Indicators of economy in Panama

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Panama reached 12.510 US dollars per inhabitant, or 53.98 bn US Dollar in the whole country. Panama is therefore currently ranked 82 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Panama is in the list of the world's richest countries in place 55.

Inflation in Panama was in 2020 at around -1.55%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 52.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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