Panama — Inflation
Inflation, Consumer Prices (Annual %) for Panama, 1960–2025.
Inflation for Panama was -0.19% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 16.27% in 1974. The lowest was -1.55% in 2020 (about 8.2× the latest value).
Panama ranks 178 of 187 economies on this measure (1 = highest), putting it in the top 95%. The median for Latin America & Caribbean is 2.53%, so Panama sits below it. It peaked in 1974 and has fallen 101% since. Over the last decade (2015–2025) the figure moved down 238%. Within Latin America & Caribbean it ranks 33 of 33 economies; Costa Rica (-0.07%) is just above it. Its sharpest one-year move was up 1642% in 2005. That is 129% below this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1961; grown tenfold by 1961.
World ranking. Slipped: 56th of 63 in 1960 → 61st of 92 in 1970 → 54th of 106 in 1980 → 124th of 131 in 1990 → 127th of 163 in 2000 → 88th of 186 in 2010 → 172nd of 178 in 2020 → 161st of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | -0.19% | -0.9 pp |
| 2024 | 0.69% | -0.8 pp |
| 2023 | 1.49% | -1.4 pp |
| 2022 | 2.86% | +1.2 pp |
| 2021 | 1.63% | +3.2 pp |
| 2020 | -1.55% | -1.2 pp |
| 2019 | -0.36% | -1.1 pp |
| 2018 | 0.76% | -0.1 pp |
| 2017 | 0.88% | +0.1 pp |
| 2016 | 0.74% | +0.6 pp |
| 2015 | 0.14% | -2.5 pp |
| 2014 | 2.63% | -1.4 pp |
| 2013 | 4.03% | -1.7 pp |
| 2012 | 5.7% | -0.2 pp |
| 2011 | 5.88% | +2.4 pp |
| 2010 | 3.49% | +1.1 pp |
| 2009 | 2.41% | -6.3 pp |
| 2008 | 8.76% | +4.6 pp |
| 2007 | 4.17% | +1.7 pp |
| 2006 | 2.46% | -0.7 pp |
| 2005 | 3.18% | +3.0 pp |
| 2004 | 0.18% | -0.2 pp |
| 2003 | 0.39% | -0.6 pp |
| 2002 | 1.01% | +0.7 pp |
| 2001 | 0.31% | -1.2 pp |
| 2000 | 1.5% | +0.3 pp |
| 1999 | 1.25% | +0.7 pp |
| 1998 | 0.56% | -0.8 pp |
| 1997 | 1.32% | +0.1 pp |
| 1996 | 1.26% | +0.3 pp |
| 1995 | 0.99% | -0.3 pp |
| 1994 | 1.27% | +0.8 pp |
| 1993 | 0.45% | -1.4 pp |
| 1992 | 1.82% | +0.6 pp |
| 1991 | 1.26% | +0.5 pp |
| 1990 | 0.77% | +0.6 pp |
| 1989 | 0.21% | -0.2 pp |
| 1988 | 0.36% | -0.6 pp |
| 1987 | 1% | +1.1 pp |
| 1986 | -0.07% | -1.1 pp |
| 1985 | 1.03% | -0.6 pp |
| 1984 | 1.58% | -0.5 pp |
| 1983 | 2.1% | -2.1 pp |
| 1982 | 4.25% | -3.1 pp |
| 1981 | 7.3% | -6.5 pp |
| 1980 | 13.81% | +5.8 pp |
| 1979 | 7.99% | +3.8 pp |
| 1978 | 4.2% | -0.4 pp |
| 1977 | 4.59% | +0.6 pp |
| 1976 | 3.95% | -1.9 pp |
| 1975 | 5.88% | -10.4 pp |
| 1974 | 16.27% | +9.4 pp |
| 1973 | 6.86% | +1.4 pp |
| 1972 | 5.41% | +3.5 pp |
| 1971 | 1.92% | -1.2 pp |
| 1970 | 3.08% | +1.3 pp |
| 1969 | 1.83% | +0.2 pp |
| 1968 | 1.62% | +0.2 pp |
| 1967 | 1.38% | +1.2 pp |
| 1966 | 0.19% | -0.3 pp |
| 1965 | 0.46% | -2.0 pp |
| 1964 | 2.41% | +2.0 pp |
| 1963 | 0.45% | -0.3 pp |
| 1962 | 0.79% | +0.2 pp |
| 1961 | 0.61% | +0.6 pp |
| 1960 | 0.05% | — |
Frequently asked questions
What was Panama’s Inflation in 1961?
0.61% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Panama’s Inflation growing or shrinking?
Between 1960 and 2025 the series was shrinking overall: -467.3% in total.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: -0.19%; 2024: 0.69%; 2023: 1.49%; 2022: 2.86%; 2021: 1.63%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.