GDP reading: GDP dropped 0.1% month-on-month in seasonally adjusted terms in April (March: +0.2% mom). On an annual basis, monthly...
Economic Growth in Panama
Panama's economy recorded an average growth rate of 5.1% 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 19 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
-
Canada: Economy dips in April -
Argentina: GDP grows at robust pace in the first quarter Economy remains strong despite slowdown: GDP growth slowed markedly to 0.8% on a seasonally adjusted quarter on quarter basis in... -
New Zealand: GDP growth records fastest upturn since Q2 2023 in the first quarter GDP reading: GDP growth accelerated to 0.8% on a seasonally adjusted quarter on quarter basis in the first quarter, up... -
Russia: War fatigue pushes economic growth to a two-year low in Q1 War fatigue pushes economic growth to a two-year low in Q1 Second release reveals steeper slowdown: Second release reveals steeper... -
Ghana: GDP growth improves in Q1 The economy starts the year on a stronger footing: GDP growth rose to 5.3% year on year in the first... -
Uruguay: GDP growth inches down in the first quarter Economy remains robust: GDP growth waned to 3.4% year on year in the first quarter from 3.5% in the fourth... -
United Kingdom: Economic activity falls at sharpest pace since October 2023 in April GDP reading: GDP decreased 0.3% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.2% increase and undershot market...