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

Panama's economy grew by 5.2 percent year-on-year in the three months to June 2016, compared to a 4.6 percent growth in the March quarter, mainly boosted by financial, construction and mining sectors. For 2016, the economy is projected to expand 6.0 percent, partly due to the Panama Canal extension, which was unveiled in June. GDP Annual Growth Rate in Panama averaged 7.96 percent from 2010 until 2016, reaching an all time high of 12.20 percent in the second quarter of 2011 and a record low of 4.60 percent in the first quarter of 2016.

Panama GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-12-20 05:00 PM Q3 2013 8.9% 7.7%(R) 6.62%
2016-06-18 06:00 PM Q1 4.6% 5.3% 5%
2016-09-16 01:00 AM Q2 5.2% 4.6% 5%
2016-12-15 06:00 PM Q3 5.2% 4%
2017-06-19 06:00 PM Q1
2017-09-15 01:00 AM Q2




Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.20 4.60 12.20 4.60 percent [+]
GDP 52.13 49.17 52.13 0.44 USD Billion [+]
GDP per capita 10750.94 10325.64 10750.94 2350.48 USD [+]
GDP per capita PPP 20885.34 20059.13 20885.34 7692.37 USD [+]



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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 4.60 12.20 4.60 2010 - 2016 percent Quarterly



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