Gross domestic product (GDP), annual growth rate (Bolt) in Panama
Panama: Gross domestic product (GDP), annual growth rate (Bolt) was 10.81 % change on previous year in 2022. ◆ Volatile
Latest (2022)
10.81 % change on previous year
Change on year
down 31.7%
World rank
6th
of 166 countries
All-time high
15.84 % change on previous year
in 2021
All-time low
-17.67 % change on previous year
in 2020
Years of data
116
1907–2022
Gross domestic product (GDP), annual growth rate in Panama, 1907–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, gross domestic product (gdp), annual growth rate in Panama stood at 10.81 % change on previous year.
Compared with earlier readings it is down 31.7% on the previous year and up 16.9% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Panama peaked at 15.84 % change on previous year in 2021 and was at its lowest, -17.67 % change on previous year, in 2020.
That places Panama 6th out of 166 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1907 | 6.88 % change on previous year | — |
| 1908 | 7.41 % change on previous year | +7.6% |
| 1909 | 8.12 % change on previous year | +9.7% |
| 1910 | 9.49 % change on previous year | +16.8% |
| 1911 | 4.96 % change on previous year | -47.8% |
| 1912 | 2.93 % change on previous year | -40.9% |
| 1913 | 1.95 % change on previous year | -33.5% |
| 1914 | 10.51 % change on previous year | +439.4% |
| 1915 | 4.25 % change on previous year | -59.6% |
| 1916 | -1.07 % change on previous year | -125.1% |
| 1917 | -0.696 % change on previous year | -34.8% |
| 1918 | 0.8292 % change on previous year | -219.1% |
| 1919 | 1.15 % change on previous year | +38.2% |
| 1920 | 1.27 % change on previous year | +10.9% |
| 1921 | -2.67 % change on previous year | -310.1% |
| 1922 | 1.72 % change on previous year | -164.5% |
| 1923 | 1.24 % change on previous year | -27.8% |
| 1924 | 3.31 % change on previous year | +166.1% |
| 1925 | 1.33 % change on previous year | -59.8% |
| 1926 | 0.4418 % change on previous year | -66.8% |
| 1927 | 1.12 % change on previous year | +154.0% |
| 1928 | 1.59 % change on previous year | +41.7% |
| 1929 | 2.24 % change on previous year | +41.0% |
| 1930 | -3.61 % change on previous year | -261.2% |
| 1931 | -1.15 % change on previous year | -68.1% |
| 1932 | 2.13 % change on previous year | -284.5% |
| 1933 | 3.08 % change on previous year | +44.5% |
| 1934 | 4.17 % change on previous year | +35.7% |
| 1935 | 10.51 % change on previous year | +151.9% |
| 1936 | 0.1465 % change on previous year | -98.6% |
| 1937 | 10.64 % change on previous year | +7162.9% |
| 1938 | -0.3831 % change on previous year | -103.6% |
| 1939 | 4.76 % change on previous year | -1343.9% |
| 1940 | 4.98 % change on previous year | +4.6% |
| 1941 | 13.43 % change on previous year | +169.5% |
| 1942 | 6.81 % change on previous year | -49.3% |
| 1943 | 6.36 % change on previous year | -6.6% |
| 1944 | 3.92 % change on previous year | -38.4% |
| 1945 | 7.77 % change on previous year | +98.3% |
| 1946 | -14.33 % change on previous year | -284.5% |
| 1947 | 4.18 % change on previous year | -129.2% |
| 1948 | -5.91 % change on previous year | -241.5% |
| 1949 | 2.25 % change on previous year | -138.0% |
| 1950 | 0.5172 % change on previous year | -77.0% |
| 1951 | -0.8474 % change on previous year | -263.8% |
| 1952 | 5.34 % change on previous year | -730.1% |
| 1953 | 6.02 % change on previous year | +12.8% |
| 1954 | 3.63 % change on previous year | -39.8% |
| 1955 | 5.89 % change on previous year | +62.5% |
| 1956 | 5.17 % change on previous year | -12.3% |
| 1957 | 10.49 % change on previous year | +103.0% |
| 1958 | 0.638 % change on previous year | -93.9% |
| 1959 | 6.52 % change on previous year | +921.3% |
| 1960 | 6.02 % change on previous year | -7.5% |
| 1961 | 10.71 % change on previous year | +77.7% |
| 1962 | 8.47 % change on previous year | -20.9% |
| 1963 | 9.37 % change on previous year | +10.6% |
| 1964 | 4.34 % change on previous year | -53.7% |
| 1965 | 8.77 % change on previous year | +102.1% |
| 1966 | 7.41 % change on previous year | -15.5% |
| 1967 | 8.35 % change on previous year | +12.7% |
| 1968 | 7.35 % change on previous year | -12.0% |
| 1969 | 7.75 % change on previous year | +5.5% |
| 1970 | 6.02 % change on previous year | -22.3% |
| 1971 | 9.62 % change on previous year | +59.7% |
| 1972 | 4.61 % change on previous year | -52.1% |
| 1973 | 5.39 % change on previous year | +16.9% |
| 1974 | 2.4 % change on previous year | -55.4% |
| 1975 | 1.63 % change on previous year | -32.0% |
| 1976 | 1.64 % change on previous year | +0.6% |
| 1977 | 1.1 % change on previous year | -32.9% |
| 1978 | 9.81 % change on previous year | +789.6% |
| 1979 | 4.51 % change on previous year | -54.0% |
| 1980 | 15.21 % change on previous year | +237.0% |
| 1981 | 8.9 % change on previous year | -41.5% |
| 1982 | 3.88 % change on previous year | -56.4% |
| 1983 | -1.53 % change on previous year | -139.3% |
| 1984 | 2.1 % change on previous year | -237.8% |
| 1985 | 5.13 % change on previous year | +143.9% |
| 1986 | 4.43 % change on previous year | -13.7% |
| 1987 | 3.04 % change on previous year | -31.2% |
| 1988 | -10.13 % change on previous year | -432.9% |
| 1989 | 1.53 % change on previous year | -115.1% |
| 1990 | 8.09 % change on previous year | +428.6% |
| 1991 | 9.75 % change on previous year | +20.5% |
| 1992 | 8.48 % change on previous year | -13.0% |
| 1993 | 5.75 % change on previous year | -32.2% |
| 1994 | 3.16 % change on previous year | -45.0% |
| 1995 | 2.01 % change on previous year | -36.6% |
| 1996 | 3.12 % change on previous year | +55.5% |
| 1997 | 6.75 % change on previous year | +116.6% |
| 1998 | 7.62 % change on previous year | +12.9% |
| 1999 | 4.21 % change on previous year | -44.7% |
| 2000 | 3.01 % change on previous year | -28.5% |
| 2001 | 0.8242 % change on previous year | -72.6% |
| 2002 | 2.5 % change on previous year | +203.9% |
| 2003 | 4.52 % change on previous year | +80.6% |
| 2004 | 7.8 % change on previous year | +72.5% |
| 2005 | 7.49 % change on previous year | -4.0% |
| 2006 | 8.81 % change on previous year | +17.6% |
| 2007 | 12.43 % change on previous year | +41.0% |
| 2008 | 8.93 % change on previous year | -28.1% |
| 2009 | 1.85 % change on previous year | -79.3% |
| 2010 | 6.09 % change on previous year | +228.5% |
| 2011 | 12.09 % change on previous year | +98.6% |
| 2012 | 9.25 % change on previous year | -23.5% |
| 2013 | 6.61 % change on previous year | -28.5% |
| 2014 | 6.06 % change on previous year | -8.4% |
| 2015 | 5.79 % change on previous year | -4.4% |
| 2016 | 4.84 % change on previous year | -16.3% |
| 2017 | 5.48 % change on previous year | +13.3% |
| 2018 | 3.59 % change on previous year | -34.5% |
| 2019 | 3.28 % change on previous year | -8.6% |
| 2020 | -17.67 % change on previous year | -638.4% |
| 2021 | 15.84 % change on previous year | -189.6% |
| 2022 | 10.81 % change on previous year | -31.7% |
Panama compared with similar countries
- Panama's 10.81 % change on previous year is above the median for high income countries, which is 3.67 % change on previous year, 2.9× the median. (55 countries reporting)
- Panama's 10.81 % change on previous year is above the median for Latin America & Caribbean, which is 3.87 % change on previous year, 2.8× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 1937 | +7162.9% | 0.1465 % change on previous year | 10.64 % change on previous year |
| 1939 | +1343.9% | -0.3831 % change on previous year | 4.76 % change on previous year |
| 1959 | +921.3% | 0.638 % change on previous year | 6.52 % change on previous year |
| 1978 | +789.6% | 1.1 % change on previous year | 9.81 % change on previous year |
| 1952 | +730.1% | -0.8474 % change on previous year | 5.34 % change on previous year |
| 2020 | -638.4% | 3.28 % change on previous year | -17.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1900s | 7.47 % change on previous year | 6.88 % change on previous year | 8.12 % change on previous year | 3 |
| 1910s | 3.43 % change on previous year | -1.07 % change on previous year | 10.51 % change on previous year | 10 |
| 1920s | 1.16 % change on previous year | -2.67 % change on previous year | 3.31 % change on previous year | 10 |
| 1930s | 3.03 % change on previous year | -3.61 % change on previous year | 10.64 % change on previous year | 10 |
| 1940s | 2.94 % change on previous year | -14.33 % change on previous year | 13.43 % change on previous year | 10 |
| 1950s | 4.34 % change on previous year | -0.8474 % change on previous year | 10.49 % change on previous year | 10 |
| 1960s | 7.85 % change on previous year | 4.34 % change on previous year | 10.71 % change on previous year | 10 |
| 1970s | 4.67 % change on previous year | 1.1 % change on previous year | 9.81 % change on previous year | 10 |
| 1980s | 3.26 % change on previous year | -10.13 % change on previous year | 15.21 % change on previous year | 10 |
| 1990s | 5.9 % change on previous year | 2.01 % change on previous year | 9.75 % change on previous year | 10 |
| 2000s | 5.82 % change on previous year | 0.8242 % change on previous year | 12.43 % change on previous year | 10 |
| 2010s | 6.31 % change on previous year | 3.28 % change on previous year | 12.09 % change on previous year | 10 |
| 2020s | 2.99 % change on previous year | -17.67 % change on previous year | 15.84 % change on previous year | 3 |
Countries ranked near Panama
- 3 Armenia 12.6 % change on previous year compare
- 4 Barbados 11.33 % change on previous year compare
- 5 Niger 11.11 % change on previous year compare
- 7 Georgia 10.11 % change on previous year compare
- 8 Saudi Arabia 8.74 % change on previous year compare
- 9 Malaysia 8.69 % change on previous year 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Panama?
- Gross domestic product (gdp), annual growth rate in Panama was 10.81 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Panama?
- The highest recorded value was 15.84 % change on previous year in 2021.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Panama?
- The lowest recorded value was -17.67 % change on previous year in 2020.
- How does Panama rank for gross domestic product (gdp), annual growth rate?
- Panama ranks 6th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Panama?
- Over the last ten years it is up 16.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 116 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.