Average inflation measured by CPI rose 64.0% to 2.29% in Panama in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Panama reached an all time high of 2.29% in 2020 and an all time low of -0.004% in 2019. When compared to Panama's main peers, average inflation measured by CPI in Colombia amounted to 3.00%, 3.00% in Costa Rica, 4.00% in Honduras and 7.14% in Nicaragua in 2020.
Panama has been ranked 113th within the group of 171 countries we follow in terms of average inflation measured by CPI, 19 places below the position seen 10 years ago.
| Inflation, CPI (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Belize | % | 1.11% | 1.30% | 1.86% | 1.78% | 1.50% | ||||||||||||||||
| Brazil | % | 0.034% | 0.037% | 0.037% | 4.08% | 4.00% | ||||||||||||||||
| Colombia | % | 0.043% | 0.032% | 0.035% | 3.00% | 3.04% | ||||||||||||||||
| Costa Rica | % | 0.016% | 0.022% | 0.021% | 3.00% | 3.00% | ||||||||||||||||
| El Salvador | % | 0.010% | 0.011% | < 0.001% | 2.00% | 2.00% | ||||||||||||||||
| Guatemala | % | 0.044% | 0.038% | 0.037% | 3.90% | 3.90% | ||||||||||||||||
| Honduras | % | 0.039% | 0.043% | 0.044% | 4.00% | 4.00% | ||||||||||||||||
| Mexico | % | 0.060% | 0.049% | 0.036% | 3.01% | 3.00% | ||||||||||||||||
| Nicaragua | % | 0.039% | 0.049% | 0.054% | 7.14% | 7.05% | ||||||||||||||||
| Panama | % | 0.009% | 0.008% | -0.004% | 2.29% | 2.12% | ||||||||||||||||
| Peru | % | 0.028% | 0.013% | 0.021% | 2.01% | 1.99% | ||||||||||||||||
| USA | % | 0.021% | 0.024% | 0.018% | 2.30% | 2.19% | ||||||||||||||||
| Venezuela | % | 1,088% | 1,370,000% | 10,000,000% | ... | ... | ... | ... |
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