Gross capital formation in Panama
Panama: Gross capital formation was 29.01 billion current US$ in 2024. ◆ Volatile
Latest (2024)
29.01 billion current US$
Change on year
down 7.7%
World rank
63rd
of 187 countries
All-time high
31.42 billion current US$
in 2023
All-time low
114.49 million current US$
in 1960
Years of data
65
1960–2024
Gross capital formation in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Panama is 29.01 billion current US$, measured in 2024.
That represents a change of down 7.7% on the previous year and up 29.5% over ten years.
Over the whole period, gross capital formation in Panama peaked at 31.42 billion current US$ in 2023 and was at its lowest, 114.49 million current US$, in 1960.
That places Panama 63rd out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 114.49 million current US$ | — |
| 1961 | 149.27 million current US$ | +30.4% |
| 1962 | 167.00 million current US$ | +11.9% |
| 1963 | 185.41 million current US$ | +11.0% |
| 1964 | 172.57 million current US$ | -6.9% |
| 1965 | 195.54 million current US$ | +13.3% |
| 1966 | 265.45 million current US$ | +35.8% |
| 1967 | 284.36 million current US$ | +7.1% |
| 1968 | 324.04 million current US$ | +14.0% |
| 1969 | 375.38 million current US$ | +15.8% |
| 1970 | 465.21 million current US$ | +23.9% |
| 1971 | 572.55 million current US$ | +23.1% |
| 1972 | 658.63 million current US$ | +15.0% |
| 1973 | 794.77 million current US$ | +20.7% |
| 1974 | 909.97 million current US$ | +14.5% |
| 1975 | 928.46 million current US$ | +2.0% |
| 1976 | 1.01 billion current US$ | +9.1% |
| 1977 | 803.28 million current US$ | -20.7% |
| 1978 | 1.07 billion current US$ | +32.8% |
| 1979 | 1.29 billion current US$ | +20.6% |
| 1980 | 1.63 billion current US$ | +26.7% |
| 1981 | 1.86 billion current US$ | +14.2% |
| 1982 | 1.95 billion current US$ | +4.8% |
| 1983 | 1.33 billion current US$ | -31.8% |
| 1984 | 1.15 billion current US$ | -13.5% |
| 1985 | 1.25 billion current US$ | +8.6% |
| 1986 | 1.47 billion current US$ | +17.7% |
| 1987 | 1.58 billion current US$ | +7.1% |
| 1988 | 557.25 million current US$ | -64.7% |
| 1989 | 457.60 million current US$ | -17.9% |
| 1990 | 1.36 billion current US$ | +197.2% |
| 1991 | 1.71 billion current US$ | +25.4% |
| 1992 | 2.39 billion current US$ | +40.3% |
| 1993 | 2.73 billion current US$ | +14.0% |
| 1994 | 3.15 billion current US$ | +15.6% |
| 1995 | 3.64 billion current US$ | +15.5% |
| 1996 | 2.46 billion current US$ | -32.5% |
| 1997 | 2.72 billion current US$ | +10.6% |
| 1998 | 3.29 billion current US$ | +20.8% |
| 1999 | 3.39 billion current US$ | +3.2% |
| 2000 | 3.40 billion current US$ | +0.3% |
| 2001 | 2.74 billion current US$ | -19.3% |
| 2002 | 2.71 billion current US$ | -1.0% |
| 2003 | 3.47 billion current US$ | +27.7% |
| 2004 | 4.09 billion current US$ | +18.1% |
| 2005 | 4.49 billion current US$ | +9.8% |
| 2006 | 5.34 billion current US$ | +18.8% |
| 2007 | 7.69 billion current US$ | +44.0% |
| 2008 | 10.65 billion current US$ | +38.5% |
| 2009 | 8.58 billion current US$ | -19.5% |
| 2010 | 11.29 billion current US$ | +31.6% |
| 2011 | 13.43 billion current US$ | +18.9% |
| 2012 | 17.68 billion current US$ | +31.7% |
| 2013 | 20.22 billion current US$ | +14.4% |
| 2014 | 22.41 billion current US$ | +10.8% |
| 2015 | 23.57 billion current US$ | +5.2% |
| 2016 | 24.06 billion current US$ | +2.1% |
| 2017 | 26.69 billion current US$ | +10.9% |
| 2018 | 27.73 billion current US$ | +3.9% |
| 2019 | 26.56 billion current US$ | -4.2% |
| 2020 | 13.67 billion current US$ | -48.5% |
| 2021 | 21.09 billion current US$ | +54.3% |
| 2022 | 27.42 billion current US$ | +30.0% |
| 2023 | 31.42 billion current US$ | +14.6% |
| 2024 | 29.01 billion current US$ | -7.7% |
Panama compared with similar countries
- Panama's 29.01 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 60% of the median. (67 countries reporting)
- Panama's 29.01 billion current US$ is above the median for Latin America & Caribbean, which is 11.53 billion current US$, 2.5× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +197.2% | 457.60 million current US$ | 1.36 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 223.35 million current US$ | 114.49 million current US$ | 375.38 million current US$ | 10 |
| 1970s | 849.75 million current US$ | 465.21 million current US$ | 1.29 billion current US$ | 10 |
| 1980s | 1.32 billion current US$ | 457.60 million current US$ | 1.95 billion current US$ | 10 |
| 1990s | 2.68 billion current US$ | 1.36 billion current US$ | 3.64 billion current US$ | 10 |
| 2000s | 5.32 billion current US$ | 2.71 billion current US$ | 10.65 billion current US$ | 10 |
| 2010s | 21.36 billion current US$ | 11.29 billion current US$ | 27.73 billion current US$ | 10 |
| 2020s | 24.52 billion current US$ | 13.67 billion current US$ | 31.42 billion current US$ | 5 |
Countries ranked near Panama
- 60 Sri Lanka 32.26 billion current US$ compare
- 61 Dominican Republic 31.47 billion current US$ compare
- 62 Slovakia 31.04 billion current US$ compare
- 64 Democratic Republic of Congo 28.81 billion current US$ compare
- 65 Bulgaria 28.40 billion current US$ compare
- 66 Ecuador 27.29 billion current 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)
- 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Panama?
- Gross capital formation in Panama was 29.01 billion current US$ 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 31.42 billion current US$ in 2023.
- What is the lowest gross capital formation recorded in Panama?
- The lowest recorded value was 114.49 million current US$ in 1960.
- How does Panama rank for gross capital formation?
- Panama ranks 63rd out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Panama?
- Over the last ten years it is up 29.5%. 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 (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.