The skyline in Panama City, Panama

Panama Economic Activity May 2023

Panama: Economic activity notches quickest growth since September 2022 in May

Economic activity grew 9.0% year on year in May (April: +7.4% yoy). May’s print marked the best reading since September 2022. The acceleration was supported by expansions in the construction, hospitality and transport sectors. Less positively, mining and quarrying output declined.

Meanwhile, the trend improved, with the annual average growth of economic activity coming in at 8.7%, up from April’s 8.6%.

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