Panama - Nominal Gross Domestic Product





Panama: Nominal Gross Domestic Product

Mnemonic GDP.IPAN
Unit Mil. PAB
Annual 2.86 %
Data 2019 66,787
2018 64,928

Series Information

Source Instituto Nacional De Estadistica y Censo (INEC)
Release GDP by Expenditure
Frequency Annual
Start Date 12/31/2007
End Date 12/31/2019

Panama: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 7,982 7,575 Mil. PAB Annual
Investment 2019 26,242 26,914 Mil. PAB Annual
Nominal Fixed Investment (gross fixed capital formation) 2019 24,964 25,087 Mil. PAB Annual
Nominal Gross Domestic Product 2019 66,787 64,928 Mil. PAB Annual
Private Consumption 2019 34,357 33,234 Mil. PAB Annual
Real Fixed Investment (gross fixed capital formation) 2019 17,648 18,126 Mil. 2007 PAB Annual
Real Government Consumption 2019 4,956 4,743 Mil. 2007 PAB Annual
Real Gross Domestic Product 2019 43,032 41,763 Mil. 2007 PAB Annual
Real Investment 2019 18,858 19,854 Mil. 2007 PAB Annual
Real Private Consumption 2019 22,034 21,311 Mil. 2007 PAB Annual

Release Information

For Panama, annual and quarterly national accounts, expenditure approach (use of GDP) at current and constant prices, production approach (gross value added by industry) at constant prices.

Active:

  • National accounts framework:
  • Industry classification: CINU-2010
  • Measurements:
    • Millions of Panamanian balboas at constant year-2007 prices (Mil. 2007 PAB)
    • At current prices (Mil. PAB)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequencies:
    • Quarterly
    • Annual
  • Start dates:
    • GDP(E) - Uniformly 2007Q1
    • GDP(O) - Uniformly 2013Q1

Predecessor:

  • GDP(E) at 1996 prices - 1996 to 2012
  • GDP(O) at 1996 prices - 1996 to 2013

The source writes:

The Bureau of Statistics and Census of the Comptroller General of the Republic hereby presents the methodologies used to calculate the main variables of the Annual National Accounts in Panama, from the main components of gross domestic product (GDP). For the base year 2007 was prepared Table Supply and Utilization (COU), which is a picture of macroeconomic consistency, which has produced and imported supply and destination for goods or services (consumed, invested or exported) in addition to the components of production, intermediate consumption and value added according to economic activity. Because of the complexity of its preparation, years that are not available a calculation of the series in economic activities are applied to the base year annual indicators associated with each activity. Here are the main methodological aspects used for measuring the value added in the various categories of economic activity that make up the GDP and of their components of income and expenses.

The COU was prepared by object produced by row and by economic activity as column, only for the base year 2007. For 2007, all activities were confronted in their levels of production, use of goods and consistency between supply, including imported, and their use as inputs or final demand. Where there were inconsistencies, was used to investigate direct sources alternative references. In calculating the series for economic activities, information is used from surveys, financial, and administrative records. For some activities data which do not have adequate coverage, applies to the base year data, an Annual indicator associated with the activity. The SNA recommends that if possible, be made regular changes of base year even five years each.

Moody's Analytics supplements

We produce:

  • NSA identities for trade balance and gross capital formation at current and constant prices.
  • SA supplements for all seven concepts, at both current and constant prices; six are directly adjusted, and GCF is an additive identity. Under our method, the year-over-year growth rate of our supplements aligns with that of the NSA fundamentals.
  • SA deflators.

Revisions to previous years are common.