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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 cost 475.35 Balboa in the beginning of 2022.


Inflation rates in global comparison


Back to overview: Panama

Performance over the last 61 years compared with the USA

In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer 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 provided with the original amount after inflation. Example: 1000 Balboa in 1960 corresponds to 4,753.52 Balboa at the beginning of 2022 due to inflation.

Original amount in Balboa:


Start year:


End year:


Inflation rates for consumer goods in Panama

Inflation rates for consumer goods in Panama

      Panama       USA

Historical inflation rates in comparison

YearPanamaØ EUØ USAØ World
20211.63 %2.55 %4.70 %3.42 %
2020-1.55 %0.50 %1.23 %1.92 %
2019-0.36 %1.63 %1.81 %2.19 %
20180.76 %1.74 %2.44 %2.44 %
20170.88 %1.43 %2.13 %2.19 %
20160.74 %0.18 %1.26 %1.55 %
20150.14 %-0.06 %0.12 %1.43 %
20142.63 %0.20 %1.62 %2.35 %
20134.03 %1.22 %1.46 %2.62 %
20125.70 %2.66 %2.07 %3.73 %
20115.88 %3.29 %3.16 %4.82 %
20103.49 %1.53 %1.64 %3.35 %
20092.41 %0.84 %-0.36 %2.94 %
20088.76 %4.16 %3.84 %8.95 %
20074.17 %2.51 %2.85 %4.82 %
20062.46 %2.67 %3.23 %4.28 %
20052.86 %2.49 %3.39 %4.11 %
20040.47 %2.29 %2.68 %3.38 %
20030.39 %2.09 %2.27 %3.03 %
20021.01 %2.42 %1.59 %2.83 %
20010.31 %3.37 %2.83 %3.84 %
20001.50 %3.15 %3.38 %3.49 %
19991.25 %2.16 %2.19 %3.08 %
19980.56 %2.42 %1.55 %5.11 %
19971.32 %3.11 %2.34 %5.57 %
19961.26 %3.56 %2.93 %6.55 %
19950.99 %4.43 %2.81 %9.15 %
19941.27 %4.72 %2.61 %10.32 %
19930.45 %4.85 %2.95 %7.51 %
19921.82 %6.22 %3.03 %7.71 %
19911.26 %5.48 %4.23 %9.00 %
19900.77 %6.15 %5.40 %8.13 %
19890.21 %6.26 %4.83 %7.00 %
19880.36 %4.54 %4.08 %7.15 %
19871.00 %4.02 %3.66 %5.76 %
1986-0.07 %3.68 %1.90 %5.82 %
19851.03 %5.40 %3.55 %6.86 %
19841.58 %7.67 %4.30 %8.12 %
19832.10 %8.67 %3.21 %8.77 %
19824.25 %9.58 %6.13 %10.24 %
19817.30 %11.77 %10.33 %12.47 %
198013.81 %12.91 %13.55 %13.98 %
19797.99 %8.22 %11.25 %n/a
19784.20 %7.76 %7.63 %n/a
19774.59 %9.77 %6.50 %n/a
19763.95 %9.35 %5.74 %n/a
19755.88 %10.47 %9.14 %n/a
197416.27 %13.16 %11.05 %n/a
19736.86 %7.75 %6.18 %n/a
19725.41 %6.01 %3.27 %n/a
19711.92 %5.24 %4.29 %n/a
19703.08 %4.51 %5.84 %n/a
19691.83 %2.67 %5.46 %n/a
19681.62 %3.24 %4.27 %n/a
19671.38 %3.32 %2.77 %n/a
19660.19 %3.70 %3.02 %n/a
19650.46 %3.99 %1.59 %n/a
19642.41 %3.42 %1.28 %n/a
19630.45 %2.92 %1.24 %n/a
19620.79 %3.55 %1.20 %n/a
19610.61 %2.08 %1.07 %n/a
19600.05 %1.74 %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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