Gross Domestic Product — Value US$, annual growth rate in Panama
Panama: Gross Domestic Product — Value US$, annual growth rate was 3.53 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Panama, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Panama is 3.53 % change on previous year, measured in 2024.
That represents a change of down 60.6% on the previous year and down 64.1% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Panama peaked at 27.44 % change on previous year in 1980 and was at its lowest, -18.12 % change on previous year, in 2020.
That places Panama 161st out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.83 % change on previous year | — |
| 1972 | 9.88 % change on previous year | -23.0% |
| 1973 | 14.38 % change on previous year | +45.6% |
| 1974 | 14.29 % change on previous year | -0.7% |
| 1975 | 12 % change on previous year | -16.0% |
| 1976 | 6.21 % change on previous year | -48.3% |
| 1977 | 6.03 % change on previous year | -2.9% |
| 1978 | 18.56 % change on previous year | +207.9% |
| 1979 | 14.46 % change on previous year | -22.1% |
| 1980 | 27.44 % change on previous year | +89.8% |
| 1981 | 12.61 % change on previous year | -54.0% |
| 1982 | 5.88 % change on previous year | -53.4% |
| 1983 | 5.06 % change on previous year | -13.9% |
| 1984 | 5.72 % change on previous year | +12.9% |
| 1985 | 6.64 % change on previous year | +16.1% |
| 1986 | 5.66 % change on previous year | -14.8% |
| 1987 | 3.13 % change on previous year | -44.7% |
| 1988 | -10.63 % change on previous year | -440.2% |
| 1989 | 0.2667 % change on previous year | -102.5% |
| 1990 | 8.71 % change on previous year | +3165.3% |
| 1991 | 9.96 % change on previous year | +14.3% |
| 1992 | 13.68 % change on previous year | +37.4% |
| 1993 | 9.2 % change on previous year | -32.7% |
| 1994 | 6.63 % change on previous year | -27.9% |
| 1995 | 2.23 % change on previous year | -66.4% |
| 1996 | 3.1 % change on previous year | +39.2% |
| 1997 | 8.17 % change on previous year | +163.8% |
| 1998 | 8.41 % change on previous year | +2.9% |
| 1999 | 4.79 % change on previous year | -43.0% |
| 2000 | 1.43 % change on previous year | -70.1% |
| 2001 | 1.61 % change on previous year | +12.2% |
| 2002 | 3.94 % change on previous year | +144.6% |
| 2003 | 5.38 % change on previous year | +36.8% |
| 2004 | 9.63 % change on previous year | +78.9% |
| 2005 | 9.07 % change on previous year | -5.9% |
| 2006 | 10.81 % change on previous year | +19.3% |
| 2007 | 22.3 % change on previous year | +106.2% |
| 2008 | 18.51 % change on previous year | -17.0% |
| 2009 | 8.15 % change on previous year | -56.0% |
| 2010 | 8.92 % change on previous year | +9.5% |
| 2011 | 18.2 % change on previous year | +104.0% |
| 2012 | 16.94 % change on previous year | -6.9% |
| 2013 | 13.16 % change on previous year | -22.3% |
| 2014 | 9.83 % change on previous year | -25.3% |
| 2015 | 8.71 % change on previous year | -11.5% |
| 2016 | 7.4 % change on previous year | -15.0% |
| 2017 | 7.77 % change on previous year | +4.9% |
| 2018 | 4.72 % change on previous year | -39.2% |
| 2019 | 3.61 % change on previous year | -23.6% |
| 2020 | -18.12 % change on previous year | -602.4% |
| 2021 | 18.08 % change on previous year | -199.8% |
| 2022 | 13.52 % change on previous year | -25.2% |
| 2023 | 8.96 % change on previous year | -33.7% |
| 2024 | 3.53 % change on previous year | -60.6% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +3165.3% | 0.2667 % change on previous year | 8.71 % change on previous year |
| 2020 | -602.4% | 3.61 % change on previous year | -18.12 % change on previous year |
| 1988 | -440.2% | 3.13 % change on previous year | -10.63 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.07 % change on previous year | 6.03 % change on previous year | 18.56 % change on previous year | 9 |
| 1980s | 6.18 % change on previous year | -10.63 % change on previous year | 27.44 % change on previous year | 10 |
| 1990s | 7.49 % change on previous year | 2.23 % change on previous year | 13.68 % change on previous year | 10 |
| 2000s | 9.08 % change on previous year | 1.43 % change on previous year | 22.3 % change on previous year | 10 |
| 2010s | 9.93 % change on previous year | 3.61 % change on previous year | 18.2 % change on previous year | 10 |
| 2020s | 5.2 % change on previous year | -18.12 % change on previous year | 18.08 % change on previous year | 5 |
Countries ranked near Panama
- 158 Netherlands Antilles (former) 3.59 % change on previous year compare
- 159 Estonia 3.57 % change on previous year compare
- 160 Tuvalu 3.56 % change on previous year compare
- 162 Equatorial Guinea 3.47 % change on previous year compare
- 163 Libya 3.41 % change on previous year compare
- 164 Australia 3.4 % change on previous year compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Panama?
- Gross domestic product — value us$, annual growth rate in Panama was 3.53 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Panama?
- The highest recorded value was 27.44 % change on previous year in 1980.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Panama?
- The lowest recorded value was -18.12 % change on previous year in 2020.
- How does Panama rank for gross domestic product — value us$, annual growth rate?
- Panama ranks 161st out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Panama?
- Over the last ten years it is down 64.1%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.