Gross fixed capital formation in Panama
Panama: Gross fixed capital formation was 31.4% in 2024. ▲ Rising
Gross fixed capital formation in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross fixed capital formation in Panama stood at 31.4%.
That represents a change of down 1.6% on the previous year and down 21.9% over ten years.
Over the whole period, gross fixed capital formation in Panama peaked at 40.2% in 2014 and was at its lowest, 5.8%, in 1989.
That places Panama 18th out of 180 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 65 years of available data.
Gross fixed capital formation in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 12.8% | — |
| 1961 | 15.1% | +17.4% |
| 1962 | 14.7% | -2.4% |
| 1963 | 15.0% | +2.1% |
| 1964 | 12.7% | -15.4% |
| 1965 | 13.2% | +3.8% |
| 1966 | 17.2% | +30.3% |
| 1967 | 16.6% | -3.5% |
| 1968 | 17.5% | +5.6% |
| 1969 | 18.4% | +5.2% |
| 1970 | 21.2% | +15.2% |
| 1971 | 22.0% | +3.7% |
| 1972 | 24.3% | +10.7% |
| 1973 | 24.9% | +2.1% |
| 1974 | 23.3% | -6.5% |
| 1975 | 24.1% | +3.5% |
| 1976 | 25.7% | +6.9% |
| 1977 | 17.8% | -30.8% |
| 1978 | 20.4% | +14.8% |
| 1979 | 19.5% | -4.5% |
| 1980 | 20.5% | +5.0% |
| 1981 | 22.8% | +11.4% |
| 1982 | 22.8% | -0.3% |
| 1983 | 17.2% | -24.3% |
| 1984 | 13.5% | -21.7% |
| 1985 | 13.8% | +2.1% |
| 1986 | 15.2% | +10.3% |
| 1987 | 17.2% | +13.2% |
| 1988 | 7.8% | -54.4% |
| 1989 | 5.8% | -25.9% |
| 1990 | 7.6% | +31.2% |
| 1991 | 13.3% | +75.0% |
| 1992 | 16.5% | +23.7% |
| 1993 | 20.7% | +25.4% |
| 1994 | 21.1% | +2.0% |
| 1995 | 23.2% | +10.1% |
| 1996 | 20.1% | -13.3% |
| 1997 | 20.3% | +0.8% |
| 1998 | 22.9% | +12.6% |
| 1999 | 23.2% | +1.3% |
| 2000 | 22.4% | -3.3% |
| 2001 | 16.4% | -26.8% |
| 2002 | 14.8% | -9.6% |
| 2003 | 18.8% | +26.8% |
| 2004 | 18.4% | -2.2% |
| 2005 | 19.3% | +5.1% |
| 2006 | 21.5% | +11.5% |
| 2007 | 27.4% | +27.0% |
| 2008 | 30.9% | +13.1% |
| 2009 | 28.5% | -7.9% |
| 2010 | 29.1% | +2.3% |
| 2011 | 30.6% | +4.9% |
| 2012 | 34.9% | +14.0% |
| 2013 | 38.7% | +11.1% |
| 2014 | 40.2% | +3.8% |
| 2015 | 39.2% | -2.4% |
| 2016 | 38.3% | -2.3% |
| 2017 | 39.3% | +2.7% |
| 2018 | 38.7% | -1.7% |
| 2019 | 37.0% | -4.2% |
| 2020 | 23.7% | -36.1% |
| 2021 | 27.4% | +15.9% |
| 2022 | 29.6% | +7.9% |
| 2023 | 31.9% | +7.8% |
| 2024 | 31.4% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.3% | 12.7% | 18.4% | 10 |
| 1970s | 22.3% | 17.8% | 25.7% | 10 |
| 1980s | 15.7% | 5.8% | 22.8% | 10 |
| 1990s | 18.9% | 7.6% | 23.2% | 10 |
| 2000s | 21.8% | 14.8% | 30.9% | 10 |
| 2010s | 36.6% | 29.1% | 40.2% | 10 |
| 2020s | 28.8% | 23.7% | 31.9% | 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)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2057 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 4,071 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2264 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 4,480 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Panama?
- Gross fixed capital formation in Panama was 31.4% 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 40.2% in 2014.
- What is the lowest gross fixed capital formation recorded in Panama?
- The lowest recorded value was 5.8% in 1989.
- How does Panama rank for gross fixed capital formation?
- Panama ranks 18th out of 180 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Panama?
- Over the last ten years it is down 21.9%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.