GDP per capita (Feenstra et) in Panama
Panama: GDP per capita was 36,935 international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
36,935 international-$ in 2021 prices
Change on year
up 5.1%
World rank
48th
of 184 countries
All-time high
36,935 international-$ in 2021 prices
in 2023
All-time low
2,326 international-$ in 2021 prices
in 1951
Years of data
74
1950–2023
GDP per capita 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
In 2023, gdp per capita in Panama stood at 36,935 international-$ in 2021 prices. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 49.8% over ten years.
Over the whole period, gdp per capita in Panama peaked at 36,935 international-$ in 2021 prices in 2023 and was at its lowest, 2,326 international-$ in 2021 prices, in 1951.
That places Panama 48th out of 184 countries with data for 2023, 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 in Panama, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 2,412 international-$ in 2021 prices | — |
| 1951 | 2,326 international-$ in 2021 prices | -3.5% |
| 1952 | 2,445 international-$ in 2021 prices | +5.1% |
| 1953 | 2,551 international-$ in 2021 prices | +4.3% |
| 1954 | 2,652 international-$ in 2021 prices | +4.0% |
| 1955 | 2,773 international-$ in 2021 prices | +4.5% |
| 1956 | 2,809 international-$ in 2021 prices | +1.3% |
| 1957 | 3,030 international-$ in 2021 prices | +7.9% |
| 1958 | 3,004 international-$ in 2021 prices | -0.8% |
| 1959 | 3,104 international-$ in 2021 prices | +3.3% |
| 1960 | 3,208 international-$ in 2021 prices | +3.3% |
| 1961 | 3,455 international-$ in 2021 prices | +7.7% |
| 1962 | 3,649 international-$ in 2021 prices | +5.6% |
| 1963 | 3,830 international-$ in 2021 prices | +5.0% |
| 1964 | 3,912 international-$ in 2021 prices | +2.1% |
| 1965 | 4,146 international-$ in 2021 prices | +6.0% |
| 1966 | 4,331 international-$ in 2021 prices | +4.5% |
| 1967 | 4,603 international-$ in 2021 prices | +6.3% |
| 1968 | 4,793 international-$ in 2021 prices | +4.1% |
| 1969 | 5,081 international-$ in 2021 prices | +6.0% |
| 1970 | 5,892 international-$ in 2021 prices | +16.0% |
| 1971 | 6,363 international-$ in 2021 prices | +8.0% |
| 1972 | 6,568 international-$ in 2021 prices | +3.2% |
| 1973 | 6,716 international-$ in 2021 prices | +2.2% |
| 1974 | 6,924 international-$ in 2021 prices | +3.1% |
| 1975 | 6,867 international-$ in 2021 prices | -0.8% |
| 1976 | 6,749 international-$ in 2021 prices | -1.7% |
| 1977 | 6,562 international-$ in 2021 prices | -2.8% |
| 1978 | 6,903 international-$ in 2021 prices | +5.2% |
| 1979 | 7,015 international-$ in 2021 prices | +1.6% |
| 1980 | 7,561 international-$ in 2021 prices | +7.8% |
| 1981 | 7,960 international-$ in 2021 prices | +5.3% |
| 1982 | 7,758 international-$ in 2021 prices | -2.5% |
| 1983 | 8,099 international-$ in 2021 prices | +4.4% |
| 1984 | 7,861 international-$ in 2021 prices | -2.9% |
| 1985 | 7,467 international-$ in 2021 prices | -5.0% |
| 1986 | 8,074 international-$ in 2021 prices | +8.1% |
| 1987 | 8,506 international-$ in 2021 prices | +5.3% |
| 1988 | 7,444 international-$ in 2021 prices | -12.5% |
| 1989 | 7,331 international-$ in 2021 prices | -1.5% |
| 1990 | 7,747 international-$ in 2021 prices | +5.7% |
| 1991 | 8,450 international-$ in 2021 prices | +9.1% |
| 1992 | 8,871 international-$ in 2021 prices | +5.0% |
| 1993 | 9,048 international-$ in 2021 prices | +2.0% |
| 1994 | 9,099 international-$ in 2021 prices | +0.6% |
| 1995 | 8,851 international-$ in 2021 prices | -2.7% |
| 1996 | 9,202 international-$ in 2021 prices | +4.0% |
| 1997 | 9,976 international-$ in 2021 prices | +8.4% |
| 1998 | 10,611 international-$ in 2021 prices | +6.4% |
| 1999 | 10,748 international-$ in 2021 prices | +1.3% |
| 2000 | 11,141 international-$ in 2021 prices | +3.7% |
| 2001 | 11,136 international-$ in 2021 prices | -0.0% |
| 2002 | 11,509 international-$ in 2021 prices | +3.3% |
| 2003 | 12,637 international-$ in 2021 prices | +9.8% |
| 2004 | 12,640 international-$ in 2021 prices | +0.0% |
| 2005 | 15,335 international-$ in 2021 prices | +21.3% |
| 2006 | 16,461 international-$ in 2021 prices | +7.3% |
| 2007 | 15,166 international-$ in 2021 prices | -7.9% |
| 2008 | 16,584 international-$ in 2021 prices | +9.3% |
| 2009 | 16,931 international-$ in 2021 prices | +2.1% |
| 2010 | 18,333 international-$ in 2021 prices | +8.3% |
| 2011 | 20,748 international-$ in 2021 prices | +13.2% |
| 2012 | 23,355 international-$ in 2021 prices | +12.6% |
| 2013 | 24,653 international-$ in 2021 prices | +5.6% |
| 2014 | 27,136 international-$ in 2021 prices | +10.1% |
| 2015 | 28,520 international-$ in 2021 prices | +5.1% |
| 2016 | 31,054 international-$ in 2021 prices | +8.9% |
| 2017 | 34,879 international-$ in 2021 prices | +12.3% |
| 2018 | 34,077 international-$ in 2021 prices | -2.3% |
| 2019 | 34,846 international-$ in 2021 prices | +2.3% |
| 2020 | 28,022 international-$ in 2021 prices | -19.6% |
| 2021 | 31,360 international-$ in 2021 prices | +11.9% |
| 2022 | 35,136 international-$ in 2021 prices | +12.0% |
| 2023 | 36,935 international-$ in 2021 prices | +5.1% |
Panama compared with similar countries
- Panama's 36,935 international-$ in 2021 prices is below the median for high income countries, which is 45,556 international-$ in 2021 prices, 81% of the median. (66 countries reporting)
- Panama's 36,935 international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 17,495 international-$ in 2021 prices, 2.1× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2,711 international-$ in 2021 prices | 2,326 international-$ in 2021 prices | 3,104 international-$ in 2021 prices | 10 |
| 1960s | 4,101 international-$ in 2021 prices | 3,208 international-$ in 2021 prices | 5,081 international-$ in 2021 prices | 10 |
| 1970s | 6,656 international-$ in 2021 prices | 5,892 international-$ in 2021 prices | 7,015 international-$ in 2021 prices | 10 |
| 1980s | 7,806 international-$ in 2021 prices | 7,331 international-$ in 2021 prices | 8,506 international-$ in 2021 prices | 10 |
| 1990s | 9,260 international-$ in 2021 prices | 7,747 international-$ in 2021 prices | 10,748 international-$ in 2021 prices | 10 |
| 2000s | 13,954 international-$ in 2021 prices | 11,136 international-$ in 2021 prices | 16,931 international-$ in 2021 prices | 10 |
| 2010s | 27,760 international-$ in 2021 prices | 18,333 international-$ in 2021 prices | 34,879 international-$ in 2021 prices | 10 |
| 2020s | 32,863 international-$ in 2021 prices | 28,022 international-$ in 2021 prices | 36,935 international-$ in 2021 prices | 4 |
Countries ranked near Panama
- 45 Russia 39,227 international-$ in 2021 prices compare
- 46 Poland 39,206 international-$ in 2021 prices compare
- 47 Estonia 37,454 international-$ in 2021 prices compare
- 49 Portugal 36,633 international-$ in 2021 prices compare
- 50 Croatia 36,543 international-$ in 2021 prices compare
- 51 Turkey 35,774 international-$ in 2021 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)
- 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 in Panama?
- Gdp per capita in Panama was 36,935 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 gdp per capita recorded in Panama?
- The highest recorded value was 36,935 international-$ in 2021 prices in 2023.
- What is the lowest gdp per capita recorded in Panama?
- The lowest recorded value was 2,326 international-$ in 2021 prices in 1951.
- How does Panama rank for gdp per capita?
- Panama ranks 48th out of 184 countries with data for 2023.
- Is gdp per capita rising or falling in Panama?
- Over the last ten years it is up 49.8%. 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 GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.