Gross capital formation in Panama
Panama: Gross capital formation was 27.52 billion constant LCU in 2024. ◆ Volatile
Gross capital formation in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross capital formation in Panama is 27.52 billion constant LCU, measured in 2024.
The figure is down 7.1% on the previous year and up 16.3% over ten years.
Over the whole period, gross capital formation in Panama peaked at 29.64 billion constant LCU in 2023 and was at its lowest, 4.00 billion constant LCU, in 1996.
Panama ranks 115th of 170 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.
Gross capital formation in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | 4.00 billion constant LCU | — |
| 1997 | 4.44 billion constant LCU | +11.0% |
| 1998 | 5.24 billion constant LCU | +18.1% |
| 1999 | 5.67 billion constant LCU | +8.2% |
| 2000 | 5.44 billion constant LCU | -4.0% |
| 2001 | 4.48 billion constant LCU | -17.8% |
| 2002 | 4.50 billion constant LCU | +0.7% |
| 2003 | 5.44 billion constant LCU | +20.8% |
| 2004 | 6.37 billion constant LCU | +17.0% |
| 2005 | 6.68 billion constant LCU | +4.9% |
| 2006 | 7.62 billion constant LCU | +14.1% |
| 2007 | 10.57 billion constant LCU | +38.7% |
| 2008 | 13.54 billion constant LCU | +28.1% |
| 2009 | 10.70 billion constant LCU | -21.0% |
| 2010 | 14.18 billion constant LCU | +32.6% |
| 2011 | 16.18 billion constant LCU | +14.1% |
| 2012 | 20.21 billion constant LCU | +24.9% |
| 2013 | 22.31 billion constant LCU | +10.4% |
| 2014 | 23.66 billion constant LCU | +6.1% |
| 2015 | 25.11 billion constant LCU | +6.1% |
| 2016 | 25.02 billion constant LCU | -0.4% |
| 2017 | 27.12 billion constant LCU | +8.4% |
| 2018 | 27.73 billion constant LCU | +2.3% |
| 2019 | 26.40 billion constant LCU | -4.8% |
| 2020 | 13.58 billion constant LCU | -48.6% |
| 2021 | 20.18 billion constant LCU | +48.6% |
| 2022 | 25.84 billion constant LCU | +28.1% |
| 2023 | 29.64 billion constant LCU | +14.7% |
| 2024 | 27.52 billion constant LCU | -7.1% |
Panama compared with similar countries
- Panama's 27.52 billion constant LCU is below the median for high income countries, which is 120.45 billion constant LCU, 23% of the median. (58 countries reporting)
- Panama's 27.52 billion constant LCU is below the median for Latin America & Caribbean, which is 74.88 billion constant LCU, 37% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.84 billion constant LCU | 4.00 billion constant LCU | 5.67 billion constant LCU | 4 |
| 2000s | 7.53 billion constant LCU | 4.48 billion constant LCU | 13.54 billion constant LCU | 10 |
| 2010s | 22.79 billion constant LCU | 14.18 billion constant LCU | 27.73 billion constant LCU | 10 |
| 2020s | 23.35 billion constant LCU | 13.58 billion constant LCU | 29.64 billion constant LCU | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Panama?
- Gross capital formation in Panama was 27.52 billion constant LCU 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 29.64 billion constant LCU in 2023.
- What is the lowest gross capital formation recorded in Panama?
- The lowest recorded value was 4.00 billion constant LCU in 1996.
- How does Panama rank for gross capital formation?
- Panama ranks 115th out of 170 countries with data for 2024.
- Is gross capital formation rising or falling in Panama?
- Over the last ten years it is up 16.3%. 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 (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.