Gross value added at basic prices (GVA) in Panama
Panama: Gross value added at basic prices (GVA) was 82.45 billion constant LCU in 2025. ◆ Volatile
Latest (2025)
82.45 billion constant LCU
Change on year
up 4.4%
World rank
132nd
of 198 countries
All-time high
82.45 billion constant LCU
in 2025
All-time low
6.87 billion constant LCU
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 Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Panama is 82.45 billion constant LCU, measured in 2025. That is the highest value across all 56 years on record.
The figure 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 82.45 billion constant LCU in 2025 and was at its lowest, 6.87 billion constant LCU, in 1970.
That places Panama 132nd out of 198 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 LCU | Change |
|---|---|---|
| 1970 | 6.87 billion constant LCU | — |
| 1971 | 7.53 billion constant LCU | +9.6% |
| 1972 | 7.88 billion constant LCU | +4.7% |
| 1973 | 8.35 billion constant LCU | +6.0% |
| 1974 | 8.63 billion constant LCU | +3.3% |
| 1975 | 8.83 billion constant LCU | +2.3% |
| 1976 | 8.97 billion constant LCU | +1.6% |
| 1977 | 9.08 billion constant LCU | +1.2% |
| 1978 | 9.94 billion constant LCU | +9.5% |
| 1979 | 10.40 billion constant LCU | +4.6% |
| 1980 | 11.77 billion constant LCU | +13.2% |
| 1981 | 12.88 billion constant LCU | +9.4% |
| 1982 | 13.59 billion constant LCU | +5.4% |
| 1983 | 12.94 billion constant LCU | -4.8% |
| 1984 | 13.26 billion constant LCU | +2.5% |
| 1985 | 13.89 billion constant LCU | +4.8% |
| 1986 | 14.28 billion constant LCU | +2.8% |
| 1987 | 14.06 billion constant LCU | -1.5% |
| 1988 | 12.37 billion constant LCU | -12.1% |
| 1989 | 12.53 billion constant LCU | +1.3% |
| 1990 | 13.43 billion constant LCU | +7.2% |
| 1991 | 14.72 billion constant LCU | +9.6% |
| 1992 | 15.91 billion constant LCU | +8.1% |
| 1993 | 16.61 billion constant LCU | +4.4% |
| 1994 | 17.07 billion constant LCU | +2.8% |
| 1995 | 17.37 billion constant LCU | +1.7% |
| 1996 | 16.40 billion constant LCU | -5.6% |
| 1997 | 17.70 billion constant LCU | +8.0% |
| 1998 | 19.10 billion constant LCU | +7.9% |
| 1999 | 20.07 billion constant LCU | +5.1% |
| 2000 | 21.04 billion constant LCU | +4.8% |
| 2001 | 21.20 billion constant LCU | +0.8% |
| 2002 | 21.65 billion constant LCU | +2.1% |
| 2003 | 22.81 billion constant LCU | +5.4% |
| 2004 | 24.71 billion constant LCU | +8.4% |
| 2005 | 26.74 billion constant LCU | +8.2% |
| 2006 | 29.47 billion constant LCU | +10.2% |
| 2007 | 33.32 billion constant LCU | +13.1% |
| 2008 | 36.67 billion constant LCU | +10.1% |
| 2009 | 37.34 billion constant LCU | +1.8% |
| 2010 | 39.41 billion constant LCU | +5.6% |
| 2011 | 44.16 billion constant LCU | +12.0% |
| 2012 | 48.40 billion constant LCU | +9.6% |
| 2013 | 51.36 billion constant LCU | +6.1% |
| 2014 | 53.69 billion constant LCU | +4.5% |
| 2015 | 56.53 billion constant LCU | +5.3% |
| 2016 | 59.08 billion constant LCU | +4.5% |
| 2017 | 62.50 billion constant LCU | +5.8% |
| 2018 | 65.02 billion constant LCU | +4.0% |
| 2019 | 67.14 billion constant LCU | +3.3% |
| 2020 | 55.56 billion constant LCU | -17.2% |
| 2021 | 64.63 billion constant LCU | +16.3% |
| 2022 | 71.67 billion constant LCU | +10.9% |
| 2023 | 76.85 billion constant LCU | +7.2% |
| 2024 | 78.94 billion constant LCU | +2.7% |
| 2025 | 82.45 billion constant LCU | +4.4% |
Panama compared with similar countries
- Panama's 82.45 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 30% of the median. (70 countries reporting)
- Panama's 82.45 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 74% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.65 billion constant LCU | 6.87 billion constant LCU | 10.40 billion constant LCU | 10 |
| 1980s | 13.16 billion constant LCU | 11.77 billion constant LCU | 14.28 billion constant LCU | 10 |
| 1990s | 16.84 billion constant LCU | 13.43 billion constant LCU | 20.07 billion constant LCU | 10 |
| 2000s | 27.49 billion constant LCU | 21.04 billion constant LCU | 37.34 billion constant LCU | 10 |
| 2010s | 54.73 billion constant LCU | 39.41 billion constant LCU | 67.14 billion constant LCU | 10 |
| 2020s | 71.68 billion constant LCU | 55.56 billion constant LCU | 82.45 billion constant LCU | 6 |
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)
- 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 82.45 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Panama?
- The highest recorded value was 82.45 billion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Panama?
- The lowest recorded value was 6.87 billion constant LCU in 1970.
- How does Panama rank for gross value added at basic prices (gva)?
- Panama ranks 132nd out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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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 varies by country. This series is expressed in local currency units.