Annual inflation, consumer prices in Panama

Panama: Annual inflation, consumer prices was 0.7% in 2024. β—† Volatile

Latest (2024)
0.7%
Change on year
down 53.4%
World rank
171st
of 187 countries
All-time high
8.8%
in 2008
All-time low
-1.6%
in 2020
Years of data
25
2000–2024

Annual inflation, consumer prices in Panama, 2000–2024

-2.502.557.5102000201220242000: 1.5 %2001: 0.307 %2002: 1 %2003: 0.392 %2004: 0.475 %2005: 2.9 %2006: 2.5 %2007: 4.2 %2008: 8.8 %2009: 2.4 %2010: 3.5 %2011: 5.9 %2012: 5.7 %2013: 4 %2014: 2.6 %2015: 0.137 %2016: 0.74 %2017: 0.876 %2018: 0.762 %2019: -0.355 %2020: -1.6 %2021: 1.6 %2022: 2.9 %2023: 1.5 %2024: 0.693 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

Panama recorded 0.7% for annual inflation, consumer prices in 2024.

The figure is down 53.4% on the previous year and down 73.6% over ten years.

Over the whole period, annual inflation, consumer prices in Panama peaked at 8.8% in 2008 and was at its lowest, -1.6%, in 2020.

Panama ranks 171st of 187 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.4% 0.3% 8.8% 10
2010s 2.4% -0.4% 5.9% 10
2020s 1.0% -1.6% 2.9% 5

Countries ranked near Panama

  1. 168 Cambodia 0.8% compare
  2. 169 Senegal 0.8% compare
  3. 170 Lithuania 0.7% compare
  4. 172 Papua New Guinea 0.6% compare
  5. 173 Oman 0.6% compare
  6. 174 New Caledonia 0.6% compare

See the full ranking of 223 places β†’

More development goals data for Panama

All data for Panama β†’

Frequently asked questions

What is annual inflation, consumer prices in Panama?
Annual inflation, consumer prices in Panama was 0.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in Panama?
The highest recorded value was 8.8% in 2008.
What is the lowest annual inflation, consumer prices recorded in Panama?
The lowest recorded value was -1.6% in 2020.
How does Panama rank for annual inflation, consumer prices?
Panama ranks 171st out of 187 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in Panama?
Over the last ten years it is down 73.6%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in Panama. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/panama/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed