Panama Inflation Rate 1960-2022

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 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.
  • Panama inflation rate for 2018 was 0.76%, a 0.11% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 7.75%
Hungary 5.11%
Poland 5.06%
United States 4.70%
Lithuania 4.68%
Estonia 4.65%
Chile 4.52%
Iceland 4.44%
New Zealand 3.94%
Czech Republic 3.84%
Norway 3.48%
Kuwait 3.42%
Canada 3.40%
Latvia 3.28%
Slovak Republic 3.15%
Germany 3.14%
Spain 3.09%
Saudi Arabia 3.06%
Bahamas 2.90%
Australia 2.86%
Austria 2.77%
Netherlands 2.68%
Palau 2.66%
Croatia 2.55%
Luxembourg 2.53%
United Kingdom 2.52%
South Korea 2.50%
Cyprus 2.45%
Belgium 2.44%
Ireland 2.36%
Singapore 2.30%
Qatar 2.30%
Finland 2.19%
Sweden 2.16%
Antigua and Barbuda 2.06%
Slovenia 1.92%
Italy 1.87%
Denmark 1.85%
Brunei 1.73%
France 1.64%
Panama 1.63%
Hong Kong 1.57%
Oman 1.55%
Malta 1.50%
Israel 1.49%
Portugal 1.27%
Greece 1.22%
St. Kitts and Nevis 1.20%
Switzerland 0.58%
Japan -0.23%
Bahrain -0.61%
Panama Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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% -0.40%
2005 2.86% 2.38%
2004 0.47% 0.08%
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%