Gross Domestic Product — Value US$ in Panama
Panama: Gross Domestic Product — Value US$ was 86,327 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Panama stood at 86,327 million USD. That is the highest value across all 55 years on record.
The figure is up 3.5% on the previous year and up 69.0% over ten years.
Over the whole period, gross domestic product — value us$ in Panama peaked at 86,327 million USD in 2024 and was at its lowest, 1,165 million USD, in 1970.
That places Panama 77th out of 200 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,027 million USD | 1,165 million USD | 3,232 million USD | 10 |
| 1980s | 5,393 million USD | 4,119 million USD | 6,339 million USD | 10 |
| 1990s | 8,975 million USD | 6,174 million USD | 11,641 million USD | 10 |
| 2000s | 17,078 million USD | 11,808 million USD | 27,294 million USD | 10 |
| 2010s | 51,995 million USD | 29,729 million USD | 69,722 million USD | 10 |
| 2020s | 74,145 million USD | 57,087 million USD | 86,327 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)
- Taxes less subsidies on products (current LCU), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0246 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 487.09 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, annual growth rate 4.35 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Panama?
- Gross domestic product — value us$ in Panama was 86,327 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Panama?
- The highest recorded value was 86,327 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Panama?
- The lowest recorded value was 1,165 million USD in 1970.
- How does Panama rank for gross domestic product — value us$?
- Panama ranks 77th out of 200 countries with data for 2024.
- Is gross domestic product — value us$ 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 US$. Statizoid updates them automatically from the source API.
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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).