Panama GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Panama expanded 5.80 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Panama averaged 9.16 Percent from 2010 until 2014, 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 first quarter of 2014. GDP Annual Growth Rate in Panama is reported by the INCE, Panama.
||2010 - 2014
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 - Panama GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.