GDP growth in Panama
Panama: GDP growth was 2.9% in 2024. β Volatile
GDP growth in Panama, 1970β2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
The most recent figure for gdp growth in Panama is 2.9%, measured in 2024.
Compared with earlier readings it is down 61.3% on the previous year and down 38.1% over ten years.
Over the whole period, gdp growth in Panama peaked at 16.5% in 2021 and was at its lowest, -17.8%, in 2020.
Panama ranks 117th of 209 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.8% | 1.1% | 9.8% | 10 |
| 1980s | 2.1% | -13.4% | 13.1% | 10 |
| 1990s | 5.1% | -5.8% | 9.4% | 10 |
| 2000s | 6.4% | 0.9% | 13.2% | 10 |
| 2010s | 6.1% | 3.1% | 11.9% | 10 |
| 2020s | 3.9% | -17.8% | 16.5% | 5 |
Countries ranked near Panama
More population data for Panama
- Population growth rate by level of development -0.197 (2100)
- Projected population under age 5 267,694 (2100)
- Population density 79.6 (2100)
- Population growth rate -0.197 (2100)
- Fertility and wanted fertility 2.11 (2024)
- Refugee population by country or territory of asylum 2,658 (2024)
- Fertility vs unmet contraception 2.11 (2024)
- Fertility vs contraception 2.11 (2024)
- Natural population growth 1.13 (2023)
- Fertility rate with projections 2.12 (2023)
Frequently asked questions
- What is gdp growth in Panama?
- Gdp growth in Panama was 2.9% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Panama?
- The highest recorded value was 16.5% in 2021.
- What is the lowest gdp growth recorded in Panama?
- The lowest recorded value was -17.8% in 2020.
- How does Panama rank for gdp growth?
- Panama ranks 117th out of 209 countries with data for 2024.
- Is gdp growth 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 UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release