GDP (current US$) (UNESCO Institute) in Panama
Panama: GDP (current US$) (UNESCO Institute) was 86.26 billion current US$ in 2024. ◆ Volatile
Latest (2024)
86.26 billion current US$
Change on year
up 3.5%
World rank
78th
of 211 countries
All-time high
86.26 billion current US$
in 2024
All-time low
1.35 billion current US$
in 1970
Years of data
55
1970–2024
GDP in Panama, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
In 2024, gdp in Panama stood at 86.26 billion current US$. 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 US$ in 2024 and was at its lowest, 1.35 billion current US$, in 1970.
That places Panama 78th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.35 billion current US$ | — |
| 1971 | 1.52 billion current US$ | +12.8% |
| 1972 | 1.67 billion current US$ | +9.8% |
| 1973 | 1.91 billion current US$ | +14.4% |
| 1974 | 2.19 billion current US$ | +14.3% |
| 1975 | 2.44 billion current US$ | +11.3% |
| 1976 | 2.59 billion current US$ | +6.3% |
| 1977 | 2.74 billion current US$ | +5.8% |
| 1978 | 3.24 billion current US$ | +18.5% |
| 1979 | 3.70 billion current US$ | +14.2% |
| 1980 | 4.61 billion current US$ | +24.6% |
| 1981 | 5.22 billion current US$ | +13.2% |
| 1982 | 5.77 billion current US$ | +10.5% |
| 1983 | 5.92 billion current US$ | +2.7% |
| 1984 | 6.18 billion current US$ | +4.4% |
| 1985 | 6.54 billion current US$ | +5.8% |
| 1986 | 6.80 billion current US$ | +3.9% |
| 1987 | 6.83 billion current US$ | +0.4% |
| 1988 | 5.90 billion current US$ | -13.5% |
| 1989 | 5.92 billion current US$ | +0.3% |
| 1990 | 6.43 billion current US$ | +8.7% |
| 1991 | 7.07 billion current US$ | +10.0% |
| 1992 | 8.04 billion current US$ | +13.7% |
| 1993 | 8.78 billion current US$ | +9.2% |
| 1994 | 9.37 billion current US$ | +6.6% |
| 1995 | 9.57 billion current US$ | +2.2% |
| 1996 | 9.20 billion current US$ | -3.9% |
| 1997 | 10.06 billion current US$ | +9.4% |
| 1998 | 11.02 billion current US$ | +9.6% |
| 1999 | 11.66 billion current US$ | +5.8% |
| 2000 | 11.97 billion current US$ | +2.6% |
| 2001 | 12.25 billion current US$ | +2.4% |
| 2002 | 12.80 billion current US$ | +4.5% |
| 2003 | 13.60 billion current US$ | +6.3% |
| 2004 | 15.10 billion current US$ | +11.0% |
| 2005 | 16.62 billion current US$ | +10.1% |
| 2006 | 18.66 billion current US$ | +12.2% |
| 2007 | 21.72 billion current US$ | +16.4% |
| 2008 | 25.72 billion current US$ | +18.4% |
| 2009 | 27.79 billion current US$ | +8.0% |
| 2010 | 30.23 billion current US$ | +8.8% |
| 2011 | 35.69 billion current US$ | +18.1% |
| 2012 | 41.60 billion current US$ | +16.6% |
| 2013 | 46.95 billion current US$ | +12.9% |
| 2014 | 51.43 billion current US$ | +9.5% |
| 2015 | 55.77 billion current US$ | +8.4% |
| 2016 | 59.76 billion current US$ | +7.2% |
| 2017 | 64.33 billion current US$ | +7.6% |
| 2018 | 67.32 billion current US$ | +4.6% |
| 2019 | 69.78 billion current US$ | +3.7% |
| 2020 | 57.06 billion current US$ | -18.2% |
| 2021 | 67.40 billion current US$ | +18.1% |
| 2022 | 76.28 billion current US$ | +13.2% |
| 2023 | 83.32 billion current US$ | +9.2% |
| 2024 | 86.26 billion current US$ | +3.5% |
Panama compared with similar countries
- Panama's 86.26 billion current US$ is below the median for high income countries, which is 92.86 billion current US$, 93% of the median. (82 countries reporting)
- Panama's 86.26 billion current US$ is above the median for Latin America & Caribbean, which is 25.83 billion current US$, 3.3× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.34 billion current US$ | 1.35 billion current US$ | 3.70 billion current US$ | 10 |
| 1980s | 5.97 billion current US$ | 4.61 billion current US$ | 6.83 billion current US$ | 10 |
| 1990s | 9.12 billion current US$ | 6.43 billion current US$ | 11.66 billion current US$ | 10 |
| 2000s | 17.62 billion current US$ | 11.97 billion current US$ | 27.79 billion current US$ | 10 |
| 2010s | 52.28 billion current US$ | 30.23 billion current US$ | 69.78 billion current US$ | 10 |
| 2020s | 74.06 billion current US$ | 57.06 billion current US$ | 86.26 billion current US$ | 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 US$ 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 US$ in 2024.
- What is the lowest gdp recorded in Panama?
- The lowest recorded value was 1.35 billion current US$ in 1970.
- How does Panama rank for gdp?
- Panama ranks 78th 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 US$). 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