Panama GDP Annual Growth Rate  2010-2017 | Data | Chart | Calendar

Panama’s economy grew 6.2 percent year-on-year in the first quarter of 2017, up from the 4.5 percent expansion of the preceding period. Faster growth was mainly driven by trade (9.5 percent vs 0.7 percent in the last quarter of 2016) and transport & communications (10.4 percent vs 6.7 percent). The economy was also nudged by a rebound in manufacturing (2.0 percent vs -0.9 percent). Contrastingly, utilities expanded at a much softer pace of 2.1 percent (from 10.1 percent in Q4), while construction also lost steam (+6.6 percent vs +8.8 percent). GDP Annual Growth Rate in Panama averaged 7.69 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 Forecast (i)
2016-12-15 10:20 PM Q3 4.8% 5.2% 4%
2017-03-03 08:45 PM Q4 4.5% 4.8% 4.7%
2017-06-15 08:00 PM Q1 6.2% 4.5% 6.0%
2017-09-15 01:00 AM Q2 6.2% 6.4%
2017-12-15 06:00 PM Q3 6.7%




Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.20 4.50 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 9580.50 9866.91 9866.91 7760.06 PAB Million [+]
Gdp From Agriculture 181.45 192.70 235.66 181.45 PAB Million [+]
Gdp From Construction 1601.84 1468.97 1601.84 1022.52 PAB Million [+]
Gdp From Manufacturing 469.34 444.66 514.34 444.66 PAB Million [+]
Gdp From Mining 196.94 184.88 196.94 123.56 PAB Million [+]
Gdp From Transport 1441.70 1269.93 1441.70 1142.33 PAB Million [+]
Gdp From Utilities 356.63 457.79 457.79 260.45 PAB Million [+]


Panama GDP Annual Growth Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.20 4.50 12.20 4.30 2010 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Jun/17
Canada 2.30 Mar/17
United States 2.10 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
United Kingdom 1.70 Jun/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17