Gross fixed capital formation (constant 2015 US$) in Panama
Panama: Gross fixed capital formation (constant 2015 US$) was 24.02 billion constant 2015 US$ in 2024. ◆ Volatile
Gross fixed capital formation in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Panama recorded 24.02 billion constant 2015 US$ for gross fixed capital formation in 2024.
That represents a change of up 2.4% on the previous year and up 16.6% over ten years.
Over the whole period, gross fixed capital formation in Panama peaked at 24.38 billion constant 2015 US$ in 2018 and was at its lowest, 2.87 billion constant 2015 US$, in 1996.
That places Panama 59th out of 161 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$) in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1996 | 2.87 billion constant 2015 US$ | — |
| 1997 | 3.16 billion constant 2015 US$ | +9.9% |
| 1998 | 3.73 billion constant 2015 US$ | +18.0% |
| 1999 | 4.26 billion constant 2015 US$ | +14.3% |
| 2000 | 4.09 billion constant 2015 US$ | -4.1% |
| 2001 | 3.11 billion constant 2015 US$ | -23.9% |
| 2002 | 2.98 billion constant 2015 US$ | -4.3% |
| 2003 | 3.72 billion constant 2015 US$ | +25.0% |
| 2004 | 4.11 billion constant 2015 US$ | +10.5% |
| 2005 | 4.56 billion constant 2015 US$ | +11.0% |
| 2006 | 5.52 billion constant 2015 US$ | +21.0% |
| 2007 | 7.90 billion constant 2015 US$ | +43.1% |
| 2008 | 9.67 billion constant 2015 US$ | +22.4% |
| 2009 | 9.43 billion constant 2015 US$ | -2.5% |
| 2010 | 10.57 billion constant 2015 US$ | +12.2% |
| 2011 | 12.60 billion constant 2015 US$ | +19.2% |
| 2012 | 15.73 billion constant 2015 US$ | +24.8% |
| 2013 | 18.97 billion constant 2015 US$ | +20.6% |
| 2014 | 20.60 billion constant 2015 US$ | +8.6% |
| 2015 | 21.88 billion constant 2015 US$ | +6.2% |
| 2016 | 22.34 billion constant 2015 US$ | +2.1% |
| 2017 | 24.11 billion constant 2015 US$ | +7.9% |
| 2018 | 24.38 billion constant 2015 US$ | +1.1% |
| 2019 | 24.04 billion constant 2015 US$ | -1.4% |
| 2020 | 12.56 billion constant 2015 US$ | -47.8% |
| 2021 | 16.47 billion constant 2015 US$ | +31.2% |
| 2022 | 19.86 billion constant 2015 US$ | +20.6% |
| 2023 | 23.46 billion constant 2015 US$ | +18.1% |
| 2024 | 24.02 billion constant 2015 US$ | +2.4% |
Panama compared with similar countries
- Panama's 24.02 billion constant 2015 US$ is below the median for high income countries, which is 50.87 billion constant 2015 US$, 47% of the median. (57 countries reporting)
- Panama's 24.02 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 13.68 billion constant 2015 US$, 1.8× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.51 billion constant 2015 US$ | 2.87 billion constant 2015 US$ | 4.26 billion constant 2015 US$ | 4 |
| 2000s | 5.51 billion constant 2015 US$ | 2.98 billion constant 2015 US$ | 9.67 billion constant 2015 US$ | 10 |
| 2010s | 19.52 billion constant 2015 US$ | 10.57 billion constant 2015 US$ | 24.38 billion constant 2015 US$ | 10 |
| 2020s | 19.27 billion constant 2015 US$ | 12.56 billion constant 2015 US$ | 24.02 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 56 Oman 25.69 billion constant 2015 US$ compare
- 57 Sri Lanka 25.54 billion constant 2015 US$ compare
- 58 Dominican Republic 25.24 billion constant 2015 US$ compare
- 60 Ukraine 24.00 billion constant 2015 US$ compare
- 61 Slovakia 22.89 billion constant 2015 US$ compare
- 62 Cote d'Ivoire 22.29 billion constant 2015 US$ compare
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Panama?
- Gross fixed capital formation in Panama was 24.02 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Panama?
- The highest recorded value was 24.38 billion constant 2015 US$ in 2018.
- What is the lowest gross fixed capital formation recorded in Panama?
- The lowest recorded value was 2.87 billion constant 2015 US$ in 1996.
- How does Panama rank for gross fixed capital formation?
- Panama ranks 59th out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Panama?
- Over the last ten years it is up 16.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.