GDP per capita growth in Panama
Panama: GDP per capita growth was 3.1% in 2025. ◆ Volatile
GDP per capita growth in Panama, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Panama recorded 3.1% for gdp per capita growth in 2025.
The figure is up 111.7% on the previous year and down 11.0% over ten years.
Over the whole period, gdp per capita growth in Panama peaked at 15.1% in 2021 and was at its lowest, -18.9%, in 2020.
That places Panama 82nd out of 213 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita growth in Panama, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 7.7% | — |
| 1962 | 5.0% | -34.5% |
| 1963 | 5.3% | +5.1% |
| 1964 | 1.3% | -75.2% |
| 1965 | 5.9% | +351.6% |
| 1966 | 4.4% | -25.3% |
| 1967 | 5.4% | +22.2% |
| 1968 | 3.9% | -27.5% |
| 1969 | 5.4% | +37.3% |
| 1970 | 4.0% | -26.2% |
| 1971 | 6.6% | +65.6% |
| 1972 | 1.7% | -73.7% |
| 1973 | 2.5% | +47.2% |
| 1974 | -0.2% | -109.3% |
| 1975 | -0.9% | +267.9% |
| 1976 | -0.9% | +1.6% |
| 1977 | -1.4% | +56.3% |
| 1978 | 7.2% | -618.1% |
| 1979 | 2.0% | -71.5% |
| 1980 | 10.4% | +410.9% |
| 1981 | 6.7% | -36.2% |
| 1982 | 2.9% | -56.5% |
| 1983 | -6.7% | -332.1% |
| 1984 | 0.3% | -105.0% |
| 1985 | 2.6% | +656.7% |
| 1986 | 1.2% | -51.1% |
| 1987 | -4.0% | -417.9% |
| 1988 | -15.3% | +284.3% |
| 1989 | -0.6% | -96.1% |
| 1990 | 5.8% | -1084.3% |
| 1991 | 7.1% | +22.3% |
| 1992 | 6.0% | -16.3% |
| 1993 | 3.3% | -44.8% |
| 1994 | 0.8% | -77.1% |
| 1995 | -0.3% | -140.2% |
| 1996 | 2.0% | -759.1% |
| 1997 | 5.6% | +178.9% |
| 1998 | 6.2% | +12.2% |
| 1999 | 3.1% | -49.6% |
| 2000 | 2.2% | -30.7% |
| 2001 | -1.0% | -145.6% |
| 2002 | 0.5% | -155.2% |
| 2003 | 3.1% | +464.8% |
| 2004 | 6.1% | +97.6% |
| 2005 | 6.3% | +2.0% |
| 2006 | 7.8% | +25.3% |
| 2007 | 11.1% | +41.6% |
| 2008 | 8.2% | -26.0% |
| 2009 | -0.2% | -102.5% |
| 2010 | 4.2% | -2147.7% |
| 2011 | 9.9% | +136.8% |
| 2012 | 7.7% | -22.4% |
| 2013 | 4.5% | -41.8% |
| 2014 | 2.8% | -36.9% |
| 2015 | 3.5% | +22.3% |
| 2016 | 2.8% | -19.7% |
| 2017 | 3.9% | +42.0% |
| 2018 | 2.2% | -44.4% |
| 2019 | 1.5% | -32.7% |
| 2020 | -18.9% | -1383.7% |
| 2021 | 15.1% | -179.6% |
| 2022 | 9.6% | -36.0% |
| 2023 | 5.8% | -40.1% |
| 2024 | 1.5% | -74.8% |
| 2025 | 3.1% | +111.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.9% | 1.3% | 7.7% | 9 |
| 1970s | 2.1% | -1.4% | 7.2% | 10 |
| 1980s | -0.2% | -15.3% | 10.4% | 10 |
| 1990s | 4.0% | -0.3% | 7.1% | 10 |
| 2000s | 4.4% | -1.0% | 11.1% | 10 |
| 2010s | 4.3% | 1.5% | 9.9% | 10 |
| 2020s | 2.7% | -18.9% | 15.1% | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp per capita growth in Panama?
- Gdp per capita growth in Panama was 3.1% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Panama?
- The highest recorded value was 15.1% in 2021.
- What is the lowest gdp per capita growth recorded in Panama?
- The lowest recorded value was -18.9% in 2020.
- How does Panama rank for gdp per capita growth?
- Panama ranks 82nd out of 213 countries with data for 2025.
- Is gdp per capita growth rising or falling in Panama?
- Over the last ten years it is down 11.0%. 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 per capita growth (annual %). Statizoid updates them automatically from the source API.
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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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.