Armenia vs Panama: Gross domestic product (GDP), annual growth rate (Bolt)

Armenia
12.6 % change on previous year
in 2022
Panama
10.81 % change on previous year
in 2022
Armenia rank
3rd
Panama rank
6th

Gross domestic product (GDP), annual growth rate (Bolt) over time

  • Armenia
  • Panama
-40-20020190719642022

How they compare

Armenia currently reports 12.6 % change on previous year against 10.81 % change on previous year in Panama, a difference of 1.79 % change on previous year.

That makes Armenia's figure about 1.2 times Panama's.

The two have swapped places 13 times across 42 shared years of data; in 1981 it was Panama ahead.

Armenia ranks 3rd and Panama ranks 6th of 166 countries.

Across the 5 decades both report, Armenia averaged higher in 2 and Panama in 3.

Head to head by decade

Decade Armenia Panama Difference Ahead
1980s 2.21 % change on previous year 1.93 % change on previous year 0.2785 % change on previous year Armenia
1990s -6.9 % change on previous year 5.9 % change on previous year 12.79 % change on previous year Panama
2000s 5.56 % change on previous year 5.82 % change on previous year 0.2581 % change on previous year Panama
2010s 3.86 % change on previous year 6.31 % change on previous year 2.45 % change on previous year Panama
2020s 3.71 % change on previous year 2.99 % change on previous year 0.7201 % change on previous year Armenia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross domestic product (gdp), annual growth rate, Armenia or Panama?
Armenia, at 12.6 % change on previous year against 10.81 % change on previous year in Panama as of 2022.
What is the difference in gross domestic product (gdp), annual growth rate between Armenia and Panama?
1.79 % change on previous year, with Armenia ahead.
How many years of comparable data are there for Armenia and Panama?
42 years are reported by both, from 1981 to 2022.
How do Armenia and Panama rank globally for gross domestic product (gdp), annual growth rate?
Armenia ranks 3rd and Panama ranks 6th of 166 countries.
Where does this data come from?
Statizoid (derived), published as Gross domestic product (GDP), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Panama: Gross domestic product (GDP), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 12 October 2026, from https://economy.statizoid.com/compare/gross-domestic-product-gdp-annual-growth-rate-3/armenia/panama/

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About this data

Indicator
Gross domestic product (GDP), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
166 places, 15,244 data points, 1821–2022
Last refreshed

The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.