Panama’s economy advanced 3.1 percent year-on-year in the first quarter of 2019, easing from a 4 percent expansion in the previous period. Output growth slowed in financial services (4.7 percent from 5.6 percent in Q4 2018); social services & private health (2.7 percent from 9.4 percent); education (0.9 percent from 6.1 percent); construction (4.5 percent from 6.5 percent); mining (4.5 percent from 6.5 percent); and transport & communications (4.3 percent from 5.7 percent). Also, manufacturing activity continued to contract (-0.9 percent, the same as in Q4) and fishing shrank further (-39.9 percent from -27.4 percent). Meanwhile, output went up at a faster pace in agriculture (2.4 percent from 0.4 percent); trade (1.9 percent from 1.8 percent); real estate (2.8 percent from 1.9 percent); and utilities (5.6 percent from 2.3 percent). GDP Annual Growth Rate in Panama averaged 6.92 percent from 2010 until 2019, reaching an all time high of 12.20 percent in the second quarter of 2011 and a record low of 3.10 percent in the second quarter of 2018.

GDP Annual Growth Rate in Panama is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Panama to stand at 4.80 in 12 months time. In the long-term, the Panama GDP Annual Growth Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Panama GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-17 11:00 PM GDP Growth Rate YoY 3.1% 4.2% 3.5%
2018-12-20 11:00 PM GDP Growth Rate YoY 3.6% 3.1% 3.6%
2019-03-04 06:10 PM GDP Growth Rate YoY 4% 3.6% 4.2%
2019-06-18 02:00 PM GDP Growth Rate YoY 3.1% 4% 4.2%
2019-09-17 11:00 PM GDP Growth Rate YoY 3.1% 3.5%
2019-12-18 06:00 PM GDP Growth Rate YoY 4.1%


Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.10 4.00 12.20 3.10 percent [+]
GDP 65.06 62.28 65.06 0.54 USD Billion [+]
GDP per capita 11723.93 11501.16 11723.93 2139.41 USD [+]
GDP per capita PPP 22674.40 22243.50 22674.40 7855.20 USD [+]
GDP Constant Prices 10598.84 10750.95 10750.95 7760.06 PAB Million [+]
GDP From Agriculture 182.66 194.83 231.89 172.04 PAB Million [+]
GDP From Construction 1747.84 1624.33 1747.84 1022.52 PAB Million [+]
GDP From Manufacturing 542.59 523.31 558.81 463.22 PAB Million [+]
GDP From Mining 183.38 211.12 211.12 123.56 PAB Million [+]
GDP From Transport 1452.03 1432.10 1452.03 1142.33 PAB Million [+]
GDP From Utilities 421.88 419.34 421.88 260.45 PAB Million [+]


Panama GDP Annual Growth Rate

Panama is one of the fastest growing economies in the Americas, greatly influenced by the famous canal connecting Atlantic and Pacific Ocean and business-friendly regulations. As a result service sector with insurance, finance, legal industries and flagship registry accounts for 80 percent of GDP. This page provides the latest reported value for - Panama GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Panama GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 4.00 12.20 3.10 2010 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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