Panama Economic Activity June 2021


Panama: Economic activity growth eases in June

August 23, 2021

Economic activity grew 24.9% compared to the same month a year earlier in June, which followed May's 34.2% increase. In detail, manufacturing of food products, financial activity, agriculture and construction were among the activities that registered an expansion.

Meanwhile, the trend improved, with the annual average variation of economic activity coming in at minus 5.0% in June, up from May's minus 9.4%.

In light of the latest release, it is worth noting that there was an upward revision for data from April that suggests Q2 was much better than previously expected.

FocusEconomics Consensus Forecast panelists see the economy expanding 10.7% in 2021, which is unchanged from last month’s forecast. The panel expects GDP to grow 6.2% in 2022.

Author:, Junior Economist

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Panama Economic Activity Chart

Panama Economic Activity June 2021

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: Instituto Nacional de Estadística y Censo.

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