The economy of Panama advanced 2.68 percent year-on-year in January 2020 following a 2.53 percent expansion in the previous month. Growth was mainly boosted by wholesale & retail trade; transport & communications, mainly due to operations in Panama Canal;agriculture, mainly nudged by banana exports, and utilities driven by thermal energy and natural gas. For the whole 2019, the economy expanded 3.23 percent.
Leading Economic Index in Panama averaged 6.09 percent from 2007 until 2020, reaching an all time high of 15.69 percent in April of 2008 and a record low of -2.26 percent in August of 2009. This page provides the latest reported value for - Panama Economic Activity Index YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Panama Economic Activity Index YoY Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: INEC, Panama
Leading Economic Index in Panama is expected to be -3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Panama to stand at 2.00 in 12 months time. In the long-term, the Panama Economic Activity Index YoY Change is projected to trend around 5.40 percent in 2021 and 5.60 percent in 2022, according to our econometric models.