Panama GDP Annual Growth Rate  2010-2017 | Data | Chart | Calendar

Panama's gross domestic product expanded by 4.8 percent year-on-year in the third quarter of 2016, easing from a 5.2 percent growth in the previous period. Output rose at a slower pace for: Mining and quarrying (+5.8 percent from +8.8 percent in Q2); construction (+5.8 percent from +8.8 percent); retail trade (+4.3 percent from +6.4 percent); financial intermediation (+7.9 percent from +9 percent); real estate, business and rental activities (+4.5 percent from +8.3 percent); and social and private health service activities (+2 percent from +4.9 percent). Meanwhile, activity rebounded for: industry (+0.9 percent from -2.3 percent in Q2); transportation, storage and communication (+2.8 percent from -0.7 percent); and agriculture (+1.1 percent from -1.4 percent). By contrast, fishing contracted further (-7.2 percent from -11.9 percent in Q2). GDP Annual Growth Rate in Panama averaged 7.84 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)
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 10:20 PM Q3 4.8% 5.2% 4%
2017-03-10 03:00 PM Q4 4.8% 4.71%
2017-06-19 06:00 PM Q1 4.78%
2017-09-15 01:00 AM Q2 4.76%




Panama GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.80 5.20 12.20 4.60 percent [+]
GDP 52.13 49.17 52.13 0.54 USD Billion [+]
GDP per capita 10750.94 10325.64 10750.94 2119.38 USD [+]
GDP per capita PPP 20885.34 20059.13 20885.34 7815.68 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.80 5.20 12.20 4.60 2010 - 2016 percent Quarterly



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