GDP per capita (current US$) (UNESCO Institute) in Panama
Panama: GDP per capita (current US$) (UNESCO Institute) was 19,103 current US$ in 2024. ◆ Volatile
Latest (2024)
19,103 current US$
Change on year
up 2.2%
World rank
74th
of 211 countries
All-time high
19,103 current US$
in 2024
All-time low
892.89 current US$
in 1970
Years of data
55
1970–2024
GDP per capita in Panama, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
Panama recorded 19,103 current US$ for gdp per capita in 2024. That is the highest value across all 55 years on record.
The figure is up 2.2% on the previous year and up 44.6% over ten years.
Over the whole period, gdp per capita in Panama peaked at 19,103 current US$ in 2024 and was at its lowest, 892.89 current US$, in 1970.
Panama ranks 74th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita (current US$) (UNESCO Institute) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 892.89 current US$ | — |
| 1971 | 979.33 current US$ | +9.7% |
| 1972 | 1,046 current US$ | +6.8% |
| 1973 | 1,164 current US$ | +11.3% |
| 1974 | 1,296 current US$ | +11.3% |
| 1975 | 1,406 current US$ | +8.4% |
| 1976 | 1,456 current US$ | +3.6% |
| 1977 | 1,503 current US$ | +3.2% |
| 1978 | 1,738 current US$ | +15.6% |
| 1979 | 1,938 current US$ | +11.5% |
| 1980 | 2,357 current US$ | +21.6% |
| 1981 | 2,605 current US$ | +10.5% |
| 1982 | 2,811 current US$ | +7.9% |
| 1983 | 2,819 current US$ | +0.3% |
| 1984 | 2,875 current US$ | +2.0% |
| 1985 | 2,972 current US$ | +3.4% |
| 1986 | 3,019 current US$ | +1.6% |
| 1987 | 2,966 current US$ | -1.8% |
| 1988 | 2,509 current US$ | -15.4% |
| 1989 | 2,462 current US$ | -1.9% |
| 1990 | 2,620 current US$ | +6.4% |
| 1991 | 2,821 current US$ | +7.6% |
| 1992 | 3,140 current US$ | +11.3% |
| 1993 | 3,358 current US$ | +7.0% |
| 1994 | 3,508 current US$ | +4.5% |
| 1995 | 3,514 current US$ | +0.2% |
| 1996 | 3,308 current US$ | -5.9% |
| 1997 | 3,546 current US$ | +7.2% |
| 1998 | 3,808 current US$ | +7.4% |
| 1999 | 3,950 current US$ | +3.7% |
| 2000 | 3,975 current US$ | +0.6% |
| 2001 | 3,992 current US$ | +0.4% |
| 2002 | 4,091 current US$ | +2.5% |
| 2003 | 4,265 current US$ | +4.3% |
| 2004 | 4,645 current US$ | +8.9% |
| 2005 | 5,018 current US$ | +8.0% |
| 2006 | 5,529 current US$ | +10.2% |
| 2007 | 6,318 current US$ | +14.3% |
| 2008 | 7,348 current US$ | +16.3% |
| 2009 | 7,797 current US$ | +6.1% |
| 2010 | 8,331 current US$ | +6.9% |
| 2011 | 9,662 current US$ | +16.0% |
| 2012 | 11,065 current US$ | +14.5% |
| 2013 | 12,273 current US$ | +10.9% |
| 2014 | 13,213 current US$ | +7.7% |
| 2015 | 14,083 current US$ | +6.6% |
| 2016 | 14,832 current US$ | +5.3% |
| 2017 | 15,695 current US$ | +5.8% |
| 2018 | 16,151 current US$ | +2.9% |
| 2019 | 16,478 current US$ | +2.0% |
| 2020 | 13,291 current US$ | -19.3% |
| 2021 | 15,510 current US$ | +16.7% |
| 2022 | 17,332 current US$ | +11.8% |
| 2023 | 18,686 current US$ | +7.8% |
| 2024 | 19,103 current US$ | +2.2% |
Panama compared with similar countries
- Panama's 19,103 current US$ is below the median for high income countries, which is 38,080 current US$, 50% of the median. (82 countries reporting)
- Panama's 19,103 current US$ is above the median for Latin America & Caribbean, which is 14,008 current US$, 1.4× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,342 current US$ | 892.89 current US$ | 1,938 current US$ | 10 |
| 1980s | 2,740 current US$ | 2,357 current US$ | 3,019 current US$ | 10 |
| 1990s | 3,357 current US$ | 2,620 current US$ | 3,950 current US$ | 10 |
| 2000s | 5,298 current US$ | 3,975 current US$ | 7,797 current US$ | 10 |
| 2010s | 13,178 current US$ | 8,331 current US$ | 16,478 current US$ | 10 |
| 2020s | 16,784 current US$ | 13,291 current US$ | 19,103 current US$ | 5 |
Countries ranked near Panama
- 71 Oman 20,248 current US$ compare
- 72 Romania 20,072 current US$ compare
- 73 Trinidad and Tobago 19,315 current US$ compare
- 75 Costa Rica 18,587 current US$ compare
- 76 American Samoa 18,018 current US$ compare
- 77 Seychelles 17,859 current 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 per capita in Panama?
- Gdp per capita in Panama was 19,103 current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp per capita recorded in Panama?
- The highest recorded value was 19,103 current US$ in 2024.
- What is the lowest gdp per capita recorded in Panama?
- The lowest recorded value was 892.89 current US$ in 1970.
- How does Panama rank for gdp per capita?
- Panama ranks 74th out of 211 countries with data for 2024.
- Is gdp per capita rising or falling in Panama?
- Over the last ten years it is up 44.6%. 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 per capita (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
February 2026 Data Release