Gross domestic product (GDP) in Panama
Panama: Gross domestic product (GDP) was 164.68 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Panama, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Panama recorded 164.68 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 74 years on record.
That represents a change of up 6.5% on the previous year and up 74.6% over ten years.
Over the whole period, gross domestic product (gdp) in Panama peaked at 164.68 billion international-$ in 2021 prices in 2023 and was at its lowest, 2.10 billion international-$ in 2021 prices, in 1951.
Panama ranks 81st of 184 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2.70 billion international-$ in 2021 prices | 2.10 billion international-$ in 2021 prices | 3.42 billion international-$ in 2021 prices | 10 |
| 1960s | 5.38 billion international-$ in 2021 prices | 3.64 billion international-$ in 2021 prices | 7.48 billion international-$ in 2021 prices | 10 |
| 1970s | 11.42 billion international-$ in 2021 prices | 8.91 billion international-$ in 2021 prices | 13.41 billion international-$ in 2021 prices | 10 |
| 1980s | 16.99 billion international-$ in 2021 prices | 14.80 billion international-$ in 2021 prices | 19.58 billion international-$ in 2021 prices | 10 |
| 1990s | 25.13 billion international-$ in 2021 prices | 19.02 billion international-$ in 2021 prices | 31.73 billion international-$ in 2021 prices | 10 |
| 2000s | 46.20 billion international-$ in 2021 prices | 33.54 billion international-$ in 2021 prices | 60.35 billion international-$ in 2021 prices | 10 |
| 2010s | 110.15 billion international-$ in 2021 prices | 66.52 billion international-$ in 2021 prices | 147.56 billion international-$ in 2021 prices | 10 |
| 2020s | 143.97 billion international-$ in 2021 prices | 120.30 billion international-$ in 2021 prices | 164.68 billion international-$ in 2021 prices | 4 |
Countries ranked near Panama
- 78 Turkmenistan 180.45 billion international-$ in 2021 prices compare
- 79 Slovakia 176.68 billion international-$ in 2021 prices compare
- 80 Syria 168.13 billion international-$ in 2021 prices compare
- 82 Nepal 150.85 billion international-$ in 2021 prices compare
- 83 Serbia 148.60 billion international-$ in 2021 prices compare
- 84 Tunisia 147.77 billion international-$ in 2021 prices compare
More economy & growth data for Panama
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Panama?
- Gross domestic product (gdp) in Panama was 164.68 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Panama?
- The highest recorded value was 164.68 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Panama?
- The lowest recorded value was 2.10 billion international-$ in 2021 prices in 1951.
- How does Panama rank for gross domestic product (gdp)?
- Panama ranks 81st out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Panama?
- Over the last ten years it is up 74.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – 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.