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The monthly minimum wage in Panama depends on the respective administrative area and the respective industry. Panama has a national debt equal to 97.02% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, Panama's inflation rate is 4.1%. The currency of Panama is the Panamanian Balboa. The plural form of the word Panamanian Balboa is balboas. The symbol used for this currency is B/. and is abbreviated as PAB. The Panamanian Balboa is divided into Centesimo; There are 100 in a Balboa. Every year, consumers spend around $12,055 million. The ratio of consumer spending to GDP in Panama is 0.03% and the ratio of consumer spending to world consumer market is 3.48%. Corporate income tax in Panama is 25%. Personal income tax ranges from 0% to 27% depending on your specific situation and income level. VAT in Panama is 7%. In 2013, Panama received US$50.7 million in development aid. In 2014, foreign aid amounted to USD 111.3 million.

Gross domestic product
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Panama is US$76,770 billion. Gross Domestic Product (GDP) per capita, calculated as Purchasing Power Parity (PPP), was last seen at $18,442,720 in Panama. PPP in Panama is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Panama is 40,467 billion. Based on this statistic, Panama is considered to be moderately economically strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Panama was last seen at $9,721,526. The average citizen in Panama has very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Panama averaged 6.6% in 2014. According to this percentage, Panama is currently experiencing significant growth. Significant growth countries offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.