GDP (constant LCU), annual growth rate in Panama
Panama: GDP (constant LCU), annual growth rate was 2.86 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in Panama, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (constant lcu), annual growth rate in Panama stood at 2.86 % change on previous year.
The figure is down 61.3% on the previous year and down 38.1% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Panama peaked at 16.47 % change on previous year in 2021 and was at its lowest, -17.82 % change on previous year, in 2020.
That places Panama 117th out of 212 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.62 % change on previous year | — |
| 1972 | 4.58 % change on previous year | -52.3% |
| 1973 | 5.36 % change on previous year | +17.1% |
| 1974 | 2.45 % change on previous year | -54.4% |
| 1975 | 1.74 % change on previous year | -28.9% |
| 1976 | 1.66 % change on previous year | -4.4% |
| 1977 | 1.09 % change on previous year | -34.3% |
| 1978 | 9.79 % change on previous year | +795.0% |
| 1979 | 4.51 % change on previous year | -53.9% |
| 1980 | 13.08 % change on previous year | +189.8% |
| 1981 | 9.21 % change on previous year | -29.6% |
| 1982 | 5.35 % change on previous year | -41.9% |
| 1983 | -4.49 % change on previous year | -184.0% |
| 1984 | 2.71 % change on previous year | -160.3% |
| 1985 | 4.94 % change on previous year | +82.4% |
| 1986 | 3.57 % change on previous year | -27.8% |
| 1987 | -1.81 % change on previous year | -150.7% |
| 1988 | -13.38 % change on previous year | +639.6% |
| 1989 | 1.56 % change on previous year | -111.7% |
| 1990 | 8.1 % change on previous year | +418.3% |
| 1991 | 9.42 % change on previous year | +16.3% |
| 1992 | 8.2 % change on previous year | -12.9% |
| 1993 | 5.46 % change on previous year | -33.5% |
| 1994 | 2.85 % change on previous year | -47.8% |
| 1995 | 1.75 % change on previous year | -38.5% |
| 1996 | -5.76 % change on previous year | -429.1% |
| 1997 | 7.71 % change on previous year | -233.7% |
| 1998 | 8.39 % change on previous year | +8.8% |
| 1999 | 5.21 % change on previous year | -37.9% |
| 2000 | 4.21 % change on previous year | -19.2% |
| 2001 | 0.9497 % change on previous year | -77.4% |
| 2002 | 2.51 % change on previous year | +164.2% |
| 2003 | 5.1 % change on previous year | +103.2% |
| 2004 | 8.18 % change on previous year | +60.4% |
| 2005 | 8.28 % change on previous year | +1.2% |
| 2006 | 9.86 % change on previous year | +19.1% |
| 2007 | 13.15 % change on previous year | +33.4% |
| 2008 | 10.2 % change on previous year | -22.5% |
| 2009 | 1.61 % change on previous year | -84.2% |
| 2010 | 6.07 % change on previous year | +276.8% |
| 2011 | 11.91 % change on previous year | +96.1% |
| 2012 | 9.63 % change on previous year | -19.2% |
| 2013 | 6.32 % change on previous year | -34.3% |
| 2014 | 4.63 % change on previous year | -26.9% |
| 2015 | 5.27 % change on previous year | +13.9% |
| 2016 | 4.57 % change on previous year | -13.2% |
| 2017 | 5.74 % change on previous year | +25.6% |
| 2018 | 3.92 % change on previous year | -31.8% |
| 2019 | 3.1 % change on previous year | -20.8% |
| 2020 | -17.82 % change on previous year | -674.3% |
| 2021 | 16.47 % change on previous year | -192.4% |
| 2022 | 10.77 % change on previous year | -34.6% |
| 2023 | 7.4 % change on previous year | -31.3% |
| 2024 | 2.86 % change on previous year | -61.3% |
Panama compared with similar countries
- Panama's 2.86 % change on previous year is above the median for high income countries, which is 2.27 % change on previous year, 1.3× the median. (83 countries reporting)
- Panama's 2.86 % change on previous year is below the median for Latin America & Caribbean, which is 3.38 % change on previous year, 85% of the median. (41 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate 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 |
|---|---|---|---|
| 1978 | +795.0% | 1.09 % change on previous year | 9.79 % change on previous year |
| 2020 | -674.3% | 3.1 % change on previous year | -17.82 % change on previous year |
| 1988 | -639.6% | -1.81 % change on previous year | -13.38 % change on previous year |
| 1990 | +418.3% | 1.56 % change on previous year | 8.1 % change on previous year |
| 1996 | -429.1% | 1.75 % change on previous year | -5.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.54 % change on previous year | 1.09 % change on previous year | 9.79 % change on previous year | 9 |
| 1980s | 2.07 % change on previous year | -13.38 % change on previous year | 13.08 % change on previous year | 10 |
| 1990s | 5.13 % change on previous year | -5.76 % change on previous year | 9.42 % change on previous year | 10 |
| 2000s | 6.4 % change on previous year | 0.9497 % change on previous year | 13.15 % change on previous year | 10 |
| 2010s | 6.12 % change on previous year | 3.1 % change on previous year | 11.91 % change on previous year | 10 |
| 2020s | 3.94 % change on previous year | -17.82 % change on previous year | 16.47 % change on previous year | 5 |
Countries ranked near Panama
- 114 French Polynesia 3 % change on previous year compare
- 115 Poland 2.92 % change on previous year compare
- 116 Ukraine 2.91 % change on previous year compare
- 118 Suriname 2.84 % change on previous year compare
- 119 Bulgaria 2.81 % change on previous year compare
- 120 United States 2.8 % change on previous year 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)
- World population growth -0.2% (2100)
- Population density 79.6 people per km² (2100)
- Number of children under 5, by world region 267,694 people (2100)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Panama?
- Gdp (constant lcu), annual growth rate in Panama was 2.86 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Panama?
- The highest recorded value was 16.47 % change on previous year in 2021.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Panama?
- The lowest recorded value was -17.82 % change on previous year in 2020.
- How does Panama rank for gdp (constant lcu), annual growth rate?
- Panama ranks 117th out of 212 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in Panama?
- Over the last ten years it is down 38.1%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.