Gross Domestic Product — Value US$, 2015 prices in Panama
Panama: Gross Domestic Product — Value US$, 2015 prices was 77,614 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Panama is 77,614 million USD, measured in 2024. 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 us$, 2015 prices in Panama peaked at 77,614 million USD in 2024 and was at its lowest, 5,930 million USD, in 1970.
Panama ranks 73rd of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Panama, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,930 million USD | — |
| 1971 | 6,499 million USD | +9.6% |
| 1972 | 6,799 million USD | +4.6% |
| 1973 | 7,167 million USD | +5.4% |
| 1974 | 7,341 million USD | +2.4% |
| 1975 | 7,458 million USD | +1.6% |
| 1976 | 7,580 million USD | +1.6% |
| 1977 | 7,665 million USD | +1.1% |
| 1978 | 8,416 million USD | +9.8% |
| 1979 | 8,794 million USD | +4.5% |
| 1980 | 10,132 million USD | +15.2% |
| 1981 | 11,036 million USD | +8.9% |
| 1982 | 11,461 million USD | +3.9% |
| 1983 | 11,286 million USD | -1.5% |
| 1984 | 11,529 million USD | +2.2% |
| 1985 | 12,114 million USD | +5.1% |
| 1986 | 12,655 million USD | +4.5% |
| 1987 | 13,038 million USD | +3.0% |
| 1988 | 11,716 million USD | -10.1% |
| 1989 | 11,899 million USD | +1.6% |
| 1990 | 12,863 million USD | +8.1% |
| 1991 | 14,074 million USD | +9.4% |
| 1992 | 15,228 million USD | +8.2% |
| 1993 | 16,059 million USD | +5.5% |
| 1994 | 16,517 million USD | +2.9% |
| 1995 | 16,806 million USD | +1.8% |
| 1996 | 17,279 million USD | +2.8% |
| 1997 | 18,396 million USD | +6.5% |
| 1998 | 19,747 million USD | +7.3% |
| 1999 | 20,519 million USD | +3.9% |
| 2000 | 21,077 million USD | +2.7% |
| 2001 | 21,198 million USD | +0.6% |
| 2002 | 21,670 million USD | +2.2% |
| 2003 | 22,582 million USD | +4.2% |
| 2004 | 24,280 million USD | +7.5% |
| 2005 | 26,026 million USD | +7.2% |
| 2006 | 28,246 million USD | +8.5% |
| 2007 | 31,667 million USD | +12.1% |
| 2008 | 34,902 million USD | +10.2% |
| 2009 | 35,450 million USD | +1.6% |
| 2010 | 37,639 million USD | +6.2% |
| 2011 | 42,034 million USD | +11.7% |
| 2012 | 46,294 million USD | +10.1% |
| 2013 | 49,651 million USD | +7.3% |
| 2014 | 52,337 million USD | +5.4% |
| 2015 | 55,518 million USD | +6.1% |
| 2016 | 58,457 million USD | +5.3% |
| 2017 | 61,927 million USD | +5.9% |
| 2018 | 64,418 million USD | +4.0% |
| 2019 | 66,532 million USD | +3.3% |
| 2020 | 54,777 million USD | -17.7% |
| 2021 | 63,452 million USD | +15.8% |
| 2022 | 70,310 million USD | +10.8% |
| 2023 | 75,455 million USD | +7.3% |
| 2024 | 77,614 million USD | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,365 million USD | 5,930 million USD | 8,794 million USD | 10 |
| 1980s | 11,687 million USD | 10,132 million USD | 13,038 million USD | 10 |
| 1990s | 16,749 million USD | 12,863 million USD | 20,519 million USD | 10 |
| 2000s | 26,710 million USD | 21,077 million USD | 35,450 million USD | 10 |
| 2010s | 53,481 million USD | 37,639 million USD | 66,532 million USD | 10 |
| 2020s | 68,322 million USD | 54,777 million USD | 77,614 million USD | 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)
- GDP (constant 2015 US$), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8919 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 17,650 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.9369 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 18,541 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3858 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Panama?
- Gross domestic product — value us$, 2015 prices in Panama was 77,614 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Panama?
- The highest recorded value was 77,614 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Panama?
- The lowest recorded value was 5,930 million USD in 1970.
- How does Panama rank for gross domestic product — value us$, 2015 prices?
- Panama ranks 73rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).