Panama
Capital: Panama CityRegion: Latin America & Caribbean Income: High income
GDP
$95.91B
2026
Population
4.5M
2024
GDP per Capita
$21K
2026
Life Expectancy
79.6 years
2023
Economy
| Indicator | Value | Year |
|---|---|---|
| GDP (Current USD, Billions) | $95.91B | 2026 |
| Real GDP Growth (%) | 4.0% | 2026 |
| GDP per Capita (USD) | $21K | 2026 |
| GDP, PPP (Billions Intl $) | $210.99B | 2026 |
| GDP per Capita, PPP (Intl $) | $46K | 2026 |
| Share of World GDP, PPP (%) | 0.10% | 2026 |
| GNI (Current USD) | $82.12B | 2024 |
| GNI per Capita (USD) | $18K | 2024 |
| GNI per Capita, PPP (USD) | $39K | 2024 |
| Industry Value Added (% of GDP) | 25.5% | 2024 |
| Services Value Added (% of GDP) | 69.3% | 2024 |
| Agriculture Value Added (% of GDP) | 2.7% | 2024 |
| Government Consumption (% of GDP) | 12.4% | 2024 |
| Household Consumption (% of GDP) | 49.0% | 2024 |
| Gross Capital Formation (% of GDP) | 33.5% | 2024 |
| Gross Savings (% of GNI) | 33.3% | 2024 |
| GDP Deflator (%) | 0.5% | 2024 |
| GDP per Person Employed (USD) | $80K | 2024 |
| Manufacturing Value Added (% of GDP) | 4.9% | 2024 |
| Medium/High-Tech Manufacturing (% of total) | 6.5% | 2022 |
| Adjusted Net National Income per Capita (USD) | $12K | 2021 |
| Adjusted Net Savings (% of GNI) | 19.4% | 2021 |
| External Balance on Goods & Services (% of GDP) | 5.0% | 2024 |
| Coal Rents (% of GDP) | 0.00% | 2021 |
| Mineral Rents (% of GDP) | 3.58% | 2021 |
| Oil Rents (% of GDP) | 0.00% | 2021 |
| Natural Gas Rents (% of GDP) | 0.00% | 2021 |
| Total Natural Resources Rents (% of GDP) | 3.7% | 2021 |
| Forest Rents (% of GDP) | 0.09% | 2021 |
| Industry Value Added (Current USD) | $22.07B | 2024 |
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 2.0% | 2026 |
| Govt Gross Debt (% of GDP) | 60.3% | 2026 |
| Fiscal Balance (% of GDP) | -3.5% | 2026 |
| Current Account Balance (% of GDP) | -1.7% | 2026 |
| Unemployment Rate (%) | 7.7% | 2026 |
| Inflation, CPI (%, World Bank) | 0.7% | 2024 |
| Lending Interest Rate (%) | 6.9% | 2022 |
| Government Revenue (% of GDP) | 11.2% | 2021 |
| Tax Revenue (% of GDP) | 7.5% | 2021 |
| Taxes on Goods & Services (% of revenue) | 33.3% | 2021 |
| Taxes on Income, Profits & Capital Gains (% of rev) | 29.1% | 2021 |
| Net Investment in Nonfinancial Assets (% of GDP) | 0.7% | 2021 |
| Total Reserves incl. Gold (USD) | $6.86B | 2024 |
| Total Reserves (months of imports) | 2.1 | 2024 |
| Official Exchange Rate (per USD) | 1.00 | 2024 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Trade (% of GDP) | 83.7% | 2024 |
| Imports of Goods & Services (% of GDP) | 39.3% | 2024 |
| Exports of Goods & Services (USD) | $38.38B | 2024 |
| Imports of Goods & Services (USD) | $34.02B | 2024 |
| Merchandise Exports (USD) | $13.18B | 2024 |
| Merchandise Imports (USD) | $26.69B | 2024 |
| FDI Inflows (% of GDP) | 3.7% | 2024 |
| FDI Outflows (% of GDP) | 1.0% | 2024 |
| FDI Net Inflows (USD) | $3.24B | 2024 |
| Personal Remittances Received (USD) | $531.6M | 2024 |
| Personal Remittances Received (% of GDP) | 0.6% | 2024 |
| High-Tech Exports (% of manufactured) | 1.8% | 2024 |
| Current Account Balance (% of GDP) | 1.9% | 2024 |
| Current Account Balance (USD) | $1.67B | 2024 |
External Debt
| Indicator | Value | Year |
|---|---|---|
| Net ODA Received (% of GNI) | 0.5% | 2023 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 89.8% | 2020 |
| Domestic Credit to Private Sector (% of GDP) | 100.2% | 2020 |
| Stock Market Capitalization (% of GDP) | 21.1% | 2024 |
| Stock Market Capitalization (USD) | $18.29B | 2024 |
| Stock Market Turnover (% of GDP) | 0.5% | 2024 |
| Listed Domestic Companies | 36 | 2024 |
| Bank Capital to Assets Ratio (%) | 12.1% | 2023 |
| Bank Nonperforming Loans (%) | 2.6% | 2023 |
| Account Ownership at Financial Institution (%) | 64.1% | 2024 |
| Account Ownership, Female (%) | 58.1% | 2024 |
| Account Ownership, Male (%) | 70.4% | 2024 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 4.5M | 2024 |
| Population Growth (%) | 1.3% | 2024 |
| Population Density (per km²) | 60 | 2023 |
| Surface Area (sq km) | 75,320 | 2023 |
| Land Area (sq km) | 74,180 | 2023 |
| Urban Population (%) | 66.0% | 2024 |
| Urban Population (total) | 3.0M | 2024 |
| Rural Population (%) | 34.0% | 2024 |
| Life Expectancy at Birth | 79.6 years | 2023 |
| Life Expectancy, Male | 76.7 years | 2023 |
| Life Expectancy, Female | 82.6 years | 2023 |
| Fertility Rate (births per woman) | 2.1 | 2023 |
| Birth Rate (per 1,000) | 16.0 | 2023 |
| Death Rate (per 1,000) | 4.8 | 2023 |
| Net Migration | 6,151 | 2025 |
| Population Ages 0–14 (%) | 24.9% | 2024 |
| Population Ages 15–64 (%) | 65.8% | 2024 |
| Population Ages 65+ (%) | 9.4% | 2024 |
| Age Dependency Ratio (%) | 52.1% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 116.5 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 65.3 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 2.3M | 2025 |
| Labor Force Participation (%) | 66.3% | 2025 |
| Female Labor Force Participation (%) | 54.9% | 2025 |
| Male Labor Force Participation (%) | 77.9% | 2025 |
| Unemployment (%) | 8.4% | 2025 |
| Female Unemployment (%) | 10.4% | 2025 |
| Male Unemployment (%) | 6.9% | 2025 |
| Youth Unemployment (%) | 19.8% | 2025 |
| Employment in Agriculture (%) | 16.0% | 2025 |
| Employment in Industry (%) | 17.0% | 2025 |
| Employment in Services (%) | 67.0% | 2025 |
| Vulnerable Employment (%) | 37.9% | 2025 |
| Wage & Salaried Workers (% of total) | 59.4% | 2025 |
| Part-Time Employment (%) | 33.7% | 2024 |
| Employers (% of total employment) | 2.7% | 2025 |
| Labor Force, Female (% of total) | 41.8% | 2025 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 2.5% | 2023 |
| Education Spending (% of govt expenditure) | 16.3% | 2024 |
| Adult Literacy Rate (%) | 96.3% | 2024 |
| Male Literacy Rate (%) | 97.3% | 2024 |
| Youth Literacy Rate (%) | 99.2% | 2024 |
| Primary School Enrollment (%) | 95.2% | 2023 |
| Tertiary School Enrollment (%) | 53.7% | 2023 |
| Primary Completion Rate (%) | 93.3% | 2023 |
| Lower Secondary Completion Rate (%) | 77.1% | 2023 |
| Out-of-School Children, Primary | 41,370 | 2023 |
| Out-of-School Girls, Primary | 19,429 | 2023 |
| Pupil-Teacher Ratio, Primary | 22 | 2017 |
| Pupil-Teacher Ratio, Secondary | 14 | 2017 |
Health
| Indicator | Value | Year |
|---|---|---|
| Health Spending (% of GDP) | 8.3% | 2023 |
| Health Spending per Capita (USD) | $2K | 2023 |
| Government Health Spending (% of GDP) | 4.3% | 2023 |
| Out-of-Pocket Health Spending (% of total) | 40.5% | 2023 |
| Physicians (per 1,000 people) | 1.6 | 2022 |
| Nurses & Midwives (per 1,000) | 3.3 | 2022 |
| Hospital Beds (per 1,000) | 1.9 | 2023 |
| Infant Mortality (per 1,000 live births) | 13.3 | 2023 |
| Under-5 Mortality, Female (per 1,000) | 12.1 | 2023 |
| Under-5 Mortality, Male (per 1,000) | 14.4 | 2023 |
| Cause of Death, Communicable (%) | 13.4% | 2019 |
| Cause of Death, Non-Communicable (%) | 77.9% | 2019 |
| Cause of Death, Injury (%) | 8.8% | 2019 |
| Measles Immunization (% of children) | 93.0% | 2024 |
| DPT Immunization (% of children) | 72.0% | 2024 |
| HIV Incidence (per 1,000) | 0.33 | 2024 |
| Tuberculosis Incidence (per 100,000) | 63 | 2024 |
| Smoking Prevalence, Males (%) | 8.4% | 2022 |
| Smoking Prevalence, Females (%) | 1.9% | 2022 |
| Suicide Mortality Rate (per 100,000) | 3.3 | 2021 |
| Alcohol Consumption (liters per capita) | 4.7 | 2020 |
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| Energy Use (kg oil eq. per capita) | 1,063 | 2022 |
| Electric Power Consumption (kWh per capita) | 2,546 | 2022 |
| Renewable Electricity Output (%) | 79.3% | 2021 |
| Renewable Energy Consumption (%) | 28.0% | 2021 |
| Access to Clean Fuels for Cooking (%) | 100.0% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 11.5 | 2020 |
| Forest Area (%) | 56.3% | 2023 |
| Forest Area (sq km) | 41,796 | 2023 |
| Terrestrial Protected Areas (%) | 27.2% | 2024 |
| Marine Protected Areas (%) | 26.3% | 2024 |
| Access to Basic Drinking Water (%) | 95.3% | 2024 |
| Access to Basic Sanitation (%) | 89.1% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 29.5% | 2023 |
| Cereal Yield (kg per hectare) | 3,845 | 2023 |
| Food Production Index (2014–2016=100) | 115.5 | 2022 |
| Crop Production Index (2014–2016=100) | 130.9 | 2022 |
| Livestock Production Index (2014–2016=100) | 106.5 | 2022 |
| Land Under Cereal Production (hectares) | 155,285 | 2023 |
| Fertilizer Consumption (kg per hectare) | 112.6 | 2023 |
| Agricultural Irrigated Land (%) | 1.8% | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 0.9% | 2022 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 68.5% | 2023 |
| Fixed Broadband Subscriptions (per 100) | 18.1 | 2023 |
| Secure Internet Servers (per million) | 2,234.5 | 2024 |
| R&D Spending (% of GDP) | 0.16% | 2023 |
| Patent Applications, Residents | 35 | 2021 |
| Patent Applications, Non-Residents | 401 | 2021 |
| Scientific Journal Articles | 376 | 2022 |
| High-Technology Exports (USD) | $1.9M | 2024 |
| ICT Service Exports (% of service exports) | 2.9% | 2024 |
| Industrial Design Applications, Resident | 5 | 2021 |
| Researchers in R&D (per million) | 253 | 2023 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Air Transport, Passengers Carried | 15.8M | 2023 |
| Air Transport, Freight (million ton-km) | 143.7 | 2023 |
| Container Port Traffic (TEU) | 8.5M | 2022 |
| Logistics Performance Index (1–5) | 3.10 | 2022 |
| Electricity from Oil (%) | 7.1% | 2022 |
| Electricity from Nuclear (%) | 0.0% | 2021 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 21.4% | 2024 |
| Female Labor Force Participation, 15+ (%) | 51.8% | 2024 |
| Female Wage & Salaried Workers (%) | 62.8% | 2025 |
| Girls Out-of-School Rate (%) | 91.4% | 2017 |
| Adolescent Fertility Rate (per 1,000) | 57.3 | 2023 |
| Gender Parity Index, Secondary | 1.04 | 2021 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | -0.63 | 2023 |
| Government Effectiveness | -0.21 | 2023 |
| Regulatory Quality | 0.12 | 2023 |
| Voice & Accountability | 0.55 | 2023 |
| Control of Corruption (percentile rank) | 28.3% | 2023 |
| Government Effectiveness (percentile rank) | 42.9% | 2023 |
| Rule of Law (percentile rank) | 40.1% | 2023 |
| Political Stability (percentile rank) | 52.6% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Armed Forces (% of labor force) | 1.3% | 2020 |
| Intentional Homicides (per 100,000) | 11.7 | 2023 |
Poverty & Inequality
| Indicator | Value | Year |
|---|---|---|
| Poverty at $2.15/day (%) | 3.1% | 2024 |
| Poverty at $3.65/day (%) | 6.8% | 2024 |
| Poverty at $6.85/day (%) | 19.8% | 2024 |
| Gini Index | 49.7 | 2024 |
| Income Share, Top 10% | 37.6% | 2024 |
| Income Share, Bottom 10% | 1.2% | 2024 |
| Income Share, Top 20% | 54.3% | 2024 |
| Income Share, Bottom 20% | 3.6% | 2024 |
| Shared Prosperity Premium (%) | -1.1% | 2024 |
| Survey Mean Consumption (2017 PPP $ per day) | 28.70 | 2024 |
Social Protection
| Indicator | Value | Year |
|---|---|---|
| Social Assistance Coverage (%) | 64.5% | 2023 |
| Labor Market Programs Coverage (%) | 0.9% | 2023 |
| Human Capital Index (0–1) | 0.50 | 2020 |
| Human Capital Index, Female | 0.52 | 2020 |
| Human Capital Index, Male | 0.49 | 2020 |
| Learning-Adjusted Years of School | 6.5 years | 2020 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 647,000 | 2020 |
| International Tourism, Departures | 401,000 | 2020 |
| Tourism Receipts (USD) | $1.84B | 2020 |
| Tourism Expenditures (USD) | $601.0M | 2020 |
| Tourism Receipts (% of total exports) | 9.3% | 2020 |
| International Tourism, Transport Services (USD) | $724.0M | 2020 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Population in Largest City | 2.1M | 2025 |
| Population in Agglomerations >1M (% of total) | 44.9% | 2025 |
| Population in Slums (% of urban) | 16.3% | 2022 |
| Rural Population Growth (%) | 0.9% | 2024 |