Gross capital formation in Panama
Panama: Gross capital formation was 33.5% in 2024. ▲ Rising
Gross capital formation in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross capital formation in Panama is 33.5%, measured in 2024.
The figure is down 10.6% on the previous year and down 23.0% over ten years.
Over the whole period, gross capital formation in Panama peaked at 43.6% in 2014 and was at its lowest, 7.7%, in 1989.
That places Panama 19th out of 187 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 65 years of available data.
Gross capital formation in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 21.3% | — |
| 1961 | 24.9% | +16.9% |
| 1962 | 25.6% | +2.8% |
| 1963 | 25.7% | +0.2% |
| 1964 | 22.2% | -13.3% |
| 1965 | 22.9% | +3.2% |
| 1966 | 28.6% | +24.6% |
| 1967 | 27.5% | -3.8% |
| 1968 | 29.1% | +5.9% |
| 1969 | 30.7% | +5.5% |
| 1970 | 34.4% | +12.0% |
| 1971 | 37.6% | +9.1% |
| 1972 | 39.4% | +4.8% |
| 1973 | 41.5% | +5.5% |
| 1974 | 41.6% | +0.1% |
| 1975 | 38.1% | -8.3% |
| 1976 | 39.1% | +2.6% |
| 1977 | 29.3% | -25.0% |
| 1978 | 32.9% | +12.0% |
| 1979 | 34.7% | +5.6% |
| 1980 | 35.3% | +1.7% |
| 1981 | 35.6% | +0.9% |
| 1982 | 33.8% | -5.1% |
| 1983 | 22.5% | -33.5% |
| 1984 | 18.6% | -17.1% |
| 1985 | 19.1% | +2.7% |
| 1986 | 21.7% | +13.2% |
| 1987 | 23.1% | +6.7% |
| 1988 | 9.4% | -59.1% |
| 1989 | 7.7% | -18.1% |
| 1990 | 21.1% | +173.4% |
| 1991 | 24.1% | +14.0% |
| 1992 | 29.8% | +23.4% |
| 1993 | 31.1% | +4.4% |
| 1994 | 33.7% | +8.4% |
| 1995 | 38.0% | +12.9% |
| 1996 | 26.7% | -29.7% |
| 1997 | 27.0% | +1.1% |
| 1998 | 29.8% | +10.3% |
| 1999 | 29.1% | -2.5% |
| 2000 | 28.4% | -2.3% |
| 2001 | 22.4% | -21.2% |
| 2002 | 21.2% | -5.3% |
| 2003 | 25.5% | +20.2% |
| 2004 | 27.1% | +6.4% |
| 2005 | 27.0% | -0.3% |
| 2006 | 28.6% | +5.8% |
| 2007 | 35.4% | +23.7% |
| 2008 | 41.4% | +17.0% |
| 2009 | 30.9% | -25.5% |
| 2010 | 37.3% | +21.0% |
| 2011 | 37.6% | +0.7% |
| 2012 | 42.5% | +13.0% |
| 2013 | 43.1% | +1.3% |
| 2014 | 43.6% | +1.2% |
| 2015 | 42.3% | -3.0% |
| 2016 | 40.3% | -4.7% |
| 2017 | 41.5% | +3.0% |
| 2018 | 41.2% | -0.7% |
| 2019 | 38.1% | -7.6% |
| 2020 | 24.0% | -37.1% |
| 2021 | 31.3% | +30.7% |
| 2022 | 35.9% | +14.6% |
| 2023 | 37.5% | +4.6% |
| 2024 | 33.5% | -10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.9% | 21.3% | 30.7% | 10 |
| 1970s | 36.9% | 29.3% | 41.6% | 10 |
| 1980s | 22.7% | 7.7% | 35.6% | 10 |
| 1990s | 29.0% | 21.1% | 38.0% | 10 |
| 2000s | 28.8% | 21.2% | 41.4% | 10 |
| 2010s | 40.7% | 37.3% | 43.6% | 10 |
| 2020s | 32.4% | 24.0% | 37.5% | 5 |
Countries ranked near Panama
- 16 Kosovo 34.6% compare
- 16 Kosovo (UNSCR 1244) 34.6% compare
- 18 Rwanda 34.1% compare
- 20 Uzbekistan 33.3% compare
- 21 Tajikistan 32.4% compare
- 22 Guyana 32.3% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.048 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 949.21 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.048 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 949.21 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0403 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 796.82 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 842.84 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.09 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Panama?
- Gross capital formation in Panama was 33.5% 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 43.6% in 2014.
- What is the lowest gross capital formation recorded in Panama?
- The lowest recorded value was 7.7% in 1989.
- How does Panama rank for gross capital formation?
- Panama ranks 19th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Panama?
- Over the last ten years it is down 23.0%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.