PA N A M A C I T Y
Short Term Outlook for Panama City, FL July 2021 2021:Q2 2021:Q3 2021:Q4 2022:Q1 2022:Q2 2022:Q3 2022:Q4 2023:Q1 2023:Q2 2023:Q3 2023:Q4 2024:Q1 2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
9.75 4.40 4.49 5.25
9.62 2.99 4.55 5.07
9.52 3.23 4.58 4.94
9.58 -8.05 4.60 4.98
9.65 -0.99 4.65 5.00
9.70 0.90 4.68 5.03
9.75 2.38 4.72 5.03
9.79 2.17 4.75 5.04
9.92 2.79 4.82 5.10
10.04 3.43 4.88 5.16
10.16 4.18 4.93 5.23
10.30 5.20 4.99 5.31
10.43 5.11 5.05 5.38
Real Personal Income (12$) Pct Chg Year Ago
9.05 1.51
8.90 0.53
8.78 0.79
8.79 -9.81
8.82 -2.53
8.83 -0.70
8.84 0.76
8.84 0.49
8.91 1.02
8.97 1.58
9.04 2.22
9.12 3.20
9.18 3.09
Per Capita Income (Ths) Real Per Capita Income (12$)
53.71 49.88
53.24 49.25
52.94 48.78
53.44 49.04
53.96 49.32
54.38 49.51
54.73 49.64
55.04 49.67
55.82 50.14
56.56 50.57
57.30 50.99
58.16 51.50
58.93 51.92
Average Annual Wage (Ths) Pct Chg Year Ago
54.12 6.43
54.17 4.25
54.39 2.97
54.55 1.89
54.89 1.43
55.24 1.99
55.66 2.33
56.19 3.00
56.70 3.30
57.22 3.58
57.78 3.81
58.40 3.93
58.98 4.01
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
80.92 9.74
81.95 4.61
82.19 3.17
82.31 2.03
82.58 2.06
82.61 0.81
82.68 0.60
82.49 0.23
82.97 0.46
83.15 0.65
83.30 0.74
83.43 1.13
83.52 0.66
Manufacturing Pct Chg Year Ago
3.13 0.76
3.16 1.74
3.17 -2.54
3.19 -0.83
3.21 2.55
3.22 2.01
3.23 2.14
3.25 1.85
3.26 1.59
3.27 1.61
3.28 1.55
3.29 1.36
3.30 1.37
Nonmanufacturing Pct Chg Year Ago
77.79 10.14
78.79 4.73
79.03 3.41
79.12 2.15
79.38 2.04
79.39 0.76
79.45 0.53
79.25 0.16
79.71 0.42
79.88 0.61
80.01 0.71
80.14 1.12
80.21 0.63
7.19 5.47
7.23 1.57
7.19 -0.04
7.17 -0.99
7.13 -0.85
7.09 -1.91
7.01 -2.44
6.95 -3.04
6.87 -3.67
6.80 -4.04
6.74 -3.91
6.68 -3.82
6.63 -3.49
Trade, Trans, & Utilities Pct Chg Year Ago
16.35 10.91
16.45 3.65
16.27 -0.97
15.92 -4.33
15.61 -4.58
15.41 -6.29
15.03 -7.61
14.74 -7.41
14.82 -5.03
14.66 -4.89
14.58 -3.05
14.36 -2.59
14.11 -4.79
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
2.35 12.26 1.75
2.33 12.36 1.75
2.31 12.23 1.73
2.29 11.92 1.71
2.28 11.63 1.70
2.32 11.37 1.72
2.31 11.02 1.70
2.29 10.76 1.69
2.27 10.88 1.67
2.26 10.74 1.66
2.25 10.68 1.64
2.26 10.46 1.64
2.27 10.20 1.65
Information Pct Chg Year Ago
0.59 -0.51
0.59 -0.61
0.59 -4.64
0.59 -1.48
0.58 -1.67
0.58 -1.05
0.57 -2.79
0.57 -4.44
0.57 -2.91
0.57 -2.53
0.57 0.84
0.58 2.49
0.59 3.61
Financial Activities Pct Chg Year Ago
4.89 9.79
4.85 1.58
4.78 -2.86
4.72 -4.94
4.71 -3.61
4.72 -2.71
4.66 -2.46
4.62 -2.17
4.55 -3.47
4.54 -3.95
4.53 -2.84
4.54 -1.73
4.56 0.19
10.27 7.50
10.62 5.77
10.99 9.48
11.47 10.57
11.59 12.92
11.60 9.23
11.67 6.15
11.73 2.31
11.76 1.41
11.83 1.96
11.93 2.23
12.08 2.99
12.23 3.98
9.46 3.98
9.47 -0.02
9.45 -0.18
9.37 -1.83
9.55 0.96
9.60 1.35
9.59 1.52
9.64 2.87
9.65 1.13
9.69 0.95
9.77 1.88
9.87 2.33
9.94 2.99
13.46 37.02
13.91 18.18
13.98 15.42
14.03 15.30
14.29 6.15
14.40 3.53
14.88 6.40
14.89 6.15
15.38 7.65
15.64 8.60
15.73 5.74
15.82 6.23
15.92 3.50
Other Services Pct Chg Year Ago
2.48 4.81
2.52 -1.33
2.56 -3.34
2.59 3.15
2.63 5.88
2.67 6.07
2.68 4.63
2.69 3.85
2.68 1.83
2.68 0.20
2.69 0.27
2.70 0.19
2.71 1.34
Federal Government Pct Chg Year Ago
3.88 1.11
3.88 -2.67
3.87 0.17
3.87 -1.52
3.87 -0.20
3.88 -0.10
3.88 0.27
3.88 0.45
3.88 0.30
3.89 0.26
3.89 0.27
3.90 0.33
3.91 0.69
9.21 -1.37
9.27 2.46
9.35 2.41
9.38 -0.93
9.41 2.20
9.43 1.76
9.48 1.36
9.52 1.50
9.54 1.40
9.59 1.64
9.59 1.18
9.60 0.87
9.61 0.70
Population (Ths) Pct Chg Year Ago
181.43 -1.85
180.65 -1.83
179.89 -1.77
179.32 -1.61
178.82 -1.44
178.43 -1.23
178.13 -0.98
177.90 -0.79
177.69 -0.64
177.45 -0.55
177.26 -0.49
177.08 -0.46
176.91 -0.44
Labor Force (Ths) Pct Chg Year Ago
89.82 8.53
90.62 7.14
90.56 3.58
90.46 1.00
90.37 0.61
90.61 -0.02
90.66 0.10
90.69 0.26
90.87 0.55
91.08 0.52
91.24 0.64
91.40 0.78
91.60 0.81
2.44
2.63
2.63
2.55
2.52
2.55
2.57
2.52
2.57
2.60
2.66
2.61
2.67
Construction & Mining Pct Chg Year Ago
Prof & Business Services Pct Chg Year Ago Educ & Health Services Pct Chg Year Ago Leisure & Hospitality Pct Chg Year Ago
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
104
1821.06 1757.10 1736.24 1716.65 1627.10 1547.21 1479.32 1425.82 1411.09 1400.06 1411.37 1409.28 1400.84 1336.88 1237.93 1127.41 1043.71 975.46 918.63 882.87 861.81 844.80 839.85 849.23 849.01 845.66 484.18 519.17 608.83 672.94 651.63 628.58 596.44 564.01 566.29 560.22 562.14 560.26 555.18
Florida & Metro Forecast / July 2021