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Development of inflation rates in Panama

The inflation rate for consumer prices in Panama moved over the past 61 years between -1.6% and 16.3%. For 2021, an inflation rate of 1.6% was calculated.

During the observation period from 1960 to 2021, the average inflation rate was 2.6% per year. Overall, the price increase was 375.35 %. An item that cost 100 Balboa in 1960 was so charged 475.35 Balboa in the beginning of 2022.


Inflation rates in global comparison


Back to overview: Panama

Performance over the last 61 years compared to the US

In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.

Performance based on 100% in 1959:Performance in Panama

      Panama       USA


Inflation calculator for Panama

Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Balboa in 1960 corresponds to an amount of 4,753.52 Balboa at the beginning of 2022 due to inflation.

Original amount in Balboa:


Start year:


End year:


Development of inflation rates for consumer goods in Panama

Inflation rates for consumer goods in Panama

      Panama       USA

Historical inflation rates in comparison

YearPanamaØ USAØ World
20211.63 %4.70 %3.42 %
2020-1.55 %1.23 %1.89 %
2019-0.36 %1.81 %2.21 %
20180.76 %2.44 %2.44 %
20170.88 %2.13 %2.19 %
20160.74 %1.26 %1.55 %
20150.14 %0.12 %1.43 %
20142.63 %1.62 %2.35 %
20134.03 %1.46 %2.62 %
20125.70 %2.07 %3.73 %
20115.88 %3.16 %4.82 %
20103.49 %1.64 %3.35 %
20092.41 %-0.36 %2.94 %
20088.76 %3.84 %8.95 %
20074.17 %2.85 %4.82 %
20062.46 %3.23 %4.28 %
20052.86 %3.39 %4.11 %
20040.47 %2.68 %3.38 %
20030.39 %2.27 %3.03 %
20021.01 %1.59 %2.83 %
20010.31 %2.83 %3.84 %
20001.50 %3.38 %3.49 %
19991.25 %2.19 %3.08 %
19980.56 %1.55 %5.11 %
19971.32 %2.34 %5.57 %
19961.26 %2.93 %6.55 %
19950.99 %2.81 %9.15 %
19941.27 %2.61 %10.32 %
19930.45 %2.95 %7.51 %
19921.82 %3.03 %7.71 %
19911.26 %4.23 %9.00 %
19900.77 %5.40 %8.13 %
19890.21 %4.83 %7.00 %
19880.36 %4.08 %7.15 %
19871.00 %3.66 %5.76 %
1986-0.07 %1.90 %5.82 %
19851.03 %3.55 %6.86 %
19841.58 %4.30 %8.12 %
19832.10 %3.21 %8.77 %
19824.25 %6.13 %10.24 %
19817.30 %10.33 %12.47 %
198013.81 %13.55 %13.98 %
19797.99 %11.25 %n/a
19784.20 %7.63 %n/a
19774.59 %6.50 %n/a
19763.95 %5.74 %n/a
19755.88 %9.14 %n/a
197416.27 %11.05 %n/a
19736.86 %6.18 %n/a
19725.41 %3.27 %n/a
19711.92 %4.29 %n/a
19703.08 %5.84 %n/a
19691.83 %5.46 %n/a
19681.62 %4.27 %n/a
19671.38 %2.77 %n/a
19660.19 %3.02 %n/a
19650.46 %1.59 %n/a
19642.41 %1.28 %n/a
19630.45 %1.24 %n/a
19620.79 %1.20 %n/a
19610.61 %1.07 %n/a
19600.05 %1.46 %n/a

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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