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Panama: competitiveness index 2008-2019

Published by Teresa Romero, Apr 4, 2022
The score given to Panama on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has increased recently. In 2019, the Panamanian economy had a competitiveness index of 61.6 points (in a range from 1 to 100), up from 61.03 points obtained a year earlier.

Still, the growth rate of Panama's gross domestic product (GDP) is expected to flatline within the next years.

Competitiveness index of Panama from 2008 to 2019

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Sources

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Release date

October 2019

Region

Panama

Survey time period

2008 to 2019

Supplementary notes

* From 2017, the study methodology changed. Before 2017, the index ranged from 1 to 7. As of 2017, it ranges from 1 to 100.
The Global Competitiveness Index is based on twelve pillars of competitiveness, such as technology levels, infrastructure, labor market efficiency, etc. These indicators are combined in an index which provides insight into how a country is able to generate wealth.

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