Gross Domestic Product — Value Standard Local Currency, 2015 prices in Panama
Panama: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0172 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Panama, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Panama stood at 0.0172 million SLC per person. That is the highest value across all 55 years on record.
That represents a change of up 1.6% on the previous year and up 27.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Panama peaked at 0.0172 million SLC per person in 2024 and was at its lowest, 0.0039 million SLC per person, in 1970.
That places Panama 155th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Panama, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0039 million SLC per person | — |
| 1971 | 0.0042 million SLC per person | +6.6% |
| 1972 | 0.0043 million SLC per person | +1.8% |
| 1973 | 0.0044 million SLC per person | +2.6% |
| 1974 | 0.0043 million SLC per person | -0.3% |
| 1975 | 0.0043 million SLC per person | -1.0% |
| 1976 | 0.0043 million SLC per person | -0.9% |
| 1977 | 0.0042 million SLC per person | -1.4% |
| 1978 | 0.0045 million SLC per person | +7.2% |
| 1979 | 0.0046 million SLC per person | +2.0% |
| 1980 | 0.0052 million SLC per person | +12.5% |
| 1981 | 0.0055 million SLC per person | +6.4% |
| 1982 | 0.0056 million SLC per person | +1.4% |
| 1983 | 0.0054 million SLC per person | -3.8% |
| 1984 | 0.0054 million SLC per person | -0.2% |
| 1985 | 0.0055 million SLC per person | +2.7% |
| 1986 | 0.0056 million SLC per person | +2.1% |
| 1987 | 0.0057 million SLC per person | +0.8% |
| 1988 | 0.005 million SLC per person | -12.1% |
| 1989 | 0.005 million SLC per person | -0.6% |
| 1990 | 0.0052 million SLC per person | +5.8% |
| 1991 | 0.0056 million SLC per person | +7.1% |
| 1992 | 0.0059 million SLC per person | +6.0% |
| 1993 | 0.0061 million SLC per person | +3.3% |
| 1994 | 0.0062 million SLC per person | +0.8% |
| 1995 | 0.0062 million SLC per person | -0.3% |
| 1996 | 0.0062 million SLC per person | +0.8% |
| 1997 | 0.0065 million SLC per person | +4.3% |
| 1998 | 0.0068 million SLC per person | +5.2% |
| 1999 | 0.007 million SLC per person | +1.9% |
| 2000 | 0.007 million SLC per person | +0.7% |
| 2001 | 0.0069 million SLC per person | -1.4% |
| 2002 | 0.0069 million SLC per person | +0.3% |
| 2003 | 0.0071 million SLC per person | +2.2% |
| 2004 | 0.0075 million SLC per person | +5.5% |
| 2005 | 0.0079 million SLC per person | +5.2% |
| 2006 | 0.0084 million SLC per person | +6.5% |
| 2007 | 0.0092 million SLC per person | +10.1% |
| 2008 | 0.01 million SLC per person | +8.2% |
| 2009 | 0.0099 million SLC per person | -0.2% |
| 2010 | 0.0104 million SLC per person | +4.3% |
| 2011 | 0.0114 million SLC per person | +9.7% |
| 2012 | 0.0123 million SLC per person | +8.2% |
| 2013 | 0.013 million SLC per person | +5.4% |
| 2014 | 0.0134 million SLC per person | +3.6% |
| 2015 | 0.014 million SLC per person | +4.3% |
| 2016 | 0.0145 million SLC per person | +3.5% |
| 2017 | 0.0151 million SLC per person | +4.1% |
| 2018 | 0.0155 million SLC per person | +2.3% |
| 2019 | 0.0157 million SLC per person | +1.7% |
| 2020 | 0.0128 million SLC per person | -18.8% |
| 2021 | 0.0146 million SLC per person | +14.4% |
| 2022 | 0.016 million SLC per person | +9.4% |
| 2023 | 0.0169 million SLC per person | +5.9% |
| 2024 | 0.0172 million SLC per person | +1.6% |
Panama compared with similar countries
- Panama's 0.0172 million SLC per person is below the median for high income countries, which is 0.0532 million SLC per person, 32% of the median. (73 countries reporting)
- Panama's 0.0172 million SLC per person is below the median for Latin America & Caribbean, which is 0.0461 million SLC per person, 37% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0043 million SLC per person | 0.0039 million SLC per person | 0.0046 million SLC per person | 10 |
| 1980s | 0.0054 million SLC per person | 0.005 million SLC per person | 0.0057 million SLC per person | 10 |
| 1990s | 0.0062 million SLC per person | 0.0052 million SLC per person | 0.007 million SLC per person | 10 |
| 2000s | 0.0081 million SLC per person | 0.0069 million SLC per person | 0.01 million SLC per person | 10 |
| 2010s | 0.0135 million SLC per person | 0.0104 million SLC per person | 0.0157 million SLC per person | 10 |
| 2020s | 0.0155 million SLC per person | 0.0128 million SLC per person | 0.0172 million SLC per person | 5 |
Countries ranked near Panama
- 152 Bulgaria 0.0178 million SLC per person compare
- 153 Slovakia 0.0177 million SLC per person compare
- 154 Lithuania 0.0172 million SLC per person compare
- 156 Croatia 0.016 million SLC per person compare
- 157 Solomon Islands 0.0154 million SLC per person compare
- 158 Latvia 0.0151 million SLC 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 — value standard local currency, 2015 prices in Panama?
- Gross domestic product — value standard local currency, 2015 prices in Panama was 0.0172 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Panama?
- The highest recorded value was 0.0172 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Panama?
- The lowest recorded value was 0.0039 million SLC per person in 1970.
- How does Panama rank for gross domestic product — value standard local currency, 2015 prices?
- Panama ranks 155th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Panama?
- Over the last ten years it is up 27.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.