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Panama

Country in Americas

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In brief

Inflation: -0.2% (2025). World rank 171 of 180; in Americas, 33 of 33. Tax revenue, share of GDP: 7.2% (2024). World rank 131 of 142; in Americas, 22 of 22. Gini index (0 = full equality): 49.7 (2024). World rank 112 of 116 (1 = best); in Americas, 18 of 20. From 2015 to 2025: GDP $55.8B → $90.5B, GDP per person $14,083 → $19,790, and GDP per person at purchasing power parity $27,245 → $43,902. Better than all its neighbours (Colombia and Costa Rica): GDP per person at purchasing power parity and gross national income per person. Worse than all its neighbours (Colombia and Costa Rica): unemployment.

Size and growth

GDP
$90.5B 2025
GDP per person
$19,790 2025
GDP per person at purchasing power parity
$43,902 2025
GDP growth per year
+4.4% 2025

Income and prices

Income level (World Bank)
High income
Gross national income per person
$19,140 2025
Inflation
-0.2% 2025
Price level, USA = 100
45 2025

Structure and jobs

Agriculture, share of GDP
2.6% 2025
Industry, share of GDP
24.9% 2025
Services, share of GDP
70% 2025
Unemployment
8.4% 2025
Youth unemployment, ages 15–24
19.8% 2025
Women in work or seeking work
54.9% 2025

Trade and finance

Exports, share of GDP
44.4% 2024
Imports, share of GDP
39.3% 2024
Current account balance, share of GDP
-0.2% 2025
Foreign direct investment, share of GDP
+1% 2025
Remittances received, share of GDP
0.7% 2025
Tax revenue, share of GDP
7.2% 2024
Currency
Panamanian Balboa (PAB), US Dollar (USD)

Poverty and inequality

Gini index (0 = full equality)
49.7 2024
Living on under $3 a day
3.1% 2024