Real GDP at Constant National Prices for Panama
RGDPNAPAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,144.79
Year-over-Year Change
102.07%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Panama measures the inflation-adjusted value of the total economic output in Panama. This metric is crucial for analyzing the country's economic growth and assessing its macroeconomic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the real gross domestic product (GDP) of Panama, adjusted for changes in domestic prices to provide a measure of the volume of economic activity. It is an important indicator used by economists, policymakers, and investors to evaluate the Panamanian economy's overall health and trajectory.
Methodology
The data is collected and calculated by the Federal Reserve Bank based on information from Panama's national statistics agency.
Historical Context
This trend is widely used to inform economic policy decisions and investment strategies related to the Panamanian market.
Key Facts
- Panama's real GDP grew by 3.9% in 2021.
- The service sector accounts for over 75% of Panama's GDP.
- Panama uses the US dollar as its official currency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of the total economic output in Panama, providing a gauge of the country's real economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing Panama's economic performance, informing policy decisions, and evaluating investment opportunities in the country.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve Bank based on information from Panama's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers in Panama and abroad use this trend to assess the country's macroeconomic conditions and inform decisions related to fiscal, monetary, and trade policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the time required for data collection and processing by the national statistics agency.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Panama (RGDPNAPAA666NRUG), retrieved from FRED.