Lewes, DE — 12/19/2017 — As per International Monetary Fund (IMF) Panama's nominal gross domestic product is expected to grow at a CAGR of 8.09% from it's 2015 level of PAB 52.132 billion and reach PAB 89.843 billion by 2022.
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. In 2013, Panama ranked 5th among Latin American countries in terms of the Human Development Index, and 59th in the world. Since 2010, Panama remains as the second most competitive economy in Latin America according to the Global Competitiveness Index from the World Economic Forum.
Panama had estimated population of 4.037 million in the year 2016 and expected to reach 4.451 million by 2022. Panamas unemployment rate was 5.494% of total labor force.
Panamas real gross domestic product (GDP) was around PAB 37.518 billions in 2016 whereas the nominal GDP was PAB 55.122 billions. This resulted in GDP deflator 146.921. Per capita GDP was estimated at USD 13654.07 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 23023.89.
In 2016, Panama governments revenue was PAB 11.318 billions whereas the expenditure was PAB 12.544 billions. This resulted Panama governments net lending / borrowing negative at PAB 1.226 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Panama was estimated to be negative at USD 2.94 billions for the year 2016 and is expected to decline at a CAGR of 4.90% and reach USD 2.672 by 2022. This negative current account balance indicates the Panama is a net borrower from the whole world.
Scope of the Panama PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
– These reports provide information about key macroeconomic indicators for Panama.
– These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Panama.
– These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Panama.
– These reports provide risk analysis for Panama.
For more information and to purchase Panama PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/panama-pestel-analysis-market-research-report
For more information and to purchase Panama SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/panama-swot-analysis-market-research-report
For more information and to purchase Panama Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/panama-risk-analysis-market-research-report
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