Panama GDP Growth Rate YoY
Because of the world-famous Panama Canal, which links the Atlantic and Pacific Oceans, as well as business-friendly policies, Panama has become one of the fastest-growing economies in the Americas. As a result, the service industry, which includes insurance, banking, legal businesses, and the flagship registry, accounts for 80% of the country's gross domestic product.
A higher than expected figure should be seen as positive (bullish) for the PAB while a lower than expected figure should be seen as negative (bearish) for the PAB.
Category:
GDP Annual Growth Rate
Units:
Percent
Latest Release
Previous:
9.8%
Consensus:
9%
Actual:
9.5%
Next Release
No data
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