Panama Real GDP Growth

2008 - 2022 | Quarterly | % | CEIC Data

Key information about Panama Real GDP Growth

  • The Gross Domestic Product (GDP) in Panama expanded 9.5 % YoY in Sep 2022, following a growth of 9.8 % in the previous quarter.
  • Real GDP Growth YoY data in Panama is updated quarterly, available from Mar 2008 to Sep 2022, with an average rate of 5.5 %.
  • The data reached an all-time high of 40.0 % in Jun 2021 and a record low of -38.5 % in Jun 2020.
CEIC calculates Real GDP Growth from quarterly Real GDP. The National Institute of Statistics and Census provides Real GDP in local currency, at chain linked 2007 prices.


Related information about Panama Real GDP Growth

  • In the latest reports, Nominal GDP of Panama reached 18.1 USD bn in Sep 2022.
  • Its GDP deflator (implicit price deflator) increased 2.0 % in Sep 2022.
  • Its Gross Savings Rate was measured at 34.9 % in Dec 2021.
  • For Nominal GDP contributions, Investment accounted for 25.5 % in Dec 2021.
  • Public Consumption accounted for 15.5 % in Dec 2021.
  • Private Consumption accounted for 49.5 % in Dec 2021.

View Panama's Real GDP Growth from Mar 2008 to Sep 2022 in the chart:

Panama Real GDP Growth

What was Panama's Real GDP Growth in Sep 2022?

The Gross Domestic Product (GDP) in Panama expanded 9.5 % YoY in Sep 2022, following a growth of 9.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
9.5 Sep 2022 9.8 Jun 2022 -38.5 Jun 2020 40.0 Jun 2021 % quarterly Mar 2008 - Sep 2022

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.0 Mar 2023 quarterly Mar 2000 - Mar 2023
Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
Azerbaijan (%) 1.1 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 3.9 Dec 2023 quarterly Mar 2009 - Dec 2023
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 5.3 2022 yearly 1994 - 2022
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Ghana (%) 0.5 Sep 2023 quarterly Jun 2006 - Sep 2023
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 4.0 Dec 2023 quarterly Mar 2011 - Dec 2023
Kuwait (%) 0.3 Sep 2023 quarterly Jun 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Lebanon (%) -25.9 2020 yearly 2005 - 2020
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.3 Dec 2023 quarterly Mar 2001 - Dec 2023
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 4.3 Dec 2023 quarterly Mar 2011 - Dec 2023
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.5 2022 yearly 2011 - 2022
Nepal (%) 0.7 Dec 2023 quarterly Dec 2004 - Dec 2023
Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 1.7 2023 yearly 2001 - 2023
Palestinian Territory (%) -29.3 Dec 2023 quarterly Jun 2000 - Dec 2023
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 1.0 Jun 2023 quarterly Mar 2012 - Jun 2023
Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 2.6 Dec 2023 quarterly Mar 1996 - Dec 2023
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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Panama Key Series

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Includes 164 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 402.772 Jan 2024 monthly Jan 1995 - Jan 2024
Tax Revenue: % of GDP (%) 9.6 Dec 2023 quarterly Mar 2007 - Dec 2023
National Government Debt (USD mn) 49,808.0 Feb 2024 monthly Jul 2004 - Feb 2024
Government Debt: % of GDP (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 183,964.393 Jan 2024 monthly Jan 1995 - Jan 2024
Central Government Revenue: Current Revenue (PAB th) 493,810.833 Jan 2024 monthly Jan 1995 - Jan 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 402,771.625 Jan 2024 monthly Jan 1995 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,031.9 Jan 2024 monthly Jan 1964 - Jan 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -75.7 Jan 2024 monthly Jan 2001 - Jan 2024
Aluminum: Exports (USD th) 1,490.770 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,094.8 Jan 2024 monthly Jan 2000 - Jan 2024
Total Imports Growth (%) -4.5 Jan 2024 monthly Jan 2001 - Jan 2024
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 17.278 Dec 2023 monthly Jan 1970 - Dec 2023
Total Imports from USA (USD mn) 182.677 Dec 2023 monthly Jan 1967 - Dec 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 146.475 Dec 2023 monthly Mar 1989 - Dec 2023
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 150.6 Dec 2023 quarterly Mar 2013 - Dec 2023
Current Account Balance (USD mn) -4,356.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Current Account Balance: % of GDP (%) -18.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Direct Investment (USD mn) 779.1 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 5.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2023 quarterly Mar 2013 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
External Debt (USD mn) 42,844.3 Feb 2024 monthly Jul 2004 - Feb 2024
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,069.421 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Net Errors and Omissions (PAB mn) 4,238.808 Dec 2023 quarterly Mar 2013 - Dec 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -4,356.507 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods (PAB mn) -6,856.914 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods: Credit (PAB mn) 3,968.015 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods: Debit (PAB mn) -10,824.928 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services (PAB mn) 3,312.902 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services: Credit (PAB mn) 4,899.518 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services: Debit (PAB mn) -1,586.616 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income (PAB mn) -751.392 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income: Credit (PAB mn) 1,015.783 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income: Debit (PAB mn) -1,767.175 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account (PAB mn) 2.055 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account: Credit (PAB mn) 2.055 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Financing: Reserve Assets (PAB mn) -2,018.107 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Financial Account (FA) (PAB mn) 1,689.751 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Direct Investment (PAB mn) 628.537 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 772.109 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
International Investment Position (IIP) (USD mn) -72,069.421 Dec 2023 quarterly Mar 2015 - Dec 2023
IIP: Liabilities (USD mn) 174,745.416 Dec 2023 quarterly Mar 2015 - Dec 2023
IIP: Assets (USD mn) 102,675.995 Dec 2023 quarterly Mar 2015 - Dec 2023
Foreign Direct Investment (FDI) (PAB mn) 779.107 Dec 2023 quarterly Mar 2013 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Feb 2024 monthly Dec 2008 - Feb 2024
Household Debt: % of GDP (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Non-Performing Loans (USD mn) 1,686.854 Feb 2024 monthly Dec 2008 - Feb 2024
Money Supply M1 (USD mn) 9,318.060 Dec 2023 monthly Dec 2002 - Dec 2023
Money Supply M2 (USD mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
M2 Growth (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 2023
Foreign Exchange Reserves (USD mn) 8,144.7 Feb 2024 monthly Oct 1969 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 7.368 Dec 2023 quarterly Dec 2007 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 5.0 Jan 2024 monthly Jan 2000 - Jan 2024
Gold Reserves (USD mn) 0.000 Feb 2024 monthly Sep 1969 - Feb 2024
Total Deposits (USD mn) 104,069.234 Jan 2024 monthly Dec 1998 - Jan 2024
Total Deposits Growth (%) 9.0 Feb 2024 monthly Dec 1999 - Feb 2024
Domestic Credit (USD mn) 61,225.8 Feb 2024 monthly Dec 2001 - Feb 2024
Domestic Credit Growth (%) 4.7 Feb 2024 monthly Dec 2002 - Feb 2024
Household Debt (USD mn) 32,052.6 Feb 2024 monthly Oct 2005 - Feb 2024
Total Loans (USD mn) 90,529.510 Jan 2024 monthly Dec 1998 - Jan 2024
Total Loans Growth (%) 5.98 Feb 2024 monthly Dec 1999 - Feb 2024
Private Debt: % of Nominal GDP (%) 68.65 Dec 2023 quarterly Dec 2007 - Dec 2023
Money Supply: M3 (PAB mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
LC: National Banking System: Private Sector: Mortgage (PAB mn) 20,690.512 Feb 2024 monthly Dec 2002 - Feb 2024

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