Panama: Economic growth, quarterly

* indicates monthly or quarterly data series
 Panama

Economic growth, percent change in quarterly real GDP

 Latest value 9.03
 Reference Q3 2023
 Measure percent
 Data availability Q1 1997 - Q3 2023
 Average 5.96
 Min - Max -36.25 - 43.91
 Source National Institute of Statistics and Census of Panama
The latest data from Q3 2023 show economic growth of 9.03 percent, which is an increase from the rate of growth of 8.21 percent in the previous quarter and a decrease compared to the growth rate of 10.14 percent in the same quarter last year. The economic growth time series for Panama cover the period from Q1 1997 to Q3 2023. During that time span, the average growth rate for Panama was 5.96 percent. The lowest rate of growth of -36.25 percent was recorded in Q2 2020 while the highest growth rate was 43.91 percent in Q2 2021. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series


Recent values chart
Panama - Economic growth, quarterly  - recent values

Historical chart
Panama - Economic growth, quarterly  - historical chart - 1997-2023
Measure: percent
Source: National Institute of Statistics and Census of Panama


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth 10.81 2022 percent
 GDP, constant dollars 67.8 2022 billion U.S. dollars
 GDP, current U.S. dollars 76.52 2022 billion U.S. dollars
 GDP per capita, current dollars 17,357.63 2022 U.S. dollars
 GDP per capita, PPP 33,266 2022 U.S. dollars
 GDP per capita, constant dollars 15,388.06 2022 U.S. dollars
 Economic growth, quarterly 9.03 Q3/2023 percent
 Gross Domestic Product (GDP) 20.31 Q3/2023 billion
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