Panama GDP Annual Growth Rate  2010-2016 | Data | Chart | Calendar

The Gross Domestic Product in Panama expanded by 5.60 percent in the third quarter of 2015 over the same quarter of the previous year, slowing from a 5.8 percent growth in the preceding quarter. An increase in Canal activities and restaurants and hotels were unable to offset a decline in air transport, fisheries and trade from the Colon Free Zone. In the September quarter of 2014, the country's economy grew by 6.2 percent. For 2015, the government targets GDP growth to advance 6.0 percent. GDP Annual Growth Rate in Panama averaged 8.47 percent from 2010 until 2015, reaching an all time high of 12.20 percent in the second quarter of 2011 and a record low of 5.80 percent in the fourth quarter of 2014. GDP Annual Growth Rate in Panama is reported by the INCE, Panama.

Panama GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.90 12.20 5.80 2010 - 2015 percent Quarterly
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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-03-11 03:00 PM Q4 2012 10% 10.6%
2013-09-13 08:00 PM Q2 2013 7.6% 7.0% 6.5%
2013-12-20 05:00 PM Q3 2013 8.9% 7.7%(R) 6.62%

Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.60 5.90 12.20 5.80 percent [+]
GDP 46.21 42.65 46.21 0.42 USD Billion [+]
GDP per capita 8087.54 7740.06 8087.54 1830.94 USD [+]
GDP per capita PPP 19637.09 18793.39 19637.09 7462.66 USD [+]




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South Sudan 15.90 Dec/14
Sierra Leone 13.80 Dec/14
Chad 11.20 Dec/14
Ethiopia 10.30 Dec/13
Ivory Coast 10.00 Sep/15
Palestine 9.60 Sep/15
Congo 9.50 Dec/14
Myanmar 8.70 Dec/14
Maldives 8.50 Dec/14
Papua New Guinea 8.40 Dec/14
Uzbekistan 8.00 Sep/15
Togo 7.60 Sep/15
India 7.40 Sep/15
Laos 7.40 Dec/14
Monaco 7.20 Dec/14
Dominican Republic 7.10 Sep/15
East Timor 7.10 Dec/14
Zambia 7.10 Dec/14
Vietnam 7.01 Dec/15
Cambodia 7.00 Dec/14
Ireland 7.00 Sep/15
Mauritania 6.90 Dec/14
China 6.80 Dec/15
Liechtenstein 6.70 Dec/13
Turkmenistan 6.70 Dec/15
Afghanistan 6.40 Dec/14
Tanzania 6.30 Sep/15
Bangladesh 6.12 Dec/14
Rwanda 6.10 Sep/15
Malawi 6.00 Dec/14
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Mozambique 5.90 Sep/15
Kenya 5.80 Sep/15
Philippines 5.80 Dec/15
Senegal 5.80 Sep/15
Cameroon 5.70 Jun/15
Panama 5.60 Sep/15
Djibouti 5.50 Dec/14
Nepal 5.48 Dec/14
Luxembourg 5.40 Sep/15
Malta 5.40 Sep/15
Benin 5.10 Sep/15
Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
Uganda 4.90 Sep/15
Sri Lanka 4.82 Sep/15
Niger 4.80 Sep/15
Sao Tome and Principe 4.80 Dec/14
Angola 4.70 Dec/14
Burundi 4.70 Dec/14
Czech Republic 4.70 Sep/15
Malaysia 4.70 Sep/15
Morocco 4.70 Dec/15
Nicaragua 4.70 Sep/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Guinea Bissau 4.50 Sep/15
Lesotho 4.40 Dec/14
Mali 4.30 Sep/15
Burkina Faso 4.20 Sep/15
Fiji 4.20 Dec/14
Guinea 4.20 Dec/14
Montenegro 4.20 Sep/15
Pakistan 4.14 Dec/14
Algeria 4.00 Dec/14
Bhutan 4.00 Dec/14
Cuba 4.00 Dec/15
Turkey 4.00 Sep/15
Zimbabwe 4.00 Dec/14
Sweden 3.90 Sep/15
Qatar 3.80 Sep/15
Slovakia 3.70 Sep/15
Ghana 3.60 Sep/15
Guyana 3.60 Dec/14
Poland 3.60 Dec/15
Romania 3.60 Sep/15
Saudi Arabia 3.60 Sep/15
Guatemala 3.50 Jun/15
Kyrgyzstan 3.50 Dec/15
Macedonia 3.50 Sep/15
Namibia 3.50 Sep/15
Spain 3.50 Dec/15
Kosovo 3.40 Jun/15
Mauritius 3.40 Sep/15
Suriname 3.40 Dec/14
Armenia 3.30 Sep/15
Colombia 3.20 Sep/15
Madagascar 3.20 Dec/14
Bosnia and Herzegovina 3.10 Sep/15
Honduras 3.10 Dec/14
Comoros 3.00 Dec/15
Costa Rica 3.00 Sep/15
Latvia 3.00 Dec/15
Norway 3.00 Sep/15
South Korea 3.00 Dec/15
Albania 2.98 Sep/15
Bulgaria 2.90 Sep/15
Georgia 2.90 Dec/15
Peru 2.90 Sep/15
Thailand 2.90 Sep/15
Nigeria 2.84 Sep/15
Croatia 2.80 Sep/15
Haiti 2.80 Dec/14
Seychelles 2.80 Dec/14
Sudan 2.70 Dec/14
El Salvador 2.60 Sep/15
Iceland 2.60 Sep/15
Jordan 2.60 Sep/15
Mongolia 2.60 Sep/15
Somalia 2.60 Dec/14
Israel 2.52 Sep/15
Australia 2.50 Sep/15
Mexico 2.50 Dec/15
Slovenia 2.50 Sep/15
Swaziland 2.50 Dec/14
Bahrain 2.40 Sep/15
Hungary 2.40 Sep/15
Argentina 2.30 Jun/15
Hong Kong 2.30 Sep/15
New Zealand 2.30 Sep/15
Chile 2.20 Sep/15
Cyprus 2.20 Sep/15
Lebanon 2.00 Dec/14
Lithuania 2.00 Dec/15
Paraguay 2.00 Sep/15
Singapore 2.00 Dec/15
Brunei 1.90 Sep/15
Eritrea 1.90 Dec/14
European Union 1.90 Sep/15
Netherlands 1.90 Sep/15
United Kingdom 1.90 Dec/15
United States 1.80 Dec/15
Germany 1.70 Dec/15
Cayman Islands 1.60 Jun/15
Euro Area 1.60 Sep/15
Japan 1.60 Sep/15
France 1.50 Dec/15
Jamaica 1.50 Sep/15
Cape Verde 1.40 Sep/15
Portugal 1.40 Sep/15
Belgium 1.30 Dec/15
Serbia 1.30 Dec/15
Canada 1.20 Sep/15
Kazakhstan 1.20 Dec/15
Austria 1.10 Dec/15
Azerbaijan 1.00 Dec/15
Central African Republic 1.00 Dec/14
Ecuador 1.00 Jun/15
North Korea 1.00 Dec/14
South Africa 1.00 Sep/15
Bahamas 0.93 Dec/14
Italy 0.80 Sep/15
Switzerland 0.80 Sep/15
Estonia 0.70 Sep/15
Liberia 0.70 Dec/14
Iran 0.60 Mar/15
Uruguay 0.56 Sep/15
Denmark 0.50 Sep/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Tunisia -0.10 Sep/15
Finland -0.20 Sep/15
Yemen -0.20 Dec/14
Taiwan -0.28 Dec/15
Greece -0.90 Sep/15
Puerto Rico -0.90 Dec/14
Belize -1.00 Sep/15
Gambia -1.40 Dec/14
Kuwait -1.60 Dec/14
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Botswana -3.50 Sep/15
Moldova -3.70 Sep/15
Russia -3.80 Dec/15
Belarus -3.90 Jan/16
Brazil -4.50 Sep/15
Venezuela -7.10 Sep/15
Ukraine -7.20 Sep/15
Libya -21.80 Dec/14
Macau -24.20 Sep/15