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 (%) 6.526 Sep 2024 quarterly Mar 2009 - Sep 2024
Algeria (%) 3.990 Sep 2024 quarterly Mar 2000 - Sep 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 (%) 5.817 Sep 2024 quarterly Mar 2002 - Sep 2024
Bahrain (%) -0.880 Sep 2024 quarterly Mar 2008 - Sep 2024
Bangladesh (%) 11.397 2024 yearly 2007 - 2024
Belarus (%) 13.274 Sep 2024 quarterly Mar 1995 - Sep 2024
Belgium (%) 3.387 Sep 2024 quarterly Mar 1981 - Sep 2024
Bolivia (%) 6.158 Sep 2024 quarterly Mar 1991 - Sep 2024
Bosnia and Herzegovina (%) 1.927 Sep 2024 quarterly Mar 2009 - Sep 2024
Botswana (%) 0.082 Sep 2024 quarterly Sep 1994 - Sep 2024
Brazil (%) 9.788 Dec 2024 quarterly Mar 1991 - Dec 2024
Brunei (%) 1.005 Sep 2024 quarterly Mar 2005 - Sep 2024
Bulgaria (%) 7.546 Dec 2024 quarterly Mar 1996 - Dec 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 (%) 4.619 Dec 2024 quarterly Mar 1993 - Dec 2024
Colombia (%) 10.746 Dec 2024 quarterly Mar 2001 - Dec 2024
Croatia (%) 8.670 Sep 2024 quarterly Mar 1996 - Sep 2024
Cyprus (%) 5.691 Sep 2024 quarterly Mar 1996 - Sep 2024
Czech Republic (%) 5.386 Sep 2024 quarterly Mar 1996 - Sep 2024
Denmark (%) 9.999 Dec 2024 quarterly Mar 1991 - Dec 2024
Ecuador (%) 2.842 Sep 2024 quarterly Mar 1992 - Sep 2024
Egypt (%) 37.605 Sep 2024 quarterly Sep 2002 - Sep 2024
Estonia (%) 3.955 Sep 2024 quarterly Mar 1996 - Sep 2024
European Union (%) 4.304 Sep 2024 quarterly Mar 1996 - Sep 2024
Finland (%) 1.977 Sep 2024 quarterly Mar 1991 - Sep 2024
France (%) 2.257 Dec 2024 quarterly Mar 1950 - Dec 2024
Georgia (%) 15.756 Sep 2024 quarterly Mar 1997 - Sep 2024
Germany (%) 2.271 Dec 2024 quarterly Mar 1961 - Dec 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 (%) 5.347 Dec 2024 quarterly Mar 1974 - Dec 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 (%) 7.020 Dec 2024 quarterly Mar 1994 - Dec 2024
Iran (%) 35.070 Mar 2024 quarterly Jun 1989 - Mar 2024
Ireland (%) -1.208 Jun 2024 quarterly Mar 1996 - Jun 2024
Israel (%) 12.242 Dec 2024 quarterly Mar 1996 - Dec 2024
Italy (%) 4.543 Sep 2024 quarterly Mar 1981 - Sep 2024
Ivory Coast (%) 681.695 Mar 2023 quarterly Mar 1998 - Mar 2023
Japan (%) 4.112 Dec 2024 quarterly Mar 1981 - Dec 2024
Jordan (%) 4.600 Sep 2024 quarterly Mar 1993 - Sep 2024
Kazakhstan (%) 15.632 Dec 2023 quarterly Mar 1995 - Dec 2023
Kenya (%) 8.271 Sep 2024 quarterly Mar 2010 - Sep 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 (%) 3.064 Sep 2024 quarterly Mar 1996 - Sep 2024
Lebanon (%) 19.333 2020 yearly 1998 - 2020
Lithuania (%) 6.194 Sep 2024 quarterly Mar 1996 - Sep 2024
Luxembourg (%) 4.729 Sep 2024 quarterly Mar 1996 - Sep 2024
Macau SAR, China (%) 6.202 Sep 2024 quarterly Mar 1999 - Sep 2024
North Macedonia (%) 6.209 Sep 2024 quarterly Mar 2001 - Sep 2024
Malawi (%) 31.544 2023 yearly 2003 - 2023
Malaysia (%) 5.497 Dec 2024 quarterly Mar 1992 - Dec 2024
Malta (%) 7.995 Sep 2024 quarterly Mar 1996 - Sep 2024
Mauritius (%) 9.785 Sep 2024 quarterly Mar 2000 - Sep 2024
Mexico (%) 6.870 Sep 2024 quarterly Mar 1994 - Sep 2024
Moldova (%) 12.440 Sep 2024 quarterly Mar 1996 - Sep 2024
Mongolia (%) 7.942 Dec 2024 quarterly Mar 2001 - Dec 2024
Montenegro (%) 7.679 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 5.964 Sep 2024 quarterly Mar 2008 - Sep 2024
Mozambique (%) 11.026 2023 yearly 1964 - 2023
Nepal (%) 6.662 2024 yearly 2002 - 2024
Netherlands (%) 6.420 Dec 2024 quarterly Mar 1989 - Dec 2024
New Zealand (%) 1.644 Sep 2024 quarterly Jun 1988 - Sep 2024
Nigeria (%) 18.914 Dec 2024 quarterly Mar 2011 - Dec 2024
Norway (%) 2.150 Dec 2024 quarterly Mar 1979 - Dec 2024
Oman (%) 3.409 Sep 2024 quarterly Mar 2006 - Sep 2024
Pakistan (%) 25.810 2024 yearly 2001 - 2024
Palestinian Territory (%) -26.929 Sep 2024 quarterly Mar 2001 - Sep 2024
Panama (%) 2.051 Sep 2024 quarterly Mar 2008 - Sep 2024
Paraguay (%) 6.257 Sep 2024 quarterly Mar 1995 - Sep 2024
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 7.442 Dec 2024 quarterly Mar 1982 - Dec 2024
Poland (%) 7.752 Dec 2024 quarterly Mar 1996 - Dec 2024
Portugal (%) 10.841 Dec 2022 quarterly Mar 1996 - Dec 2022
Qatar (%) 1.759 Sep 2024 quarterly Mar 2012 - Sep 2024
Romania (%) 10.246 Sep 2024 quarterly Mar 1996 - Sep 2024
Russia (%) 19.527 Mar 2024 quarterly Mar 1994 - Mar 2024
Saudi Arabia (%) 1.031 Sep 2024 quarterly Mar 2004 - Sep 2024
Serbia (%) 9.102 Sep 2024 quarterly Mar 1996 - Sep 2024
Singapore (%) 6.963 Dec 2024 quarterly Mar 1976 - Dec 2024
Slovakia (%) 4.392 Sep 2024 quarterly Mar 1996 - Sep 2024
Slovenia (%) 3.637 Dec 2024 quarterly Mar 1996 - Dec 2024
South Africa (%) 4.400 Sep 2024 quarterly Mar 1961 - Sep 2024
Spain (%) 5.880 Dec 2024 quarterly Mar 1971 - Dec 2024
Sri Lanka (%) 8.262 Sep 2024 quarterly Mar 2003 - Sep 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) 693.973 Dec 2024 monthly Jan 1995 - Dec 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,655.2 Jan 2025 monthly Jul 2004 - Jan 2025
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) 2,942,813.523 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: Tax: Direct: Total (PAB th) 487,361.403 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) -1,059.7 Dec 2024 monthly Jan 1964 - Dec 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 20.8 Dec 2024 monthly Jan 2001 - Dec 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) 1,144.1 Dec 2024 monthly Jan 2000 - Dec 2024
Total Imports Growth (%) -1.9 Dec 2024 monthly Jan 2001 - Dec 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) 13.703 Oct 2024 monthly Jan 1970 - Oct 2024
Total Imports from USA (USD mn) 213.108 Oct 2024 monthly Jan 1967 - Oct 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 239.808 Oct 2024 monthly Mar 1989 - Oct 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: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB: Prawn (PAB th) 11,096.530 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: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 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) 52.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Current Account Balance (USD mn) 824.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance: % of GDP (%) 3.9 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Direct Investment (USD mn) 726.8 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment: % of GDP (%) 3.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -1.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
External Debt (USD mn) 44,194.4 Jan 2025 monthly Jul 2004 - Jan 2025
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) -78,418.321 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 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 (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 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: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 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: Debit (PAB mn) -5,833.509 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: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 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: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 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 Dec 2024 monthly Dec 2008 - Dec 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,468.720 Dec 2024 monthly Dec 2008 - Dec 2024
Money Supply M1 (USD mn) 8,808.100 Nov 2024 monthly Dec 2002 - Nov 2024
Money Supply M2 (USD mn) 42,168.740 Nov 2024 monthly Dec 2002 - Nov 2024
M2 Growth (%) 8.4 Nov 2024 monthly Dec 2003 - Nov 2024
Foreign Exchange Reserves (USD mn) 5,610.8 Jan 2025 monthly Oct 1969 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.5 Dec 2024 monthly Jan 2000 - Dec 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 110,484.526 Dec 2024 monthly Dec 1998 - Dec 2024
Total Deposits Growth (%) 5.1 Dec 2024 monthly Dec 1999 - Dec 2024
Domestic Credit (USD mn) 63,585.5 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit Growth (%) 4.9 Dec 2024 monthly Dec 2002 - Dec 2024
Household Debt (USD mn) 32,866.2 Dec 2024 monthly Oct 2005 - Dec 2024
Total Loans (USD mn) 97,419.720 Dec 2024 monthly Dec 1998 - Dec 2024
Total Loans Growth (%) 8.86 Dec 2024 monthly Dec 1999 - Dec 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 42,168.740 Nov 2024 monthly Dec 2002 - Nov 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,113.420 Dec 2024 monthly Dec 2002 - Dec 2024

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