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.

Panama GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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