Prices & public finance · Latin America & Caribbean · High income
Panama: prices, money and public finance
Inflation is -0.2% (2025), 171st of 180 in the world and 31st of 31 in Latin America & Caribbean. GDP deflator is 0.2% (2025), 186th of 209 in the world and 38th of 40 in Latin America & Caribbean. Lending rate is 6.9% (2022), 86th of 136 in the world and 22nd of 31 in Latin America & Caribbean.
Inflation
PanamaLatin America & CaribbeanHigh incomeWorld
GDP deflator
PanamaLatin America & CaribbeanHigh incomeWorld
12 indicators
Prices & public finance: Panama in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | -0.2%2025 | 171/180 | 31/31 | 1.5% | 3.5% | -1.6% | −0.3 ppsince 2015 | 2.1% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 0.2%2025 | 186/209 | 38/40 | -1.5% | 2.6% | -0.5% | −2.8 ppsince 2015 | 3.4% | 2.6% | 3.3% | |
| Lending rateLending interest rate, % | 6.9%2022 | 86/136 | 22/31 | 10.5% | 7.3% | 7.0% | −0.8 ppsince 2012 | — | — | — | |
| Real interest rateReal interest rate, % | 4.6%2022 | 72/136 | 16/31 | 12.2% | 4.6% | 7.5% | +3.3 ppsince 2012 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1.002025 | 168/210 | 34/39 | 1.00 | 1.00 | 1.00 | ±0.0%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 7.2%2024 | 131/142 | 20/20 | · | · | 8.3% | −2.8 ppsince 2014 | 14.7% | 15.3% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 10.7%2024 | 135/142 | 20/20 | · | · | 11.5% | −2.5 ppsince 2014 | 22.8% | 26.3% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 17.1%2021 | 112/142 | 18/20 | · | · | 19.3% | — | 27.6% | 30.1% | 28.5% | |
| Private creditDomestic credit to private sector, % of GDP | 75.5%2025 | 34/169 | 3/31 | · | 82.1% | 100.2% | −7.5 ppsince 2015 | 52.9% | 152.1% | 140.3% | |
| Broad moneyBroad money, % of GDP | 76.2%2008 | — | — | 78.3% | 76.2%2008 | · | +4.5 ppsince 1998 | 72.6% | 138.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 1.72025 | 139/165 | 29/32 | 0.8 | 1.3 | 5.5 | +40%since 2015 | 6.6 | 7.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 0.00%2025 | 156/156 | 22/22 | 0.00% | 0.00% | 0.00% | ±0.0 ppsince 2015 | 1.07% | 2.80% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−0.3 pp-0.2% in 2025
- Reserves, months of imports+40%1.7 in 2025
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Panama and its neighbours
Countries sharing a land border with Panama. Latest values since 2005; the highest in each row is marked.
| Indicator | Panama | United States | Colombia | Costa Rica |
|---|---|---|---|---|
| Inflation | -0.2%2025 | 2.9%2024 | 5.1%2025 | -0.1%2025 |
| GDP deflator | 0.2%2025 | 2.8%2025 | 5.4%2025 | -0.5%2025 |
| Lending rate | 6.9%2022 | 3.2%2021 | 14.3%2025 | 6.9%2025 |
| Real interest rate | 4.6%2022 | -1.3%2021 | 8.4%2025 | 7.5%2025 |
| Exchange rate | 1.002025 | 1.002025 | 4,053.142025 | 503.502025 |
| Tax revenue | 7.2%2024 | 10.8%2024 | 15.2%2024 | 13.5%2024 |
| Government revenue | 10.7%2024 | 17.8%2024 | 25.8%2024 | 27.4%2024 |
| Government expense | 17.1%2021 | 24.4%2023 | 33.3%2023 | 28.6%2023 |
| Private credit | 75.5%2025 | 201.3%2025 | 39.9%2025 | 51.0%2025 |