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.

(With inputs from agencies.)