Gross domestic product (GDP) in Panama
Panama: Gross domestic product (GDP) was 94.76 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
94.76 billion international-$ in 2011 prices
Change on year
up 10.8%
World rank
88th
of 166 countries
All-time high
94.76 billion international-$ in 2011 prices
in 2022
All-time low
680.52 million international-$ in 2011 prices
in 1906
Years of data
117
1906–2022
Gross domestic product (GDP) in Panama, 1906–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Panama is 94.76 billion international-$ in 2011 prices, measured in 2022. That is the highest value across all 117 years on record.
Compared with earlier readings it is up 10.8% on the previous year and up 49.6% over ten years.
Over the whole period, gross domestic product (gdp) in Panama peaked at 94.76 billion international-$ in 2011 prices in 2022 and was at its lowest, 680.52 million international-$ in 2011 prices, in 1906.
That places Panama 88th out of 166 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Panama, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1906 | 680.52 million international-$ in 2011 prices | — |
| 1907 | 727.36 million international-$ in 2011 prices | +6.9% |
| 1908 | 781.25 million international-$ in 2011 prices | +7.4% |
| 1909 | 844.71 million international-$ in 2011 prices | +8.1% |
| 1910 | 924.86 million international-$ in 2011 prices | +9.5% |
| 1911 | 970.70 million international-$ in 2011 prices | +5.0% |
| 1912 | 999.13 million international-$ in 2011 prices | +2.9% |
| 1913 | 1.02 billion international-$ in 2011 prices | +1.9% |
| 1914 | 1.13 billion international-$ in 2011 prices | +10.5% |
| 1915 | 1.17 billion international-$ in 2011 prices | +4.3% |
| 1916 | 1.16 billion international-$ in 2011 prices | -1.1% |
| 1917 | 1.15 billion international-$ in 2011 prices | -0.7% |
| 1918 | 1.16 billion international-$ in 2011 prices | +0.8% |
| 1919 | 1.18 billion international-$ in 2011 prices | +1.1% |
| 1920 | 1.19 billion international-$ in 2011 prices | +1.3% |
| 1921 | 1.16 billion international-$ in 2011 prices | -2.7% |
| 1922 | 1.18 billion international-$ in 2011 prices | +1.7% |
| 1923 | 1.19 billion international-$ in 2011 prices | +1.2% |
| 1924 | 1.23 billion international-$ in 2011 prices | +3.3% |
| 1925 | 1.25 billion international-$ in 2011 prices | +1.3% |
| 1926 | 1.25 billion international-$ in 2011 prices | +0.4% |
| 1927 | 1.27 billion international-$ in 2011 prices | +1.1% |
| 1928 | 1.29 billion international-$ in 2011 prices | +1.6% |
| 1929 | 1.32 billion international-$ in 2011 prices | +2.2% |
| 1930 | 1.27 billion international-$ in 2011 prices | -3.6% |
| 1931 | 1.26 billion international-$ in 2011 prices | -1.2% |
| 1932 | 1.28 billion international-$ in 2011 prices | +2.1% |
| 1933 | 1.32 billion international-$ in 2011 prices | +3.1% |
| 1934 | 1.38 billion international-$ in 2011 prices | +4.2% |
| 1935 | 1.52 billion international-$ in 2011 prices | +10.5% |
| 1936 | 1.52 billion international-$ in 2011 prices | +0.1% |
| 1937 | 1.69 billion international-$ in 2011 prices | +10.6% |
| 1938 | 1.68 billion international-$ in 2011 prices | -0.4% |
| 1939 | 1.76 billion international-$ in 2011 prices | +4.8% |
| 1940 | 1.85 billion international-$ in 2011 prices | +5.0% |
| 1941 | 2.10 billion international-$ in 2011 prices | +13.4% |
| 1942 | 2.24 billion international-$ in 2011 prices | +6.8% |
| 1943 | 2.38 billion international-$ in 2011 prices | +6.4% |
| 1944 | 2.47 billion international-$ in 2011 prices | +3.9% |
| 1945 | 2.67 billion international-$ in 2011 prices | +7.8% |
| 1946 | 2.28 billion international-$ in 2011 prices | -14.3% |
| 1947 | 2.38 billion international-$ in 2011 prices | +4.2% |
| 1948 | 2.24 billion international-$ in 2011 prices | -5.9% |
| 1949 | 2.29 billion international-$ in 2011 prices | +2.2% |
| 1950 | 2.30 billion international-$ in 2011 prices | +0.5% |
| 1951 | 2.28 billion international-$ in 2011 prices | -0.8% |
| 1952 | 2.40 billion international-$ in 2011 prices | +5.3% |
| 1953 | 2.55 billion international-$ in 2011 prices | +6.0% |
| 1954 | 2.64 billion international-$ in 2011 prices | +3.6% |
| 1955 | 2.80 billion international-$ in 2011 prices | +5.9% |
| 1956 | 2.94 billion international-$ in 2011 prices | +5.2% |
| 1957 | 3.25 billion international-$ in 2011 prices | +10.5% |
| 1958 | 3.27 billion international-$ in 2011 prices | +0.6% |
| 1959 | 3.48 billion international-$ in 2011 prices | +6.5% |
| 1960 | 3.69 billion international-$ in 2011 prices | +6.0% |
| 1961 | 4.09 billion international-$ in 2011 prices | +10.7% |
| 1962 | 4.43 billion international-$ in 2011 prices | +8.5% |
| 1963 | 4.85 billion international-$ in 2011 prices | +9.4% |
| 1964 | 5.06 billion international-$ in 2011 prices | +4.3% |
| 1965 | 5.50 billion international-$ in 2011 prices | +8.8% |
| 1966 | 5.91 billion international-$ in 2011 prices | +7.4% |
| 1967 | 6.41 billion international-$ in 2011 prices | +8.3% |
| 1968 | 6.88 billion international-$ in 2011 prices | +7.3% |
| 1969 | 7.41 billion international-$ in 2011 prices | +7.8% |
| 1970 | 7.86 billion international-$ in 2011 prices | +6.0% |
| 1971 | 8.61 billion international-$ in 2011 prices | +9.6% |
| 1972 | 9.01 billion international-$ in 2011 prices | +4.6% |
| 1973 | 9.49 billion international-$ in 2011 prices | +5.4% |
| 1974 | 9.72 billion international-$ in 2011 prices | +2.4% |
| 1975 | 9.88 billion international-$ in 2011 prices | +1.6% |
| 1976 | 10.04 billion international-$ in 2011 prices | +1.6% |
| 1977 | 10.15 billion international-$ in 2011 prices | +1.1% |
| 1978 | 11.15 billion international-$ in 2011 prices | +9.8% |
| 1979 | 11.65 billion international-$ in 2011 prices | +4.5% |
| 1980 | 13.42 billion international-$ in 2011 prices | +15.2% |
| 1981 | 14.62 billion international-$ in 2011 prices | +8.9% |
| 1982 | 15.19 billion international-$ in 2011 prices | +3.9% |
| 1983 | 14.95 billion international-$ in 2011 prices | -1.5% |
| 1984 | 15.27 billion international-$ in 2011 prices | +2.1% |
| 1985 | 16.05 billion international-$ in 2011 prices | +5.1% |
| 1986 | 16.76 billion international-$ in 2011 prices | +4.4% |
| 1987 | 17.27 billion international-$ in 2011 prices | +3.0% |
| 1988 | 15.52 billion international-$ in 2011 prices | -10.1% |
| 1989 | 15.76 billion international-$ in 2011 prices | +1.5% |
| 1990 | 17.04 billion international-$ in 2011 prices | +8.1% |
| 1991 | 18.70 billion international-$ in 2011 prices | +9.8% |
| 1992 | 20.28 billion international-$ in 2011 prices | +8.5% |
| 1993 | 21.45 billion international-$ in 2011 prices | +5.7% |
| 1994 | 22.13 billion international-$ in 2011 prices | +3.2% |
| 1995 | 22.57 billion international-$ in 2011 prices | +2.0% |
| 1996 | 23.27 billion international-$ in 2011 prices | +3.1% |
| 1997 | 24.85 billion international-$ in 2011 prices | +6.8% |
| 1998 | 26.74 billion international-$ in 2011 prices | +7.6% |
| 1999 | 27.87 billion international-$ in 2011 prices | +4.2% |
| 2000 | 28.71 billion international-$ in 2011 prices | +3.0% |
| 2001 | 28.94 billion international-$ in 2011 prices | +0.8% |
| 2002 | 29.67 billion international-$ in 2011 prices | +2.5% |
| 2003 | 31.01 billion international-$ in 2011 prices | +4.5% |
| 2004 | 33.43 billion international-$ in 2011 prices | +7.8% |
| 2005 | 35.93 billion international-$ in 2011 prices | +7.5% |
| 2006 | 39.10 billion international-$ in 2011 prices | +8.8% |
| 2007 | 43.96 billion international-$ in 2011 prices | +12.4% |
| 2008 | 47.89 billion international-$ in 2011 prices | +8.9% |
| 2009 | 48.77 billion international-$ in 2011 prices | +1.9% |
| 2010 | 51.74 billion international-$ in 2011 prices | +6.1% |
| 2011 | 58.00 billion international-$ in 2011 prices | +12.1% |
| 2012 | 63.36 billion international-$ in 2011 prices | +9.2% |
| 2013 | 67.55 billion international-$ in 2011 prices | +6.6% |
| 2014 | 71.64 billion international-$ in 2011 prices | +6.1% |
| 2015 | 75.78 billion international-$ in 2011 prices | +5.8% |
| 2016 | 79.45 billion international-$ in 2011 prices | +4.8% |
| 2017 | 83.81 billion international-$ in 2011 prices | +5.5% |
| 2018 | 86.82 billion international-$ in 2011 prices | +3.6% |
| 2019 | 89.67 billion international-$ in 2011 prices | +3.3% |
| 2020 | 73.83 billion international-$ in 2011 prices | -17.7% |
| 2021 | 85.52 billion international-$ in 2011 prices | +15.8% |
| 2022 | 94.76 billion international-$ in 2011 prices | +10.8% |
Panama compared with similar countries
- Panama's 94.76 billion international-$ in 2011 prices is below the median for high income countries, which is 308.39 billion international-$ in 2011 prices, 31% of the median. (55 countries reporting)
- Panama's 94.76 billion international-$ in 2011 prices is above the median for Latin America & Caribbean, which is 82.25 billion international-$ in 2011 prices, 1.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1900s | 758.46 million international-$ in 2011 prices | 680.52 million international-$ in 2011 prices | 844.71 million international-$ in 2011 prices | 4 |
| 1910s | 1.09 billion international-$ in 2011 prices | 924.86 million international-$ in 2011 prices | 1.18 billion international-$ in 2011 prices | 10 |
| 1920s | 1.23 billion international-$ in 2011 prices | 1.16 billion international-$ in 2011 prices | 1.32 billion international-$ in 2011 prices | 10 |
| 1930s | 1.47 billion international-$ in 2011 prices | 1.26 billion international-$ in 2011 prices | 1.76 billion international-$ in 2011 prices | 10 |
| 1940s | 2.29 billion international-$ in 2011 prices | 1.85 billion international-$ in 2011 prices | 2.67 billion international-$ in 2011 prices | 10 |
| 1950s | 2.79 billion international-$ in 2011 prices | 2.28 billion international-$ in 2011 prices | 3.48 billion international-$ in 2011 prices | 10 |
| 1960s | 5.42 billion international-$ in 2011 prices | 3.69 billion international-$ in 2011 prices | 7.41 billion international-$ in 2011 prices | 10 |
| 1970s | 9.76 billion international-$ in 2011 prices | 7.86 billion international-$ in 2011 prices | 11.65 billion international-$ in 2011 prices | 10 |
| 1980s | 15.48 billion international-$ in 2011 prices | 13.42 billion international-$ in 2011 prices | 17.27 billion international-$ in 2011 prices | 10 |
| 1990s | 22.49 billion international-$ in 2011 prices | 17.04 billion international-$ in 2011 prices | 27.87 billion international-$ in 2011 prices | 10 |
| 2000s | 36.74 billion international-$ in 2011 prices | 28.71 billion international-$ in 2011 prices | 48.77 billion international-$ in 2011 prices | 10 |
| 2010s | 72.78 billion international-$ in 2011 prices | 51.74 billion international-$ in 2011 prices | 89.67 billion international-$ in 2011 prices | 10 |
| 2020s | 84.70 billion international-$ in 2011 prices | 73.83 billion international-$ in 2011 prices | 94.76 billion international-$ in 2011 prices | 3 |
Countries ranked near Panama
- 85 Jordan 99.28 billion international-$ in 2011 prices compare
- 86 Turkmenistan 97.50 billion international-$ in 2011 prices compare
- 87 Nepal 95.97 billion international-$ in 2011 prices compare
- 89 Libya 91.44 billion international-$ in 2011 prices compare
- 90 Democratic Republic of Congo 91.31 billion international-$ in 2011 prices compare
- 91 Lithuania 84.81 billion international-$ in 2011 prices 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Panama?
- Gross domestic product (gdp) in Panama was 94.76 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Panama?
- The highest recorded value was 94.76 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Panama?
- The lowest recorded value was 680.52 million international-$ in 2011 prices in 1906.
- How does Panama rank for gross domestic product (gdp)?
- Panama ranks 88th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Panama?
- Over the last ten years it is up 49.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.