Panama 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$83.32 billion
↑ 9.23% vs 2022GDP per Capita
$18,686.41
↑ 7.81% vs 2022GDP Growth (Annual %)
7.40%
↓ 3.37pp vs 2022Inflation Rate (CPI %)
1.49%
↓ 1.37pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $76.28 billion | $83.32 billion | +9.23% |
| GDP per Capita | $17,332.44 | $18,686.41 | +7.81% |
| GDP Growth (Annual %) | 10.77% | 7.40% | -3.37pp |
| Inflation (CPI %) | 2.86% | 1.49% | -1.37pp |
| Unemployment Rate (%) | 8.09% | 6.54% | -1.54pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $83.32 billion
- GDP per Capita
- $18,686.41
- GDP Growth (Annual %)
- 7.40%
- Gross National Income
- $79.29 billion
Prices & Employment
- Inflation (CPI %)
- 1.49%
- Inflation (GDP Deflator %)
- 1.71%
- Unemployment Rate (%)
- 6.54%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -4.49%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Panama's Gross Domestic Product (GDP) is $83.32 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Panama for 2023 is $18,686.41. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Panama for 2023 is 1.49%. This measures the annual percentage change in the cost of consumer goods and services.
Panama's annual GDP growth rate for 2023 is 7.40%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Panama for 2023 is 6.54%. This represents the percentage of the labor force that is unemployed and actively seeking employment.