Gross value added at basic prices (GVA) in Panama
Panama: Gross value added at basic prices (GVA) was 88.24 billion current LCU in 2025. ◆ Volatile
Latest (2025)
88.24 billion current LCU
Change on year
up 4.6%
World rank
148th
of 207 countries
All-time high
88.24 billion current LCU
in 2025
All-time low
513.09 million current LCU
in 1960
Years of data
66
1960–2025
Gross value added at basic prices (GVA) in Panama, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Panama recorded 88.24 billion current LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 66 years on record.
That represents a change of up 4.6% on the previous year and up 64.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Panama peaked at 88.24 billion current LCU in 2025 and was at its lowest, 513.09 million current LCU, in 1960.
Panama ranks 148th of 207 countries on this measure, 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 | current LCU | Change |
|---|---|---|
| 1960 | 513.09 million current LCU | — |
| 1961 | 572.18 million current LCU | +11.5% |
| 1962 | 624.00 million current LCU | +9.1% |
| 1963 | 698.43 million current LCU | +11.9% |
| 1964 | 750.66 million current LCU | +7.5% |
| 1965 | 822.13 million current LCU | +9.5% |
| 1966 | 895.62 million current LCU | +8.9% |
| 1967 | 997.78 million current LCU | +11.4% |
| 1968 | 1.08 billion current LCU | +7.9% |
| 1969 | 1.18 billion current LCU | +9.3% |
| 1970 | 1.30 billion current LCU | +10.1% |
| 1971 | 1.46 billion current LCU | +12.9% |
| 1972 | 1.61 billion current LCU | +10.1% |
| 1973 | 1.85 billion current LCU | +14.7% |
| 1974 | 2.11 billion current LCU | +14.3% |
| 1975 | 2.36 billion current LCU | +12.1% |
| 1976 | 2.52 billion current LCU | +6.4% |
| 1977 | 2.66 billion current LCU | +5.9% |
| 1978 | 3.15 billion current LCU | +18.3% |
| 1979 | 3.60 billion current LCU | +14.1% |
| 1980 | 4.49 billion current LCU | +24.8% |
| 1981 | 5.08 billion current LCU | +13.2% |
| 1982 | 5.62 billion current LCU | +10.6% |
| 1983 | 5.76 billion current LCU | +2.5% |
| 1984 | 6.00 billion current LCU | +4.1% |
| 1985 | 6.34 billion current LCU | +5.7% |
| 1986 | 6.56 billion current LCU | +3.5% |
| 1987 | 6.60 billion current LCU | +0.6% |
| 1988 | 5.78 billion current LCU | -12.4% |
| 1989 | 5.78 billion current LCU | -0.1% |
| 1990 | 6.22 billion current LCU | +7.7% |
| 1991 | 6.85 billion current LCU | +10.2% |
| 1992 | 7.78 billion current LCU | +13.5% |
| 1993 | 8.42 billion current LCU | +8.2% |
| 1994 | 8.98 billion current LCU | +6.7% |
| 1995 | 9.18 billion current LCU | +2.3% |
| 1996 | 8.82 billion current LCU | -3.9% |
| 1997 | 9.68 billion current LCU | +9.7% |
| 1998 | 10.56 billion current LCU | +9.1% |
| 1999 | 11.16 billion current LCU | +5.7% |
| 2000 | 11.51 billion current LCU | +3.1% |
| 2001 | 11.78 billion current LCU | +2.3% |
| 2002 | 12.25 billion current LCU | +4.0% |
| 2003 | 13.01 billion current LCU | +6.2% |
| 2004 | 14.48 billion current LCU | +11.3% |
| 2005 | 15.91 billion current LCU | +9.9% |
| 2006 | 17.97 billion current LCU | +13.0% |
| 2007 | 20.87 billion current LCU | +16.1% |
| 2008 | 24.74 billion current LCU | +18.5% |
| 2009 | 26.70 billion current LCU | +7.9% |
| 2010 | 28.96 billion current LCU | +8.5% |
| 2011 | 34.16 billion current LCU | +18.0% |
| 2012 | 39.92 billion current LCU | +16.8% |
| 2013 | 45.16 billion current LCU | +13.1% |
| 2014 | 49.41 billion current LCU | +9.4% |
| 2015 | 53.64 billion current LCU | +8.6% |
| 2016 | 57.38 billion current LCU | +7.0% |
| 2017 | 61.97 billion current LCU | +8.0% |
| 2018 | 65.02 billion current LCU | +4.9% |
| 2019 | 67.60 billion current LCU | +4.0% |
| 2020 | 55.64 billion current LCU | -17.7% |
| 2021 | 65.59 billion current LCU | +17.9% |
| 2022 | 74.31 billion current LCU | +13.3% |
| 2023 | 81.64 billion current LCU | +9.9% |
| 2024 | 84.39 billion current LCU | +3.4% |
| 2025 | 88.24 billion current LCU | +4.6% |
Panama compared with similar countries
- Panama's 88.24 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 33% of the median. (77 countries reporting)
- Panama's 88.24 billion current LCU is below the median for Latin America & Caribbean, which is 135.81 billion current LCU, 65% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 812.67 million current LCU | 513.09 million current LCU | 1.18 billion current LCU | 10 |
| 1970s | 2.26 billion current LCU | 1.30 billion current LCU | 3.60 billion current LCU | 10 |
| 1980s | 5.80 billion current LCU | 4.49 billion current LCU | 6.60 billion current LCU | 10 |
| 1990s | 8.77 billion current LCU | 6.22 billion current LCU | 11.16 billion current LCU | 10 |
| 2000s | 16.92 billion current LCU | 11.51 billion current LCU | 26.70 billion current LCU | 10 |
| 2010s | 50.32 billion current LCU | 28.96 billion current LCU | 67.60 billion current LCU | 10 |
| 2020s | 74.97 billion current LCU | 55.64 billion current LCU | 88.24 billion current 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 88.24 billion current LCU 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 88.24 billion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Panama?
- The lowest recorded value was 513.09 million current LCU in 1960.
- How does Panama rank for gross value added at basic prices (gva)?
- Panama ranks 148th out of 207 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 64.5%. 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) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.