The economy of Panama grew at a solid annual rate of 13.6 percent in the first quarter of 2022, albeit easing from a 16.3 percent growth in the previous period. It was the fourth consecutive quarter of expansion, helped by the easing of Covid-19 restrictions. Strong performance was observed in key economic activities including hotels & restaurants (63.6 percent); internal trade (22.4 percent); construction (21.7 percent); real estate (12.6 percent) and transport, storage & communications (11.9 percent). source: Instituto Nacional de Estadística y Censo - Panamá
GDP Annual Growth Rate in Panama averaged 5.73 percent from 2010 until 2022, reaching an all time high of 40 percent in the second quarter of 2021 and a record low of -38.20 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Panama is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama GDP Annual Growth Rate is projected to trend around 5.00 percent in 2023 and 4.70 percent in 2024, according to our econometric models.