Gross domestic product (GDP) (National statistical) in Panama
Panama: Gross domestic product (GDP) was 80.68 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
80.68 billion constant 2015 US$
Change on year
up 4.4%
World rank
73rd
of 209 countries
All-time high
80.68 billion constant 2015 US$
in 2025
All-time low
2.86 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross domestic product (GDP) in Panama, 1960–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
In 2025, gross domestic product (gdp) in Panama stood at 80.68 billion constant 2015 US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 44.7% over ten years.
Over the whole period, gross domestic product (gdp) in Panama peaked at 80.68 billion constant 2015 US$ in 2025 and was at its lowest, 2.86 billion constant 2015 US$, in 1960.
That places Panama 73rd out of 209 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 2.86 billion constant 2015 US$ | — |
| 1961 | 3.18 billion constant 2015 US$ | +10.9% |
| 1962 | 3.44 billion constant 2015 US$ | +8.2% |
| 1963 | 3.73 billion constant 2015 US$ | +8.5% |
| 1964 | 3.90 billion constant 2015 US$ | +4.4% |
| 1965 | 4.25 billion constant 2015 US$ | +9.2% |
| 1966 | 4.58 billion constant 2015 US$ | +7.6% |
| 1967 | 4.97 billion constant 2015 US$ | +8.6% |
| 1968 | 5.32 billion constant 2015 US$ | +7.0% |
| 1969 | 5.76 billion constant 2015 US$ | +8.4% |
| 1970 | 6.17 billion constant 2015 US$ | +7.0% |
| 1971 | 6.76 billion constant 2015 US$ | +9.6% |
| 1972 | 7.07 billion constant 2015 US$ | +4.6% |
| 1973 | 7.45 billion constant 2015 US$ | +5.4% |
| 1974 | 7.63 billion constant 2015 US$ | +2.4% |
| 1975 | 7.76 billion constant 2015 US$ | +1.7% |
| 1976 | 7.89 billion constant 2015 US$ | +1.7% |
| 1977 | 7.98 billion constant 2015 US$ | +1.1% |
| 1978 | 8.76 billion constant 2015 US$ | +9.8% |
| 1979 | 9.15 billion constant 2015 US$ | +4.5% |
| 1980 | 10.35 billion constant 2015 US$ | +13.1% |
| 1981 | 11.31 billion constant 2015 US$ | +9.2% |
| 1982 | 11.91 billion constant 2015 US$ | +5.3% |
| 1983 | 11.38 billion constant 2015 US$ | -4.5% |
| 1984 | 11.68 billion constant 2015 US$ | +2.7% |
| 1985 | 12.26 billion constant 2015 US$ | +4.9% |
| 1986 | 12.70 billion constant 2015 US$ | +3.6% |
| 1987 | 12.47 billion constant 2015 US$ | -1.8% |
| 1988 | 10.80 billion constant 2015 US$ | -13.4% |
| 1989 | 10.97 billion constant 2015 US$ | +1.6% |
| 1990 | 11.86 billion constant 2015 US$ | +8.1% |
| 1991 | 12.97 billion constant 2015 US$ | +9.4% |
| 1992 | 14.04 billion constant 2015 US$ | +8.2% |
| 1993 | 14.80 billion constant 2015 US$ | +5.5% |
| 1994 | 15.23 billion constant 2015 US$ | +2.8% |
| 1995 | 15.49 billion constant 2015 US$ | +1.8% |
| 1996 | 16.12 billion constant 2015 US$ | +4.1% |
| 1997 | 17.37 billion constant 2015 US$ | +7.7% |
| 1998 | 18.82 billion constant 2015 US$ | +8.4% |
| 1999 | 19.81 billion constant 2015 US$ | +5.2% |
| 2000 | 20.64 billion constant 2015 US$ | +4.2% |
| 2001 | 20.84 billion constant 2015 US$ | +1.0% |
| 2002 | 21.36 billion constant 2015 US$ | +2.5% |
| 2003 | 22.45 billion constant 2015 US$ | +5.1% |
| 2004 | 24.28 billion constant 2015 US$ | +8.2% |
| 2005 | 26.29 billion constant 2015 US$ | +8.3% |
| 2006 | 28.88 billion constant 2015 US$ | +9.9% |
| 2007 | 32.68 billion constant 2015 US$ | +13.2% |
| 2008 | 36.02 billion constant 2015 US$ | +10.2% |
| 2009 | 36.60 billion constant 2015 US$ | +1.6% |
| 2010 | 38.82 billion constant 2015 US$ | +6.1% |
| 2011 | 43.44 billion constant 2015 US$ | +11.9% |
| 2012 | 47.62 billion constant 2015 US$ | +9.6% |
| 2013 | 50.64 billion constant 2015 US$ | +6.3% |
| 2014 | 52.98 billion constant 2015 US$ | +4.6% |
| 2015 | 55.77 billion constant 2015 US$ | +5.3% |
| 2016 | 58.32 billion constant 2015 US$ | +4.6% |
| 2017 | 61.67 billion constant 2015 US$ | +5.7% |
| 2018 | 64.08 billion constant 2015 US$ | +3.9% |
| 2019 | 66.07 billion constant 2015 US$ | +3.1% |
| 2020 | 54.30 billion constant 2015 US$ | -17.8% |
| 2021 | 63.24 billion constant 2015 US$ | +16.5% |
| 2022 | 70.22 billion constant 2015 US$ | +11.0% |
| 2023 | 75.25 billion constant 2015 US$ | +7.2% |
| 2024 | 77.32 billion constant 2015 US$ | +2.7% |
| 2025 | 80.68 billion constant 2015 US$ | +4.4% |
Panama compared with similar countries
- Panama's 80.68 billion constant 2015 US$ is above the median for high income countries, which is 76.03 billion constant 2015 US$, 1.1× the median. (80 countries reporting)
- Panama's 80.68 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 25.54 billion constant 2015 US$, 3.2× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.20 billion constant 2015 US$ | 2.86 billion constant 2015 US$ | 5.76 billion constant 2015 US$ | 10 |
| 1970s | 7.66 billion constant 2015 US$ | 6.17 billion constant 2015 US$ | 9.15 billion constant 2015 US$ | 10 |
| 1980s | 11.58 billion constant 2015 US$ | 10.35 billion constant 2015 US$ | 12.70 billion constant 2015 US$ | 10 |
| 1990s | 15.65 billion constant 2015 US$ | 11.86 billion constant 2015 US$ | 19.81 billion constant 2015 US$ | 10 |
| 2000s | 27.00 billion constant 2015 US$ | 20.64 billion constant 2015 US$ | 36.60 billion constant 2015 US$ | 10 |
| 2010s | 53.94 billion constant 2015 US$ | 38.82 billion constant 2015 US$ | 66.07 billion constant 2015 US$ | 10 |
| 2020s | 70.17 billion constant 2015 US$ | 54.30 billion constant 2015 US$ | 80.68 billion constant 2015 US$ | 6 |
Countries ranked near Panama
- 70 Cote d'Ivoire 81.48 billion constant 2015 US$ compare
- 71 Cuba 81.05 billion constant 2015 US$ compare
- 72 Costa Rica 80.74 billion constant 2015 US$ compare
- 74 Ukraine 80.23 billion constant 2015 US$ compare
- 75 Ghana 79.27 billion constant 2015 US$ compare
- 76 Tanzania 78.82 billion constant 2015 US$ 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 gross domestic product (gdp) in Panama?
- Gross domestic product (gdp) in Panama was 80.68 billion constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Panama?
- The highest recorded value was 80.68 billion constant 2015 US$ in 2025.
- What is the lowest gross domestic product (gdp) recorded in Panama?
- The lowest recorded value was 2.86 billion constant 2015 US$ in 1960.
- How does Panama rank for gross domestic product (gdp)?
- Panama ranks 73rd out of 209 countries with data for 2025.
- Is gross domestic product (gdp) rising or falling in Panama?
- Over the last ten years it is up 44.7%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.