panama gross domestic product

GDP (Nominal) of 193 countries as of 2018 and 2019 by IMF. Production Method: The sum of all value added to each stage of production of all goods and services. Gross Domestic Product (GDP) is the total value of the goods and services that are produced within a country's borders by citizens and non-citizens in a fiscal year. Panama's economy is pegged to the dollar and the service industry is the biggest in the country, accounting for about 65.2% of Panama’s GDP and employing 67.2% of the workforce. Canada GDP (Gross Domestic Product) was INT$1,646.52billion for 2019 in PPP terms. GDP (Nominal) of 193 countries as of 2018 and 2019 by IMF. This rate is 19 -tenths of one percent less than the figure of 5.6% published in 2017. School enrollment, primary (% gross) Details. Panama is full of history. The rates of economic growth come from the CIA World Factbook. Gross domestic product by country (2012) Guatemala has the highest gross domestic product in Central America, followed by Panama, Costa Rica and El Salvador.The GDP data are based on data from the World Bank corresponding to 2012. Sts. Nominal Gross Domestic Product for Panama from Instituto Nacional De Estadistica y Censo (INEC) for the GDP by Expenditure release. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. GDP plunged 38.4% year-on-year in the second quarter, after logging 0.4% growth in the first quarter. Real GDP Growth YoY data in Panama is updated quarterly, available from Mar 2008 to Mar 2020, with an average rate of 5.5 %. The GDP per Capita in Panama is equivalent to 94 percent of the world's average. The document " World Economic Outlook ", prepared by the International Monetary Fund (IMF), states that for Panama the projected growth of the Gross Domestic Product (GDP) for 2019 was reduced from 5% to 4.3%. Powered by Create your own unique website with customizable templates. PANAMA’S gross domestic product (GDP) increased 5.2% in the second quarter representing $450.7 million compared to the same period last year. The lowest data : 1980 is the lowest year for the indicator : GDP - Gross Domestic Product (billion $ US). The data reached an all-time high of 13.6 % in Jun 2008 and a record low of 0.2 % in Dec 2009. November 24, 2020. GDP PPP based on: 2011 International Dollars. World Economics Limited. The data reached an all-time high of 62.397 USD bn in 2019 and a record low of 476.970 USD mn in 1960. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Country Report 2017 - Includes Panama real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Panama : 36 records since 1980 , the average of these recordings : 14.45 billion $ US The highest data : 2015 is the highest year for the indicator : GDP - Gross Domestic Product (billion $ US). Average annual growth was 7.2 percent between 2001 and 2013, more than double the regional average. During 2017 the Gross Domestic Product (GDP) of Panama grew 5.4%, that is to say B / 2.042.7 million, representing an improvement compared to the growth of 5.0% of the previous year, according to official figures from the National Institute of Statistics and Census (INEC). Life expectancy was higher in Panama with people, on average, living three years longer than in Peru. Gross domestic product (GDP) is the total value of everything produced within a country's borders. It eventually formed the nucleus of the country’s economy while instituting Panama in the global commercial map. GDP (gross domestic product) Cultural Activity; The GDP of Panama is $36.25 billion. Data from World bank and The World Factbook includes gdp and year estimated for. Life expectancy at birth, total (years) Details. Changes in gdp and their respective ranking of economies in 2019. Details. value of exports of goods and services), less the f.o.b. The Panama Railway was built by the United States across Panama in 1855. Compounded with the residential component (8.6%), construction today represents an astounding 25.6% of Panama’s gross domestic product (GDP). Most American countries use a national income accounting standard that fails to record the informal economy. within the Panamanian gross domestic product (from 6.6% to 17.0%). Sts. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. source: World Bank 10Y 25Y PANAMA IS MORE THAN A CANAL. The economy of Panama is centered on a highly-developed services sector, which represents more than 75% of gross domestic product (GDP). The Panama Canal and use of the U.S. dollar have promoted the strengthening of a globally-oriented services economy. Panama gdp for 2016 was $57.91B, a 7.05% increase from 2015. Indeed the Panama Canal has had a massive transformative effect on world maritime commerce over the year, while from a local perspective it contributes some 20 percent of Panama’s total gross domestic product. Panama gdp for 2017 was $62.22B, a 7.45% increase from 2016. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Publish your articles and forecasts in our website. November 9, 2020 Estimated gross domestic product (GDP) growth in 2016 was 6.2%, the highest in the Region of the Americas. This is a list of Latin American and Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the October 2018 World Economic Outlook database.. The lowest data : 1980 is the lowest year for the indicator : GDP - Gross Domestic Product (billion $ US). This page provides forecast and historical data, charts, statistics, news and updates for Panama Nominal Gross Domestic Product. The construction boom has been the main driver behind the drastic reduction registered in poverty rates and inequality. The Panamanian economy grew by 6.1 percent in 2014, coming down slightly to 5.8 and 5.4 percent in 2015 and 2016, respectively. The absolute value of GDP in Panama dropped €48 $2,771 million with respect to 2017. Panama GDP (Gross Domestic Product) was INT$93.85billion for 2019 in PPP terms. Panama has prosperous transportation and logistics service sectors that contribute to its economy's high growth. {"2005":3667911.76, "2006":3980759.21, "2007":4462935.09, "2008":4914468.85, "2009":5103990.25, "2010":5492280.54, "2011":6074507.00, "2012":6635184.00, "2013":7075096.70, "2014":7501798.14, "2015":7931876.23, "2016":8325773.20, "2017":8768787.59, "2018":9110770.31, "2019":9384640.06}, [{"1945":2.83, "1946":2.88, "1947":3.00, "1948":2.82, "1949":2.89, "1950":2.90, "1951":2.87, "1952":3.03, "1953":3.21, "1954":3.33, "1955":3.52, "1956":3.71, "1957":4.09, "1958":4.12, "1959":4.39, "1960":3.69, "1961":3.79, "1962":4.10, "1963":4.45, "1964":4.65, "1965":5.08, "1966":5.46, "1967":5.93, "1968":6.34, "1969":6.88, "1970":8.36, "1971":9.16, "1972":9.58, "1973":10.10, "1974":10.35, "1975":10.51, "1976":10.68, "1977":10.80, "1978":11.86, "1979":12.39, "1980":14.28, "1981":15.55, "1982":16.15, "1983":15.91, "1984":16.25, "1985":17.07, "1986":17.84, "1987":18.38, "1988":16.51, "1989":16.77, "1990":18.13, "1991":19.84, "1992":21.46, "1993":22.63, "1994":23.28, "1995":23.69, "1996":24.35, "1997":25.93, "1998":27.83, "1999":28.92, "2000":29.70, "2001":29.87, "2002":30.54, "2003":31.82, "2004":34.22, "2005":36.68, "2006":39.81, "2007":44.63, "2008":49.14, "2009":51.04, "2010":54.92, "2011":60.75, "2012":66.35, "2013":70.75, "2014":75.02, "2015":79.32, "2016":83.26, "2017":87.69, "2018":91.11, "2019":93.85}], {"1971":9.6, "1972":4.6, "1973":5.4, "1974":2.4, "1975":1.6, "1976":1.6, "1977":1.1, "1978":9.8, "1979":4.5, "1980":15.2, "1981":8.9, "1982":3.9, "1983":-1.5, "1984":2.2, "1985":5.1, "1986":4.5, "1987":3.0, "1988":-10.1, "1989":1.6, "1990":8.1, "1991":9.4, "1992":8.2, "1993":5.5, "1994":2.9, "1995":1.8, "1996":2.8, "1997":6.5, "1998":7.3, "1999":3.9, "2000":2.7, "2001":0.6, "2002":2.2, "2003":4.2, "2004":7.5, "2005":7.2, "2006":8.5, "2007":12.1, "2008":10.1, "2009":3.9, "2010":7.6, "2011":10.6, "2012":9.2, "2013":6.6, "2014":6.0, "2015":5.7, "2016":5.0, "2017":5.3, "2018":3.9, "2019":3.0}. The GDP per capita of Panama City Metro Area (FL) was $36,415 in 2017. Graph and download economic data for Gross Domestic Product for Panama (PANNGDPRPCH) from 2012 to 2021 about Panama, GDP, and rate. Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Over the past decade, Panama has been one of the fastest growing economies worldwide. Panama imports the following products: Food products, chemicals, consumer goods, capital goods. Filter by country: Central America Costa Rica Honduras Nicaragua El Salvador Guatemala Dominican Republic. Based on estimates from the Central Intelligence Agency’s World Factbook, Panama’s exported goods plus services represent 49.4% of total Panamanian economic output or Gross Domestic Product. Variable: Gross domestic product, constant prices Note: Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific . The Gross Domestic Product (GDP) in Panama was worth 66.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics.

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