Gross domestic product (GDP), per capita in Panama
Panama: Gross domestic product (GDP), per capita was 36,935 international-$ in 2021 prices per person in 2023. ◆ Volatile
Latest (2023)
36,935 international-$ in 2021 prices per person
Change on year
up 5.1%
World rank
47th
of 181 countries
All-time high
36,935 international-$ in 2021 prices per person
in 2023
All-time low
3,231 international-$ in 2021 prices per person
in 1960
Years of data
64
1960–2023
Gross domestic product (GDP), per capita in Panama, 1960–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per person.
Analysis
The most recent figure for gross domestic product (gdp), per capita in Panama is 36,935 international-$ in 2021 prices per person, measured in 2023. That is the highest value across all 64 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 49.8% over ten years.
Over the whole period, gross domestic product (gdp), per capita in Panama peaked at 36,935 international-$ in 2021 prices per person in 2023 and was at its lowest, 3,231 international-$ in 2021 prices per person, in 1960.
That places Panama 47th out of 181 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), per capita in Panama, year by year
| Year | international-$ in 2021 prices per person | Change |
|---|---|---|
| 1960 | 3,231 international-$ in 2021 prices per person | — |
| 1961 | 3,477 international-$ in 2021 prices per person | +7.6% |
| 1962 | 3,668 international-$ in 2021 prices per person | +5.5% |
| 1963 | 3,844 international-$ in 2021 prices per person | +4.8% |
| 1964 | 3,921 international-$ in 2021 prices per person | +2.0% |
| 1965 | 4,151 international-$ in 2021 prices per person | +5.9% |
| 1966 | 4,333 international-$ in 2021 prices per person | +4.4% |
| 1967 | 4,604 international-$ in 2021 prices per person | +6.2% |
| 1968 | 4,794 international-$ in 2021 prices per person | +4.1% |
| 1969 | 5,082 international-$ in 2021 prices per person | +6.0% |
| 1970 | 5,892 international-$ in 2021 prices per person | +15.9% |
| 1971 | 6,363 international-$ in 2021 prices per person | +8.0% |
| 1972 | 6,568 international-$ in 2021 prices per person | +3.2% |
| 1973 | 6,716 international-$ in 2021 prices per person | +2.2% |
| 1974 | 6,924 international-$ in 2021 prices per person | +3.1% |
| 1975 | 6,867 international-$ in 2021 prices per person | -0.8% |
| 1976 | 6,749 international-$ in 2021 prices per person | -1.7% |
| 1977 | 6,562 international-$ in 2021 prices per person | -2.8% |
| 1978 | 6,903 international-$ in 2021 prices per person | +5.2% |
| 1979 | 7,015 international-$ in 2021 prices per person | +1.6% |
| 1980 | 7,561 international-$ in 2021 prices per person | +7.8% |
| 1981 | 7,960 international-$ in 2021 prices per person | +5.3% |
| 1982 | 7,758 international-$ in 2021 prices per person | -2.5% |
| 1983 | 8,099 international-$ in 2021 prices per person | +4.4% |
| 1984 | 7,861 international-$ in 2021 prices per person | -2.9% |
| 1985 | 7,467 international-$ in 2021 prices per person | -5.0% |
| 1986 | 8,074 international-$ in 2021 prices per person | +8.1% |
| 1987 | 8,506 international-$ in 2021 prices per person | +5.3% |
| 1988 | 7,444 international-$ in 2021 prices per person | -12.5% |
| 1989 | 7,331 international-$ in 2021 prices per person | -1.5% |
| 1990 | 7,747 international-$ in 2021 prices per person | +5.7% |
| 1991 | 8,450 international-$ in 2021 prices per person | +9.1% |
| 1992 | 8,871 international-$ in 2021 prices per person | +5.0% |
| 1993 | 9,048 international-$ in 2021 prices per person | +2.0% |
| 1994 | 9,099 international-$ in 2021 prices per person | +0.6% |
| 1995 | 8,851 international-$ in 2021 prices per person | -2.7% |
| 1996 | 9,202 international-$ in 2021 prices per person | +4.0% |
| 1997 | 9,976 international-$ in 2021 prices per person | +8.4% |
| 1998 | 10,611 international-$ in 2021 prices per person | +6.4% |
| 1999 | 10,748 international-$ in 2021 prices per person | +1.3% |
| 2000 | 11,141 international-$ in 2021 prices per person | +3.7% |
| 2001 | 11,136 international-$ in 2021 prices per person | -0.0% |
| 2002 | 11,509 international-$ in 2021 prices per person | +3.3% |
| 2003 | 12,637 international-$ in 2021 prices per person | +9.8% |
| 2004 | 12,640 international-$ in 2021 prices per person | +0.0% |
| 2005 | 15,335 international-$ in 2021 prices per person | +21.3% |
| 2006 | 16,461 international-$ in 2021 prices per person | +7.3% |
| 2007 | 15,166 international-$ in 2021 prices per person | -7.9% |
| 2008 | 16,584 international-$ in 2021 prices per person | +9.3% |
| 2009 | 16,931 international-$ in 2021 prices per person | +2.1% |
| 2010 | 18,333 international-$ in 2021 prices per person | +8.3% |
| 2011 | 20,748 international-$ in 2021 prices per person | +13.2% |
| 2012 | 23,355 international-$ in 2021 prices per person | +12.6% |
| 2013 | 24,653 international-$ in 2021 prices per person | +5.6% |
| 2014 | 27,136 international-$ in 2021 prices per person | +10.1% |
| 2015 | 28,520 international-$ in 2021 prices per person | +5.1% |
| 2016 | 31,053 international-$ in 2021 prices per person | +8.9% |
| 2017 | 34,879 international-$ in 2021 prices per person | +12.3% |
| 2018 | 34,077 international-$ in 2021 prices per person | -2.3% |
| 2019 | 34,846 international-$ in 2021 prices per person | +2.3% |
| 2020 | 28,022 international-$ in 2021 prices per person | -19.6% |
| 2021 | 31,360 international-$ in 2021 prices per person | +11.9% |
| 2022 | 35,136 international-$ in 2021 prices per person | +12.0% |
| 2023 | 36,935 international-$ in 2021 prices per person | +5.1% |
Panama compared with similar countries
- Panama's 36,935 international-$ in 2021 prices per person is below the median for high income countries, which is 45,244 international-$ in 2021 prices per person, 82% of the median. (66 countries reporting)
- Panama's 36,935 international-$ in 2021 prices per person is above the median for Latin America & Caribbean, which is 17,495 international-$ in 2021 prices per person, 2.1× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4,111 international-$ in 2021 prices per person | 3,231 international-$ in 2021 prices per person | 5,082 international-$ in 2021 prices per person | 10 |
| 1970s | 6,656 international-$ in 2021 prices per person | 5,892 international-$ in 2021 prices per person | 7,015 international-$ in 2021 prices per person | 10 |
| 1980s | 7,806 international-$ in 2021 prices per person | 7,331 international-$ in 2021 prices per person | 8,506 international-$ in 2021 prices per person | 10 |
| 1990s | 9,260 international-$ in 2021 prices per person | 7,747 international-$ in 2021 prices per person | 10,748 international-$ in 2021 prices per person | 10 |
| 2000s | 13,954 international-$ in 2021 prices per person | 11,136 international-$ in 2021 prices per person | 16,931 international-$ in 2021 prices per person | 10 |
| 2010s | 27,760 international-$ in 2021 prices per person | 18,333 international-$ in 2021 prices per person | 34,879 international-$ in 2021 prices per person | 10 |
| 2020s | 32,863 international-$ in 2021 prices per person | 28,022 international-$ in 2021 prices per person | 36,935 international-$ in 2021 prices per person | 4 |
Countries ranked near Panama
- 44 British Virgin Islands 40,848 international-$ in 2021 prices per person compare
- 45 Russia 39,667 international-$ in 2021 prices per person compare
- 46 Estonia 37,369 international-$ in 2021 prices per person compare
- 48 Croatia 36,887 international-$ in 2021 prices per person compare
- 49 Turkey 36,589 international-$ in 2021 prices per person compare
- 50 Portugal 36,122 international-$ in 2021 prices per person 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per capita in Panama?
- Gross domestic product (gdp), per capita in Panama was 36,935 international-$ in 2021 prices per person in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per capita recorded in Panama?
- The highest recorded value was 36,935 international-$ in 2021 prices per person in 2023.
- What is the lowest gross domestic product (gdp), per capita recorded in Panama?
- The lowest recorded value was 3,231 international-$ in 2021 prices per person in 1960.
- How does Panama rank for gross domestic product (gdp), per capita?
- Panama ranks 47th out of 181 countries with data for 2023.
- Is gross domestic product (gdp), per capita rising or falling in Panama?
- Over the last ten years it is up 49.8%. 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), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ Population, total
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
- Population, total World Population Prospects, United Nations (UN)
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) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.