GDP reading: GDP rebounded 3.9% on a seasonally adjusted quarter on quarter basis in the third quarter, contrasting the 1.7%...
Industry in Panama
The economy recorded average industrial output growth of 8.2% in the decade to 2021. In 2021, industrial output growth was 36.0%, up from the -31.9% reading of the prior year. For more industry information, visit our dedicated page.
Panama Industry Chart
Note: This chart displays Industry (ann. var. %) for Panama from 2022 to 2023.
Source: Macrobond.
Panama Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industry (ann. var. %) | 1.7 | -33.6 | 30.4 | 11.9 | 12.3 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Panamanian industry projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Panamanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Panamanian industry projections.
Want to get access to the full dataset of Panamanian industry forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
-
Argentina: GDP rebounds in the third quarter -
New Zealand: GDP contracts steeply in the third quarter GDP reading: GDP contracted 1.0% on a seasonally adjusted quarter on quarter basis in the third quarter, above the 1.1%... -
United Kingdom: Economy shrinks mildly in October GDP reading: GDP decreased 0.1% month-on-month in seasonally adjusted terms in October (September: -0.1% mom), contrasting market expectations for an... -
Luxembourg: Slowest GDP growth since Q4 2023 in Q3 Economy decelerates, falling short of market expectations: GDP growth slowed to 0.2% on a seasonally adjusted quarter-on-quarter basis in Q3... -
Saudi Arabia: Second reading confirms that economy recorded best result since Q1 2023 in Q3 GDP growth matches preliminary reading: GDP rebounded in Q3, expanding 2.8% year on year, matching the preliminary reading, above the... -
Euro Area: GDP growth records fastest upturn in two years in Q3 Economic growth accelerates in Q3: A detailed release confirmed that GDP growth improved to 0.4% on a seasonally adjusted quarter-on-quarter... -
Greece: GDP growth slows in the third quarter Growth eases in Q3: GDP growth slowed to 0.3% on a seasonally adjusted quarter-on-quarter basis in the third quarter, down...