Gross Domestic Product, GDP in millions constant 2021 international $ in Panama
Panama: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.16 units per square kilometre in 2023. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Panama, 1991–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Panama is 2.16 units per square kilometre, measured in 2023. That is the highest value across all 33 years on record.
That represents a change of up 7.2% on the previous year and up 48.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Panama peaked at 2.16 units per square kilometre in 2023 and was at its lowest, 0.4097 units per square kilometre, in 1991.
That places Panama 63rd out of 186 countries with data for 2023, 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 in millions constant 2021 international $ in Panama, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1991 | 0.4097 units per square kilometre | — |
| 1992 | 0.4433 units per square kilometre | +8.2% |
| 1993 | 0.4675 units per square kilometre | +5.5% |
| 1994 | 0.4808 units per square kilometre | +2.9% |
| 1995 | 0.4893 units per square kilometre | +1.8% |
| 1996 | 0.461 units per square kilometre | -5.8% |
| 1997 | 0.4966 units per square kilometre | +7.7% |
| 1998 | 0.5382 units per square kilometre | +8.4% |
| 1999 | 0.5663 units per square kilometre | +5.2% |
| 2000 | 0.5901 units per square kilometre | +4.2% |
| 2001 | 0.5957 units per square kilometre | +1.0% |
| 2002 | 0.6107 units per square kilometre | +2.5% |
| 2003 | 0.6418 units per square kilometre | +5.1% |
| 2004 | 0.6943 units per square kilometre | +8.2% |
| 2005 | 0.7517 units per square kilometre | +8.3% |
| 2006 | 0.8258 units per square kilometre | +9.9% |
| 2007 | 0.9345 units per square kilometre | +13.2% |
| 2008 | 1.03 units per square kilometre | +10.2% |
| 2009 | 1.05 units per square kilometre | +1.6% |
| 2010 | 1.11 units per square kilometre | +6.1% |
| 2011 | 1.24 units per square kilometre | +11.9% |
| 2012 | 1.36 units per square kilometre | +9.6% |
| 2013 | 1.45 units per square kilometre | +6.3% |
| 2014 | 1.52 units per square kilometre | +4.9% |
| 2015 | 1.6 units per square kilometre | +5.3% |
| 2016 | 1.67 units per square kilometre | +4.6% |
| 2017 | 1.77 units per square kilometre | +5.7% |
| 2018 | 1.84 units per square kilometre | +3.8% |
| 2019 | 1.89 units per square kilometre | +3.1% |
| 2020 | 1.56 units per square kilometre | -17.8% |
| 2021 | 1.81 units per square kilometre | +16.5% |
| 2022 | 2.01 units per square kilometre | +11.0% |
| 2023 | 2.16 units per square kilometre | +7.2% |
Panama compared with similar countries
- Panama's 2.16 units per square kilometre is below the median for high income countries, which is 5.14 units per square kilometre, 42% of the median. (62 countries reporting)
- Panama's 2.16 units per square kilometre is above the median for Latin America & Caribbean, which is 1.25 units per square kilometre, 1.7× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4836 units per square kilometre | 0.4097 units per square kilometre | 0.5663 units per square kilometre | 9 |
| 2000s | 0.7721 units per square kilometre | 0.5901 units per square kilometre | 1.05 units per square kilometre | 10 |
| 2010s | 1.55 units per square kilometre | 1.11 units per square kilometre | 1.89 units per square kilometre | 10 |
| 2020s | 1.88 units per square kilometre | 1.56 units per square kilometre | 2.16 units per square kilometre | 4 |
Countries ranked near Panama
- 60 Azerbaijan 2.62 units per square kilometre compare
- 61 Costa Rica 2.6 units per square kilometre compare
- 62 Cuba 2.22 units per square kilometre compare
- 64 Lithuania 2.12 units per square kilometre compare
- 65 Guatemala 2.09 units per square kilometre compare
- 66 Indonesia 2.06 units per square kilometre 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product, gdp in millions constant 2021 international $ in Panama?
- Gross domestic product, gdp in millions constant 2021 international $ in Panama was 2.16 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Panama?
- The highest recorded value was 2.16 units per square kilometre in 2023.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Panama?
- The lowest recorded value was 0.4097 units per square kilometre in 1991.
- How does Panama rank for gross domestic product, gdp in millions constant 2021 international $?
- Panama ranks 63rd out of 186 countries with data for 2023.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Panama?
- Over the last ten years it is up 48.9%. 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 in millions constant 2021 international $ at PPP (ILO modelled estimates), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) ÷ Land area (sq. km)
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.