Inflation, GDP deflator in Panama
Panama: Inflation, GDP deflator was 0.2% in 2025. ◆ Volatile
Inflation, GDP deflator in Panama, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
Panama recorded 0.2% for inflation, gdp deflator in 2025.
Compared with earlier readings it is down 59.3% on the previous year and down 93.6% over ten years.
Over the whole period, inflation, gdp deflator in Panama peaked at 11.6% in 1974 and was at its lowest, -7.7%, in 1996.
Panama ranks 188th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Panama, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 0.5% | — |
| 1962 | 0.6% | +6.9% |
| 1963 | 2.1% | +270.3% |
| 1964 | 2.8% | +33.4% |
| 1965 | 0.6% | -78.0% |
| 1966 | 1.3% | +106.1% |
| 1967 | 2.6% | +102.6% |
| 1968 | 0.6% | -78.2% |
| 1969 | 1.2% | +114.2% |
| 1970 | 3.4% | +183.3% |
| 1971 | 2.9% | -15.2% |
| 1972 | 5.0% | +72.1% |
| 1973 | 8.5% | +70.9% |
| 1974 | 11.6% | +35.9% |
| 1975 | 9.4% | -19.2% |
| 1976 | 4.5% | -51.7% |
| 1977 | 4.7% | +2.7% |
| 1978 | 7.9% | +70.1% |
| 1979 | 9.2% | +16.7% |
| 1980 | 10.1% | +9.7% |
| 1981 | 3.6% | -64.1% |
| 1982 | 4.9% | +33.8% |
| 1983 | 7.5% | +53.9% |
| 1984 | 1.6% | -78.3% |
| 1985 | 0.8% | -50.3% |
| 1986 | 0.3% | -58.2% |
| 1987 | 2.3% | +576.4% |
| 1988 | -0.2% | -108.4% |
| 1989 | -1.3% | +565.1% |
| 1990 | 0.6% | -144.3% |
| 1991 | 0.5% | -12.8% |
| 1992 | 5.1% | +927.0% |
| 1993 | 3.6% | -29.8% |
| 1994 | 3.7% | +3.5% |
| 1995 | 0.5% | -87.3% |
| 1996 | -7.7% | -1749.1% |
| 1997 | 1.5% | -120.0% |
| 1998 | 1.1% | -30.2% |
| 1999 | 0.6% | -46.3% |
| 2000 | -1.5% | -364.1% |
| 2001 | 1.4% | -193.9% |
| 2002 | 1.9% | +33.9% |
| 2003 | 1.1% | -41.7% |
| 2004 | 2.6% | +134.1% |
| 2005 | 1.7% | -35.9% |
| 2006 | 2.2% | +29.8% |
| 2007 | 2.9% | +31.4% |
| 2008 | 7.5% | +161.6% |
| 2009 | 6.3% | -15.3% |
| 2010 | 2.6% | -59.7% |
| 2011 | 5.5% | +115.1% |
| 2012 | 6.3% | +15.1% |
| 2013 | 6.2% | -2.5% |
| 2014 | 4.7% | -23.8% |
| 2015 | 3.0% | -35.8% |
| 2016 | 2.5% | -17.9% |
| 2017 | 1.8% | -27.5% |
| 2018 | 0.7% | -61.0% |
| 2019 | 0.5% | -23.1% |
| 2020 | -0.5% | -191.9% |
| 2021 | 1.4% | -386.0% |
| 2022 | 2.2% | +55.2% |
| 2023 | 2.3% | +2.9% |
| 2024 | 0.5% | -79.0% |
| 2025 | 0.2% | -59.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.4% | 0.5% | 2.8% | 9 |
| 1970s | 6.7% | 2.9% | 11.6% | 10 |
| 1980s | 3.0% | -1.3% | 10.1% | 10 |
| 1990s | 0.9% | -7.7% | 5.1% | 10 |
| 2000s | 2.6% | -1.5% | 7.5% | 10 |
| 2010s | 3.4% | 0.5% | 6.3% | 10 |
| 2020s | 1.0% | -0.5% | 2.3% | 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)
- GNI, Atlas method (current US$), annual growth rate 7.89 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 19,135 current US$ per person (2025)
- GNI (current US$), annual growth rate 5.12 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9515 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 18,830 current US$ per person (2025)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is inflation, gdp deflator in Panama?
- Inflation, gdp deflator in Panama was 0.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Panama?
- The highest recorded value was 11.6% in 1974.
- What is the lowest inflation, gdp deflator recorded in Panama?
- The lowest recorded value was -7.7% in 1996.
- How does Panama rank for inflation, gdp deflator?
- Panama ranks 188th out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Panama?
- Over the last ten years it is down 93.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.