Panama Inflation Rate 1960-2024

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. The Laspeyres formula is generally used.
  • Panama inflation rate for 2022 was 2.86%, a 1.23% increase from 2021.
  • Panama inflation rate for 2021 was 1.63%, a 3.18% increase from 2020.
  • Panama inflation rate for 2020 was -1.55%, a 1.2% decline from 2019.
  • Panama inflation rate for 2019 was -0.36%, a 1.12% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Trinidad and Tobago 5.83%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Kuwait 3.98%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
San Marino 0.00%
Isle of Man 0.00%
Argentina 0.00%
Barbados 0.00%
Faroe Islands 0.00%
Monaco 0.00%
Turks and Caicos Islands 0.00%
Bermuda 0.00%
Cayman Islands 0.00%
St. Martin (French part) 0.00%
Seychelles 0.00%
Andorra 0.00%
Curacao 0.00%
French Polynesia 0.00%
Sint Maarten (Dutch part) 0.00%
Aruba 0.00%
Guam 0.00%
Virgin Islands (U.S.) 0.00%
Channel Islands 0.00%
Greenland 0.00%
British Virgin Islands 0.00%
New Caledonia 0.00%
Puerto Rico 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Panama Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 2.86% 1.23%
2021 1.63% 3.18%
2020 -1.55% -1.20%
2019 -0.36% -1.12%
2018 0.76% -0.11%
2017 0.88% 0.14%
2016 0.74% 0.60%
2015 0.14% -2.49%
2014 2.63% -1.40%
2013 4.03% -1.67%
2012 5.70% -0.18%
2011 5.88% 2.38%
2010 3.49% 1.08%
2009 2.41% -6.35%
2008 8.76% 4.59%
2007 4.17% 1.71%
2006 2.46% -0.72%
2005 3.18% 3.00%
2004 0.18% -0.21%
2003 0.39% -0.61%
2002 1.01% 0.70%
2001 0.31% -1.19%
2000 1.50% 0.25%
1999 1.25% 0.69%
1998 0.56% -0.77%
1997 1.32% 0.07%
1996 1.26% 0.26%
1995 0.99% -0.27%
1994 1.27% 0.81%
1993 0.45% -1.37%
1992 1.82% 0.57%
1991 1.26% 0.49%
1990 0.77% 0.56%
1989 0.21% -0.15%
1988 0.36% -0.64%
1987 1.00% 1.06%
1986 -0.07% -1.09%
1985 1.03% -0.56%
1984 1.58% -0.52%
1983 2.10% -2.15%
1982 4.25% -3.05%
1981 7.30% -6.51%
1980 13.81% 5.82%
1979 7.99% 3.79%
1978 4.20% -0.39%
1977 4.59% 0.64%
1976 3.95% -1.93%
1975 5.88% -10.39%
1974 16.27% 9.41%
1973 6.86% 1.45%
1972 5.41% 3.49%
1971 1.92% -1.16%
1970 3.08% 1.26%
1969 1.83% 0.21%
1968 1.62% 0.24%
1967 1.38% 1.18%
1966 0.19% -0.27%
1965 0.46% -1.95%
1964 2.41% 1.96%
1963 0.45% -0.34%
1962 0.79% 0.17%
1961 0.61% 0.56%
1960 0.05% 0.56%