Gross domestic income in Panama
Panama: Gross domestic income was 82.81 billion constant LCU in 2024. ▲ Rising
Gross domestic income 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 domestic income in Panama is 82.81 billion constant LCU, measured in 2024. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 49.7% over ten years.
Over the whole period, gross domestic income in Panama peaked at 82.81 billion constant LCU in 2024 and was at its lowest, 16.22 billion constant LCU, in 1996.
Panama ranks 126th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross domestic income in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | 16.22 billion constant LCU | — |
| 1997 | 17.83 billion constant LCU | +9.9% |
| 1998 | 19.47 billion constant LCU | +9.2% |
| 1999 | 20.35 billion constant LCU | +4.5% |
| 2000 | 20.96 billion constant LCU | +3.0% |
| 2001 | 21.30 billion constant LCU | +1.6% |
| 2002 | 22.03 billion constant LCU | +3.4% |
| 2003 | 23.99 billion constant LCU | +8.9% |
| 2004 | 25.21 billion constant LCU | +5.1% |
| 2005 | 27.72 billion constant LCU | +9.9% |
| 2006 | 30.09 billion constant LCU | +8.6% |
| 2007 | 33.33 billion constant LCU | +10.8% |
| 2008 | 36.51 billion constant LCU | +9.5% |
| 2009 | 38.00 billion constant LCU | +4.1% |
| 2010 | 40.28 billion constant LCU | +6.0% |
| 2011 | 44.89 billion constant LCU | +11.5% |
| 2012 | 49.07 billion constant LCU | +9.3% |
| 2013 | 52.87 billion constant LCU | +7.7% |
| 2014 | 55.31 billion constant LCU | +4.6% |
| 2015 | 59.30 billion constant LCU | +7.2% |
| 2016 | 62.13 billion constant LCU | +4.8% |
| 2017 | 65.26 billion constant LCU | +5.1% |
| 2018 | 67.32 billion constant LCU | +3.1% |
| 2019 | 69.52 billion constant LCU | +3.3% |
| 2020 | 57.19 billion constant LCU | -17.7% |
| 2021 | 66.40 billion constant LCU | +16.1% |
| 2022 | 73.41 billion constant LCU | +10.6% |
| 2023 | 80.14 billion constant LCU | +9.2% |
| 2024 | 82.81 billion constant LCU | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.47 billion constant LCU | 16.22 billion constant LCU | 20.35 billion constant LCU | 4 |
| 2000s | 27.91 billion constant LCU | 20.96 billion constant LCU | 38.00 billion constant LCU | 10 |
| 2010s | 56.59 billion constant LCU | 40.28 billion constant LCU | 69.52 billion constant LCU | 10 |
| 2020s | 71.99 billion constant LCU | 57.19 billion constant LCU | 82.81 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gross domestic income in Panama?
- Gross domestic income in Panama was 82.81 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Panama?
- The highest recorded value was 82.81 billion constant LCU in 2024.
- What is the lowest gross domestic income recorded in Panama?
- The lowest recorded value was 16.22 billion constant LCU in 1996.
- How does Panama rank for gross domestic income?
- Panama ranks 126th out of 178 countries with data for 2024.
- Is gross domestic income rising or falling in Panama?
- Over the last ten years it is up 49.7%. 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 domestic income (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. 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.