Panama: Inflation, consumer prices (annual % growth)

Key figures

What the numbers say

In 2025, Panama's inflation, consumer prices (annual % growth) fell 0.88 percentage points on 2024 (from 0.69% to -0.19%).

Across the 30 yearly changes before that (1995 to 2024), the average change was −0.02 percentage points and a typical year strayed about 1.97 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 9.41 percentage points in 1974 and the biggest yearly fall was 10.39 percentage points in 1975. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Panama had the 162nd highest value of the 169 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Panama in the 2025 ranking

• Costa Rica — 158th of 169: -0.07%
• Thailand — 159th of 169: -0.13%
• Bahrain — 160th of 169: -0.14%
• Brunei Darussalam — 162nd of 169: -0.3%
• Djibouti — 163rd of 169: -0.31%
• Palau — 164th of 169: -0.42%

What this measures

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.

Regional and income-group figures are computed by the World Bank as a median.

All 66 values

Inflation, consumer prices (annual % growth) in nearby economies

• Antigua and Barbuda — 1.37% (2025)
• Aruba — 4.26% (2019)
• Bahamas, The — 1.11% (2025)
• Barbados — 0.85% (2025)
• Belize — 1.06% (2025)
• Bolivia — 19.52% (2025)
• Brazil — 5.02% (2025)
• Chile — 4.21% (2025)
• Colombia — 5.14% (2025)
• Costa Rica — -0.07% (2025)

More financial sector data for Panama

• Domestic credit to private sector by banks (% of GDP) — 66.84% (2025)
• Net domestic credit (current LCU) — 66.25 billion (2025)
• Net foreign assets (current LCU) — 8.29 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 73.56% (2025)
• Consumer price index (2010 = 100) — 128.14 (2025)
• Claims on central government, etc. (% of GDP) — -1.17% (2025)
• GDP deflator (base year varies by country) — 106.74 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average) — US$1 (2025)
• Inflation, GDP deflator (annual % growth)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Panama's inflation, consumer prices (annual % growth)?

-0.19% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is down 0.24 percentage points from 0.05% in 1960. The highest value was 16.27% in 1974 and the lowest -1.55% in 2020.

How does Panama rank?

162nd highest of 169 economies with data for 2025.

Is the latest change in inflation, consumer prices (annual % growth) unusual for Panama?

In 2025, Panama's inflation, consumer prices (annual % growth) fell 0.88 percentage points on 2024 (from 0.69% to -0.19%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.02 percentage points and a typical year strayed about 1.97 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FP.CPI.TOTL.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.