The Gross Domestic Product (GDP) in Panama expanded 9.50 percent in the third quarter of 2022 over the same quarter of the previous year. source: Instituto Nacional de Estadística y Censo - Panamá

GDP Annual Growth Rate in Panama averaged 5.88 percent from 2010 until 2022, reaching an all time high of 40.00 percent in the second quarter of 2021 and a record low of -38.20 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

GDP Annual Growth Rate in Panama is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Panama GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-16 09:00 PM Q2 9.8% 13.6% 23%
2022-12-16 06:00 PM Q3 9.5% 9.8% 9%
2023-03-27 10:00 PM Q4 9.5% 1.1%


Related Last Previous Unit Reference
GDP Annual Growth Rate 9.50 9.80 percent Sep 2022
GDP from Utilities 483.30 447.69 PAB Million Sep 2022
GDP from Transport 1647.87 1665.85 PAB Million Sep 2022
GDP from Mining 846.67 579.93 PAB Million Sep 2022
GDP from Manufacturing 443.41 432.66 PAB Million Sep 2022
GDP from Construction 1067.00 1056.88 PAB Million Sep 2022
GDP from Agriculture 291.06 242.40 PAB Million Sep 2022
GDP Constant Prices 11317.69 9925.70 PAB Million Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.50 9.80 40.00 -38.20 2010 - 2022 percent Quarterly

News Stream
Panama GDP Expands 9.8% on Strong Tourism
The economy of Panama grew at an annual rate of 9.8% percent in the second quarter of 2022, easing from 13.6 percent growth in the previous period. It was the fifth consecutive quarter of expansion, as the lifting of COVID restrictions has allowed for expansion in the tourism sector. Strong performance was observed in key economic activities including hotels & restaurants (29.2 percent) and transport, storage, and communications (16.2 percent) although the growth in these segments decelerated over the previous quarter. Wholesale trade (15.9 percent), real estate (7.3 percent), and financials (4.9 percent) all accelerated from the previous period.
2022-09-16
Panama GDP Growth Slows but Remains Strong
The economy of Panama grew at a solid annual rate of 13.6 percent in the first quarter of 2022, albeit easing from a 16.3 percent growth in the previous period. It was the fourth consecutive quarter of expansion, helped by the easing of Covid-19 restrictions. Strong performance was observed in key economic activities including hotels & restaurants (63.6 percent); internal trade (22.4 percent); construction (21.7 percent); real estate (12.6 percent) and transport, storage & communications (11.9 percent).
2022-06-16