Annual growth rate of real GDP per capita in Panama
Panama: Annual growth rate of real GDP per capita was 1.6% in 2024. ◆ Volatile
Latest (2024)
1.6%
Change on year
down 73.3%
World rank
130th
of 226 countries
All-time high
15.1%
in 2021
All-time low
-18.9%
in 2020
Years of data
25
2000–2024
Annual growth rate of real GDP per capita in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth rate of real gdp per capita in Panama stood at 1.6%.
The figure is down 73.3% on the previous year and down 55.6% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Panama peaked at 15.1% in 2021 and was at its lowest, -18.9%, in 2020.
Panama ranks 130th of 226 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.
Annual growth rate of real GDP per capita in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.7% | — |
| 2001 | -1.4% | -300.0% |
| 2002 | 0.3% | -121.4% |
| 2003 | 2.2% | +633.3% |
| 2004 | 5.5% | +150.0% |
| 2005 | 5.2% | -5.5% |
| 2006 | 6.5% | +25.0% |
| 2007 | 10.1% | +55.4% |
| 2008 | 8.2% | -18.8% |
| 2009 | -0.2% | -102.4% |
| 2010 | 4.3% | -2250.0% |
| 2011 | 9.7% | +125.6% |
| 2012 | 8.2% | -15.5% |
| 2013 | 5.4% | -34.1% |
| 2014 | 3.6% | -33.3% |
| 2015 | 4.3% | +19.4% |
| 2016 | 3.5% | -18.6% |
| 2017 | 4.1% | +17.1% |
| 2018 | 2.3% | -43.9% |
| 2019 | 1.5% | -34.8% |
| 2020 | -18.9% | -1360.0% |
| 2021 | 15.1% | -179.9% |
| 2022 | 9.4% | -37.7% |
| 2023 | 6.0% | -36.2% |
| 2024 | 1.6% | -73.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | -1.4% | 10.1% | 10 |
| 2010s | 4.7% | 1.5% | 9.7% | 10 |
| 2020s | 2.6% | -18.9% | 15.1% | 5 |
Countries ranked near Panama
- 128 Madagascar 1.7% compare
- 128 Pakistan 1.7% compare
- 130 Slovenia 1.6% compare
- 132 British Virgin Islands 1.5% compare
- 132 Jordan 1.5% compare
- 132 Polynesia 1.5% compare
- 132 Seychelles 1.5% compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 10,575 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.9496 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 18,195 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.9496 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 18,195 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.9641 % change on previous year (2024)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Panama?
- Annual growth rate of real gdp per capita in Panama was 1.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Panama?
- The highest recorded value was 15.1% in 2021.
- What is the lowest annual growth rate of real gdp per capita recorded in Panama?
- The lowest recorded value was -18.9% in 2020.
- How does Panama rank for annual growth rate of real gdp per capita?
- Panama ranks 130th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Panama?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).