Gross capital formation in Panama
Panama: Gross capital formation was -7.1% in 2024. ◆ Volatile
Gross capital formation in Panama, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, gross capital formation in Panama stood at -7.1%.
Compared with earlier readings it is down 148.6% on the previous year and down 217.6% over ten years.
Over the whole period, gross capital formation in Panama peaked at 48.6% in 2021 and was at its lowest, -48.6%, in 2020.
That places Panama 152nd out of 168 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1997 | 11.0% | — |
| 1998 | 18.1% | +64.8% |
| 1999 | 8.2% | -54.8% |
| 2000 | -4.0% | -148.6% |
| 2001 | -17.8% | +348.5% |
| 2002 | 0.7% | -103.7% |
| 2003 | 20.8% | +3021.3% |
| 2004 | 17.0% | -18.5% |
| 2005 | 4.9% | -71.4% |
| 2006 | 14.1% | +190.7% |
| 2007 | 38.7% | +174.3% |
| 2008 | 28.1% | -27.5% |
| 2009 | -21.0% | -174.6% |
| 2010 | 32.6% | -255.3% |
| 2011 | 14.1% | -56.7% |
| 2012 | 24.9% | +76.9% |
| 2013 | 10.4% | -58.4% |
| 2014 | 6.1% | -41.5% |
| 2015 | 6.1% | +0.6% |
| 2016 | -0.4% | -106.0% |
| 2017 | 8.4% | -2398.1% |
| 2018 | 2.3% | -72.9% |
| 2019 | -4.8% | -310.7% |
| 2020 | -48.6% | +913.0% |
| 2021 | 48.6% | -200.1% |
| 2022 | 28.1% | -42.2% |
| 2023 | 14.7% | -47.7% |
| 2024 | -7.1% | -148.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.4% | 8.2% | 18.1% | 3 |
| 2000s | 8.2% | -21.0% | 38.7% | 10 |
| 2010s | 10.0% | -4.8% | 32.6% | 10 |
| 2020s | 7.1% | -48.6% | 48.6% | 5 |
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Panama?
- Gross capital formation in Panama was -7.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Panama?
- The highest recorded value was 48.6% in 2021.
- What is the lowest gross capital formation recorded in Panama?
- The lowest recorded value was -48.6% in 2020.
- How does Panama rank for gross capital formation?
- Panama ranks 152nd out of 168 countries with data for 2024.
- Is gross capital formation rising or falling in Panama?
- Over the last ten years it is down 217.6%. 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 Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.