GDP growth in Panama
Panama: GDP growth was 4.4% in 2025. ◆ Volatile
GDP growth in Panama, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Panama recorded 4.4% for gdp growth in 2025.
The figure is up 58.3% on the previous year and down 17.4% over ten years.
Over the whole period, gdp growth in Panama peaked at 16.5% in 2021 and was at its lowest, -17.8%, in 2020.
Panama ranks 71st of 213 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.
GDP growth in Panama, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 10.9% | — |
| 1962 | 8.2% | -24.5% |
| 1963 | 8.5% | +3.6% |
| 1964 | 4.4% | -48.1% |
| 1965 | 9.2% | +106.7% |
| 1966 | 7.6% | -17.2% |
| 1967 | 8.6% | +12.8% |
| 1968 | 7.0% | -18.4% |
| 1969 | 8.4% | +21.0% |
| 1970 | 7.0% | -17.6% |
| 1971 | 9.6% | +38.2% |
| 1972 | 4.6% | -52.3% |
| 1973 | 5.4% | +17.1% |
| 1974 | 2.4% | -54.4% |
| 1975 | 1.7% | -28.9% |
| 1976 | 1.7% | -4.4% |
| 1977 | 1.1% | -34.3% |
| 1978 | 9.8% | +795.1% |
| 1979 | 4.5% | -53.9% |
| 1980 | 13.1% | +189.8% |
| 1981 | 9.2% | -29.6% |
| 1982 | 5.3% | -41.9% |
| 1983 | -4.5% | -184.0% |
| 1984 | 2.7% | -160.3% |
| 1985 | 4.9% | +82.4% |
| 1986 | 3.6% | -27.8% |
| 1987 | -1.8% | -150.7% |
| 1988 | -13.4% | +639.6% |
| 1989 | 1.6% | -111.7% |
| 1990 | 8.1% | +418.4% |
| 1991 | 9.4% | +16.3% |
| 1992 | 8.2% | -12.9% |
| 1993 | 5.5% | -33.5% |
| 1994 | 2.9% | -47.8% |
| 1995 | 1.8% | -38.5% |
| 1996 | 4.1% | +132.9% |
| 1997 | 7.7% | +89.0% |
| 1998 | 8.4% | +8.8% |
| 1999 | 5.2% | -37.9% |
| 2000 | 4.2% | -19.2% |
| 2001 | 0.9% | -77.4% |
| 2002 | 2.5% | +164.1% |
| 2003 | 5.1% | +103.2% |
| 2004 | 8.2% | +60.4% |
| 2005 | 8.3% | +1.2% |
| 2006 | 9.9% | +19.1% |
| 2007 | 13.2% | +33.4% |
| 2008 | 10.2% | -22.5% |
| 2009 | 1.6% | -84.2% |
| 2010 | 6.1% | +276.8% |
| 2011 | 11.9% | +96.1% |
| 2012 | 9.6% | -19.2% |
| 2013 | 6.3% | -34.3% |
| 2014 | 4.6% | -26.9% |
| 2015 | 5.3% | +13.9% |
| 2016 | 4.6% | -13.2% |
| 2017 | 5.7% | +25.6% |
| 2018 | 3.9% | -31.8% |
| 2019 | 3.1% | -20.8% |
| 2020 | -17.8% | -674.3% |
| 2021 | 16.5% | -192.4% |
| 2022 | 11.0% | -33.0% |
| 2023 | 7.2% | -35.1% |
| 2024 | 2.7% | -61.7% |
| 2025 | 4.4% | +58.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.1% | 4.4% | 10.9% | 9 |
| 1970s | 4.8% | 1.1% | 9.8% | 10 |
| 1980s | 2.1% | -13.4% | 13.1% | 10 |
| 1990s | 6.1% | 1.8% | 9.4% | 10 |
| 2000s | 6.4% | 0.9% | 13.2% | 10 |
| 2010s | 6.1% | 3.1% | 11.9% | 10 |
| 2020s | 4.0% | -17.8% | 16.5% | 6 |
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)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0246 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 487.09 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
Frequently asked questions
- What is gdp growth in Panama?
- Gdp growth in Panama was 4.4% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Panama?
- The highest recorded value was 16.5% in 2021.
- What is the lowest gdp growth recorded in Panama?
- The lowest recorded value was -17.8% in 2020.
- How does Panama rank for gdp growth?
- Panama ranks 71st out of 213 countries with data for 2025.
- Is gdp growth rising or falling in Panama?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.