GDP per capita in Panama
Panama: GDP per capita was 23,557 international-$ in 2011 prices in 2022. ◆ Volatile
GDP per capita in Panama, 1906–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
The most recent figure for gdp per capita in Panama is 23,557 international-$ in 2011 prices, measured in 2022. That is the highest value across all 117 years on record.
That represents a change of up 9.4% on the previous year and up 30.5% over ten years.
Over the whole period, gdp per capita in Panama peaked at 23,557 international-$ in 2011 prices in 2022 and was at its lowest, 2,276 international-$ in 2011 prices, in 1906.
Panama ranks 54th of 165 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 |
|---|---|---|---|---|
| 1900s | 2,451 international-$ in 2011 prices | 2,276 international-$ in 2011 prices | 2,648 international-$ in 2011 prices | 4 |
| 1910s | 2,854 international-$ in 2011 prices | 2,534 international-$ in 2011 prices | 3,084 international-$ in 2011 prices | 10 |
| 1920s | 2,485 international-$ in 2011 prices | 2,370 international-$ in 2011 prices | 2,605 international-$ in 2011 prices | 10 |
| 1930s | 2,506 international-$ in 2011 prices | 2,362 international-$ in 2011 prices | 2,707 international-$ in 2011 prices | 10 |
| 1940s | 2,930 international-$ in 2011 prices | 2,651 international-$ in 2011 prices | 3,371 international-$ in 2011 prices | 10 |
| 1950s | 2,775 international-$ in 2011 prices | 2,491 international-$ in 2011 prices | 3,124 international-$ in 2011 prices | 10 |
| 1960s | 4,090 international-$ in 2011 prices | 3,217 international-$ in 2011 prices | 4,976 international-$ in 2011 prices | 10 |
| 1970s | 5,637 international-$ in 2011 prices | 5,131 international-$ in 2011 prices | 6,075 international-$ in 2011 prices | 10 |
| 1980s | 7,208 international-$ in 2011 prices | 6,715 international-$ in 2011 prices | 7,653 international-$ in 2011 prices | 10 |
| 1990s | 8,554 international-$ in 2011 prices | 7,119 international-$ in 2011 prices | 9,785 international-$ in 2011 prices | 10 |
| 2000s | 11,657 international-$ in 2011 prices | 9,805 international-$ in 2011 prices | 14,516 international-$ in 2011 prices | 10 |
| 2010s | 19,938 international-$ in 2011 prices | 15,169 international-$ in 2011 prices | 23,218 international-$ in 2011 prices | 10 |
| 2020s | 21,312 international-$ in 2011 prices | 18,841 international-$ in 2011 prices | 23,557 international-$ in 2011 prices | 3 |
Countries ranked near Panama
- 51 Trinidad and Tobago 25,773 international-$ in 2011 prices compare
- 52 Russia 25,437 international-$ in 2011 prices compare
- 53 Greece 25,284 international-$ in 2011 prices compare
- 55 Chile 22,741 international-$ in 2011 prices compare
- 56 Equatorial Guinea 22,707 international-$ in 2011 prices compare
- 57 Montenegro 20,942 international-$ in 2011 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 gdp per capita in Panama?
- Gdp per capita in Panama was 23,557 international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Panama?
- The highest recorded value was 23,557 international-$ in 2011 prices in 2022.
- What is the lowest gdp per capita recorded in Panama?
- The lowest recorded value was 2,276 international-$ in 2011 prices in 1906.
- How does Panama rank for gdp per capita?
- Panama ranks 54th out of 165 countries with data for 2022.
- Is gdp per capita rising or falling in Panama?
- Over the last ten years it is up 30.5%. 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 minor processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.