GDP per capita growth (annual %) (Country official) in Panama
Panama: GDP per capita growth (annual %) (Country official) 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 84th out of 215 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 (annual %) (Country official) 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% |
Panama compared with similar countries
- Panama's 3.1% is above the median for high income countries, which is 1.7%, 1.8× the median. (83 countries reporting)
- Panama's 3.1% is above the median for Latin America & Caribbean, which is 2.4%, 1.3× the median. (41 countries reporting)
Biggest year-on-year movements
Years where GDP per capita growth (annual %) (Country official) in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2147.7% | -0.2% | 4.2% |
| 2020 | -1383.7% | 1.5% | -18.9% |
| 1990 | +1084.3% | -0.6% | 5.8% |
| 1996 | +759.1% | -0.3% | 2.0% |
| 1985 | +656.7% | 0.3% | 2.6% |
| 1978 | +618.1% | -1.4% | 7.2% |
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)
- 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 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 84th out of 215 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.