PANAMA: SELECTED ECONOMIC DATA; PANDAT: LAC/DPP 05/13/94
Prel.
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993
POPULATION
Thousands 2122 2167 2212 2257 2303 2350 2398 2443 2488 2533
Growth Rate (%) 2.1 2.1 2.1 2.0 2.0 2.0 2.0 1.9 1.8 1.8
NATIONAL ACCOUNTS
GDP, current prices (m. balboas) 4566 4948 5191 5363 4605 4639 5009 5496 6001 6562
GDP, 1980 prices (m. balboas) 3911 4095 4234 4331 3655 3640 3807 4173 4532 4799
Real GDP Growth Rate (%) -.4 4.7 3.4 2.3 -15.6 -.4 4.6 9.6 8.6 5.9
Real Per Cap. GDP (1980 balb.) 1843. 1890. 1914. 1919. 1587. 1549. 1588. 1708. 1822. 1895.
Real Per Cap. GDP Growth Rate (%) -2.5 2.5 1.3 .3 -17.3 -2.4 2.5 7.6 6.6 4.0
Gross Dom. Investment/GDP (%) 16.7 15.4 16.7 17.5 6.9 3.50 17.10 18.0 22.70 20.70
Private 9.8 10.6 12.6 13.8 5.4 2.10 16.30 15.80 19.20 16.50
Public 6.90 4.80 4.10 3.70 1.50 1.40 .80 2.20 3.50 4.20
Gross National Savings/GDP (%) 13.7 12.5 17.5 16.9 14.0 5.70 14.80 14.40 17.20 15.0
Private 11.2 9.3 14.0 13.9 19.6 11.90 16.70 13.8 12.60 13.50
Public 2.5 3.2 3.5 3.0 -5.6 -6.2 -1.9 .6 5.0 1.5
Foreign Savings/GDP (%) 3.0 2.9 -.8 .6 -7.1 -2.2 2.3 3.6 5.5 5.7
PRICES
GDP Price Deflator (1970 = 100) 116.7 120.8 122.6 123.8 126.0 127.4 131.6 131.7 132.4 136.7
Annual Change (%) 4.8 3.5 1.5 1.0 1.7 1.2 3.2 .1 .5 3.3
Consumer Prices (Dec. 1980 = 100) 111.4 112.6 112.5 113.6 114.3 114.2 115.1 116.6 118.70 119.30
Annual Change (%) 1.5 1.1 -.1 1.0 .6 -.1 .8 1.3 1.8 .5
BALANCE OF PAYMENTS (US$ m.)
Current Account Balance -280 -287 -98 -147 316 108 -234 -314 -458 -481
Exports, FOB 286 313 359 371 427 437 478 485 515 496
Imports, FOB 1018 1045 1021 1050 682 804 1159 1354 1582 1708
Trade Balance -732 -732 -662 -679 -255 -367 -681 -869 -1067 -1212
Petroleum Trade, net -173 -199 -122 -125 -82 -109 -149 -168 -186 -193
Services, net 657 675 713 708 693 620 618 739 822 951
Private Transfers, net -32 -31 -27 -51 -40 -36 -22 -16 -27 -27
Capital Account Balance [a] 280 269 -116 -517 -1648 -930 21 2 634 166
Official Transfers, net 144 140 122 114 112 106 120 129 151
Direct Investment, net 6 57 -61 50 -47 36 -18 -37 -2
Direct Private Borrowing, net -56 -68 -12 0 -74 -54 148 22 20
Priv. Banks' Mon. Mvmts., net 73 0 0 308 281 -69 -577 -491 -384
Official, net 99 -191 -276 -419 -1073 -580 27 -183 213
Other Off. Bank Trans., net 17 -13 -5 -44 -11 -20 -9 -4 -16
Other Private, incl. E&O, net -3 344 116 -526 -836 -349 330 566 652
Overall Balance 0 -18 -214 -664 -1332 -822 -213 -312 176 -315
EXTERNAL PUBLIC DEBT
Debt Outstanding, 12/31 (US$ m.) [b] 3603 3546 3767 4139 4686 5035 5183
Debt Outstanding/GDP 78.9 71.7 72.6 77.2 101.8 108.5 79.0
Debt Service/Exports [c] 33.6 38.9 45.1 47.7 84.0 55.40 40.2 35.4 29.7 27.8
CONSOL. NONFIN. PUB. SECTOR (% of GDP)
Current Revenues and Transfers 31.2 31.3 31.4 31.2 23.2 23.6 28.5 30.1 32.4 30.80
Current Expenditures 29.2 28.0 27.1 28.2 32.6 33.8 30.4 29.5 27.8 29.30
Curr. Surplus/Deficit incl. Grants 2.0 3.3 4.4 3.0 -9.4 -10.2 -1.9 .6 4.6 1.50
Capital Revenue .0 .0 .0 .0 .0 .0 .0 .3 .5 .4
Capital Expenditures/Net Lending 8.0 4.9 4.8 4.0 1.3 1.2 .8 2.2 3.5 4.20
Overall Surplus/Deficit-Cash -6.0 -1.6 -.4 -1.0 -10.7 -11.4 -2.7 -1.3 1.6 -2.30
Accrued Revenues Blocked .0 .0 .0 .0 3.6 2.9 .0 .0 .0 .0
Overall Surplus/Deficit-Accrued .0 .0 .0 .0 -7.1 -8.5 -2.7 -1.3 1.6 -2.30
[a] New format for capital acct. beginning 1985; [b] Incl. short-term, IMF, and arrears; [c] Medium and long-term debt.