Panama's Economic Resurgence: Transport and Services Drive GDP Growth

Panama's GDP grew by 4.4% in 2025, bolstered by significant gains in the transport sector and services, despite declines in agriculture and free trade zone re-exports. The transportation sector saw a 14.5% expansion, with Panama Canal toll revenues increasing by 22%. Commerce, construction, and financial intermediation also contributed to the growth.

Panama's economy demonstrated robust growth, with its GDP expanding by 4.4% in 2025. This surge was predominantly fueled by a remarkable uptick in the transport sector and sustained growth in services, even as agriculture and free trade re-exports experienced a downturn.

According to the country's statistics agency, the transportation sector witnessed a 14.5% growth, markedly driven by a 22% increase in Panama Canal toll revenues. Additionally, port activity, as well as air and land passenger transport, saw substantial rises, contributing to the overall economic expansion.

Commerce expanded by 3.6%, construction by 2.7%, and financial intermediation by 5.2%, offsetting a 1.7% decline in agricultural and fishing activities. Overall, the economy maintained its dynamism due to strategic areas such as logistics, commerce, and services, as reported by the National Statistics Agency.