Africa's Development: Annual real GDP growth rate Growth rate … 02 in Panama
Panama: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 4 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Panama, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Panama recorded 4 Percent per annum for africa's development dynamics (afdd) table 02 - annual real gdp in 2029.
Compared with earlier readings it is up 21.9% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Panama peaked at 15.84 Percent per annum in 2021 and was at its lowest, -17.67 Percent per annum, in 2020.
Panama ranks 50th of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Panama, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 8.1 Percent per annum | — |
| 1991 | 9.42 Percent per annum | +16.3% |
| 1992 | 8.2 Percent per annum | -12.9% |
| 1993 | 5.46 Percent per annum | -33.5% |
| 1994 | 2.85 Percent per annum | -47.8% |
| 1995 | 1.75 Percent per annum | -38.5% |
| 1996 | 7.37 Percent per annum | +320.7% |
| 1997 | 6.48 Percent per annum | -12.1% |
| 1998 | 7.33 Percent per annum | +13.1% |
| 1999 | 3.88 Percent per annum | -47.1% |
| 2000 | 2.74 Percent per annum | -29.4% |
| 2001 | 0.5583 Percent per annum | -79.6% |
| 2002 | 2.25 Percent per annum | +302.5% |
| 2003 | 4.23 Percent per annum | +88.1% |
| 2004 | 7.51 Percent per annum | +77.6% |
| 2005 | 7.18 Percent per annum | -4.4% |
| 2006 | 8.54 Percent per annum | +18.9% |
| 2007 | 12.11 Percent per annum | +41.8% |
| 2008 | 9.86 Percent per annum | -18.6% |
| 2009 | 1.24 Percent per annum | -87.4% |
| 2010 | 5.83 Percent per annum | +368.9% |
| 2011 | 11.31 Percent per annum | +94.1% |
| 2012 | 9.78 Percent per annum | -13.6% |
| 2013 | 6.9 Percent per annum | -29.4% |
| 2014 | 5.07 Percent per annum | -26.6% |
| 2015 | 5.73 Percent per annum | +13.1% |
| 2016 | 4.95 Percent per annum | -13.6% |
| 2017 | 5.59 Percent per annum | +12.9% |
| 2018 | 3.69 Percent per annum | -34.1% |
| 2019 | 3.28 Percent per annum | -10.9% |
| 2020 | -17.67 Percent per annum | -638.4% |
| 2021 | 15.84 Percent per annum | -189.6% |
| 2022 | 10.81 Percent per annum | -31.7% |
| 2023 | 7.32 Percent per annum | -32.3% |
| 2024 | 2.5 Percent per annum | -65.8% |
| 2025 | 3 Percent per annum | +20.0% |
| 2026 | 4 Percent per annum | +33.3% |
| 2027 | 4 Percent per annum | +0.0% |
| 2028 | 4 Percent per annum | +0.0% |
| 2029 | 4 Percent per annum | +0.0% |
Panama compared with similar countries
- Panama's 4 Percent per annum is above the median for high income countries, which is 2.23 Percent per annum, 1.8× the median. (52 countries reporting)
- Panama's 4 Percent per annum is above the median for Latin America & Caribbean, which is 2.62 Percent per annum, 1.5× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -638.4% | 3.28 Percent per annum | -17.67 Percent per annum |
| 2010 | +368.9% | 1.24 Percent per annum | 5.83 Percent per annum |
| 1996 | +320.7% | 1.75 Percent per annum | 7.37 Percent per annum |
| 2002 | +302.5% | 0.5583 Percent per annum | 2.25 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.08 Percent per annum | 1.75 Percent per annum | 9.42 Percent per annum | 10 |
| 2000s | 5.62 Percent per annum | 0.5583 Percent per annum | 12.11 Percent per annum | 10 |
| 2010s | 6.21 Percent per annum | 3.28 Percent per annum | 11.31 Percent per annum | 10 |
| 2020s | 3.78 Percent per annum | -17.67 Percent per annum | 15.84 Percent per annum | 10 |
Countries ranked near Panama
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 96.59 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Panama?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Panama was 4 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Panama?
- The highest recorded value was 15.84 Percent per annum in 2021.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Panama?
- The lowest recorded value was -17.67 Percent per annum in 2020.
- How does Panama rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Panama ranks 50th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Panama?
- Over the last ten years it is up 21.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.