Panama Panama

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Panama, is a country located at Central America, it has an area of 75,320 Km2 and it may be considered quite a small country.

Panama, with a population of 4,351,267 people, it is one of the least populous country in the world and it has a moderate population density, 58 people per km2.

It's capital is Panama City and its currency is Balboas

Panama is holding the 75 position by nominal GDP. Its national debt in 2021 was 31,403 millions of euros (37,166 millions of dollars), ( 58.43% debt-to-GDP ratio) and its public debt per capita is €7,217 euros per inhabitant$8,541 dollars per inhabitant.

The last annual rate of CPI published in Panama was on October of 2023 and it was 2.1%.

In terms of the human development index (HDI) of Panama, which is the index used by the United Nations to measure the progress of a country, was 0.805 points in 2021, leaving it in 61th place in the table of 191 countries published.

If the reason to visit Panama are business, you must know it's in the 86th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Panama, if you want to see information about other countries click here

Panama City: Monthly Temp.
Panama City: Monthly Rainfall
Panama Economy
Annual GDP [+]2022€72,671M
Annual GDP [+]2022$76,523M
GDP per capita [+]2022€16,701
GDP per capita [+]2022$17,586
Debt (M.€.) [+]202131,403
Debt ($M) [+]202137,166
Debt (%GDP) [+]202158.43%
Debt Per Capita [+]2021€7,217
Debt Per Capita [+]2021$8,541
Deficit (M.€) [+]2021-3,580
Deficit ($M) [+]2021-4,237
Deficit (%GDP) [+]2021-6.66%
Expenditure (M.€) [+]202113,343.2
Expenditure ($M) [+]202115,792.0
Education Expenditure (M.€) [+]20201,847.4
Education Expenditure ($M) [+]20202,108.4
Education Expenditure (%Bud.) [+]202111.97%
Gov. Health Exp. (M.€) [+]20172,415.7
Gov. Health Exp.($M) [+]20172,728.1
Gov. Health Exp. (%Bud.) [+]201720.08%
Defence Expenditure (M.€) [+]20200
Defence Expenditure ($M) [+]20200
Defence Expenditure (%Bud.) [+]20200%
Expenditure (%GDP) [+]202124.83%
Expenditure Per Capita [+]2021€3,067
Expenditure Per Capita [+]2021$3,629
Education Expenditure P.C [+]2020€432
Education Expenditure P.C [+]2020$493
Gov. Health Exp. P.C. [+]2017€590
Gov. Health Exp. P.C. [+]2017$666
Defence Expenditure P.C. [+]2020€0
Defence Expenditure P.C. [+]2020$0
Moody's Rating [+]10/31/2023Baa3
S&P Rating [+]11/07/2023BBB
Fitch Rating [+]02/03/2021BBB-
Corruption Index [+]202236
Competitiveness Ranking [+]201966º
Fragile States Index [+]201849.5
RTI Raking [+]202241º
Innovation Ranking [+]201870º
Unemployment rate [+]2017Q14.6%
Unemployed [+]2017Q187K
NMW [+]2013$366.1
NMW [+]2013€277.4
Human Capital Ranking [+]201756º
Stock ExchangeYTD % [+]11/18/20220%
CPI (overall index) [+]October 20232.1%
Doing Business [+]202086º
Passengers vehicles Year [+]December 201939,049
Annual Vehicles/ 1,000 p. [+]December 201911.12
Vehicles / 1,000 people [+]2015170.40
Tax Revenue (%GDP) [+]202112.7%
Standard VAT [+]01/01/20107.00%
Top tax rate + SSC [+]202025.0%
Annual arrivals [+]20191,752,645
Exports [+]2021€11,089.6M
Exports [+]2021$13,115.7M
Exports % GDP [+]202120.63%
Imports [+]2021€17,337.7M
Imports [+]2021$20,505.3M
Imports % GDP [+]202132.26%
Trade balance [+]2021€-6,248.1M
Trade balance [+]2021$-7,389.6M
Trade balance % GDP [+]2021-11.63%
Global AgeWatch Ranking [+]201520º
Density [+]202158
Global Peace Ranking [+]202368º
Remittance received ($M) [+]2017533.0
% Immigrant [+]20207.32%
% Emigrant [+]20203.26%
Birth Rate [+]202117.69‰
Remittance sent ($M) [+]2017451.2
Crude death rate [+]20216.07‰
Fertility Rate [+]20212.33
% risk of poverty [+]201921.5%
Population [+]20214,351,267
Immigrant stock [+]2020313,165
Emigrant stock [+]2020139,520
HDI [+]20210.805
Gender Gap Ranking [+]202358º
Life expectancy [+]202176.22
Suicides [+]2015216
Suicide rate [+]20155.44
Number of homicides [+]2021550
Rate Homicides per 100.000 [+]202112.64
Energy and Environment
CO2 Tons per capita [+]20212.87
Consumption GWh [+]20219,489
Generation GWh [+]202111,203
COVID-19 - Deaths [+]11/22/20238,659
COVID-19 - Confirmed [+]11/22/20231,047,813
Fully vaccinated [+]05/12/20233,174,155
COVID-19 - Deaths per million population [+]11/22/20231,990.00
Doses administered [+]05/12/20238,893,001