Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Panama
Panama: Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP was 2.82 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Panama, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
The most recent figure for africa's development dynamics (afdd) table 04 - annual real gdp in Panama is 2.82 Percent per annum, measured in 2029.
That represents a change of up 1.2% on the previous year and up 72.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 04 - annual real gdp in Panama peaked at 14.32 Percent per annum in 2021 and was at its lowest, -18.85 Percent per annum, in 2020.
That places Panama 49th out of 166 countries with data for 2029, putting it 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 Dynamics (AfDD) Table 04 - Annual real GDP in Panama, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 5.83 Percent per annum | — |
| 1991 | 7.14 Percent per annum | +22.5% |
| 1992 | 5.99 Percent per annum | -16.2% |
| 1993 | 3.31 Percent per annum | -44.7% |
| 1994 | 0.7671 Percent per annum | -76.8% |
| 1995 | -0.2965 Percent per annum | -138.6% |
| 1996 | 5.22 Percent per annum | -1860.6% |
| 1997 | 4.36 Percent per annum | -16.5% |
| 1998 | 5.21 Percent per annum | +19.5% |
| 1999 | 1.83 Percent per annum | -64.8% |
| 2000 | 0.7313 Percent per annum | -60.1% |
| 2001 | -1.39 Percent per annum | -290.0% |
| 2002 | 0.2828 Percent per annum | -120.4% |
| 2003 | 2.24 Percent per annum | +692.2% |
| 2004 | 5.46 Percent per annum | +143.8% |
| 2005 | 5.15 Percent per annum | -5.7% |
| 2006 | 6.52 Percent per annum | +26.5% |
| 2007 | 10.05 Percent per annum | +54.2% |
| 2008 | 7.85 Percent per annum | -21.9% |
| 2009 | -0.5794 Percent per annum | -107.4% |
| 2010 | 3.95 Percent per annum | -781.9% |
| 2011 | 9.35 Percent per annum | +136.7% |
| 2012 | 7.84 Percent per annum | -16.1% |
| 2013 | 5.04 Percent per annum | -35.8% |
| 2014 | 3.25 Percent per annum | -35.5% |
| 2015 | 3.91 Percent per annum | +20.2% |
| 2016 | 3.15 Percent per annum | -19.4% |
| 2017 | 3.79 Percent per annum | +20.5% |
| 2018 | 1.96 Percent per annum | -48.3% |
| 2019 | 1.64 Percent per annum | -16.4% |
| 2020 | -18.85 Percent per annum | -1249.5% |
| 2021 | 14.32 Percent per annum | -176.0% |
| 2022 | 9.37 Percent per annum | -34.6% |
| 2023 | 5.89 Percent per annum | -37.2% |
| 2024 | 1.14 Percent per annum | -80.6% |
| 2025 | 1.68 Percent per annum | +46.9% |
| 2026 | 2.71 Percent per annum | +61.3% |
| 2027 | 2.75 Percent per annum | +1.5% |
| 2028 | 2.79 Percent per annum | +1.3% |
| 2029 | 2.82 Percent per annum | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.93 Percent per annum | -0.2965 Percent per annum | 7.14 Percent per annum | 10 |
| 2000s | 3.63 Percent per annum | -1.39 Percent per annum | 10.05 Percent per annum | 10 |
| 2010s | 4.39 Percent per annum | 1.64 Percent per annum | 9.35 Percent per annum | 10 |
| 2020s | 2.46 Percent per annum | -18.85 Percent per annum | 14.32 Percent per annum | 10 |
Countries ranked near Panama
- 46 Malaysia 3.04 Percent per annum compare
- 47 Thailand 2.97 Percent per annum compare
- 48 Tajikistan 2.83 Percent per annum compare
- 50 Saint Kitts and Nevis 2.74 Percent per annum compare
- 51 Costa Rica 2.74 Percent per annum compare
- 52 Trinidad and Tobago 2.73 Percent per annum compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.048 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 949.21 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.048 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 949.21 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0403 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 796.82 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 842.84 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.09 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.249 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 04 - annual real gdp in Panama?
- Africa's development dynamics (afdd) table 04 - annual real gdp in Panama was 2.82 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Panama?
- The highest recorded value was 14.32 Percent per annum in 2021.
- What is the lowest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Panama?
- The lowest recorded value was -18.85 Percent per annum in 2020.
- How does Panama rank for africa's development dynamics (afdd) table 04 - annual real gdp?
- Panama ranks 49th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 04 - annual real gdp rising or falling in Panama?
- Over the last ten years it is up 72.1%. 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 04 - Annual real GDP growth per capita — Growth rate of real gross domestic product per capita. 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 4 shows the full time series of annual real GDP growth per capta, up to present, and including projected real GDP growth rates over the next five years calculated using the real GDP growth and population growth figures reported in the AfDD Statistical Annex.