Panama is the 101 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Panama averaged 81.32 from 2001 until 2019, reaching an all time high of 102 in 2013 and a record low of 51 in 2001. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Panama Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Panama decreased 0.70 percent in the third quarter of 2019 over the same quarter in the previous year. Industrial Production in Panama averaged 0.13 percent from 2003 until 2019, reaching an all time high of 6.40 percent in the fourth quarter of 2006 and a record low of -6.50 percent in the second quarter of 2019. In Panama, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Panama Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama averaged 6.38 percent from 2006 until 2018, reaching an all time high of 7 percent in 2010 and a record low of 5 percent in 2007. In Panama, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Panama. This page provides - Panama Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Panama stands at 25 percent. Corporate Tax Rate in Panama averaged 29.98 percent from 1997 until 2018, reaching an all time high of 37 percent in 1998 and a record low of 25 percent in 2011. In Panama, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Panama. This page provides - Panama Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama averaged 26.20 percent from 2004 until 2018, reaching an all time high of 33 percent in 2004 and a record low of 25 percent in 2010. In Panama, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Panama. This page provides - Panama Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Panama increased to 1011804.70 PAB Thousand in December from 935447 PAB Thousand in November of 2019. Imports in Panama averaged 793364.32 PAB Thousand from 2003 until 2019, reaching an all time high of 1349156.80 PAB Thousand in October of 2014 and a record low of 226561 PAB Thousand in February of 2003. Panama's main imports are mineral products, capital equipment, electronics and food. Panama's main import partners are the United States, China, Mexico, South Korea, Japan and Colombia. . This page provides - Panama Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Panama decreased to 48007.13 PAB Thousand in December from 54691 PAB Thousand in November of 2019. Exports in Panama averaged 69324.50 PAB Thousand from 2003 until 2019, reaching an all time high of 181465.14 PAB Thousand in March of 2008 and a record low of 40502.29 PAB Thousand in December of 2018. Panama's exports are dominated by the agricultural and fishing sector (60 percent of total exports). Salmon, banana and gold are the most exported products. Panama's main export partners are the United States, Canada, Netherlands, Sweden and Costa Rica. The North American market represents 40 percent of total exports. This page provides - Panama Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Panama increased to 7.10 percent in 2019 from 6 percent in 2018. Unemployment Rate in Panama averaged 9.22 percent from 1963 until 2019, reaching an all time high of 16.30 percent in 1988 and a record low of 4.10 percent in 2012. In Panama, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Panama Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Panama increased to 11210.52 PAB Million in the fourth quarter of 2019 from 10730.51 PAB Million in the third quarter of 2019. GDP Constant Prices in Panama averaged 8054.99 PAB Million from 2007 until 2019, reaching an all time high of 11210.52 PAB Million in the fourth quarter of 2019 and a record low of 4958.99 PAB Million in the first quarter of 2007. This page provides - Panama Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Panama decreased to 220.16 PAB Million in the fourth quarter of 2019 from 260.59 PAB Million in the third quarter of 2019. GDP From Agriculture in Panama averaged 198.31 PAB Million from 2013 until 2019, reaching an all time high of 260.59 PAB Million in the third quarter of 2019 and a record low of 172.04 PAB Million in the first quarter of 2015. This page provides - Panama Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Construction in Panama increased to 1569.62 PAB Million in the fourth quarter of 2019 from 1564.73 PAB Million in the third quarter of 2019. GDP From Construction in Panama averaged 982.12 PAB Million from 2007 until 2019, reaching an all time high of 1754.85 PAB Million in the first quarter of 2019 and a record low of 291.70 PAB Million in the first quarter of 2007. This page provides - Panama Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Panama increased to 527.98 PAB Million in the fourth quarter of 2019 from 504.85 PAB Million in the third quarter of 2019. GDP From Manufacturing in Panama averaged 468.38 PAB Million from 2007 until 2019, reaching an all time high of 560.60 PAB Million in the second quarter of 2018 and a record low of 367.51 PAB Million in the fourth quarter of 2007. This page provides - Panama Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Panama increased to 364.14 PAB Million in the fourth quarter of 2019 from 327.35 PAB Million in the third quarter of 2019. GDP From Mining in Panama averaged 124.08 PAB Million from 2007 until 2019, reaching an all time high of 364.14 PAB Million in the fourth quarter of 2019 and a record low of 33.08 PAB Million in the first quarter of 2007. This page provides - Panama Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in Panama increased to 1583.32 PAB Million in the fourth quarter of 2019 from 1548.60 PAB Million in the third quarter of 2019. GDP From Transport in Panama averaged 1140.77 PAB Million from 2007 until 2019, reaching an all time high of 1583.32 PAB Million in the fourth quarter of 2019 and a record low of 833.71 PAB Million in the first quarter of 2007. This page provides - Panama Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Panama decreased to 448.12 PAB Million in the fourth quarter of 2019 from 456.77 PAB Million in the third quarter of 2019. GDP From Utilities in Panama averaged 296.20 PAB Million from 2007 until 2019, reaching an all time high of 456.77 PAB Million in the third quarter of 2019 and a record low of 140.88 PAB Million in the first quarter of 2007. This page provides - Panama Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Panama expanded 3.30 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Panama averaged 6.65 percent from 2010 until 2019, reaching an all time high of 12.20 percent in the second quarter of 2011 and a record low of 2.70 percent in the third quarter of 2019. Panama is one of the fastest growing economies in the Americas, greatly influenced by the famous canal connecting Atlantic and Pacific Ocean and business-friendly regulations. As a result service sector with insurance, finance, legal industries and flagship registry accounts for 80 percent of GDP. This page provides the latest reported value for - Panama GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Panama was worth 70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Panama represents 0.06 percent of the world economy. GDP in Panama averaged 14.48 USD Billion from 1960 until 2019, reaching an all time high of 70 USD Billion in 2019 and a record low of 0.54 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Panama GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Panama was estimated at 4.2 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Panama had a population of 1.1 million people. The population of Panama represents 0.05 percent of the world´s total population which arguably means that one person in every 1954 people on the planet is a resident of Panama. This page provides - Panama Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Panama was recorded at 0 percent in February of 2020. Inflation Rate in Panama averaged 2.93 percent from 2008 until 2020, reaching an all time high of 10.04 percent in September of 2008 and a record low of -0.70 percent in October of 2019. In Panama, the most important categories in the consumer price index are Food and Non-Alcoholic Beverages (22.4 percent of total weight) and Transport (16.8 percent). Miscellaneous Goods and Services account for 9.8 percent; Recreation and Culture for 9.7 percent; Housing and Utilities for 8.5 percent and Furniture, Household Goods and Maintenance for 7.8 percent. Clothing and Footwear; Restaurants and Hotels; Communication; Health; Education and Alcoholic beverages and Tobacco account for the remaining 25 percent of total weight. This page provides - Panama Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Panama recorded a capital and financial account deficit of 769.96 PAB Million in the fourth quarter of 2019. Capital Flows in Panama averaged 21.52 PAB Million from 2003 until 2019, reaching an all time high of 2195.90 PAB Million in the third quarter of 2014 and a record low of -2441.10 PAB Million in the third quarter of 2016. In Panama, international capital flows are measured using the Capital and Financial Account Balance of the Balance of Payments. This page provides - Panama Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Registrations in Panama increased to 1348 Units in January from 1250 Units in December of 2019. Car Registrations in Panama averaged 1622.66 Units from 2005 until 2020, reaching an all time high of 4236 Units in October of 2014 and a record low of 692 Units in January of 2005. This page provides - Panama Car Registrations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Panama decreased to 104.49 points in February from 104.75 points in January of 2020. Consumer Price Index Cpi in Panama averaged 103.93 points from 2014 until 2020, reaching an all time high of 105.57 points in October of 2018 and a record low of 101.42 points in January of 2014. This page provides - Panama Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Panama increased to 102.79 points in February from 102.68 points in January of 2020. Cpi Housing Utilities in Panama averaged 101.18 points from 2014 until 2020, reaching an all time high of 107.31 points in November of 2014 and a record low of 98.20 points in January of 2016. This page provides - Panama Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Panama decreased to 102.26 points in February of 2020 from 103.62 points in January of 2020. CPI Transportation in Panama averaged 103.09 points from 2014 until 2020, reaching an all time high of 108.30 points in June of 2018 and a record low of 96 points in January of 2015. This page provides - Panama Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Panama decreased 0.30 percent in February of 2020 over the previous month. Inflation Rate Mom in Panama averaged 0.04 percent from 2014 until 2020, reaching an all time high of 0.90 percent in March of 2015 and a record low of -0.90 percent in July of 2014. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Panama Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Panama decreased 0.90 percent in February of 2020 over the same month in the previous year. Food Inflation in Panama averaged 4.37 percent from 2007 until 2020, reaching an all time high of 15.60 percent in October of 2008 and a record low of -1.70 percent in February of 2018. This page provides - Panama Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Leading Economic Index Panama increased 2.68 percent in January of 2020 over the same month in the previous year. Leading Economic Index in Panama averaged 6.09 percent from 2007 until 2020, reaching an all time high of 15.69 percent in April of 2008 and a record low of -2.26 percent in August of 2009. In Panama, the Monthly Economic Activity Index - IMAE - estimates the activity of the different economic sectors in a given month, anticipating future movements in GDP. It aggregates the 14 different sectors included in the GDP calculation: agriculture, livestock, hunting and forestry; fishing; mining and quarrying; manufacturing; electricity and water supply; construction; wholesale and retail trade; hotels and restaurants; transport, storage, and communications; financial services; real estate; education; health and social services and public administration. The index has a base value of 100 as of 1996. . This page provides the latest reported value for - Panama Economic Activity Index YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Panama was last recorded at 1.36 percent. Interest Rate in Panama averaged 1.61 percent from 2002 until 2018, reaching an all time high of 5.47 percent in August of 2006 and a record low of 0.18 percent in February of 2015. Panama does not have a Central Bank, therefore there is no official benchmark interest rate. The benchmark interest rate refers to money market rate. This page provides - Panama Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Panama recorded a trade deficit of 963797.58 PAB Thousand in December of 2019. Balance of Trade in Panama averaged -724039.85 PAB Thousand from 2003 until 2019, reaching an all time high of -164179 PAB Thousand in February of 2005 and a record low of -1274303 PAB Thousand in October of 2014. Panama's lack of mineral resources such as crude oil results in a trade deficits on a consistent basis. The imports of mineral products alone are larger than the country's total exports. Panama mainly exports salmon, banana and gold. Panama's major trade partner is the United States (30 percent of the exports and 28 percent of the imports). Others include China and Costa Rica. This page provides - Panama Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Panama recorded a Government Budget deficit equal to 3.80 percent of the country's Gross Domestic Product in 2019. Government Budget in Panama averaged -1.73 percent of GDP from 1993 until 2019, reaching an all time high of 3.45 percent of GDP in 2007 and a record low of -4.87 percent of GDP in 2004. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Panama Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Panama stands at BBB+ with negative outlook. Moody's credit rating for Panama was last set at Baa1 with stable outlook. Fitch's credit rating for Panama was last reported at BBB with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Panama thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Panama as reported by major credit rating agencies.

Panama recorded 8070 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Panama reported 231 Coronavirus Deaths. This page includes a chart with historical data for Panama Coronavirus Cases.

Panama recorded 231 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Panama reported 8070 Coronavirus Cases. This page includes a chart with historical data for Panama Coronavirus Deaths.

Panama recorded 886 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Panama reported 231 Coronavirus Deaths. This page includes a chart with historical data for Panama Coronavirus Recovered.

Panama recorded a Current Account deficit of 350.70 PAB Million in the fourth quarter of 2019. Current Account in Panama averaged -722.93 PAB Million from 2003 until 2019, reaching an all time high of 247 PAB Million in the fourth quarter of 2009 and a record low of -1706.86 PAB Million in the third quarter of 2018. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Panama Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Panama increased by 949.90 USD Million in the fourth quarter of 2019. Foreign Direct Investment in Panama averaged 591.88 USD Million from 1990 until 2019, reaching an all time high of 1685.10 USD Million in the fourth quarter of 2006 and a record low of -306.70 USD Million in the second quarter of 2002. This page provides - Panama Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in Panama remained unchanged at 0.68 USD/Liter in April from 0.68 USD/Liter in March of 2020. Gasoline Prices in Panama averaged 0.75 USD/Liter from 1992 until 2020, reaching an all time high of 1.10 USD/Liter in March of 2013 and a record low of 0.41 USD/Liter in December of 1998. This page provides the latest reported value for - Panama Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Panama recorded a Current Account deficit of 4.70 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Panama averaged -4.34 percent from 1980 until 2019, reaching an all time high of 14.81 percent in 1988 and a record low of -13.40 percent in 2014. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Panama Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Panama increased to 127845 PAB Thousand in the fourth quarter of 2019 from 122285 PAB Thousand in the third quarter of 2019. Remittances in Panama averaged 112116.55 PAB Thousand from 2009 until 2019, reaching an all time high of 200000 PAB Thousand in the fourth quarter of 2014 and a record low of 49352 PAB Thousand in the first quarter of 2011. In Panama, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Panama Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

They both play on Thursday, against Japan and Tunisia respectively, and if they manage to score then it will be the first time in the World Cup's history that all teams have scored twice.

Embassy of India, Panama
No. 10325, Avenida Federico Boyd
Bella Vista, Apdo.0823-05815
Panama. [*Con. acc. toEl Salvador, Honduras & Nicaragua].

Telephone: 00-507-2640280 (Amb), 2692792(Pol & Com), 2648349(Com, Cons & Inf)
Fax: 00-507-2096779(Amb) , 2096649(Pol, HOC, Com, Cons)
E-Mail: ambassador@indempan.org (Amb), sspol@indempan.org ( Pol), hoc@indempan.org (HOC), sscci@indempan.org (Com,Cons &Inf), ambassador@indempan.org (PPS to Amb), att@indempan.org (Attache Consular), cc@indempan.org (Attache/PS), est@indempan.org (GA) & adm@indempan.org (Accountant)
Website: www.indempan.org

Ambassador*
Yogeshwar Varma
First Secretary
Raj Kumar