Real gdp growth in Panama
Panama: Real gdp growth was 4.35 in 2025. ◆ Volatile
Real gdp growth in Panama, 1980–2025
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Panama is 4.35, 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, real gdp growth in Panama peaked at 16.47 in 2021 and was at its lowest, -17.82, in 2020.
That places Panama 68th 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.
Real gdp growth in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 4.5 | — |
| 1981 | 9.21 | +104.6% |
| 1982 | 5.35 | -41.9% |
| 1983 | -4.49 | -184.0% |
| 1984 | 2.71 | -160.3% |
| 1985 | 4.94 | +82.4% |
| 1986 | 3.57 | -27.8% |
| 1987 | -1.81 | -150.7% |
| 1988 | -13.38 | +639.6% |
| 1989 | 1.56 | -111.7% |
| 1990 | 8.1 | +418.4% |
| 1991 | 9.42 | +16.3% |
| 1992 | 8.2 | -12.9% |
| 1993 | 5.46 | -33.5% |
| 1994 | 2.85 | -47.8% |
| 1995 | 1.75 | -38.5% |
| 1996 | 7.37 | +320.7% |
| 1997 | 7.71 | +4.6% |
| 1998 | 8.39 | +8.8% |
| 1999 | 5.21 | -37.9% |
| 2000 | 4.21 | -19.2% |
| 2001 | 0.9499 | -77.4% |
| 2002 | 2.51 | +164.1% |
| 2003 | 5.1 | +103.2% |
| 2004 | 8.18 | +60.4% |
| 2005 | 8.28 | +1.2% |
| 2006 | 9.86 | +19.1% |
| 2007 | 13.15 | +33.4% |
| 2008 | 10.2 | -22.5% |
| 2009 | 1.61 | -84.2% |
| 2010 | 6.07 | +276.8% |
| 2011 | 11.91 | +96.1% |
| 2012 | 9.63 | -19.2% |
| 2013 | 6.32 | -34.3% |
| 2014 | 4.63 | -26.9% |
| 2015 | 5.27 | +13.9% |
| 2016 | 4.57 | -13.2% |
| 2017 | 5.74 | +25.6% |
| 2018 | 3.92 | -31.8% |
| 2019 | 3.1 | -20.8% |
| 2020 | -17.82 | -674.3% |
| 2021 | 16.47 | -192.4% |
| 2022 | 11.04 | -33.0% |
| 2023 | 7.17 | -35.1% |
| 2024 | 2.75 | -61.7% |
| 2025 | 4.35 | +58.3% |
Panama compared with similar countries
- Panama's 4.35 is above the median for high income countries, which is 2.14, 2.0× the median. (67 countries reporting)
- Panama's 4.35 is above the median for Latin America & Caribbean, which is 3.47, 1.3× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -674.3% | 3.1 | -17.82 |
| 1988 | -639.6% | -1.81 | -13.38 |
| 1990 | +418.4% | 1.56 | 8.1 |
| 1996 | +320.7% | 1.75 | 7.37 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.22 | -13.38 | 9.21 | 10 |
| 1990s | 6.45 | 1.75 | 9.42 | 10 |
| 2000s | 6.4 | 0.9499 | 13.15 | 10 |
| 2010s | 6.12 | 3.1 | 11.91 | 10 |
| 2020s | 3.99 | -17.82 | 16.47 | 6 |
Countries ranked near Panama
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Panama?
- Real gdp growth in Panama was 4.35 in 2025, according to Our World in Data.
- What is the highest real gdp growth recorded in Panama?
- The highest recorded value was 16.47 in 2021.
- What is the lowest real gdp growth recorded in Panama?
- The lowest recorded value was -17.82 in 2020.
- How does Panama rank for real gdp growth?
- Panama ranks 68th out of 196 countries with data for 2025.
- Is real 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 Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (Our World in Data).