Gross value added at basic prices (GVA) (constant LCU), annual growth in Panama
Panama: Gross value added at basic prices (GVA) (constant LCU), annual growth was 4.44 % change on previous year in 2025. ◆ Volatile
Latest (2025)
4.44 % change on previous year
Change on year
up 62.5%
World rank
62nd
of 195 countries
All-time high
16.33 % change on previous year
in 2021
All-time low
-17.25 % change on previous year
in 2020
Years of data
55
1971–2025
Gross value added at basic prices (GVA) (constant LCU), annual growth in Panama, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Panama recorded 4.44 % change on previous year for gross value added at basic prices (gva) (constant lcu), annual growth in 2025.
The figure is up 62.5% on the previous year and down 16.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Panama peaked at 16.33 % change on previous year in 2021 and was at its lowest, -17.25 % change on previous year, in 2020.
That places Panama 62nd out of 195 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) (constant LCU), annual growth in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.6 % change on previous year | — |
| 1972 | 4.66 % change on previous year | -51.4% |
| 1973 | 6 % change on previous year | +28.8% |
| 1974 | 3.26 % change on previous year | -45.7% |
| 1975 | 2.34 % change on previous year | -28.2% |
| 1976 | 1.63 % change on previous year | -30.3% |
| 1977 | 1.24 % change on previous year | -24.1% |
| 1978 | 9.45 % change on previous year | +664.2% |
| 1979 | 4.61 % change on previous year | -51.2% |
| 1980 | 13.2 % change on previous year | +186.2% |
| 1981 | 9.42 % change on previous year | -28.6% |
| 1982 | 5.45 % change on previous year | -42.2% |
| 1983 | -4.77 % change on previous year | -187.6% |
| 1984 | 2.46 % change on previous year | -151.5% |
| 1985 | 4.78 % change on previous year | +94.6% |
| 1986 | 2.78 % change on previous year | -41.8% |
| 1987 | -1.48 % change on previous year | -153.2% |
| 1988 | -12.06 % change on previous year | +715.1% |
| 1989 | 1.32 % change on previous year | -111.0% |
| 1990 | 7.18 % change on previous year | +442.8% |
| 1991 | 9.63 % change on previous year | +34.2% |
| 1992 | 8.06 % change on previous year | -16.4% |
| 1993 | 4.38 % change on previous year | -45.7% |
| 1994 | 2.81 % change on previous year | -35.9% |
| 1995 | 1.75 % change on previous year | -37.8% |
| 1996 | -5.6 % change on previous year | -420.8% |
| 1997 | 7.97 % change on previous year | -242.3% |
| 1998 | 7.85 % change on previous year | -1.4% |
| 1999 | 5.09 % change on previous year | -35.2% |
| 2000 | 4.84 % change on previous year | -5.0% |
| 2001 | 0.7568 % change on previous year | -84.3% |
| 2002 | 2.12 % change on previous year | +179.9% |
| 2003 | 5.36 % change on previous year | +153.0% |
| 2004 | 8.35 % change on previous year | +55.9% |
| 2005 | 8.22 % change on previous year | -1.5% |
| 2006 | 10.21 % change on previous year | +24.2% |
| 2007 | 13.06 % change on previous year | +27.9% |
| 2008 | 10.05 % change on previous year | -23.0% |
| 2009 | 1.81 % change on previous year | -82.0% |
| 2010 | 5.56 % change on previous year | +206.9% |
| 2011 | 12.05 % change on previous year | +116.9% |
| 2012 | 9.61 % change on previous year | -20.3% |
| 2013 | 6.11 % change on previous year | -36.4% |
| 2014 | 4.54 % change on previous year | -25.7% |
| 2015 | 5.3 % change on previous year | +16.9% |
| 2016 | 4.5 % change on previous year | -15.2% |
| 2017 | 5.79 % change on previous year | +28.7% |
| 2018 | 4.03 % change on previous year | -30.5% |
| 2019 | 3.27 % change on previous year | -18.9% |
| 2020 | -17.25 % change on previous year | -627.8% |
| 2021 | 16.33 % change on previous year | -194.7% |
| 2022 | 10.88 % change on previous year | -33.3% |
| 2023 | 7.22 % change on previous year | -33.7% |
| 2024 | 2.73 % change on previous year | -62.2% |
| 2025 | 4.44 % change on previous year | +62.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.76 % change on previous year | 1.24 % change on previous year | 9.6 % change on previous year | 9 |
| 1980s | 2.11 % change on previous year | -12.06 % change on previous year | 13.2 % change on previous year | 10 |
| 1990s | 4.91 % change on previous year | -5.6 % change on previous year | 9.63 % change on previous year | 10 |
| 2000s | 6.48 % change on previous year | 0.7568 % change on previous year | 13.06 % change on previous year | 10 |
| 2010s | 6.07 % change on previous year | 3.27 % change on previous year | 12.05 % change on previous year | 10 |
| 2020s | 4.06 % change on previous year | -17.25 % change on previous year | 16.33 % change on previous year | 6 |
Countries ranked near Panama
- 59 Saudi Arabia 4.53 % change on previous year compare
- 60 Central African Republic 4.5 % change on previous year compare
- 61 Morocco 4.5 % change on previous year compare
- 63 Sri Lanka 4.43 % change on previous year compare
- 64 Eswatini 4.42 % change on previous year compare
- 65 Grenada 4.41 % change on previous year 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 18,037 constant LCU per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Panama?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Panama was 4.44 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Panama?
- The highest recorded value was 16.33 % change on previous year in 2021.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Panama?
- The lowest recorded value was -17.25 % change on previous year in 2020.
- How does Panama rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Panama ranks 62nd out of 195 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Panama?
- Over the last ten years it is down 16.3%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.