Annual GDP growth in Panama
Panama: Annual GDP growth was 4.3% in 2025. ◆ Volatile
Annual GDP growth in Panama, 1980–2025
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Panama is 4.3%, measured in 2025.
Compared with earlier readings it is up 58.3% on the previous year and down 17.4% over ten years.
Over the whole period, annual gdp growth in Panama peaked at 16.5% in 2021 and was at its lowest, -17.8%, in 2020.
That places Panama 62nd out of 196 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.2% | -13.4% | 9.2% | 10 |
| 1990s | 6.4% | 1.8% | 9.4% | 10 |
| 2000s | 6.4% | 0.9% | 13.2% | 10 |
| 2010s | 6.1% | 3.1% | 11.9% | 10 |
| 2020s | 4.0% | -17.8% | 16.5% | 6 |
Countries ranked near Panama
- 59 Philippines 4.4% compare
- 60 Egypt 4.4% compare
- 61 Argentina 4.4% compare
- 62 Belarus 4.3% compare
- 64 East Timor 4.3% compare
- 65 Madagascar 4.3% compare
More economy & growth data for Panama
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Panama?
- Annual gdp growth in Panama was 4.3% in 2025, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Panama?
- The highest recorded value was 16.5% in 2021.
- What is the lowest annual gdp growth recorded in Panama?
- The lowest recorded value was -17.8% in 2020.
- How does Panama rank for annual gdp growth?
- Panama ranks 62nd out of 196 countries with data for 2025.
- Is annual gdp growth rising or falling in Panama?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.