Panama Real GDP Growth

2008 - 2025 | Quarterly | % | CEIC Data

Key information about Panama Real GDP Growth

  • The Gross Domestic Product (GDP) in Panama expanded 3.4 % YoY in Jun 2025, following a growth of 5.2 % in the previous quarter.
  • Real GDP Growth YoY data in Panama is updated quarterly, available from Mar 2008 to Jun 2025, with an average rate of 4.4 %.
  • The data reached an all-time high of 43.7 % in Jun 2021 and a record low of -36.4 % 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 2018 prices. Real GDP Growth prior to Q1 2019 is calculated from Real GDP at 2007 prices.


Related information about Panama Real GDP Growth

  • In the latest reports, Nominal GDP of Panama reached 20.1 USD bn in Jun 2025.
  • Its GDP deflator (implicit price deflator) fell 0.2 % in Jun 2025.
  • Its Gross Savings Rate was measured at 38.0 % in Dec 2023.
  • For Nominal GDP contributions, Investment accounted for 35.7 % in Dec 2024.
  • Public Consumption accounted for 13.2 % in Dec 2024.
  • Private Consumption accounted for 50.4 % in Dec 2022.

View Panama's Real GDP Growth from Mar 2008 to Jun 2025 in the chart:

Panama Real GDP Growth

What was Panama's Real GDP Growth in Jun 2025?

The Gross Domestic Product (GDP) in Panama expanded 3.4 % YoY in Jun 2025, following a growth of 5.2 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.4 Jun 2025 5.2 Mar 2025 -36.4 Jun 2020 43.7 Jun 2021 % quarterly Mar 2008 - Jun 2025

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 3.7 Jun 2025 quarterly Mar 1997 - Jun 2025
Algeria (%) 3.9 Jun 2025 quarterly Mar 2000 - Jun 2025
Argentina (%) 6.7 Jun 2025 quarterly Mar 2005 - Jun 2025
Armenia (%) 6.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Australia (%) 1.8 Jun 2025 quarterly Sep 1960 - Jun 2025
Austria (%) 0.6 Sep 2025 quarterly Mar 1989 - Sep 2025
Azerbaijan (%) 2.5 Jun 2025 quarterly Mar 2001 - Jun 2025
Bahrain (%) 2.5 Jun 2025 quarterly Mar 2009 - Jun 2025
Bangladesh (%) 4.0 2025 yearly 2007 - 2025
Belarus (%) 1.0 Jun 2025 quarterly Mar 2006 - Jun 2025
Belgium (%) 1.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Bolivia (%) -2.6 Dec 2024 quarterly Mar 1991 - Dec 2024
Bosnia and Herzegovina (%) 1.8 Jun 2025 quarterly Mar 2009 - Jun 2025
Botswana (%) -5.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Brazil (%) 2.6 Jun 2025 quarterly Mar 1997 - Jun 2025
Brunei (%) -0.3 Jun 2025 quarterly Mar 2005 - Jun 2025
Bulgaria (%) 3.2 Sep 2025 quarterly Mar 1996 - Sep 2025
Cambodia (%) 5.1 2022 yearly 1994 - 2022
Canada (%) 1.4 Sep 2025 quarterly Mar 1962 - Sep 2025
Chile (%) 1.9 Sep 2025 quarterly Mar 1987 - Sep 2025
China (%) 4.8 Sep 2025 quarterly Mar 1992 - Sep 2025
Colombia (%) 3.4 Sep 2025 quarterly Mar 2001 - Sep 2025
Croatia (%) 2.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Cyprus (%) 3.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Czech Republic (%) 2.8 Sep 2025 quarterly Mar 1997 - Sep 2025
Denmark (%) 3.9 Sep 2025 quarterly Mar 1992 - Sep 2025
Ecuador (%) 4.1 Jun 2025 quarterly Mar 1994 - Jun 2025
Egypt (%) 5.3 Sep 2025 quarterly Sep 2002 - Sep 2025
Estonia (%) 0.9 Sep 2025 quarterly Mar 1996 - Sep 2025
European Union (%) 1.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Finland (%) -0.7 Sep 2025 quarterly Mar 1976 - Sep 2025
France (%) 0.9 Sep 2025 quarterly Mar 1950 - Sep 2025
Georgia (%) 7.4 Jun 2025 quarterly Mar 1998 - Jun 2025
Germany (%) 0.3 Sep 2025 quarterly Mar 1992 - Sep 2025
Ghana (%) 1.4 Jun 2025 quarterly Jun 2006 - Jun 2025
Greece (%) 1.7 Jun 2025 quarterly Mar 1996 - Jun 2025
Hong Kong SAR, China (%) 3.9 Sep 2025 quarterly Mar 1991 - Sep 2025
Hungary (%) 0.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Iceland (%) 0.2 Sep 2025 quarterly Mar 1996 - Sep 2025
India (%) 8.2 Sep 2025 quarterly Jun 2005 - Sep 2025
Indonesia (%) 5.0 Sep 2025 quarterly Mar 1994 - Sep 2025
Iran (%) -0.4 Jun 2025 quarterly Jun 1989 - Jun 2025
Ireland (%) 12.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Israel (%) 3.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Italy (%) 0.4 Sep 2025 quarterly Mar 1982 - Sep 2025
Ivory Coast (%) 6.0 2024 yearly 1966 - 2024
Japan (%) 1.1 Sep 2025 quarterly Mar 1956 - Sep 2025
Jordan (%) 2.8 Jun 2025 quarterly Mar 1993 - Jun 2025
Kazakhstan (%) 7.5 Jun 2025 quarterly Mar 1995 - Jun 2025
Kenya (%) 5.1 Jun 2025 quarterly Mar 2010 - Jun 2025
South Korea (%) 1.7 Sep 2025 quarterly Mar 1961 - Sep 2025
Kosovo (%) 4.6 Jun 2025 quarterly Mar 2011 - Jun 2025
Kuwait (%) -2.1 Jun 2025 quarterly Jun 2010 - Jun 2025
Kyrgyzstan (%) 10.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Laos (%) 4.3 2024 yearly 2003 - 2024
Latvia (%) 1.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Lebanon (%) 0.5 2023 yearly 2012 - 2023
Lithuania (%) 2.1 Sep 2025 quarterly Jun 1995 - Sep 2025
Luxembourg (%) -0.2 Jun 2025 quarterly Mar 1996 - Jun 2025
Macau SAR, China (%) 8.0 Sep 2025 quarterly Mar 2002 - Sep 2025
North Macedonia (%) 3.4 Jun 2025 quarterly Mar 2001 - Jun 2025
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 5.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 4.2 Mar 2025 quarterly Mar 2001 - Mar 2025
Mexico (%) -0.2 Sep 2025 quarterly Mar 1981 - Sep 2025
Moldova (%) 1.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Mongolia (%) 6.5 Sep 2025 quarterly Mar 2011 - Sep 2025
Montenegro (%) 3.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Morocco (%) 5.5 Jun 2025 quarterly Mar 2008 - Jun 2025
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 2.2 Dec 2024 quarterly Dec 2004 - Dec 2024
Netherlands (%) 1.4 Sep 2025 quarterly Mar 1997 - Sep 2025
New Zealand (%) 0.0 Jun 2025 quarterly Jun 1983 - Jun 2025
Nigeria (%) 4.2 Jun 2025 quarterly Mar 2011 - Jun 2025
Norway (%) 2.2 Sep 2025 quarterly Mar 1979 - Sep 2025
Oman (%) 1.6 2024 yearly 1999 - 2024
Pakistan (%) 3.7 2025 yearly 2001 - 2025
Palestinian Territory (%) 0.5 Jun 2025 quarterly Jun 2000 - Jun 2025
Panama (%) 3.4 Jun 2025 quarterly Mar 2008 - Jun 2025
Paraguay (%) 5.9 Jun 2025 quarterly Mar 1995 - Jun 2025
Peru (%) 3.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Philippines (%) 4.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Poland (%) 3.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 1.9 Jun 2025 quarterly Mar 2012 - Jun 2025
Romania (%) 1.4 Sep 2025 quarterly Mar 1996 - Sep 2025
Russia (%) 1.3 Jun 2025 quarterly Mar 1996 - Jun 2025
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 2.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Singapore (%) 4.2 Sep 2025 quarterly Mar 1976 - Sep 2025
Slovakia (%) 0.9 Sep 2025 quarterly Mar 1994 - Sep 2025
Slovenia (%) 1.6 Sep 2025 quarterly Mar 1996 - Sep 2025
South Africa (%) 1.1 Jun 2025 quarterly Mar 1961 - Jun 2025
Spain (%) 2.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Sri Lanka (%) 4.9 Jun 2025 quarterly Mar 2011 - Jun 2025
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) 2.5 Sep 2025 quarterly Mar 1982 - Sep 2025
Switzerland (%) 0.5 Sep 2025 quarterly Mar 1966 - Sep 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 740.274 Sep 2025 monthly Jan 1995 - Sep 2025
Tax Revenue: % of GDP (%) 8.0 Jun 2025 quarterly Mar 2007 - Jun 2025
National Government Debt (USD mn) 58,832.7 Oct 2025 monthly Jul 2004 - Oct 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 693,972.524 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue (PAB th) 2,942,813.523 Dec 2024 monthly Jan 1995 - Dec 2024
Public Debt: Domestic (USD mn) 9,460.795 Jan 2025 monthly Jul 2004 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,108.4 Sep 2025 monthly Jan 1964 - Sep 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 0.6 Sep 2025 monthly Jan 2001 - Sep 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,192.3 Sep 2025 monthly Jan 2000 - Sep 2025
Total Imports Growth (%) 2.0 Sep 2025 monthly Jan 2001 - Sep 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 35.282 Aug 2025 monthly Jan 1970 - Aug 2025
Total Imports from USA (USD mn) 211.345 Aug 2025 monthly Jan 1967 - Aug 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 165.039 Aug 2025 monthly Mar 1989 - Aug 2025
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB (PAB th) 84,431.775 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
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
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -1,419.8 Jun 2025 quarterly Mar 2013 - Jun 2025
Current Account Balance (USD mn) 522.5 Jun 2025 quarterly Mar 1998 - Jun 2025
Current Account Balance: % of GDP (%) 2.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Direct Investment (USD mn) -887.1 Jun 2025 quarterly Mar 1998 - Jun 2025
Foreign Direct Investment: % of GDP (%) -4.4 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.2 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
External Debt (USD mn) 48,132.1 Oct 2025 monthly Jul 2004 - Oct 2025
External Debt: % of GDP (%) 169.8 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 (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -76,500.694 Jun 2025 quarterly Mar 2002 - Jun 2025
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 824.140 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Debit (PAB mn) -5,833.509 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 Sep 2024 quarterly Mar 2015 - Sep 2024
Foreign Direct Investment (FDI) (PAB mn) 726.814 Sep 2024 quarterly Mar 2013 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Oct 2025 monthly Dec 2008 - Oct 2025
Household Debt: % of GDP (%) 37.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Non-Performing Loans (USD mn) 1,501.738 Oct 2025 monthly Dec 2008 - Oct 2025
Money Supply M1 (USD mn) 9,045.180 Sep 2025 monthly Dec 2002 - Sep 2025
Money Supply M2 (USD mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
M2 Growth (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Foreign Exchange Reserves (USD mn) 4,972.0 Oct 2025 monthly Oct 1969 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 4.744 Jun 2025 quarterly Dec 2007 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 3.1 Sep 2025 monthly Jan 2000 - Sep 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,289.651 Oct 2025 monthly Dec 1998 - Oct 2025
Total Deposits Growth (%) 5.9 Oct 2025 monthly Dec 1999 - Oct 2025
Domestic Credit (USD mn) 65,123.3 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 1.6 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 33,838.9 Oct 2025 monthly Oct 2005 - Oct 2025
Total Loans (USD mn) 102,246.063 Oct 2025 monthly Dec 1998 - Oct 2025
Total Loans Growth (%) 5.29 Oct 2025 monthly Dec 1999 - Oct 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,436.337 Oct 2025 monthly Dec 2002 - Oct 2025

More Indicators for Panama

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