GDP reading: GDP declined 3.5% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 3.1% expansion...
Industry in Panama
The economy recorded average industrial output growth of 5.1% in the decade to 2024. In 2024, industrial output growth was -3.8%, up from the12.3% reading of the 2023. For more industry information, visit our dedicated page.
Panama Industry Chart
Note: This chart displays Industry (ann. var. %) for Panama from 2022 to 2024.
Source: Macrobond.
Panama Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industry (ann. var. %) | -33.6 | 30.4 | 11.9 | 12.3 | -3.8 |
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 industry projections for the next ten years from a panel of 3 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 industry forecast available for Panamanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Panamanian industry projections.
Want to get access to the full dataset of Panamanian industry forecasts? Send an email to info@focus-economics.com.
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