PA N A M A C I T Y
Short Term Outlook for Panama City, FL December 2021 Forecast 2021:Q4
2022:Q1
2022:Q2
2022:Q3
2022:Q4
2023:Q1
2023:Q2
2023:Q3
2023:Q4
2024:Q1
2024:Q2
2024:Q1
2024:Q2
9.8 4.4 4.6 5.2
9.8 -7.8 4.6 5.2
9.8 -0.9 4.6 5.2
9.9 0.5 4.7 5.2
9.9 1.7 4.7 5.3
10.0 2.1 4.7 5.3
10.1 2.8 4.8 5.3
10.2 3.4 4.8 5.4
10.3 3.9 4.9 5.5
10.4 4.5 4.9 5.5
10.5 4.2 5.0 5.6
10.7 4.2 5.0 5.6
10.8 4.2 5.1 5.7
Real Personal Income (12$) Pct Chg Year Ago
8.8 -0.3
8.8 -11.4
8.8 -3.9
8.8 -1.7
8.8 -0.1
8.8 0.3
8.9 1.0
8.9 1.6
9.0 2.0
9.0 2.5
9.1 2.2
9.1 2.1
9.2 2.1
Per Capita Income (Ths) Real Per Capita Income (12$)
53.1 47.9
53.2 47.8
53.6 47.9
53.9 48.0
54.3 48.1
54.5 48.1
55.1 48.4
55.7 48.7
56.3 48.9
56.8 49.2
57.2 49.3
57.8 49.5
58.3 49.6
Average Annual Wage (Ths) Pct Chg Year Ago
54.3 4.2
54.7 4.2
55.0 2.4
55.3 1.9
55.5 2.3
55.9 2.1
56.2 2.2
56.5 2.3
57.0 2.7
57.6 3.0
58.1 3.5
58.7 3.9
59.3 4.0
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
81.1 1.8
81.3 0.8
81.5 1.5
81.5 1.1
81.8 0.9
81.9 0.7
82.4 1.2
82.7 1.5
82.9 1.3
82.8 1.2
82.8 0.4
82.8 0.1
82.8 0.0
Manufacturing Pct Chg Year Ago
3.3 -0.1
3.3 1.2
3.2 2.9
3.2 -0.7
3.2 -0.8
3.2 -0.8
3.2 -0.1
3.2 1.0
3.2 0.6
3.3 0.7
3.3 0.6
3.3 0.4
3.3 0.3
Nonmanufacturing Pct Chg Year Ago
77.8 1.8
78.0 0.7
78.3 1.4
78.3 1.2
78.5 0.9
78.6 0.8
79.2 1.2
79.5 1.5
79.6 1.4
79.6 1.2
79.5 0.4
79.5 0.1
79.6 -0.1
7.3 1.7
7.3 -0.6
7.2 -0.9
7.1 -4.3
6.9 -5.7
6.8 -6.7
6.6 -7.2
6.5 -7.7
6.4 -7.4
6.3 -7.1
6.2 -6.2
6.1 -5.6
6.1 -5.2
Trade, Trans, & Utilities Pct Chg Year Ago
16.3 -0.8
16.1 -2.6
15.9 -0.4
15.7 -1.7
15.4 -5.3
15.3 -5.2
15.4 -3.0
15.3 -2.6
15.3 -0.8
15.1 -1.4
14.6 -5.1
14.5 -5.5
14.4 -5.8
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
2.3 12.3 1.7
2.4 12.1 1.6
2.4 11.9 1.6
2.5 11.7 1.6
2.5 11.3 1.6
2.5 11.2 1.6
2.5 11.4 1.5
2.5 11.3 1.5
2.5 11.2 1.5
2.6 11.0 1.5
2.6 10.5 1.5
2.6 10.3 1.5
2.6 10.2 1.5
Information Pct Chg Year Ago
0.6 -0.4
0.6 -0.4
0.6 -0.3
0.6 -2.4
0.6 -4.8
0.6 -4.2
0.6 -1.8
0.6 -0.5
0.6 4.0
0.6 5.8
0.6 6.2
0.6 4.8
0.6 1.7
Financial Activities Pct Chg Year Ago
5.0 0.8
5.0 2.0
5.1 6.4
5.2 6.8
5.2 5.1
5.2 3.8
5.3 2.8
5.3 2.0
5.3 1.9
5.4 2.1
5.4 2.4
5.4 2.4
5.4 1.9
Prof & Business Services Pct Chg Year Ago
10.6 4.2
11.0 5.5
11.3 9.2
11.4 8.0
11.5 9.0
11.6 4.9
11.6 3.0
11.6 2.2
11.7 2.0
11.8 2.3
12.0 3.1
12.0 3.1
12.0 2.5
Educ & Health Services Pct Chg Year Ago
9.4 -0.9
9.5 -0.5
9.6 2.8
9.6 2.0
9.5 1.1
9.5 0.7
9.5 -1.3
9.5 -1.4
9.5 -0.2
9.6 0.8
9.7 2.3
9.8 3.4
9.9 3.5
Leisure & Hospitality Pct Chg Year Ago
12.9 9.1
12.7 4.5
12.7 -5.0
12.7 -1.4
13.3 2.8
13.5 5.7
14.0 10.2
14.4 13.1
14.5 9.2
14.5 7.5
14.6 4.0
14.7 1.9
14.7 1.9
2.6 0.2
2.6 4.1
2.7 4.6
2.8 5.3
2.8 5.0
2.8 5.4
2.7 2.2
2.8 0.1
2.8 0.6
2.8 1.5
2.8 3.5
2.9 4.3
2.9 4.3
Federal Government Pct Chg Year Ago
3.9 -0.6
3.9 0.6
4.0 4.4
4.1 6.7
4.1 5.6
4.2 5.3
4.2 4.3
4.2 2.9
4.2 1.5
4.2 0.7
4.2 0.3
4.2 0.3
4.2 0.2
State & Local Government Pct Chg Year Ago
9.2 -0.2
9.2 -2.7
9.2 1.0
9.2 -0.8
9.2 0.3
9.3 0.8
9.3 0.8
9.3 1.2
9.3 1.0
9.3 0.8
9.4 0.9
9.4 0.4
9.4 0.5
Population (Ths) Pct Chg Year Ago
184.2 -1.2
183.8 -1.0
183.5 -0.9
183.3 -0.7
183.3 -0.5
183.3 -0.3
183.4 -0.1
183.5 0.1
183.6 0.2
183.8 0.2
184.1 0.4
184.4 0.5
184.8 0.6
Labor Force (Ths) Pct Chg Year Ago
93.9 6.4
93.6 2.8
93.3 1.0
93.1 -0.2
92.9 -1.0
92.6 -1.1
92.5 -0.9
92.4 -0.7
92.4 -0.5
92.3 -0.3
92.4 -0.1
92.5 0.1
92.8 0.4
Construction & Mining Pct Chg Year Ago
Other Services Pct Chg Year Ago
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
104
5.0
4.7
4.7
4.6
4.6
4.4
4.3
4.3
4.3
4.0
4.0
3.9
3.8
1663.5 1341.7 321.7
1672.4 1217.1 455.2
1600.4 1104.6 495.8
1571.0 1006.7 564.3
1524.1 944.4 579.8
1471.2 897.7 573.5
1401.7 855.6 546.1
1377.6 830.4 547.2
1373.7 821.6 552.1
1347.8 796.9 550.9
1321.4 781.5 539.9
1311.7 781.2 530.6
1288.9 769.2 519.6
Florida & Metro Forecast / Fall 2021
