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

Panama’s economy grew 4.9 percent year-on-year in the fourth quarter of 2017, following a downwardly revised 5.3 percent expansion in the third quarter. Slower growth was mainly explained by construction (+6.0 percent vs +10.5 percent in Q3), mining (+6.0 percent vs +10.5 percent), transport & communications (+7.0 percent vs 9.9 percent), and financial services (+6.4 percent vs 7.1 percent). In contrast, manufacturing (+3.4 percent vs +1.4 percent) and primary activity (+6.1 percent vs +2.8 percent) gained steam, while commerce rebounded 3.4 percent after edging down 0.3 percent in the previous quarter. GDP Annual Growth Rate in Panama averaged 7.54 percent from 2010 until 2017, reaching an all time high of 12.20 percent in the second quarter of 2011 and a record low of 4.30 percent in the first quarter of 2014.

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Calendar	GMT		Actual	Previous	TEForecast
2017-09-14	11:20 PM	GDP Growth Rate YoY	5.4%	6.2%	6.8%
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	08:00 PM	GDP Growth Rate YoY		4.9%	3.5%
2018-09-17	11:20 PM	GDP Growth Rate YoY			3.2%
2018-12-15	06:00 PM	GDP Growth Rate YoY			3.7%

Panama GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	4.90	5.30	12.20	4.30	percent	[+]
GDP	55.19	52.13	55.19	0.54	USD Billion	[+]
GDP per capita	10982.40	10642.30	10982.40	2119.38	USD	[+]
GDP per capita PPP	21334.90	20674.30	21334.90	7815.68	USD	[+]
Gdp Constant Prices	10463.85	10038.87	10463.85	7760.06	PAB Million	[+]
Gdp From Agriculture	190.92	223.62	230.86	171.95	PAB Million	[+]
Gdp From Construction	1596.23	1537.75	1596.23	1022.52	PAB Million	[+]
Gdp From Manufacturing	518.96	516.00	543.84	463.22	PAB Million	[+]
Gdp From Mining	185.27	178.69	185.27	123.56	PAB Million	[+]
Gdp From Transport	1382.36	1337.48	1382.36	1142.33	PAB Million	[+]
Gdp From Utilities	401.65	401.67	401.67	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 May of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.90	5.30	12.20	4.30	2010 - 2017	percent	Quarterly

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	7.30	Dec/17	11.3	11.7	-14.4	%	Quarterly
India	7.20	Dec/17	6.5	11.4	-5.2	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.06	Mar/18	5.19	7.16	1.56	%	Quarterly
Canada	2.90	Dec/17	3	8.8	-4.1	%	Quarterly
Spain	2.90	Mar/18	3.1	5.6	-4.3	%	Quarterly
United States	2.90	Mar/18	2.6	13.4	-4.1	%	Quarterly
Netherlands	2.80	Mar/18	2.9	6.1	-4.9	%	Quarterly
South Korea	2.80	Mar/18	2.8	19.6	-7.4	%	Quarterly
Euro Area	2.50	Mar/18	2.8	5	-5.5	%	Quarterly
Australia	2.40	Dec/17	2.9	9	-3.5	%	Quarterly
Germany	2.30	Mar/18	2.9	7.2	-6.8	%	Quarterly
Brazil	2.10	Dec/17	1.4	10.1	-5.6	%	Quarterly
France	2.10	Mar/18	2.6	12.5	-3.8	%	Quarterly
Switzerland	1.90	Dec/17	1.2	5.8	-3.4	%	Quarterly
Italy	1.40	Mar/18	1.6	10.3	-7.2	%	Quarterly
Mexico	1.30	Mar/18	1.5	9	-9.1	%	Quarterly
Russia	1.30	Mar/18	0.9	12.1	-11.2	%	Quarterly
United Kingdom	1.20	Mar/18	1.4	9.7	-5.9	%	Quarterly
Japan	0.90	Mar/18	1.8	9.4	-8.8	%	Quarterly