House Prices/GDP per Capita in Panama compared to Latin America
Panama: House price to income ratio
The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.
The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.
Panama has no house price statistics. Panama has some very basic financial statistics at the Superintendencia de Bancos de Panam'. General statistics are to be found at the Direccion de Estad'stica y Censo under the Controlar'a General de la Rep'blica de Panam', which also has links to a number of other data areas with time-series.