Panama’s economy grew 3.6 percent year-on-year in the third quarter of 2018, following a 3.1 percent expansion in the second quarter. Faster growth was mainly explained by rebounds in mining (+2.0 percent vs -1.6 percent in Q2) and construction (2.0 percent vs -1.5 percent), and further growth in manufacturing (1.5 percent vs 1.2 percent), retail trade (5.7 percent vs 3.5 percent), transport & communications (9.6 percent vs 9.1 percent), and financial services (3.6 percent vs 3.5 percent). In contrast, fishing plummeted 11.7 percent after an 8.2 percent jump in the previous quarter. Also, utilities (1.2 percent vs 3.6 percent) and farming (2.2 percent vs 4.0 percent) expanded at a softer pace. 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.

GDP Annual Growth Rate in Panama is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Panama to stand at 4.70 in 12 months time. In the long-term, the Panama GDP Annual Growth Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Panama GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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%
2018-12-20 11:00 PM GDP Growth Rate YoY 3.6% 3.1% 3.6%
2019-03-01 10:00 PM GDP Growth Rate YoY 3.6% 4.2%
2019-06-18 10:30 PM GDP Growth Rate YoY 4.5%
2019-09-17 11:00 PM GDP Growth Rate YoY 4.7%


Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.60 3.10 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 10452.98 10206.22 10452.98 7760.06 PAB Million [+]
GDP From Agriculture 231.89 193.44 231.89 172.04 PAB Million [+]
GDP From Construction 1610.67 1441.53 1672.02 1022.52 PAB Million [+]
GDP From Manufacturing 516.75 558.81 558.81 463.22 PAB Million [+]
GDP From Mining 186.86 165.22 198.23 123.56 PAB Million [+]
GDP From Transport 1432.09 1411.63 1432.09 1142.33 PAB Million [+]
GDP From Utilities 418.40 420.78 420.78 260.45 PAB Million [+]


Panama GDP Annual Growth Rate

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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.10 12.20 3.10 2010 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Saudi Arabia 2.50 Sep/18
Netherlands 2.40 Sep/18
Spain 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Dec/18
Canada 2.10 Sep/18
South Korea 2.00 Sep/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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