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.

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%
2018-12-18 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 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 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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