Panama Nominal GDP Growth

2008 - 2024 | Quarterly | % | CEIC Data

Key information about Panama Nominal GDP Growth

  • Panama Nominal GDP Growth was reported at 2.051 % in Sep 2024.
  • This records a decrease from the previous number of 3.631 % for Jun 2024.
  • Panama Nominal GDP Growth data is updated quarterly, averaging 8.736 % from Mar 2008 to Sep 2024, with 67 observations.
  • The data reached an all-time high of 47.398 % in Jun 2021 and a record low of -37.417 % in Jun 2020.
  • Panama Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The National Institute of Statistics and Census provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2019 is based on SNA 1993.

View Panama's Nominal GDP Growth from Mar 2008 to Sep 2024 in the chart:

Panama Nominal GDP Growth

What was Panama's Nominal GDP Growth in Sep 2024?

Panama Nominal GDP Growth was reported at 2.051 % in Sep 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.051 Sep 2024 3.631 Jun 2024 -37.417 Jun 2020 47.398 Jun 2021 % quarterly Mar 2008 - Sep 2024

Nominal GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 7.871 Jun 2024 quarterly Mar 2009 - Jun 2024
Algeria (%) 6.213 Mar 2024 quarterly Mar 2000 - Mar 2024
Argentina (%) 208.098 Sep 2024 quarterly Mar 1994 - Sep 2024
Armenia (%) 6.354 Sep 2024 quarterly Dec 1995 - Sep 2024
Australia (%) 3.547 Sep 2024 quarterly Sep 1960 - Sep 2024
Austria (%) 1.603 Sep 2024 quarterly Mar 1996 - Sep 2024
Azerbaijan (%) 2.381 Jun 2024 quarterly Mar 2002 - Jun 2024
Bahrain (%) 2.392 Jun 2024 quarterly Mar 2008 - Jun 2024
Bangladesh (%) 12.407 2024 yearly 2007 - 2024
Belarus (%) 15.793 Jun 2024 quarterly Mar 1995 - Jun 2024
Belgium (%) 3.003 Jun 2024 quarterly Mar 1981 - Jun 2024
Bolivia (%) 5.208 Jun 2024 quarterly Mar 1991 - Jun 2024
Bosnia and Herzegovina (%) 2.641 Jun 2024 quarterly Mar 2009 - Jun 2024
Botswana (%) -2.189 Jun 2024 quarterly Sep 1994 - Jun 2024
Brazil (%) 8.741 Sep 2024 quarterly Mar 1991 - Sep 2024
Brunei (%) 7.833 Jun 2024 quarterly Mar 2005 - Jun 2024
Bulgaria (%) 9.514 Sep 2024 quarterly Mar 1996 - Sep 2024
Cambodia (%) 8.798 2022 yearly 1994 - 2022
Canada (%) 4.311 Sep 2024 quarterly Mar 1958 - Sep 2024
Chile (%) 9.139 Sep 2024 quarterly Mar 1991 - Sep 2024
China (%) 4.042 Sep 2024 quarterly Mar 1993 - Sep 2024
Colombia (%) 8.580 Sep 2024 quarterly Mar 2001 - Sep 2024
Croatia (%) 8.670 Sep 2024 quarterly Mar 1996 - Sep 2024
Cyprus (%) 5.660 Sep 2024 quarterly Mar 1996 - Sep 2024
Czech Republic (%) 5.202 Sep 2024 quarterly Mar 1996 - Sep 2024
Denmark (%) 8.318 Sep 2024 quarterly Mar 1991 - Sep 2024
Ecuador (%) 3.653 Jun 2024 quarterly Mar 1992 - Jun 2024
Egypt (%) 35.403 Jun 2024 quarterly Sep 2002 - Jun 2024
Estonia (%) 3.955 Sep 2024 quarterly Mar 1996 - Sep 2024
European Union (%) 4.061 Jun 2024 quarterly Mar 1996 - Jun 2024
Finland (%) 0.344 Jun 2024 quarterly Mar 1991 - Jun 2024
France (%) 3.743 Sep 2024 quarterly Mar 1950 - Sep 2024
Georgia (%) 12.367 Jun 2024 quarterly Mar 1997 - Jun 2024
Germany (%) 2.440 Sep 2024 quarterly Mar 1961 - Sep 2024
Ghana (%) 30.729 Sep 2024 quarterly Mar 2007 - Sep 2024
Greece (%) 5.660 Sep 2024 quarterly Mar 1996 - Sep 2024
Hong Kong SAR, China (%) 6.069 Sep 2024 quarterly Mar 1974 - Sep 2024
Hungary (%) 6.245 Sep 2024 quarterly Mar 1996 - Sep 2024
Iceland (%) 4.332 Jun 2024 quarterly Mar 1996 - Jun 2024
India (%) 8.043 Sep 2024 quarterly Jun 1997 - Sep 2024
Indonesia (%) 6.495 Sep 2024 quarterly Mar 1994 - Sep 2024
Iran (%) 35.070 Mar 2024 quarterly Jun 1989 - Mar 2024
Ireland (%) -1.208 Jun 2024 quarterly Mar 1996 - Jun 2024
Israel (%) 4.321 Sep 2024 quarterly Mar 1996 - Sep 2024
Italy (%) 4.543 Sep 2024 quarterly Mar 1981 - Sep 2024
Ivory Coast (%) 681.695 Mar 2023 quarterly Mar 1998 - Mar 2023
Japan (%) 2.798 Sep 2024 quarterly Mar 1981 - Sep 2024
Jordan (%) 3.975 Jun 2024 quarterly Mar 1993 - Jun 2024
Kazakhstan (%) 15.632 Dec 2023 quarterly Mar 1995 - Dec 2023
Kenya (%) 7.780 Jun 2024 quarterly Mar 2010 - Jun 2024
South Korea (%) 4.972 Sep 2024 quarterly Mar 1961 - Sep 2024
Kosovo (%) 6.248 Sep 2024 quarterly Mar 2011 - Sep 2024
Kuwait (%) 3.246 Jun 2024 quarterly Mar 2011 - Jun 2024
Kyrgyzstan (%) 11.819 Sep 2024 quarterly Mar 2001 - Sep 2024
Laos (%) 23.128 2023 yearly 1985 - 2023
Latvia (%) 2.096 Jun 2024 quarterly Mar 1996 - Jun 2024
Lebanon (%) 19.333 2020 yearly 1998 - 2020
Lithuania (%) 5.909 Sep 2024 quarterly Mar 1996 - Sep 2024
Luxembourg (%) 2.967 Jun 2024 quarterly Mar 1996 - Jun 2024
Macau SAR, China (%) 6.202 Sep 2024 quarterly Mar 1999 - Sep 2024
North Macedonia (%) 7.276 Jun 2024 quarterly Mar 2001 - Jun 2024
Malawi (%) 10.386 2021 yearly 2003 - 2021
Malaysia (%) 5.933 Sep 2024 quarterly Mar 1992 - Sep 2024
Malta (%) 7.995 Sep 2024 quarterly Mar 1996 - Sep 2024
Mauritius (%) 14.332 Jun 2024 quarterly Mar 2000 - Jun 2024
Mexico (%) 6.870 Sep 2024 quarterly Mar 1994 - Sep 2024
Moldova (%) 12.440 Sep 2024 quarterly Mar 1996 - Sep 2024
Mongolia (%) 14.383 Sep 2024 quarterly Mar 2001 - Sep 2024
Montenegro (%) 7.679 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 3.615 Jun 2024 quarterly Mar 2008 - Jun 2024
Mozambique (%) 11.026 2023 yearly 1964 - 2023
Nepal (%) 6.662 2024 yearly 2002 - 2024
Netherlands (%) 6.265 Sep 2024 quarterly Mar 1989 - Sep 2024
New Zealand (%) 3.165 Jun 2024 quarterly Jun 1988 - Jun 2024
Nigeria (%) 17.265 Sep 2024 quarterly Mar 2011 - Sep 2024
Norway (%) 3.498 Sep 2024 quarterly Mar 1979 - Sep 2024
Oman (%) 4.546 Jun 2024 quarterly Mar 2006 - Jun 2024
Pakistan (%) 26.432 2024 yearly 2001 - 2024
Palestinian Territory (%) -34.320 Jun 2024 quarterly Mar 2001 - Jun 2024
Panama (%) 2.051 Sep 2024 quarterly Mar 2008 - Sep 2024
Paraguay (%) 8.679 Jun 2024 quarterly Mar 1995 - Jun 2024
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 8.515 Sep 2024 quarterly Mar 1982 - Sep 2024
Poland (%) 5.845 Jun 2024 quarterly Mar 1996 - Jun 2024
Portugal (%) 10.841 Dec 2022 quarterly Mar 1996 - Dec 2022
Qatar (%) -10.389 Dec 2023 quarterly Mar 2012 - Dec 2023
Romania (%) 10.092 Sep 2024 quarterly Mar 1996 - Sep 2024
Russia (%) 19.527 Mar 2024 quarterly Mar 1994 - Mar 2024
Saudi Arabia (%) 4.510 Jun 2024 quarterly Mar 2004 - Jun 2024
Serbia (%) 9.102 Sep 2024 quarterly Mar 1996 - Sep 2024
Singapore (%) 8.423 Sep 2024 quarterly Mar 1976 - Sep 2024
Slovakia (%) 4.392 Sep 2024 quarterly Mar 1996 - Sep 2024
Slovenia (%) 3.950 Sep 2024 quarterly Mar 1996 - Sep 2024
South Africa (%) 4.400 Sep 2024 quarterly Mar 1961 - Sep 2024
Spain (%) 6.688 Sep 2024 quarterly Mar 1971 - Sep 2024
Sri Lanka (%) 8.448 Mar 2024 quarterly Mar 2003 - Mar 2024
Sudan (%) 103.797 2020 yearly 1961 - 2020
Sweden (%) 3.008 Sep 2024 quarterly Mar 1981 - Sep 2024
Switzerland (%) 4.113 Dec 2022 quarterly Mar 1981 - Dec 2022
Syria (%) 113.698 2022 yearly 1971 - 2022

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Panama Key Series

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) 376.798 Oct 2024 monthly Jan 1995 - Oct 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,809.6 Oct 2024 monthly Jul 2004 - Oct 2024
Government Debt: % of GDP (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue (PAB th) 509,360.329 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 150,376.752 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 376,797.799 Oct 2024 monthly Jan 1995 - Oct 2024
Public Debt: Domestic (USD mn) 9,723.943 Oct 2024 monthly Jul 2004 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -71.9 Oct 2024 monthly Jan 2001 - Oct 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 329,464.345 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 10,079.101 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,349.5 Oct 2024 monthly Jan 2000 - Oct 2024
Total Imports Growth (%) 8.2 Oct 2024 monthly Jan 2001 - Oct 2024
Imports: Medicament (USD th) 1,071,085.390 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 333,744.579 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 15.472 Aug 2024 monthly Jan 1970 - Aug 2024
Total Imports from USA (USD mn) 212.491 Aug 2024 monthly Jan 1967 - Aug 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 233.776 Aug 2024 monthly Mar 1989 - Aug 2024
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
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 94.7 Jun 2024 quarterly Mar 2013 - Jun 2024
Current Account Balance (USD mn) 434.7 Jun 2024 quarterly Mar 1998 - Jun 2024
Current Account Balance: % of GDP (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Direct Investment (USD mn) 731.9 Jun 2024 quarterly Mar 1998 - Jun 2024
Foreign Direct Investment: % of GDP (%) 3.8 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 0.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
External Debt (USD mn) 44,085.7 Oct 2024 monthly Jul 2004 - Oct 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) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -74,373.797 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: Net Errors and Omissions (PAB mn) -1,074.780 Jun 2024 quarterly Mar 2013 - Jun 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 434.679 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Debit (PAB mn) -6,501.463 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Credit (PAB mn) 3,860.024 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income (PAB mn) -699.429 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Debit (PAB mn) -1,204.292 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods (PAB mn) -2,641.439 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Credit (PAB mn) 1,040.920 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financing: Reserve Assets (PAB mn) 2,511.505 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Credit (PAB mn) 4,997.525 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Debit (PAB mn) -1,740.348 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financial Account (FA) (PAB mn) -1,712.281 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Direct Investment (PAB mn) 637.235 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Credit (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,071.876 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services (PAB mn) 3,793.233 Jun 2024 quarterly Mar 2013 - Jun 2024
International Investment Position (IIP) (USD mn) -74,373.797 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Liabilities (USD mn) 178,485.854 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Assets (USD mn) 104,112.057 Jun 2024 quarterly Mar 2015 - Jun 2024
Foreign Direct Investment (FDI) (PAB mn) 731.906 Jun 2024 quarterly Mar 2013 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Oct 2024 monthly Dec 2008 - Oct 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,559.690 Oct 2024 monthly Dec 2008 - Oct 2024
Money Supply M1 (USD mn) 8,749.080 Jul 2024 monthly Dec 2002 - Jul 2024
Money Supply M2 (USD mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
M2 Growth (%) 8.7 Jul 2024 monthly Dec 2003 - Jul 2024
Foreign Exchange Reserves (USD mn) 5,684.4 Oct 2024 monthly Oct 1969 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2000 - Oct 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,351.873 Sep 2024 monthly Dec 1998 - Sep 2024
Total Deposits Growth (%) 6.8 Sep 2024 monthly Dec 1999 - Sep 2024
Domestic Credit (USD mn) 64,079.3 Oct 2024 monthly Dec 2001 - Oct 2024
Domestic Credit Growth (%) 5.8 Oct 2024 monthly Dec 2002 - Oct 2024
Household Debt (USD mn) 32,710.8 Oct 2024 monthly Oct 2005 - Oct 2024
Total Loans (USD mn) 96,404.929 Sep 2024 monthly Dec 1998 - Sep 2024
Total Loans Growth (%) 8.77 Sep 2024 monthly Dec 1999 - Sep 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024

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