GDP Deflator — Value Standard Local Currency, 2015 prices in Panama
Panama: GDP Deflator — Value Standard Local Currency, 2015 prices was 111.23 SLC in 2024. ▲ Rising
GDP Deflator — Value Standard Local Currency, 2015 prices in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Panama recorded 111.23 SLC for gdp deflator — value standard local currency, 2015 prices in 2024. That is the highest value across all 55 years on record.
The figure is up 0.7% on the previous year and up 14.0% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Panama peaked at 111.23 SLC in 2024 and was at its lowest, 19.65 SLC, in 1970.
Panama ranks 193rd of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value Standard Local Currency, 2015 prices in Panama, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 19.65 SLC | — |
| 1971 | 20.23 SLC | +2.9% |
| 1972 | 21.25 SLC | +5.0% |
| 1973 | 23.06 SLC | +8.5% |
| 1974 | 25.73 SLC | +11.6% |
| 1975 | 28.36 SLC | +10.2% |
| 1976 | 29.64 SLC | +4.5% |
| 1977 | 31.08 SLC | +4.9% |
| 1978 | 33.56 SLC | +8.0% |
| 1979 | 36.76 SLC | +9.5% |
| 1980 | 40.66 SLC | +10.6% |
| 1981 | 42.04 SLC | +3.4% |
| 1982 | 42.86 SLC | +2.0% |
| 1983 | 45.72 SLC | +6.7% |
| 1984 | 47.32 SLC | +3.5% |
| 1985 | 48.02 SLC | +1.5% |
| 1986 | 48.57 SLC | +1.1% |
| 1987 | 48.62 SLC | +0.1% |
| 1988 | 48.35 SLC | -0.5% |
| 1989 | 47.73 SLC | -1.3% |
| 1990 | 48 SLC | +0.6% |
| 1991 | 48.24 SLC | +0.5% |
| 1992 | 50.68 SLC | +5.1% |
| 1993 | 52.48 SLC | +3.6% |
| 1994 | 54.41 SLC | +3.7% |
| 1995 | 54.67 SLC | +0.5% |
| 1996 | 54.82 SLC | +0.3% |
| 1997 | 55.7 SLC | +1.6% |
| 1998 | 56.26 SLC | +1.0% |
| 1999 | 56.73 SLC | +0.8% |
| 2000 | 56.02 SLC | -1.3% |
| 2001 | 56.6 SLC | +1.0% |
| 2002 | 57.55 SLC | +1.7% |
| 2003 | 58.2 SLC | +1.1% |
| 2004 | 59.34 SLC | +2.0% |
| 2005 | 60.38 SLC | +1.7% |
| 2006 | 61.65 SLC | +2.1% |
| 2007 | 67.25 SLC | +9.1% |
| 2008 | 72.31 SLC | +7.5% |
| 2009 | 76.99 SLC | +6.5% |
| 2010 | 78.98 SLC | +2.6% |
| 2011 | 83.6 SLC | +5.8% |
| 2012 | 88.76 SLC | +6.2% |
| 2013 | 93.65 SLC | +5.5% |
| 2014 | 97.58 SLC | +4.2% |
| 2015 | 100 SLC | +2.5% |
| 2016 | 102 SLC | +2.0% |
| 2017 | 103.77 SLC | +1.7% |
| 2018 | 104.46 SLC | +0.7% |
| 2019 | 104.79 SLC | +0.3% |
| 2020 | 104.22 SLC | -0.6% |
| 2021 | 106.23 SLC | +1.9% |
| 2022 | 108.83 SLC | +2.4% |
| 2023 | 110.51 SLC | +1.5% |
| 2024 | 111.23 SLC | +0.7% |
Panama compared with similar countries
- Panama's 111.23 SLC is below the median for high income countries, which is 126.04 SLC, 88% of the median. (68 countries reporting)
- Panama's 111.23 SLC is below the median for Latin America & Caribbean, which is 128.24 SLC, 87% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.93 SLC | 19.65 SLC | 36.76 SLC | 10 |
| 1980s | 45.99 SLC | 40.66 SLC | 48.62 SLC | 10 |
| 1990s | 53.2 SLC | 48 SLC | 56.73 SLC | 10 |
| 2000s | 62.63 SLC | 56.02 SLC | 76.99 SLC | 10 |
| 2010s | 95.76 SLC | 78.98 SLC | 104.79 SLC | 10 |
| 2020s | 108.2 SLC | 104.22 SLC | 111.23 SLC | 5 |
Countries ranked near Panama
- 190 Seychelles 112.27 SLC compare
- 191 Ecuador 111.27 SLC compare
- 192 French Polynesia 111.23 SLC compare
- 194 Aruba 110.87 SLC compare
- 195 Comoros 110.76 SLC compare
- 196 Democratic People's Republic of Korea 110.33 SLC 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)
- 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)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Panama?
- Gdp deflator — value standard local currency, 2015 prices in Panama was 111.23 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Panama?
- The highest recorded value was 111.23 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Panama?
- The lowest recorded value was 19.65 SLC in 1970.
- How does Panama rank for gdp deflator — value standard local currency, 2015 prices?
- Panama ranks 193rd out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Panama?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).