Gross domestic product (GDP), Constant prices, Purchasing power in Panama
Panama: Gross domestic product (GDP), Constant prices, Purchasing power was 3.04 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Panama, 1961–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, purchasing power in Panama is 3.04 % change on previous year, measured in 2019.
Compared with earlier readings it is down 15.5% on the previous year and up 144.6% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Panama peaked at 21.52 % change on previous year in 1970 and was at its lowest, -10.14 % change on previous year, in 1988.
That places Panama 83rd out of 193 countries with data for 2019, 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 domestic product (GDP), Constant prices, Purchasing power in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 10.85 % change on previous year | — |
| 1962 | 8.24 % change on previous year | -24.0% |
| 1963 | 8.54 % change on previous year | +3.6% |
| 1964 | 4.43 % change on previous year | -48.1% |
| 1965 | 9.16 % change on previous year | +106.7% |
| 1966 | 7.58 % change on previous year | -17.2% |
| 1967 | 8.55 % change on previous year | +12.8% |
| 1968 | 6.98 % change on previous year | -18.4% |
| 1969 | 8.44 % change on previous year | +21.0% |
| 1970 | 21.52 % change on previous year | +155.0% |
| 1971 | 9.6 % change on previous year | -55.4% |
| 1972 | 4.61 % change on previous year | -52.0% |
| 1973 | 5.41 % change on previous year | +17.1% |
| 1974 | 2.43 % change on previous year | -55.1% |
| 1975 | 1.6 % change on previous year | -34.2% |
| 1976 | 1.64 % change on previous year | +2.4% |
| 1977 | 1.12 % change on previous year | -31.8% |
| 1978 | 9.81 % change on previous year | +778.6% |
| 1979 | 4.49 % change on previous year | -54.3% |
| 1980 | 15.21 % change on previous year | +239.2% |
| 1981 | 8.92 % change on previous year | -41.4% |
| 1982 | 3.85 % change on previous year | -56.8% |
| 1983 | -1.52 % change on previous year | -139.6% |
| 1984 | 2.15 % change on previous year | -241.3% |
| 1985 | 5.08 % change on previous year | +135.9% |
| 1986 | 4.46 % change on previous year | -12.1% |
| 1987 | 3.02 % change on previous year | -32.3% |
| 1988 | -10.14 % change on previous year | -435.3% |
| 1989 | 1.56 % change on previous year | -115.4% |
| 1990 | 8.1 % change on previous year | +418.5% |
| 1991 | 9.42 % change on previous year | +16.3% |
| 1992 | 8.2 % change on previous year | -12.9% |
| 1993 | 5.46 % change on previous year | -33.5% |
| 1994 | 2.85 % change on previous year | -47.8% |
| 1995 | 1.75 % change on previous year | -38.5% |
| 1996 | 2.81 % change on previous year | +60.5% |
| 1997 | 6.47 % change on previous year | +130.0% |
| 1998 | 7.34 % change on previous year | +13.6% |
| 1999 | 3.91 % change on previous year | -46.7% |
| 2000 | 2.72 % change on previous year | -30.4% |
| 2001 | 0.5716 % change on previous year | -79.0% |
| 2002 | 2.23 % change on previous year | +290.0% |
| 2003 | 4.21 % change on previous year | +88.7% |
| 2004 | 7.52 % change on previous year | +78.9% |
| 2005 | 7.19 % change on previous year | -4.4% |
| 2006 | 8.53 % change on previous year | +18.6% |
| 2007 | 12.11 % change on previous year | +42.0% |
| 2008 | 9.86 % change on previous year | -18.6% |
| 2009 | 1.24 % change on previous year | -87.4% |
| 2010 | 5.83 % change on previous year | +368.9% |
| 2011 | 11.31 % change on previous year | +94.1% |
| 2012 | 9.78 % change on previous year | -13.6% |
| 2013 | 6.9 % change on previous year | -29.4% |
| 2014 | 5.07 % change on previous year | -26.6% |
| 2015 | 5.73 % change on previous year | +13.1% |
| 2016 | 4.95 % change on previous year | -13.6% |
| 2017 | 5.59 % change on previous year | +12.9% |
| 2018 | 3.6 % change on previous year | -35.7% |
| 2019 | 3.04 % change on previous year | -15.5% |
Panama compared with similar countries
- Panama's 3.04 % change on previous year is above the median for high income countries, which is 1.81 % change on previous year, 1.7× the median. (65 countries reporting)
- Panama's 3.04 % change on previous year is above the median for Latin America & Caribbean, which is 1.16 % change on previous year, 2.6× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power 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 |
|---|---|---|---|
| 1978 | +778.6% | 1.12 % change on previous year | 9.81 % change on previous year |
| 1990 | +418.5% | 1.56 % change on previous year | 8.1 % change on previous year |
| 1988 | -435.3% | 3.02 % change on previous year | -10.14 % change on previous year |
| 2010 | +368.9% | 1.24 % change on previous year | 5.83 % change on previous year |
| 2002 | +290.0% | 0.5716 % change on previous year | 2.23 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.09 % change on previous year | 4.43 % change on previous year | 10.85 % change on previous year | 9 |
| 1970s | 6.22 % change on previous year | 1.12 % change on previous year | 21.52 % change on previous year | 10 |
| 1980s | 3.26 % change on previous year | -10.14 % change on previous year | 15.21 % change on previous year | 10 |
| 1990s | 5.63 % change on previous year | 1.75 % change on previous year | 9.42 % change on previous year | 10 |
| 2000s | 5.62 % change on previous year | 0.5716 % change on previous year | 12.11 % change on previous year | 10 |
| 2010s | 6.18 % change on previous year | 3.04 % change on previous year | 11.31 % change on previous year | 10 |
Countries ranked near Panama
- 80 Cyprus 3.23 % change on previous year compare
- 81 Slovenia 3.18 % change on previous year compare
- 82 Comoros 3.17 % change on previous year compare
- 84 Turkmenistan 3 % change on previous year compare
- 85 Central African Republic 2.97 % change on previous year compare
- 86 Botswana 2.97 % 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)
- IMF holdings of currency, SDR, annual growth rate -22.61 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0036 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 70.53 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0084 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 167.22 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Panama?
- Gross domestic product (gdp), constant prices, purchasing power in Panama was 3.04 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Panama?
- The highest recorded value was 21.52 % change on previous year in 1970.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Panama?
- The lowest recorded value was -10.14 % change on previous year in 1988.
- How does Panama rank for gross domestic product (gdp), constant prices, purchasing power?
- Panama ranks 83rd out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Panama?
- Over the last ten years it is up 144.6%. 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), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 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), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Constant prices, Purchasing power International Monetary Fund
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), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.