Panama Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Panama's inflation rate was -0.05% in 2025, ranked 187th globally. This represents a 107.4% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Panama's inflation rate stood at -0.05% in 2025, a decline of +0.74pp from 2024. The IMF projects -0.05% by 2025. Panama ranked 187th globally.
Panama's inflation rate has experienced significant fluctuations over the 66 years of recorded data, with a notable all-time peak of 16.27% in 1974. In contrast, the country's most recent inflation rate stands at -0.05% as of 2025, ranking 187th globally. This deflationary trend is also observed in peer countries such as China, which has an inflation rate of 0.01%. The all-time trough of -1.55% was reached in 2020, highlighting the variability of Panama's inflation rate over time. Compared to other peer countries like Fiji, which has an inflation rate of 0.10%, Panama's current inflation rate is relatively low. As the global economy continues to evolve, a shift in trade policies or a significant change in commodity prices could alter the trajectory of Panama's inflation rate, potentially leading to an upward trend in the future.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.00% | - | - |
| 2029* IMF | 2.00% | - | - |
| 2028* IMF | 2.00% | - | - |
| 2027* IMF | 2.00% | - | - |
| 2026* IMF | 2.00% | - | - |
| 2025* IMF | -0.05% | - | - |
| 2025 | -0.05% | −0.74pp | #187 |
| 2024 | 0.69% | −0.79pp | #15 |
| 2023 | 1.49% | −1.37pp | #12 |
| 2022 | 2.86% | +1.23pp | #19 |
| 2021 | 1.63% | +3.18pp | #35 |
| 2020 | -1.55% | −1.20pp | #7 |
| 2019 | -0.36% | −1.12pp | #12 |
| 2018 | 0.76% | −0.11pp | #22 |
| 2017 | 0.88% | +0.14pp | #39 |
| 2016 | 0.74% | +0.60pp | #77 |
| 2015 | 0.14% | −2.49pp | #57 |
| 2014 | 2.63% | −1.40pp | #108 |
| 2013 | 4.03% | −1.67pp | #124 |
| 2012 | 5.70% | −0.18pp | #139 |
| 2011 | 5.88% | +2.38pp | #131 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's inflation rate was -0.05% in 2025. Ranked 187th globally. This represents a 107.4% decrease from the previous year.
Panama's inflation rate peaked at 16.27% in 1974.
The lowest inflation rate in Panama was -1.55% in 2020.
Panama ranks 187th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Panama's inflation rate is projected to reach -0.05% by 2025 based on IMF projection.
The inflation rate of Panama in 2025 was -0.05%. This ranks 187th in the world.
Cite this page
@misc{historysaid_panama_inflation-rate,
title = {Panama Inflation Rate},
url = {https://historysaid.com/panama/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}