The skyline in Panama City, Panama

Panama Economic Activity April 2020

Panama: Economic activity falls at sharpest pace on record in April

Economic activity nosedived 34.7% year-on-year in April (March: +0.6% yoy). The reading marked the worst reading since January 2007, which is when current records began, and was due to the coronavirus crisis. Most affected by the crisis in April were the construction, hotels and restaurants, trade, and manufacturing sectors.

On a seasonally-adjusted monthly basis, economic activity fell 32.3% in April (March: +1.3% mom), which also marked a historic decline. Moreover, the trend pointed down, with the annual average variation of economic activity coming in at minus 0.4% in April, contrasting March’s plus 2.8% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest