Gross Domestic Product — Value Standard Local Currency, 2015 prices in Panama
Panama: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 77,614 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Panama stood at 77,614 million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.9% on the previous year and up 48.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Panama peaked at 77,614 million SLC in 2024 and was at its lowest, 5,930 million SLC, in 1970.
That places Panama 130th out of 194 countries with data for 2024, 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 — Value Standard Local Currency, 2015 prices in Panama, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,930 million SLC | — |
| 1971 | 6,499 million SLC | +9.6% |
| 1972 | 6,799 million SLC | +4.6% |
| 1973 | 7,167 million SLC | +5.4% |
| 1974 | 7,341 million SLC | +2.4% |
| 1975 | 7,458 million SLC | +1.6% |
| 1976 | 7,580 million SLC | +1.6% |
| 1977 | 7,665 million SLC | +1.1% |
| 1978 | 8,416 million SLC | +9.8% |
| 1979 | 8,794 million SLC | +4.5% |
| 1980 | 10,132 million SLC | +15.2% |
| 1981 | 11,036 million SLC | +8.9% |
| 1982 | 11,461 million SLC | +3.9% |
| 1983 | 11,286 million SLC | -1.5% |
| 1984 | 11,529 million SLC | +2.2% |
| 1985 | 12,114 million SLC | +5.1% |
| 1986 | 12,655 million SLC | +4.5% |
| 1987 | 13,038 million SLC | +3.0% |
| 1988 | 11,716 million SLC | -10.1% |
| 1989 | 11,899 million SLC | +1.6% |
| 1990 | 12,863 million SLC | +8.1% |
| 1991 | 14,074 million SLC | +9.4% |
| 1992 | 15,228 million SLC | +8.2% |
| 1993 | 16,059 million SLC | +5.5% |
| 1994 | 16,517 million SLC | +2.9% |
| 1995 | 16,806 million SLC | +1.8% |
| 1996 | 17,279 million SLC | +2.8% |
| 1997 | 18,396 million SLC | +6.5% |
| 1998 | 19,747 million SLC | +7.3% |
| 1999 | 20,519 million SLC | +3.9% |
| 2000 | 21,077 million SLC | +2.7% |
| 2001 | 21,198 million SLC | +0.6% |
| 2002 | 21,670 million SLC | +2.2% |
| 2003 | 22,582 million SLC | +4.2% |
| 2004 | 24,280 million SLC | +7.5% |
| 2005 | 26,026 million SLC | +7.2% |
| 2006 | 28,246 million SLC | +8.5% |
| 2007 | 31,667 million SLC | +12.1% |
| 2008 | 34,902 million SLC | +10.2% |
| 2009 | 35,450 million SLC | +1.6% |
| 2010 | 37,639 million SLC | +6.2% |
| 2011 | 42,034 million SLC | +11.7% |
| 2012 | 46,294 million SLC | +10.1% |
| 2013 | 49,651 million SLC | +7.3% |
| 2014 | 52,337 million SLC | +5.4% |
| 2015 | 55,518 million SLC | +6.1% |
| 2016 | 58,457 million SLC | +5.3% |
| 2017 | 61,927 million SLC | +5.9% |
| 2018 | 64,418 million SLC | +4.0% |
| 2019 | 66,532 million SLC | +3.3% |
| 2020 | 54,777 million SLC | -17.7% |
| 2021 | 63,452 million SLC | +15.8% |
| 2022 | 70,310 million SLC | +10.8% |
| 2023 | 75,455 million SLC | +7.3% |
| 2024 | 77,614 million SLC | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,365 million SLC | 5,930 million SLC | 8,794 million SLC | 10 |
| 1980s | 11,687 million SLC | 10,132 million SLC | 13,038 million SLC | 10 |
| 1990s | 16,749 million SLC | 12,863 million SLC | 20,519 million SLC | 10 |
| 2000s | 26,710 million SLC | 21,077 million SLC | 35,450 million SLC | 10 |
| 2010s | 53,481 million SLC | 37,639 million SLC | 66,532 million SLC | 10 |
| 2020s | 68,322 million SLC | 54,777 million SLC | 77,614 million SLC | 5 |
Countries ranked near Panama
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)
- Imports of goods and services (constant 2015 US$), annual growth rate -2.61 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3966 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 7,600 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 78.89 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 78.89 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0262 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 518.14 current LCU per person (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 77,614 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Panama?
- The highest recorded value was 77,614 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Panama?
- The lowest recorded value was 5,930 million SLC in 1970.
- How does Panama rank for gross domestic product — value standard local currency, 2015 prices?
- Panama ranks 130th 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 48.3%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).