Gross Fixed Capital Formation — Value Standard Local Currency in Panama
Panama: Gross Fixed Capital Formation — Value Standard Local Currency was 29,858 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Panama, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Panama recorded 29,858 million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.3% on the previous year and up 44.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Panama peaked at 29,858 million SLC in 2024 and was at its lowest, 241.41 million SLC, in 1970.
That places Panama 152nd out of 230 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 — Value Standard Local Currency in Panama, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 241.41 million SLC | — |
| 1971 | 282.34 million SLC | +17.0% |
| 1972 | 343.09 million SLC | +21.5% |
| 1973 | 400.79 million SLC | +16.8% |
| 1974 | 428.63 million SLC | +6.9% |
| 1975 | 493.61 million SLC | +15.2% |
| 1976 | 561 million SLC | +13.7% |
| 1977 | 411.02 million SLC | -26.7% |
| 1978 | 558.88 million SLC | +36.0% |
| 1979 | 609.48 million SLC | +9.1% |
| 1980 | 798.63 million SLC | +31.0% |
| 1981 | 1,007 million SLC | +26.1% |
| 1982 | 1,108 million SLC | +10.1% |
| 1983 | 862.03 million SLC | -22.2% |
| 1984 | 704.31 million SLC | -18.3% |
| 1985 | 760.87 million SLC | +8.0% |
| 1986 | 871.79 million SLC | +14.6% |
| 1987 | 991.56 million SLC | +13.7% |
| 1988 | 390.79 million SLC | -60.6% |
| 1989 | 290.26 million SLC | -25.7% |
| 1990 | 414.14 million SLC | +42.7% |
| 1991 | 796.81 million SLC | +92.4% |
| 1992 | 1,120 million SLC | +40.6% |
| 1993 | 1,534 million SLC | +36.9% |
| 1994 | 1,668 million SLC | +8.8% |
| 1995 | 1,877 million SLC | +12.5% |
| 1996 | 1,878 million SLC | +0.1% |
| 1997 | 2,021 million SLC | +7.6% |
| 1998 | 2,441 million SLC | +20.8% |
| 1999 | 2,556 million SLC | +4.7% |
| 2000 | 2,462 million SLC | -3.7% |
| 2001 | 1,794 million SLC | -27.1% |
| 2002 | 1,665 million SLC | -7.2% |
| 2003 | 2,207 million SLC | +32.6% |
| 2004 | 2,351 million SLC | +6.5% |
| 2005 | 2,601 million SLC | +10.6% |
| 2006 | 3,135 million SLC | +20.5% |
| 2007 | 5,935 million SLC | +89.3% |
| 2008 | 7,945 million SLC | +33.9% |
| 2009 | 7,892 million SLC | -0.7% |
| 2010 | 8,766 million SLC | +11.1% |
| 2011 | 10,862 million SLC | +23.9% |
| 2012 | 14,441 million SLC | +33.0% |
| 2013 | 18,130 million SLC | +25.5% |
| 2014 | 20,645 million SLC | +13.9% |
| 2015 | 21,868 million SLC | +5.9% |
| 2016 | 22,930 million SLC | +4.9% |
| 2017 | 25,344 million SLC | +10.5% |
| 2018 | 26,061 million SLC | +2.8% |
| 2019 | 25,759 million SLC | -1.2% |
| 2020 | 13,452 million SLC | -47.8% |
| 2021 | 18,446 million SLC | +37.1% |
| 2022 | 22,585 million SLC | +22.4% |
| 2023 | 28,363 million SLC | +25.6% |
| 2024 | 29,858 million SLC | +5.3% |
Panama compared with similar countries
- Panama's 29,858 million SLC is below the median for high income countries, which is 36,467 million SLC, 82% of the median. (73 countries reporting)
- Panama's 29,858 million SLC is above the median for Latin America & Caribbean, which is 21,321 million SLC, 1.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 433.02 million SLC | 241.41 million SLC | 609.48 million SLC | 10 |
| 1980s | 778.55 million SLC | 290.26 million SLC | 1,108 million SLC | 10 |
| 1990s | 1,631 million SLC | 414.14 million SLC | 2,556 million SLC | 10 |
| 2000s | 3,799 million SLC | 1,665 million SLC | 7,945 million SLC | 10 |
| 2010s | 19,481 million SLC | 8,766 million SLC | 26,061 million SLC | 10 |
| 2020s | 22,541 million SLC | 13,452 million SLC | 29,858 million SLC | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Panama?
- Gross fixed capital formation — value standard local currency in Panama was 29,858 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Panama?
- The highest recorded value was 29,858 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Panama?
- The lowest recorded value was 241.41 million SLC in 1970.
- How does Panama rank for gross fixed capital formation — value standard local currency?
- Panama ranks 152nd out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Panama?
- Over the last ten years it is up 44.6%. 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 Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).