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 61,838

millions

1.1%

 

USD 15,089

 

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 6.1% 5.8% 5.0% 5.4% 5.1% 5.7%
Nominal GDP (USD millions) 51,228 54,316 57,821 61,838 60,818 64,467
GDP per Head (USD) 13,091 13,663 14,323 15,089 14,480 15,349
Inflation (%) 1.0% 0.3% 1.5% 0.5% 1.7% 1.5%
Fiscal Balance (% GDP) -3.1% -2.2% -1.8% -1.6% -1.0% -1.2%
General Govt. gross debt (% GDP) 35.6% 37.2% 37.1% 38.2% 39.7% 39.8%
   

Trade Statistics

 

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 18.9%   US   24.4%
Holanda 16.5%   China   9.8%
China 6.3%   México   4.9%
Taiwan 5.3%   Costa Rica    3.7%
           
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) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 16,841 15,913 14,665 14,550 17,332 18,665
Exports growth (%) -14.1% -5.5% -7.8% 6.4% 11.8% 7.7%
Imports of Goods 25,783 22,478 20,507 21,399 -23,830 -24,689
Imports growth (%) -2.7% -12.8% -8.8% 4.3% 8.8% 3.6%
Foreign Trade (% GDP) 83% 71% 61% 58% 68% 67%
             
Current Account Balance -6,677 -4,274 -3,160 -3,043 -3,752 -3,122
% GDP -13.6% -8.2% -5.7% -5.2% -6.2% -4.8%
Foreign Direct Investment 4,984 5,058 5,995 6,102 6,000 6,200
% GDP 10.1% 9.7% 10.9% 10.5% 9.9% 9.6%
   

Disclaimer

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

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