Gross Domestic Product — Value US$ per capita in Panama
Panama: Gross Domestic Product — Value US$ per capita was 19,118 USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ per capita in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for gross domestic product — value us$ per capita in Panama is 19,118 USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.2% on the previous year and up 45.7% over ten years.
Over the whole period, gross domestic product — value us$ per capita in Panama peaked at 19,118 USD in 2024 and was at its lowest, 770.18 USD, in 1970.
Panama ranks 72nd of 195 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$ per capita in Panama, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 770.18 USD | — |
| 1971 | 844.98 USD | +9.7% |
| 1972 | 903.14 USD | +6.9% |
| 1973 | 1,005 USD | +11.3% |
| 1974 | 1,119 USD | +11.3% |
| 1975 | 1,221 USD | +9.1% |
| 1976 | 1,264 USD | +3.5% |
| 1977 | 1,308 USD | +3.4% |
| 1978 | 1,513 USD | +15.7% |
| 1979 | 1,691 USD | +11.7% |
| 1980 | 2,104 USD | +24.4% |
| 1981 | 2,314 USD | +10.0% |
| 1982 | 2,393 USD | +3.4% |
| 1983 | 2,456 USD | +2.6% |
| 1984 | 2,537 USD | +3.3% |
| 1985 | 2,643 USD | +4.2% |
| 1986 | 2,730 USD | +3.3% |
| 1987 | 2,754 USD | +0.9% |
| 1988 | 2,408 USD | -12.6% |
| 1989 | 2,363 USD | -1.9% |
| 1990 | 2,514 USD | +6.4% |
| 1991 | 2,707 USD | +7.6% |
| 1992 | 3,013 USD | +11.3% |
| 1993 | 3,223 USD | +7.0% |
| 1994 | 3,367 USD | +4.5% |
| 1995 | 3,372 USD | +0.2% |
| 1996 | 3,407 USD | +1.0% |
| 1997 | 3,612 USD | +6.0% |
| 1998 | 3,839 USD | +6.3% |
| 1999 | 3,944 USD | +2.7% |
| 2000 | 3,922 USD | -0.5% |
| 2001 | 3,909 USD | -0.3% |
| 2002 | 3,985 USD | +1.9% |
| 2003 | 4,120 USD | +3.4% |
| 2004 | 4,432 USD | +7.6% |
| 2005 | 4,743 USD | +7.0% |
| 2006 | 5,159 USD | +8.8% |
| 2007 | 6,195 USD | +20.1% |
| 2008 | 7,209 USD | +16.4% |
| 2009 | 7,657 USD | +6.2% |
| 2010 | 8,193 USD | +7.0% |
| 2011 | 9,514 USD | +16.1% |
| 2012 | 10,931 USD | +14.9% |
| 2013 | 12,155 USD | +11.2% |
| 2014 | 13,122 USD | +7.9% |
| 2015 | 14,019 USD | +6.8% |
| 2016 | 14,799 USD | +5.6% |
| 2017 | 15,678 USD | +5.9% |
| 2018 | 16,146 USD | +3.0% |
| 2019 | 16,464 USD | +2.0% |
| 2020 | 13,297 USD | -19.2% |
| 2021 | 15,512 USD | +16.7% |
| 2022 | 17,388 USD | +12.1% |
| 2023 | 18,701 USD | +7.5% |
| 2024 | 19,118 USD | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,164 USD | 770.18 USD | 1,691 USD | 10 |
| 1980s | 2,470 USD | 2,104 USD | 2,754 USD | 10 |
| 1990s | 3,300 USD | 2,514 USD | 3,944 USD | 10 |
| 2000s | 5,133 USD | 3,909 USD | 7,657 USD | 10 |
| 2010s | 13,102 USD | 8,193 USD | 16,464 USD | 10 |
| 2020s | 16,803 USD | 13,297 USD | 19,118 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ per capita in Panama?
- Gross domestic product — value us$ per capita in Panama was 19,118 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ per capita recorded in Panama?
- The highest recorded value was 19,118 USD in 2024.
- What is the lowest gross domestic product — value us$ per capita recorded in Panama?
- The lowest recorded value was 770.18 USD in 1970.
- How does Panama rank for gross domestic product — value us$ per capita?
- Panama ranks 72nd out of 195 countries with data for 2024.
- Is gross domestic product — value us$ per capita rising or falling in Panama?
- Over the last ten years it is up 45.7%. 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$ per capita. 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).