Nomad Watch
Notifications
Loading…
PA

Panama

PA · PAN · #116 · 14 cities

Nomad score 58/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$59,078
GDP (2031)
$131.3B
GDP growth (2031)
4.5% →
Inflation (2031)
2.0% →
Unemployment (2031)
6.0% ↓
Population (2031)
4.8M
Population growth (2031)
0.0% →
Gini index (2024)
49.7
Government debt (2031)
53.9% of GDP
Current account (2031)
-2.5% of GDP
FDI inflows (2025)
$938.5M
Life expectancy (2024)
79.8 yrs
Health spending (2023)
8.3% of GDP
Internet users (2024)
72.8%
Mobile subscriptions (2023)
156.6/100
Trade openness (2024)
83.7% of GDP
Exchange rate (2025)
1.00/USD
Foreign reserves (2025)
$6.2B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
53.9% of GDP
Current account (2031)
-2.5% of GDP
FDI inflows (2025)
$938.5M

Income inequality (Gini)

Gini index (2024)
0.50
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2022)
4.52/1k
Tax revenue (2024)
7.2% of GDP
Services sector (2025)
70.0% of GDP

Financial access and costs

ATMs per 100k (2024)
72.5
Bank branches per 100k (2024)
17.7
ICT service exports (2025)
2.5%
Goods and services tax (2024)
3.7%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $131.3B $59,078 4.5% 2.0% 6.0% 4.8M - 53.9% -2.5% - - - - -
2030 * $123.1B $55,404 4.5% 2.0% 6.9% 4.8M - 55.3% -2.5% - - - - -
2029 * $115.4B $51,959 4.8% 2.0% 7.8% 4.8M - 56.3% -2.5% - - - - -
2028 * $108.0B $49,214 4.5% 2.0% 8.6% 4.7M - 57.1% -2.5% - - - - -
2027 * $101.3B $46,716 4.5% 2.0% 9.5% 4.7M - 57.5% -2.5% - - - - -
2026 * $95.0B $44,342 3.8% 1.4% 10.4% 4.6M - 57.7% -1.5% - - - - -
2025 $90.5B $43,902 4.4% 0.0% 10.4% 4.6M - 56.6% 0.3% $938.5M - - - 1.00
2024 $86.5B $41,430 2.7% 0.7% 9.5% 4.5M 49.7 57.8% 0.7% $2.1B 79.8 - 72.8% 1.00
2023 $83.8B $39,846 7.2% 1.5% 7.4% 4.5M 48.9 54.4% -3.1% $2.7B 79.6 8.3% 68.6% 1.00
2022 $76.5B $36,327 11.0% 2.9% 9.9% 4.4M - 56.2% 0.0% $2.4B 79.3 9.1% 67.3% 1.00
2021 $67.4B $30,933 16.5% 1.6% 11.3% 4.3M 50.9 58.0% -1.2% $1.8B 77.0 9.1% 66.0% 1.00
2020 $57.1B $27,017 -17.8% -1.6% 18.5% 4.3M - 62.4% 0.2% -$1.6B 76.3 10.2% 64.8% 1.00
2019 $69.8B $33,240 3.1% -0.4% 7.1% 4.2M 49.8 42.5% -5.1% $4.7B 78.5 8.1% 63.6% 1.00
2018 $67.3B $32,464 3.9% 0.8% 6.0% 4.2M 49.2 36.3% -7.9% $4.3B 78.3 7.6% 61.8% 1.00
2017 $64.3B $33,533 5.7% 0.9% 6.1% 4.1M 49.9 34.3% -5.8% $4.1B 77.9 7.2% 60.0% 1.00
2016 $59.8B $30,277 4.6% 0.7% 5.5% 4.0M 50.4 34.0% -7.5% $5.2B 77.8 7.1% 54.0% 1.00
2015 $55.8B $27,245 5.3% 0.1% 5.1% 4.0M 50.8 34.1% -8.7% $5.1B 77.6 6.9% 51.2% 1.00
2014 $51.4B $24,376 4.6% 2.6% 4.8% 3.9M 50.5 32.9% -13.0% $5.0B 77.4 6.9% 44.9% 1.00
2013 $46.9B $21,924 6.3% 4.0% 4.1% 3.9M 51.5 30.8% -8.7% $3.8B 77.1 6.5% 44.0% 1.00
2012 $41.6B $19,473 9.6% 5.7% 4.1% 3.8M 51.7 31.3% -9.0% $3.4B 76.9 6.5% 40.3% 1.00
2011 $35.7B $17,474 11.9% 5.9% 4.5% 3.7M 51.3 35.9% -12.7% $4.4B 76.7 6.8% 42.7% 1.00
2010 $30.2B $15,573 6.1% 3.5% 6.5% 3.7M 51.6 38.5% -10.3% $2.5B 76.4 7.2% 40.1% 1.00
2009 $27.8B $14,766 1.6% 2.4% 6.6% 3.6M 51.8 39.5% -0.8% $1.1B 76.2 7.0% 39.1% 1.00
2008 $25.7B $14,705 10.2% 8.8% 5.6% 3.5M 52.7 40.6% -8.9% $2.4B 75.9 6.8% 33.8% 1.00
2007 $21.7B $13,333 13.2% 4.2% 6.4% 3.5M 52.7 48.2% -5.4% $2.2B 75.7 7.4% 22.3% 1.00
2006 $18.7B $11,685 9.9% 2.5% 8.7% 3.4M 54.6 56.1% -2.5% $2.9B 75.4 6.6% 17.4% 1.00
2005 $16.6B $10,511 8.3% 2.9% 9.8% 3.4M 53.8 61.5% -6.4% $1.1B 75.2 6.2% 11.5% 1.00
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

Continue exploring Panama