Panama Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Panama including its PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
Panama, officially the Republic of Panama, is the southernmost country of Central America and the whole of North America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north and the Pacific Ocean to the south. The capital is Panama City.
Panama - Snapshot
Panama is estimated to have a population of 4.453 million in the year 2023 and is expected to reach 4.677 million by 2027, increasing at a CAGR of 1.23%.
Panama’s real gross domestic product (GDP) was USD 35.32 billion in 2020 and while recovering from the COVID-19 impact it increased by 13.30% to be around USD 40.736 billion in 2021. It is further expected to increase by 4.91% and reach USD 54.325 billion by 2027.
Panama’s unemployment rate was 18.548% of the total labor force in 2020. Despite the slowdown in global economic activity due to the COVID-19 pandemic, unemployment in Panama decreased by 64.24% and reached 11.293% in 2021. Unemployment is further estimated to decrease by a CAGR of 2.07% and reach 9.963% of the total labor force in Panama by 2027.
Panama’s per capita GDP was estimated at USD 16,172.62 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 36,370.38 for the year 2022.
In 2022, Panama's government’s revenue was USD 14 billion whereas the expenditure was USD 16.867 billion. This resulted in Panama's government’s net lending / borrowing negative at USD 2.867 billion in 2022 indicating that not enough financial resources were made available by the Panama government to boost economic growth.
The current account balance for Panama was estimated to be negative at USD 2.624 billion for the year 2022 and is expected to further increase at a CAGR of 3.62% and reach negative USD 2.462 billion by 2027. This negative current account balance indicates that Panama will remain a net borrower from the rest of the world till 2027.
Scope of Panama Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- This report provides information about key macroeconomic indicators for Panama.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Panama.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Panama.
- This report provides a risk analysis for Panama.
- This report provides information on Coronavirus (COVID-19) pandemic related policy response in Panama.
Table of Contents
1. Executive Summary
- Scope of Panama Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- Research Methodology
2. PESTLE Analysis of Panama
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment / Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending / Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Employment
2.3.3 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT Analysis of Panama
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. Risk Analysis of Panama
5. COVID-19 Related Policy Response of Panama
5.1 Coronavirus (COVID-19) Containment Measures of Panama
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Panama
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Panama
5.4 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Panama
Notes
Company Information
List of Exhibits
Exhibit 2.1 Real GDP of Panama (in USD billion) 2020-2027
Exhibit 2.2 Nominal GDP of Panama (in USD billion) 2020-2027
Exhibit 2.3 GDP Deflator Index for Panama 2020-2027
Exhibit 2.4 Per Capita GDP of Panama (in USD) 2020-2027
Exhibit 2.5 PPP Per Capita GDP of Panama (in USD) 2020-2027
Exhibit 2.6 Total Investment of Panama (in %) 2020-2027
Exhibit 2.7 Gross National Savings of Panama (in %) 2020-2027
Exhibit 2.8 Consumer Price Index (CPI) Inflation of Panama 2020-2027
Exhibit 2.9 Change in Import Volume of Goods & Services of Panama (in %) 2020-2027
Exhibit 2.10 Change in Export Volume of Goods & Services of Panama (in %) 2020-2027
Exhibit 2.11 Government Revenue of Panama (in USD billion) 2020-2027
Exhibit 2.12 Government Revenue of Panama (in % of GDP) 2020-2027
Exhibit 2.13 Government Expenditure of Panama (in USD billion) 2020-2027
Exhibit 2.14 Government Expenditure of Panama (in % of GDP) 2020-2027
Exhibit 2.15 Government Net Lending / Borrowing of Panama (in USD billion) 2020-2027
Exhibit 2.16 Government Net Lending / Borrowing of Panama (in % of GDP) 2020-2027
Exhibit 2.17 Government Gross Debt of Panama (in USD billion) 2020-2027
Exhibit 2.18 Government Gross Debt of Panama (in % of GDP) 2020-2027
Exhibit 2.19 Government Net Debt of Panama (in USD billion) 2020-2027
Exhibit 2.20 Government Net Debt of Panama (in % of GDP) 2020-2027
Exhibit 2.21 Current Account Balance of Panama (in USD billion) 2020-2027
Exhibit 2.22 Current Account Balance of Panama (in % of GDP) 2020-2027
Exhibit 2.23 Panama - Top 10 Export Countries (in USD billion) & % Share 2021
Exhibit 2.24 Panama - Top 10 Import Countries (in USD billion) & % Share 2021
Exhibit 2.25 Population of Panama (in million) 2020-2027
Exhibit 2.26 People Employment in Panama (in million) 2020-2023
Exhibit 2.27 Unemployment Level in Panama (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Panama
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by Panama
Samples
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