GDP (current LCU) (UNESCO Institute) in Panama
Panama: GDP (current LCU) (UNESCO Institute) was 86.26 billion current LCU in 2024. ◆ Volatile
Latest (2024)
86.26 billion current LCU
Change on year
up 3.5%
World rank
151st
of 211 countries
All-time high
86.26 billion current LCU
in 2024
All-time low
1.35 billion current LCU
in 1970
Years of data
55
1970–2024
GDP in Panama, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
In 2024, gdp in Panama stood at 86.26 billion current LCU. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 67.7% over ten years.
Over the whole period, gdp in Panama peaked at 86.26 billion current LCU in 2024 and was at its lowest, 1.35 billion current LCU, in 1970.
Panama ranks 151st of 211 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 (current LCU) (UNESCO Institute) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 1.35 billion current LCU | — |
| 1971 | 1.52 billion current LCU | +12.8% |
| 1972 | 1.67 billion current LCU | +9.8% |
| 1973 | 1.91 billion current LCU | +14.4% |
| 1974 | 2.19 billion current LCU | +14.3% |
| 1975 | 2.44 billion current LCU | +11.3% |
| 1976 | 2.59 billion current LCU | +6.3% |
| 1977 | 2.74 billion current LCU | +5.8% |
| 1978 | 3.24 billion current LCU | +18.5% |
| 1979 | 3.70 billion current LCU | +14.2% |
| 1980 | 4.61 billion current LCU | +24.6% |
| 1981 | 5.22 billion current LCU | +13.2% |
| 1982 | 5.77 billion current LCU | +10.5% |
| 1983 | 5.92 billion current LCU | +2.7% |
| 1984 | 6.18 billion current LCU | +4.4% |
| 1985 | 6.54 billion current LCU | +5.8% |
| 1986 | 6.80 billion current LCU | +3.9% |
| 1987 | 6.83 billion current LCU | +0.4% |
| 1988 | 5.90 billion current LCU | -13.5% |
| 1989 | 5.92 billion current LCU | +0.3% |
| 1990 | 6.43 billion current LCU | +8.7% |
| 1991 | 7.07 billion current LCU | +10.0% |
| 1992 | 8.04 billion current LCU | +13.7% |
| 1993 | 8.78 billion current LCU | +9.2% |
| 1994 | 9.37 billion current LCU | +6.6% |
| 1995 | 9.57 billion current LCU | +2.2% |
| 1996 | 9.20 billion current LCU | -3.9% |
| 1997 | 10.06 billion current LCU | +9.4% |
| 1998 | 11.02 billion current LCU | +9.6% |
| 1999 | 11.66 billion current LCU | +5.8% |
| 2000 | 11.97 billion current LCU | +2.6% |
| 2001 | 12.25 billion current LCU | +2.4% |
| 2002 | 12.80 billion current LCU | +4.5% |
| 2003 | 13.60 billion current LCU | +6.3% |
| 2004 | 15.10 billion current LCU | +11.0% |
| 2005 | 16.62 billion current LCU | +10.1% |
| 2006 | 18.66 billion current LCU | +12.2% |
| 2007 | 21.72 billion current LCU | +16.4% |
| 2008 | 25.72 billion current LCU | +18.4% |
| 2009 | 27.79 billion current LCU | +8.0% |
| 2010 | 30.23 billion current LCU | +8.8% |
| 2011 | 35.69 billion current LCU | +18.1% |
| 2012 | 41.60 billion current LCU | +16.6% |
| 2013 | 46.95 billion current LCU | +12.9% |
| 2014 | 51.43 billion current LCU | +9.5% |
| 2015 | 55.77 billion current LCU | +8.4% |
| 2016 | 59.76 billion current LCU | +7.2% |
| 2017 | 64.33 billion current LCU | +7.6% |
| 2018 | 67.32 billion current LCU | +4.6% |
| 2019 | 69.78 billion current LCU | +3.7% |
| 2020 | 57.06 billion current LCU | -18.2% |
| 2021 | 67.40 billion current LCU | +18.1% |
| 2022 | 76.28 billion current LCU | +13.2% |
| 2023 | 83.32 billion current LCU | +9.2% |
| 2024 | 86.26 billion current LCU | +3.5% |
Panama compared with similar countries
- Panama's 86.26 billion current LCU is below the median for high income countries, which is 220.22 billion current LCU, 39% of the median. (82 countries reporting)
- Panama's 86.26 billion current LCU is below the median for Latin America & Caribbean, which is 167.40 billion current LCU, 52% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.34 billion current LCU | 1.35 billion current LCU | 3.70 billion current LCU | 10 |
| 1980s | 5.97 billion current LCU | 4.61 billion current LCU | 6.83 billion current LCU | 10 |
| 1990s | 9.12 billion current LCU | 6.43 billion current LCU | 11.66 billion current LCU | 10 |
| 2000s | 17.62 billion current LCU | 11.97 billion current LCU | 27.79 billion current LCU | 10 |
| 2010s | 52.28 billion current LCU | 30.23 billion current LCU | 69.78 billion current LCU | 10 |
| 2020s | 74.06 billion current LCU | 57.06 billion current LCU | 86.26 billion current LCU | 5 |
Countries ranked near Panama
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 in Panama?
- Gdp in Panama was 86.26 billion current LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Panama?
- The highest recorded value was 86.26 billion current LCU in 2024.
- What is the lowest gdp recorded in Panama?
- The lowest recorded value was 1.35 billion current LCU in 1970.
- How does Panama rank for gdp?
- Panama ranks 151st out of 211 countries with data for 2024.
- Is gdp rising or falling in Panama?
- Over the last ten years it is up 67.7%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release