Panama's economy recorded a growth of 7.3% in 2023, marking a slowdown from the 10.8% expansion seen in 2022. Full Year GDP Growth in Panama averaged 8.58 percent from 2008 until 2023, reaching an all time high of 18.10 percent in 2008 and a record low of -17.70 percent in 2020. source: Instituto Nacional de Estadística y Censo - Panamá
Full Year GDP Growth in Panama is expected to reach 3.60 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Full Year GDP Growth is projected to trend around 4.00 percent in 2025 and 4.20 percent in 2026, according to our econometric models.