Panama Economic Activity February 2022

Panama

Panama: Economic activity growth rises in February

April 21, 2022

Economic activity increased 13.3% in year-on-year terms in February, which followed January's 12.3% increase. The overall upturn was broad-based.

Meanwhile, annual average economic activity growth rose to 21.2% in February (January: +19.6%), pointing to an improving trend. That said, economic activity growth is expected to cool going forward, amid waning base effect and rising external headwinds.

FocusEconomics panelists project that the economy will expand 7.1% in 2022, which is up 0.7 percentage points from last month’s projection. In 2023, the panel foresees GDP rising 5.2%.


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Panama Economic Activity February 2022

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


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