Inflation, consumer prices (annual %) (International Financial) in Panama
Panama: Inflation, consumer prices (annual %) (International Financial) was -0.2% in 2025. ◆ Volatile
Inflation, consumer prices in Panama, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2025, inflation, consumer prices in Panama stood at -0.2%.
That represents a change of down 127.3% on the previous year and down 237.9% over ten years.
Over the whole period, inflation, consumer prices in Panama peaked at 16.3% in 1974 and was at its lowest, -1.6%, in 2020.
That places Panama 182nd out of 192 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices (annual %) (International Financial) in Panama, year by year
| Year | annual % | Change |
|---|---|---|
| 1960 | 0.1% | — |
| 1961 | 0.6% | +1099.4% |
| 1962 | 0.8% | +28.4% |
| 1963 | 0.4% | -42.9% |
| 1964 | 2.4% | +436.5% |
| 1965 | 0.5% | -80.9% |
| 1966 | 0.2% | -58.1% |
| 1967 | 1.4% | +611.1% |
| 1968 | 1.6% | +17.7% |
| 1969 | 1.8% | +12.9% |
| 1970 | 3.1% | +68.7% |
| 1971 | 1.9% | -37.7% |
| 1972 | 5.4% | +181.8% |
| 1973 | 6.9% | +26.7% |
| 1974 | 16.3% | +137.3% |
| 1975 | 5.9% | -63.8% |
| 1976 | 4.0% | -32.8% |
| 1977 | 4.6% | +16.1% |
| 1978 | 4.2% | -8.4% |
| 1979 | 8.0% | +90.2% |
| 1980 | 13.8% | +72.8% |
| 1981 | 7.3% | -47.1% |
| 1982 | 4.3% | -41.8% |
| 1983 | 2.1% | -50.5% |
| 1984 | 1.6% | -24.7% |
| 1985 | 1.0% | -35.1% |
| 1986 | -0.1% | -106.5% |
| 1987 | 1.0% | -1601.0% |
| 1988 | 0.4% | -63.9% |
| 1989 | 0.2% | -42.7% |
| 1990 | 0.8% | +273.8% |
| 1991 | 1.3% | +63.3% |
| 1992 | 1.8% | +45.2% |
| 1993 | 0.5% | -75.1% |
| 1994 | 1.3% | +179.4% |
| 1995 | 1.0% | -21.6% |
| 1996 | 1.3% | +26.3% |
| 1997 | 1.3% | +5.5% |
| 1998 | 0.6% | -57.8% |
| 1999 | 1.2% | +123.1% |
| 2000 | 1.5% | +20.2% |
| 2001 | 0.3% | -79.5% |
| 2002 | 1.0% | +227.6% |
| 2003 | 0.4% | -61.1% |
| 2004 | 0.5% | +21.2% |
| 2005 | 2.9% | +501.6% |
| 2006 | 2.5% | -13.9% |
| 2007 | 4.2% | +69.6% |
| 2008 | 8.8% | +110.1% |
| 2009 | 2.4% | -72.5% |
| 2010 | 3.5% | +44.9% |
| 2011 | 5.9% | +68.3% |
| 2012 | 5.7% | -3.0% |
| 2013 | 4.0% | -29.3% |
| 2014 | 2.6% | -34.8% |
| 2015 | 0.1% | -94.8% |
| 2016 | 0.7% | +438.0% |
| 2017 | 0.9% | +18.4% |
| 2018 | 0.8% | -13.0% |
| 2019 | -0.4% | -146.6% |
| 2020 | -1.6% | +336.6% |
| 2021 | 1.6% | -205.2% |
| 2022 | 2.9% | +75.4% |
| 2023 | 1.5% | -48.0% |
| 2024 | 0.7% | -53.4% |
| 2025 | -0.2% | -127.3% |
Panama compared with similar countries
- Panama's -0.2% is below the median for high income countries, which is 2.3%. (67 countries reporting)
- Panama's -0.2% is below the median for Latin America & Caribbean, which is 2.6%. (36 countries reporting)
Biggest year-on-year movements
Years where Inflation, consumer prices (annual %) (International Financial) in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +1601.0% | -0.1% | 1.0% |
| 1961 | +1099.4% | 0.1% | 0.6% |
| 1967 | +611.1% | 0.2% | 1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.0% | 0.1% | 2.4% | 10 |
| 1970s | 6.0% | 1.9% | 16.3% | 10 |
| 1980s | 3.2% | -0.1% | 13.8% | 10 |
| 1990s | 1.1% | 0.5% | 1.8% | 10 |
| 2000s | 2.4% | 0.3% | 8.8% | 10 |
| 2010s | 2.4% | -0.4% | 5.9% | 10 |
| 2020s | 0.8% | -1.6% | 2.9% | 6 |
Countries ranked near Panama
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is inflation, consumer prices in Panama?
- Inflation, consumer prices in Panama was -0.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Panama?
- The highest recorded value was 16.3% in 1974.
- What is the lowest inflation, consumer prices recorded in Panama?
- The lowest recorded value was -1.6% in 2020.
- How does Panama rank for inflation, consumer prices?
- Panama ranks 182nd out of 192 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Panama?
- Over the last ten years it is down 237.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.