Gross Domestic Product — Value Standard Local Currency in Panama
Panama: Gross Domestic Product — Value Standard Local Currency was 86,327 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in Panama is 86,327 million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.5% on the previous year and up 69.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Panama peaked at 86,327 million SLC in 2024 and was at its lowest, 1,165 million SLC, in 1970.
That places Panama 157th out of 218 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 in Panama, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,165 million SLC | — |
| 1971 | 1,315 million SLC | +12.8% |
| 1972 | 1,445 million SLC | +9.9% |
| 1973 | 1,653 million SLC | +14.4% |
| 1974 | 1,889 million SLC | +14.3% |
| 1975 | 2,115 million SLC | +12.0% |
| 1976 | 2,247 million SLC | +6.2% |
| 1977 | 2,382 million SLC | +6.0% |
| 1978 | 2,824 million SLC | +18.6% |
| 1979 | 3,232 million SLC | +14.5% |
| 1980 | 4,119 million SLC | +27.4% |
| 1981 | 4,639 million SLC | +12.6% |
| 1982 | 4,912 million SLC | +5.9% |
| 1983 | 5,160 million SLC | +5.1% |
| 1984 | 5,456 million SLC | +5.7% |
| 1985 | 5,818 million SLC | +6.6% |
| 1986 | 6,146 million SLC | +5.7% |
| 1987 | 6,339 million SLC | +3.1% |
| 1988 | 5,665 million SLC | -10.6% |
| 1989 | 5,680 million SLC | +0.3% |
| 1990 | 6,174 million SLC | +8.7% |
| 1991 | 6,789 million SLC | +10.0% |
| 1992 | 7,718 million SLC | +13.7% |
| 1993 | 8,428 million SLC | +9.2% |
| 1994 | 8,988 million SLC | +6.6% |
| 1995 | 9,188 million SLC | +2.2% |
| 1996 | 9,472 million SLC | +3.1% |
| 1997 | 10,247 million SLC | +8.2% |
| 1998 | 11,109 million SLC | +8.4% |
| 1999 | 11,641 million SLC | +4.8% |
| 2000 | 11,808 million SLC | +1.4% |
| 2001 | 11,998 million SLC | +1.6% |
| 2002 | 12,470 million SLC | +3.9% |
| 2003 | 13,142 million SLC | +5.4% |
| 2004 | 14,408 million SLC | +9.6% |
| 2005 | 15,714 million SLC | +9.1% |
| 2006 | 17,413 million SLC | +10.8% |
| 2007 | 21,296 million SLC | +22.3% |
| 2008 | 25,238 million SLC | +18.5% |
| 2009 | 27,294 million SLC | +8.1% |
| 2010 | 29,729 million SLC | +8.9% |
| 2011 | 35,140 million SLC | +18.2% |
| 2012 | 41,092 million SLC | +16.9% |
| 2013 | 46,498 million SLC | +13.2% |
| 2014 | 51,071 million SLC | +9.8% |
| 2015 | 55,518 million SLC | +8.7% |
| 2016 | 59,628 million SLC | +7.4% |
| 2017 | 64,259 million SLC | +7.8% |
| 2018 | 67,294 million SLC | +4.7% |
| 2019 | 69,722 million SLC | +3.6% |
| 2020 | 57,087 million SLC | -18.1% |
| 2021 | 67,407 million SLC | +18.1% |
| 2022 | 76,522 million SLC | +13.5% |
| 2023 | 83,382 million SLC | +9.0% |
| 2024 | 86,327 million SLC | +3.5% |
Panama compared with similar countries
- Panama's 86,327 million SLC is below the median for high income countries, which is 257,567 million SLC, 34% of the median. (72 countries reporting)
- Panama's 86,327 million SLC is below the median for Latin America & Caribbean, which is 147,748 million SLC, 58% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,027 million SLC | 1,165 million SLC | 3,232 million SLC | 10 |
| 1980s | 5,393 million SLC | 4,119 million SLC | 6,339 million SLC | 10 |
| 1990s | 8,975 million SLC | 6,174 million SLC | 11,641 million SLC | 10 |
| 2000s | 17,078 million SLC | 11,808 million SLC | 27,294 million SLC | 10 |
| 2010s | 51,995 million SLC | 29,729 million SLC | 69,722 million SLC | 10 |
| 2020s | 74,145 million SLC | 57,087 million SLC | 86,327 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)
- 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 in Panama?
- Gross domestic product — value standard local currency in Panama was 86,327 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 recorded in Panama?
- The highest recorded value was 86,327 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Panama?
- The lowest recorded value was 1,165 million SLC in 1970.
- How does Panama rank for gross domestic product — value standard local currency?
- Panama ranks 157th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Panama?
- Over the last ten years it is up 69.0%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).