GNI growth in Panama
Panama: GNI growth was 2.9% in 2024. ◆ Volatile
GNI growth in Panama, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gni growth in Panama is 2.9%, measured in 2024.
Compared with earlier readings it is down 61.4% on the previous year and up 41.1% over ten years.
Over the whole period, gni growth in Panama peaked at 14.8% in 2011 and was at its lowest, -15.5%, in 2020.
Panama ranks 91st of 163 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.
GNI growth in Panama, year by year
| Year | annual % | Change |
|---|---|---|
| 1997 | 9.1% | — |
| 1998 | 6.1% | -33.1% |
| 1999 | 3.2% | -47.4% |
| 2000 | 5.2% | +63.5% |
| 2001 | 2.2% | -58.6% |
| 2002 | 5.9% | +171.0% |
| 2003 | 4.3% | -26.5% |
| 2004 | 3.6% | -16.6% |
| 2005 | 9.7% | +167.6% |
| 2006 | 8.6% | -11.1% |
| 2007 | 12.0% | +39.3% |
| 2008 | 8.5% | -28.7% |
| 2009 | 7.6% | -10.6% |
| 2010 | 1.6% | -79.5% |
| 2011 | 14.8% | +845.9% |
| 2012 | 7.7% | -47.8% |
| 2013 | 8.4% | +8.4% |
| 2014 | 2.0% | -75.5% |
| 2015 | 10.5% | +414.8% |
| 2016 | 4.0% | -62.2% |
| 2017 | 6.2% | +54.6% |
| 2018 | 1.0% | -84.5% |
| 2019 | 5.2% | +441.6% |
| 2020 | -15.5% | -398.5% |
| 2021 | 13.0% | -184.0% |
| 2022 | 13.1% | +1.0% |
| 2023 | 7.5% | -42.9% |
| 2024 | 2.9% | -61.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.1% | 3.2% | 9.1% | 3 |
| 2000s | 6.8% | 2.2% | 12.0% | 10 |
| 2010s | 6.1% | 1.0% | 14.8% | 10 |
| 2020s | 4.2% | -15.5% | 13.1% | 5 |
Countries ranked near Panama
- 88 Madagascar 3.0% compare
- 89 Ecuador 2.9% compare
- 90 United Kingdom of Great Britain and Northern Ireland 2.9% compare
- 92 Mauritania 2.8% compare
- 93 Greece 2.8% compare
- 94 Uruguay 2.8% 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)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0246 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 487.09 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
Frequently asked questions
- What is gni growth in Panama?
- Gni growth in Panama was 2.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni growth recorded in Panama?
- The highest recorded value was 14.8% in 2011.
- What is the lowest gni growth recorded in Panama?
- The lowest recorded value was -15.5% in 2020.
- How does Panama rank for gni growth?
- Panama ranks 91st out of 163 countries with data for 2024.
- Is gni growth rising or falling in Panama?
- Over the last ten years it is up 41.1%. 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 GNI growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.