Panama - Inflation, consumer prices (annual %) 1960 - 2022
Panama's inflation, consumer prices (annual %) is currently 2.86%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Panama's inflation, consumer prices (annual %) for 2022 was 2.857%, a 75.23% increase from 2021, with a +1 difference.
- In 2021 it was 1.631%, a 205.19% increase from 2020, with a +3 difference.
- In 2020 it was -1.55%, a -336.59% increase from 2019.
- In 2019 it was -0.355%, a -146.62% increase from 2018.
- In 2018 it was 0.762%, a -13.02% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Panama is currently 2.5974% (average of years with recorded data) with a lowest recorded value of -1.5503% in 2020 and a highest value of 16.2681% in 1974.
Panama's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 0.051% | |
| 1961 | 0.614% | 1,099.39% |
| 1962 | 0.788% | 28.38% |
| 1963 | 0.45% | -42.91% |
| 1964 | 2.414% | 436.48% |
| 1965 | 0.462% | -80.87% |
| 1966 | 0.193% | -58.09% |
| 1967 | 1.376% | 611.12% |
| 1968 | 1.619% | 17.68% |
| 1969 | 1.828% | 12.88% |
| 1970 | 3.083% | 68.71% |
| 1971 | 1.92% | -37.74% |
| 1972 | 5.41% | 181.80% |
| 1973 | 6.856% | 26.75% |
| 1974 | 16.268% | 137.27% |
| 1975 | 5.881% | -63.85% |
| 1976 | 3.95% | -32.84% |
| 1977 | 4.586% | 16.09% |
| 1978 | 4.201% | -8.40% |
| 1979 | 7.989% | 90.19% |
| 1980 | 13.808% | 72.84% |
| 1981 | 7.302% | -47.11% |
| 1982 | 4.251% | -41.79% |
| 1983 | 2.103% | -50.53% |
| 1984 | 1.583% | -24.74% |
| 1985 | 1.027% | -35.13% |
| 1986 | -0.066% | -106.47% |
| 1987 | 0.996% | 1,601.00% |
| 1988 | 0.359% | -63.95% |
| 1989 | 0.206% | -42.69% |
| 1990 | 0.769% | 273.78% |
| 1991 | 1.256% | 63.26% |
| 1992 | 1.825% | 45.23% |
| 1993 | 0.454% | -75.12% |
| 1994 | 1.268% | 179.43% |
| 1995 | 0.994% | -21.62% |
| 1996 | 1.256% | 26.30% |
| 1997 | 1.324% | 5.47% |
| 1998 | 0.559% | -57.78% |
| 1999 | 1.247% | 123.08% |
| 2000 | 1.499% | 20.19% |
| 2001 | 0.307% | -79.51% |
| 2002 | 1.006% | 227.57% |
| 2003 | 0.392% | -61.06% |
| 2004 | 0.183% | -53.37% |
| 2005 | 3.182% | 1,642.27% |
| 2006 | 2.458% | -22.75% |
| 2007 | 4.169% | 69.60% |
| 2008 | 8.759% | 110.11% |
| 2009 | 2.409% | -72.50% |
| 2010 | 3.491% | 44.92% |
| 2011 | 5.876% | 68.30% |
| 2012 | 5.698% | -3.02% |
| 2013 | 4.027% | -29.33% |
| 2014 | 2.627% | -34.78% |
| 2015 | 0.136% | -94.81% |
| 2016 | 0.74% | 442.33% |
| 2017 | 0.876% | 18.36% |
| 2018 | 0.762% | -13.02% |
| 2019 | -0.355% | -146.62% |
| 2020 | -1.55% | -336.59% |
| 2021 | 1.631% | 205.19% |
| 2022 | 2.857% | 75.23% |
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Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Panama comes in 27th with 2.857% inflation, consumer prices (annual %).
- Within the same region, El Salvador comes in 17th with 7.199%, inflation, consumer prices (annual %).
- Guatemala comes in 18th with 6.885%.
- St. Lucia comes in 19th with 6.378%.
- St. Vincent and the Grenadines comes in 20th with 5.66%.
- Bahamas, The comes in 21st with 5.605%.
- Guyana comes in 22nd with 5.033%.
- Aruba comes in 23rd with 4.257%.
- Barbados comes in 24th with 4.1%.
- Ecuador comes in 25th with 3.466%.
- Belize comes in 26th with 3.236%.
- St. Kitts and Nevis comes in 28th with 2.667%.
- Curacao comes in 29th with 2.622%.
- Sint Maarten (Dutch part) comes in 30th with 2.192%.
- Trinidad and Tobago comes in 31st with 2.059%.
- Bolivia comes in 32nd with 1.746%.
- Grenada comes in 33rd with 1.22%.
- Cayman Islands comes in 34th with -0.625%.
- And Dominica comes in 35th with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Panama comes in 50th with 2.857% inflation, consumer prices (annual %).
- Within the same income group, Korea, Rep. comes in 40th with 5.088%, inflation, consumer prices (annual %).
- Guyana comes in 41st with 5.033%.
- Qatar comes in 42nd with 4.995%.
- United Arab Emirates comes in 43rd with 4.828%.
- Israel comes in 44th with 4.394%.
- Aruba comes in 45th with 4.257%.
- Barbados comes in 46th with 4.1%.
- Brunei Darussalam comes in 47th with 3.682%.
- Bahrain comes in 48th with 3.626%.
- Kuwait comes in 49th with 3.424%.
- Switzerland comes in 51st with 2.835%.
- Oman comes in 52nd with 2.812%.
- St. Kitts and Nevis comes in 53rd with 2.667%.
- Curacao comes in 54th with 2.622%.
- Japan comes in 55th with 2.498%.
- Saudi Arabia comes in 56th with 2.474%.
- Sint Maarten (Dutch part) comes in 57th with 2.192%.
- Trinidad and Tobago comes in 58th with 2.059%.
- Hong Kong SAR, China comes in 59th with 1.881%.
- And San Marino comes in 60th with 1.046%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |