GDP reading: Mexico’s GDP declined 0.3% on a seasonally adjusted quarter-on-quarter basis in Q3, following a 0.6% expansion in the...
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 2014 to 2025.
Source: Macrobond.
Panama GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -17.8 | 16.5 | 11.0 | 7.2 | 2.7 |
| GDP (USD bn) | 57.1 | 67.4 | 76.5 | 83.8 | 86.5 |
| Economic Growth (Nominal GDP, ann. var. %) | -18.2 | 18.1 | 13.5 | 9.6 | 3.2 |
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 20 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.
Latest Global GDP News
-
Mexico: Economy slips into contraction in the third quarter of 2025 -
Taiwan: Economic growth remains buoyant in the third quarter of 2025 GDP reading: Taiwan’s GDP expanded 7.6% in annual terms in Q3, following 8.0% growth in the prior quarter. The Q3... -
Hong Kong: Economic growth picks up in the third quarter of 2025 GDP reading: Hong Kong’s GDP increased 3.8% on a year-on-year basis in Q3, following a 3.1% expansion in the previous... -
Canada: Economy slips into contraction in August GDP reading: GDP was down 0.3% on a seasonally adjusted month-on-month basis in August, following a 0.3% rise in the... -
Spain: Economic growth eases in the third quarter of 2025 GDP growth still above euro area average: According to a preliminary reading, Spain’s GDP grew 0.6% in seasonally adjusted quarter-on-quarter... -
Korea: Economic growth accelerates in the third quarter of 2025 GDP growth exceeds market expectations: Korea’s GDP expanded 1.2% on a seasonally adjusted quarter-on-quarter basis in Q3, following 0.7% growth... -
China: Economic growth ebbs in the third quarter of 2025 GDP reading: China’s GDP increased 4.8% in annual terms in Q3, following a 5.2% expansion in the prior quarter. Q3’s...