GDP at market prices (constant 2010 US$) in Panama
Panama: GDP at market prices (constant 2010 US$) was 77.39 billion constant 2010 US$ in 2024. ◆ Volatile
Latest (2024)
77.39 billion constant 2010 US$
Change on year
up 2.9%
World rank
72nd
of 208 countries
All-time high
77.39 billion constant 2010 US$
in 2024
All-time low
6.81 billion constant 2010 US$
in 1970
Years of data
55
1970–2024
GDP at market prices in Panama, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
In 2024, gdp at market prices in Panama stood at 77.39 billion constant 2010 US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.9% on the previous year and up 46.1% over ten years.
Over the whole period, gdp at market prices in Panama peaked at 77.39 billion constant 2010 US$ in 2024 and was at its lowest, 6.81 billion constant 2010 US$, in 1970.
Panama ranks 72nd of 208 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$) in Panama, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 6.81 billion constant 2010 US$ | — |
| 1971 | 7.46 billion constant 2010 US$ | +9.6% |
| 1972 | 7.81 billion constant 2010 US$ | +4.6% |
| 1973 | 8.23 billion constant 2010 US$ | +5.4% |
| 1974 | 8.43 billion constant 2010 US$ | +2.4% |
| 1975 | 8.57 billion constant 2010 US$ | +1.7% |
| 1976 | 8.72 billion constant 2010 US$ | +1.7% |
| 1977 | 8.81 billion constant 2010 US$ | +1.1% |
| 1978 | 9.67 billion constant 2010 US$ | +9.8% |
| 1979 | 10.11 billion constant 2010 US$ | +4.5% |
| 1980 | 11.43 billion constant 2010 US$ | +13.1% |
| 1981 | 12.49 billion constant 2010 US$ | +9.2% |
| 1982 | 13.15 billion constant 2010 US$ | +5.3% |
| 1983 | 12.56 billion constant 2010 US$ | -4.5% |
| 1984 | 12.90 billion constant 2010 US$ | +2.7% |
| 1985 | 13.54 billion constant 2010 US$ | +4.9% |
| 1986 | 14.02 billion constant 2010 US$ | +3.6% |
| 1987 | 13.77 billion constant 2010 US$ | -1.8% |
| 1988 | 11.93 billion constant 2010 US$ | -13.4% |
| 1989 | 12.12 billion constant 2010 US$ | +1.6% |
| 1990 | 13.10 billion constant 2010 US$ | +8.1% |
| 1991 | 14.33 billion constant 2010 US$ | +9.4% |
| 1992 | 15.51 billion constant 2010 US$ | +8.2% |
| 1993 | 16.35 billion constant 2010 US$ | +5.5% |
| 1994 | 16.82 billion constant 2010 US$ | +2.8% |
| 1995 | 17.11 billion constant 2010 US$ | +1.8% |
| 1996 | 16.12 billion constant 2010 US$ | -5.8% |
| 1997 | 17.37 billion constant 2010 US$ | +7.7% |
| 1998 | 18.82 billion constant 2010 US$ | +8.4% |
| 1999 | 19.81 billion constant 2010 US$ | +5.2% |
| 2000 | 20.64 billion constant 2010 US$ | +4.2% |
| 2001 | 20.84 billion constant 2010 US$ | +1.0% |
| 2002 | 21.36 billion constant 2010 US$ | +2.5% |
| 2003 | 22.45 billion constant 2010 US$ | +5.1% |
| 2004 | 24.28 billion constant 2010 US$ | +8.2% |
| 2005 | 26.29 billion constant 2010 US$ | +8.3% |
| 2006 | 28.88 billion constant 2010 US$ | +9.9% |
| 2007 | 32.68 billion constant 2010 US$ | +13.2% |
| 2008 | 36.02 billion constant 2010 US$ | +10.2% |
| 2009 | 36.60 billion constant 2010 US$ | +1.6% |
| 2010 | 38.82 billion constant 2010 US$ | +6.1% |
| 2011 | 43.44 billion constant 2010 US$ | +11.9% |
| 2012 | 47.62 billion constant 2010 US$ | +9.6% |
| 2013 | 50.64 billion constant 2010 US$ | +6.3% |
| 2014 | 52.98 billion constant 2010 US$ | +4.6% |
| 2015 | 55.77 billion constant 2010 US$ | +5.3% |
| 2016 | 58.32 billion constant 2010 US$ | +4.6% |
| 2017 | 61.67 billion constant 2010 US$ | +5.7% |
| 2018 | 64.08 billion constant 2010 US$ | +3.9% |
| 2019 | 66.07 billion constant 2010 US$ | +3.1% |
| 2020 | 54.30 billion constant 2010 US$ | -17.8% |
| 2021 | 63.24 billion constant 2010 US$ | +16.5% |
| 2022 | 70.05 billion constant 2010 US$ | +10.8% |
| 2023 | 75.23 billion constant 2010 US$ | +7.4% |
| 2024 | 77.39 billion constant 2010 US$ | +2.9% |
Panama compared with similar countries
- Panama's 77.39 billion constant 2010 US$ is above the median for high income countries, which is 73.34 billion constant 2010 US$, 1.1× the median. (80 countries reporting)
- Panama's 77.39 billion constant 2010 US$ is above the median for Latin America & Caribbean, which is 22.14 billion constant 2010 US$, 3.5× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.46 billion constant 2010 US$ | 6.81 billion constant 2010 US$ | 10.11 billion constant 2010 US$ | 10 |
| 1980s | 12.79 billion constant 2010 US$ | 11.43 billion constant 2010 US$ | 14.02 billion constant 2010 US$ | 10 |
| 1990s | 16.53 billion constant 2010 US$ | 13.10 billion constant 2010 US$ | 19.81 billion constant 2010 US$ | 10 |
| 2000s | 27.00 billion constant 2010 US$ | 20.64 billion constant 2010 US$ | 36.60 billion constant 2010 US$ | 10 |
| 2010s | 53.94 billion constant 2010 US$ | 38.82 billion constant 2010 US$ | 66.07 billion constant 2010 US$ | 10 |
| 2020s | 68.04 billion constant 2010 US$ | 54.30 billion constant 2010 US$ | 77.39 billion constant 2010 US$ | 5 |
Countries ranked near Panama
- 69 Guatemala 83.99 billion constant 2010 US$ compare
- 70 Cuba 81.92 billion constant 2010 US$ compare
- 71 Ukraine 78.54 billion constant 2010 US$ compare
- 73 Cote d'Ivoire 76.35 billion constant 2010 US$ compare
- 74 Costa Rica 76.26 billion constant 2010 US$ compare
- 75 Ghana 74.70 billion constant 2010 US$ compare
More population data for Panama
- Population regions with projections, annual growth rate -0.192 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -2.53 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.192 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.1369 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 5,736 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.11 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.4333 % change on previous year (2100)
- Population growth rate -0.197 (2100)
- Population density 79.6 (2100)
- Projected population under age 5 267,694 (2100)
Frequently asked questions
- What is gdp at market prices in Panama?
- Gdp at market prices in Panama was 77.39 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Panama?
- The highest recorded value was 77.39 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Panama?
- The lowest recorded value was 6.81 billion constant 2010 US$ in 1970.
- How does Panama rank for gdp at market prices?
- Panama ranks 72nd out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Panama?
- Over the last ten years it is up 46.1%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release