Gross value added at basic prices (GVA) in Panama
Panama: Gross value added at basic prices (GVA) was 78.22 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
78.22 billion constant 2015 US$
Change on year
up 4.4%
World rank
68th
of 194 countries
All-time high
78.22 billion constant 2015 US$
in 2025
All-time low
6.52 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Gross value added at basic prices (GVA) in Panama, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Panama recorded 78.22 billion constant 2015 US$ for gross value added at basic prices (gva) in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 45.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Panama peaked at 78.22 billion constant 2015 US$ in 2025 and was at its lowest, 6.52 billion constant 2015 US$, in 1970.
That places Panama 68th out of 194 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 6.52 billion constant 2015 US$ | — |
| 1971 | 7.14 billion constant 2015 US$ | +9.6% |
| 1972 | 7.48 billion constant 2015 US$ | +4.7% |
| 1973 | 7.93 billion constant 2015 US$ | +6.0% |
| 1974 | 8.19 billion constant 2015 US$ | +3.3% |
| 1975 | 8.38 billion constant 2015 US$ | +2.3% |
| 1976 | 8.51 billion constant 2015 US$ | +1.6% |
| 1977 | 8.62 billion constant 2015 US$ | +1.2% |
| 1978 | 9.43 billion constant 2015 US$ | +9.5% |
| 1979 | 9.87 billion constant 2015 US$ | +4.6% |
| 1980 | 11.17 billion constant 2015 US$ | +13.2% |
| 1981 | 12.22 billion constant 2015 US$ | +9.4% |
| 1982 | 12.89 billion constant 2015 US$ | +5.4% |
| 1983 | 12.27 billion constant 2015 US$ | -4.8% |
| 1984 | 12.58 billion constant 2015 US$ | +2.5% |
| 1985 | 13.18 billion constant 2015 US$ | +4.8% |
| 1986 | 13.54 billion constant 2015 US$ | +2.8% |
| 1987 | 13.34 billion constant 2015 US$ | -1.5% |
| 1988 | 11.73 billion constant 2015 US$ | -12.1% |
| 1989 | 11.89 billion constant 2015 US$ | +1.3% |
| 1990 | 12.74 billion constant 2015 US$ | +7.2% |
| 1991 | 13.97 billion constant 2015 US$ | +9.6% |
| 1992 | 15.10 billion constant 2015 US$ | +8.1% |
| 1993 | 15.76 billion constant 2015 US$ | +4.4% |
| 1994 | 16.20 billion constant 2015 US$ | +2.8% |
| 1995 | 16.48 billion constant 2015 US$ | +1.7% |
| 1996 | 15.56 billion constant 2015 US$ | -5.6% |
| 1997 | 16.80 billion constant 2015 US$ | +8.0% |
| 1998 | 18.12 billion constant 2015 US$ | +7.9% |
| 1999 | 19.04 billion constant 2015 US$ | +5.1% |
| 2000 | 19.96 billion constant 2015 US$ | +4.8% |
| 2001 | 20.11 billion constant 2015 US$ | +0.8% |
| 2002 | 20.54 billion constant 2015 US$ | +2.1% |
| 2003 | 21.64 billion constant 2015 US$ | +5.4% |
| 2004 | 23.44 billion constant 2015 US$ | +8.4% |
| 2005 | 25.37 billion constant 2015 US$ | +8.2% |
| 2006 | 27.96 billion constant 2015 US$ | +10.2% |
| 2007 | 31.62 billion constant 2015 US$ | +13.1% |
| 2008 | 34.79 billion constant 2015 US$ | +10.1% |
| 2009 | 35.42 billion constant 2015 US$ | +1.8% |
| 2010 | 37.39 billion constant 2015 US$ | +5.6% |
| 2011 | 41.90 billion constant 2015 US$ | +12.0% |
| 2012 | 45.92 billion constant 2015 US$ | +9.6% |
| 2013 | 48.73 billion constant 2015 US$ | +6.1% |
| 2014 | 50.94 billion constant 2015 US$ | +4.5% |
| 2015 | 53.64 billion constant 2015 US$ | +5.3% |
| 2016 | 56.05 billion constant 2015 US$ | +4.5% |
| 2017 | 59.30 billion constant 2015 US$ | +5.8% |
| 2018 | 61.69 billion constant 2015 US$ | +4.0% |
| 2019 | 63.70 billion constant 2015 US$ | +3.3% |
| 2020 | 52.71 billion constant 2015 US$ | -17.2% |
| 2021 | 61.32 billion constant 2015 US$ | +16.3% |
| 2022 | 68.00 billion constant 2015 US$ | +10.9% |
| 2023 | 72.91 billion constant 2015 US$ | +7.2% |
| 2024 | 74.90 billion constant 2015 US$ | +2.7% |
| 2025 | 78.22 billion constant 2015 US$ | +4.4% |
Panama compared with similar countries
- Panama's 78.22 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 81% of the median. (69 countries reporting)
- Panama's 78.22 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 3.3× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.21 billion constant 2015 US$ | 6.52 billion constant 2015 US$ | 9.87 billion constant 2015 US$ | 10 |
| 1980s | 12.48 billion constant 2015 US$ | 11.17 billion constant 2015 US$ | 13.54 billion constant 2015 US$ | 10 |
| 1990s | 15.98 billion constant 2015 US$ | 12.74 billion constant 2015 US$ | 19.04 billion constant 2015 US$ | 10 |
| 2000s | 26.09 billion constant 2015 US$ | 19.96 billion constant 2015 US$ | 35.42 billion constant 2015 US$ | 10 |
| 2010s | 51.92 billion constant 2015 US$ | 37.39 billion constant 2015 US$ | 63.70 billion constant 2015 US$ | 10 |
| 2020s | 68.01 billion constant 2015 US$ | 52.71 billion constant 2015 US$ | 78.22 billion constant 2015 US$ | 6 |
Countries ranked near Panama
- 65 Sri Lanka 89.77 billion constant 2015 US$ compare
- 66 Guatemala 81.73 billion constant 2015 US$ compare
- 67 Cuba 80.71 billion constant 2015 US$ compare
- 69 Turkmenistan 75.24 billion constant 2015 US$ compare
- 70 Cote d'Ivoire 74.88 billion constant 2015 US$ compare
- 71 Costa Rica 74.65 billion constant 2015 US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Panama?
- Gross value added at basic prices (gva) in Panama was 78.22 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Panama?
- The highest recorded value was 78.22 billion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Panama?
- The lowest recorded value was 6.52 billion constant 2015 US$ in 1970.
- How does Panama rank for gross value added at basic prices (gva)?
- Panama ranks 68th out of 194 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Panama?
- Over the last ten years it is up 45.8%. 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.