Gross value added at basic prices (GVA) in Panama
Panama: Gross value added at basic prices (GVA) was 88.24 billion current US$ in 2025. ◆ Volatile
Latest (2025)
88.24 billion current US$
Change on year
up 4.6%
World rank
76th
of 207 countries
All-time high
88.24 billion current US$
in 2025
All-time low
513.09 million current US$
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 Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross value added at basic prices (gva) in Panama stood at 88.24 billion current US$. That is the highest value across all 66 years on record.
The figure is 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 US$ in 2025 and was at its lowest, 513.09 million current US$, in 1960.
That places Panama 76th out of 207 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 513.09 million current US$ | — |
| 1961 | 572.18 million current US$ | +11.5% |
| 1962 | 624.00 million current US$ | +9.1% |
| 1963 | 698.43 million current US$ | +11.9% |
| 1964 | 750.66 million current US$ | +7.5% |
| 1965 | 822.13 million current US$ | +9.5% |
| 1966 | 895.62 million current US$ | +8.9% |
| 1967 | 997.78 million current US$ | +11.4% |
| 1968 | 1.08 billion current US$ | +7.9% |
| 1969 | 1.18 billion current US$ | +9.3% |
| 1970 | 1.30 billion current US$ | +10.1% |
| 1971 | 1.46 billion current US$ | +12.9% |
| 1972 | 1.61 billion current US$ | +10.1% |
| 1973 | 1.85 billion current US$ | +14.7% |
| 1974 | 2.11 billion current US$ | +14.3% |
| 1975 | 2.36 billion current US$ | +12.1% |
| 1976 | 2.52 billion current US$ | +6.4% |
| 1977 | 2.66 billion current US$ | +5.9% |
| 1978 | 3.15 billion current US$ | +18.3% |
| 1979 | 3.60 billion current US$ | +14.1% |
| 1980 | 4.49 billion current US$ | +24.8% |
| 1981 | 5.08 billion current US$ | +13.2% |
| 1982 | 5.62 billion current US$ | +10.6% |
| 1983 | 5.76 billion current US$ | +2.5% |
| 1984 | 6.00 billion current US$ | +4.1% |
| 1985 | 6.34 billion current US$ | +5.7% |
| 1986 | 6.56 billion current US$ | +3.5% |
| 1987 | 6.60 billion current US$ | +0.6% |
| 1988 | 5.78 billion current US$ | -12.4% |
| 1989 | 5.78 billion current US$ | -0.1% |
| 1990 | 6.22 billion current US$ | +7.7% |
| 1991 | 6.85 billion current US$ | +10.2% |
| 1992 | 7.78 billion current US$ | +13.5% |
| 1993 | 8.42 billion current US$ | +8.2% |
| 1994 | 8.98 billion current US$ | +6.7% |
| 1995 | 9.18 billion current US$ | +2.3% |
| 1996 | 8.82 billion current US$ | -3.9% |
| 1997 | 9.68 billion current US$ | +9.7% |
| 1998 | 10.56 billion current US$ | +9.1% |
| 1999 | 11.16 billion current US$ | +5.7% |
| 2000 | 11.51 billion current US$ | +3.1% |
| 2001 | 11.78 billion current US$ | +2.3% |
| 2002 | 12.25 billion current US$ | +4.0% |
| 2003 | 13.01 billion current US$ | +6.2% |
| 2004 | 14.48 billion current US$ | +11.3% |
| 2005 | 15.91 billion current US$ | +9.9% |
| 2006 | 17.97 billion current US$ | +13.0% |
| 2007 | 20.87 billion current US$ | +16.1% |
| 2008 | 24.74 billion current US$ | +18.5% |
| 2009 | 26.70 billion current US$ | +7.9% |
| 2010 | 28.96 billion current US$ | +8.5% |
| 2011 | 34.16 billion current US$ | +18.0% |
| 2012 | 39.92 billion current US$ | +16.8% |
| 2013 | 45.16 billion current US$ | +13.1% |
| 2014 | 49.41 billion current US$ | +9.4% |
| 2015 | 53.64 billion current US$ | +8.6% |
| 2016 | 57.38 billion current US$ | +7.0% |
| 2017 | 61.97 billion current US$ | +8.0% |
| 2018 | 65.02 billion current US$ | +4.9% |
| 2019 | 67.60 billion current US$ | +4.0% |
| 2020 | 55.64 billion current US$ | -17.7% |
| 2021 | 65.59 billion current US$ | +17.9% |
| 2022 | 74.31 billion current US$ | +13.3% |
| 2023 | 81.64 billion current US$ | +9.9% |
| 2024 | 84.39 billion current US$ | +3.4% |
| 2025 | 88.24 billion current US$ | +4.6% |
Panama compared with similar countries
- Panama's 88.24 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 80% of the median. (77 countries reporting)
- Panama's 88.24 billion current US$ is above the median for Latin America & Caribbean, which is 26.28 billion current US$, 3.4× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 812.67 million current US$ | 513.09 million current US$ | 1.18 billion current US$ | 10 |
| 1970s | 2.26 billion current US$ | 1.30 billion current US$ | 3.60 billion current US$ | 10 |
| 1980s | 5.80 billion current US$ | 4.49 billion current US$ | 6.60 billion current US$ | 10 |
| 1990s | 8.77 billion current US$ | 6.22 billion current US$ | 11.16 billion current US$ | 10 |
| 2000s | 16.92 billion current US$ | 11.51 billion current US$ | 26.70 billion current US$ | 10 |
| 2010s | 50.32 billion current US$ | 28.96 billion current US$ | 67.60 billion current US$ | 10 |
| 2020s | 74.97 billion current US$ | 55.64 billion current US$ | 88.24 billion current US$ | 6 |
Countries ranked near Panama
- 73 Costa Rica 95.15 billion current US$ compare
- 74 Cote d'Ivoire 91.65 billion current US$ compare
- 75 Luxembourg 91.60 billion current US$ compare
- 77 Democratic Republic of Congo 87.48 billion current US$ compare
- 78 Croatia 86.90 billion current US$ compare
- 79 Serbia 85.29 billion current 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Panama?
- Gross value added at basic prices (gva) in Panama was 88.24 billion current US$ 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 88.24 billion current US$ 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 US$ in 1960.
- How does Panama rank for gross value added at basic prices (gva)?
- Panama ranks 76th 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.