Gross Domestic Product — Annual growth US$ per capita in Panama
Panama: Gross Domestic Product — Annual growth US$ per capita was 2.23 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth US$ per capita in Panama, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for gross domestic product — annual growth us$ per capita in Panama is 2.23 %, measured in 2024.
Compared with earlier readings it is down 70.5% on the previous year and down 72.0% over ten years.
Over the whole period, gross domestic product — annual growth us$ per capita in Panama peaked at 24.44 % in 1980 and was at its lowest, -19.24 %, in 2020.
That places Panama 147th out of 195 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 Domestic Product — Annual growth US$ per capita in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 9.71 % | — |
| 1972 | 6.88 % | -29.1% |
| 1973 | 11.32 % | +64.5% |
| 1974 | 11.29 % | -0.3% |
| 1975 | 9.13 % | -19.2% |
| 1976 | 3.54 % | -61.2% |
| 1977 | 3.43 % | -3.2% |
| 1978 | 15.72 % | +358.1% |
| 1979 | 11.75 % | -25.2% |
| 1980 | 24.44 % | +108.1% |
| 1981 | 9.98 % | -59.2% |
| 1982 | 3.41 % | -65.8% |
| 1983 | 2.62 % | -23.1% |
| 1984 | 3.28 % | +25.0% |
| 1985 | 4.21 % | +28.4% |
| 1986 | 3.29 % | -21.8% |
| 1987 | 0.8565 % | -74.0% |
| 1988 | -12.56 % | -1567.0% |
| 1989 | -1.86 % | -85.2% |
| 1990 | 6.42 % | -445.2% |
| 1991 | 7.65 % | +19.2% |
| 1992 | 11.32 % | +48.0% |
| 1993 | 6.96 % | -38.5% |
| 1994 | 4.46 % | -35.9% |
| 1995 | 0.1625 % | -96.4% |
| 1996 | 1.03 % | +536.6% |
| 1997 | 6.02 % | +482.0% |
| 1998 | 6.27 % | +4.1% |
| 1999 | 2.74 % | -56.3% |
| 2000 | -0.5386 % | -119.7% |
| 2001 | -0.3494 % | -35.1% |
| 2002 | 1.95 % | -658.1% |
| 2003 | 3.39 % | +73.7% |
| 2004 | 7.57 % | +123.4% |
| 2005 | 7.03 % | -7.1% |
| 2006 | 8.78 % | +24.9% |
| 2007 | 20.07 % | +128.7% |
| 2008 | 16.37 % | -18.4% |
| 2009 | 6.21 % | -62.1% |
| 2010 | 7 % | +12.6% |
| 2011 | 16.12 % | +130.4% |
| 2012 | 14.89 % | -7.6% |
| 2013 | 11.2 % | -24.8% |
| 2014 | 7.95 % | -29.0% |
| 2015 | 6.84 % | -13.9% |
| 2016 | 5.56 % | -18.7% |
| 2017 | 5.94 % | +6.7% |
| 2018 | 2.99 % | -49.7% |
| 2019 | 1.97 % | -34.0% |
| 2020 | -19.24 % | -1075.5% |
| 2021 | 16.66 % | -186.6% |
| 2022 | 12.1 % | -27.4% |
| 2023 | 7.55 % | -37.6% |
| 2024 | 2.23 % | -70.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.2 % | 3.43 % | 15.72 % | 9 |
| 1980s | 3.77 % | -12.56 % | 24.44 % | 10 |
| 1990s | 5.3 % | 0.1625 % | 11.32 % | 10 |
| 2000s | 7.05 % | -0.5386 % | 20.07 % | 10 |
| 2010s | 8.05 % | 1.97 % | 16.12 % | 10 |
| 2020s | 3.86 % | -19.24 % | 16.66 % | 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)
- 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$), annual 2.09 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — annual growth us$ per capita in Panama?
- Gross domestic product — annual growth us$ per capita in Panama was 2.23 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth us$ per capita recorded in Panama?
- The highest recorded value was 24.44 % in 1980.
- What is the lowest gross domestic product — annual growth us$ per capita recorded in Panama?
- The lowest recorded value was -19.24 % in 2020.
- How does Panama rank for gross domestic product — annual growth us$ per capita?
- Panama ranks 147th out of 195 countries with data for 2024.
- Is gross domestic product — annual growth us$ per capita rising or falling in Panama?
- Over the last ten years it is down 72.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth US$ per capita. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).