Panama GDP Annual Growth Rate

Panama’s economy grew 3.1 percent year-on-year in the second quarter of 2018, following a 4.2 percent expansion in the first quarter. Slower growth was mainly explained by agriculture (+3.6 percent vs +3.8 percent in Q1), mining (-1.2 percent vs +4.9 percent), construction (-1.2 percent vs +4.9 percent), financial services (+3.7 percent vs +4.1 percent), and hotel and restaurant services (-3.3 percent vs -3.1 percent). In contrast, faster growth was observed for commerce (3.9 percent vs 3.8 percent), manufacturing (2.2 percent vs 0.9 percent), utilities (3.6 percent vs 3.1 percent), transport & communications (9.4 percent vs 5.2 percent), and education (3.9 percent vs 0.6 percent). GDP Annual Growth Rate in Panama averaged 7.23 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 3.10 percent in the second quarter of 2018.

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Calendar	GMT		Actual	Previous	TEForecast
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	11:00 PM	GDP Growth Rate YoY	3.1%	4.2%	3.5%
2018-12-18	06:00 PM	GDP Growth Rate YoY		3.1%	3.6%

Panama GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	3.10	4.20	12.20	3.10	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	10084.25	10309.54	10463.85	7760.06	PAB Million	[+]
GDP From Agriculture	187.81	178.46	230.86	171.95	PAB Million	[+]
GDP From Construction	1409.21	1653.82	1653.82	1022.52	PAB Million	[+]
GDP From Manufacturing	555.80	529.26	555.80	463.22	PAB Million	[+]
GDP From Mining	162.46	192.43	192.43	123.56	PAB Million	[+]
GDP From Transport	1441.84	1382.06	1441.84	1142.33	PAB Million	[+]
GDP From Utilities	400.11	406.65	406.65	260.45	PAB Million	[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.10	4.20	12.20	3.10	2010 - 2018	percent	Quarterly

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly