General Information

Due to its geographical position, the country holds a leading world ranking in maritime transport, logistics and port services, followed by a robust international financial center with assets of over US$100 billion.
(Sources: IMO, Superintendency of Banks of Panama)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 65,267

millions

1.2%

 

USD 15,540

 

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 5.7% 5.0% 5.3% 3.7% 5.2% 5.5%
Nominal GDP (USD millions) 52,132 57,821 61,838 65,267 68,246 71,251
GDP per Head (USD) 13,033 14,455 15,082 15,540 16,249 16,570
Inflation (%) 0.3% 1.5% 0.5% 0.2% 2.1% 0.9%
Fiscal Balance (% GDP) -2.3% -1.9% -1.9% -2.0% -1.9% -1.8%
General Govt. gross debt (% GDP) 39.1% 37.4% 37.9% 38.2% 38.9% 38.7%
   

Trade Statistics

 

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 17.9%   US   24.4%
Holanda 17.3%   China   10.1%
China 7.5%   Mexico   4.9%
India 6.1%   Costa Rica    3.4%
           
By products     By products  
Manufactures 92.5%   Manufactures 90.6%
Agricultural products 6.8%   Agricultural products 7.0%
Fuels and mining prod. 0.6%   Fuels and mining prod. 1.5%
   
Balance of Payments (USD millions) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 14,209 12,933 13,822 14,753 16,336 17,562
Exports growth (%) -15.6% -9.0% 6.9% 6.7% 10.7% 7.5%
Imports of Goods 22,542 20,694 22,293 23,963 23,433 24,056
Imports growth (%) -12.6% -8.2% 7.7% 7.5% -2.2% 2.7%
Foreign Trade (% GDP) 70% 58% 58% 59% 58% 58%
             
Current Account Balance -4,848 -4,634 -4,941 -5,067 -4,127 -2,823
% GDP -9.3% -8.0% -8.0% -7.8% -6.0% -4.0%
Foreign Direct Investment 5,119 5,585 4,826 6,578 6,200 5,200
% GDP 9.8% 9.7% 7.8% 10.1% 9.1% 7.3%
   

Disclaimer

This presentation has been prepared by Banco Latinoamericano de Comercio Exterior, S.A. (“BLADEX”) for information purposes only.

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