Panama GDP Annual Growth Rate  2010-2018 | Data | Chart | Calendar

Panama’s economy grew 4.2 percent year-on-year in the first quarter of 2018, following a 4.9 percent expansion in the fourth quarter. Slower growth was mainly explained by agriculture (3.8 percent vs 6.1 percent in Q4), mining (4.9 percent vs 6.0 percent), manufacturing (0.9 percent vs 3.4 percent), utilities (3.1 percent vs 5.0 percent), construction (4.9 percent vs 6.0 percent), financial services (4.1 percent vs 6.4 percent), transport and communications (5.2 percent vs 7.0 percent), and education (0.6 percent vs 7.7 percent). Also, activity for hotel and restaurant services contracted 3.1 following a 0.4 percent increase. In contrast, faster growth was observed for commerce (3.8 percent vs 3.4 percent), while fishing rebounded a sharp 30.2 percent after a 1.8 percent contraction. GDP Annual Growth Rate in Panama averaged 7.36 percent from 2010 until 2018, reaching an all time high of 12.20 percent in the second quarter of 2011 and a record low of 4.20 percent in the first quarter of 2018.

Panama GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-18 09:00 PM GDP Growth Rate YoY 5.4% 5.4% 4.3%
2018-03-02 10:00 PM GDP Growth Rate YoY 4.9% 5.4% 5.60%
2018-06-18 10:30 PM GDP Growth Rate YoY 4.2% 4.9% 3.5%
2018-09-17 11:20 PM GDP Growth Rate YoY 4.2% 4.5%
2018-12-15 06:00 PM GDP Growth Rate YoY 4.8%


Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.20 4.90 12.20 4.20 percent [+]
GDP 61.84 57.82 61.84 0.54 USD Billion [+]
GDP per capita 11513.28 11102.56 11513.28 2139.55 USD [+]
GDP per capita PPP 22267.00 21472.70 22267.00 7855.00 USD [+]
Gdp Constant Prices 10309.54 10463.85 10463.85 7760.06 PAB Million [+]
Gdp From Agriculture 178.46 190.92 230.86 171.95 PAB Million [+]
Gdp From Construction 1653.82 1596.23 1653.82 1022.52 PAB Million [+]
Gdp From Manufacturing 529.26 518.96 543.84 463.22 PAB Million [+]
Gdp From Mining 192.43 185.27 192.43 123.56 PAB Million [+]
Gdp From Transport 1382.06 1382.36 1382.36 1142.33 PAB Million [+]
Gdp From Utilities 406.65 401.65 406.65 260.45 PAB Million [+]


Panama GDP Annual Growth Rate

Panama is one of the fastest growing countries in the Americas. Its economy is 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. However, in order to keep the current pace of growth the government needs to address the shortage of skilled workers, corruption and lack of judicial independence. 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.90 12.20 4.20 2010 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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