GDP reading: GDP declined 3.5% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 3.1% expansion...
Economic Growth in Panama
Panama's economy recorded an average growth rate of 4.3% in the decade to 2024, compared to the 2.9% average for Central America and Caribbean. In 2024, real GDP growth was 2.9%. For more GDP information, visit our dedicated page.
Panama GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Panama from 2019 to 2024.
Source: Macrobond.
Panama GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -17.8 | 16.5 | 10.8 | 7.4 | 2.9 |
| GDP (USD bn) | 57.1 | 67.4 | 76.3 | 83.3 | 86.3 |
| Economic Growth (Nominal GDP, ann. var. %) | -18.2 | 18.1 | 13.2 | 9.2 | 3.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Panamanian GDP projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Panamanian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Panamanian GDP projections.
Want to get access to the full dataset of Panamanian GDP forecasts? Send an email to info@focus-economics.com.
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