Panama GDP Annual Growth Rate: 2.5% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Panama is estimated to be $77 Billion US dollars at the end of 2024.

The economy of Panama has grown at an average annual growth rate of 9.3% in the last four years and is ranked the 12th largest economy in Americas, ahead of Costa Rica.

World Economics Rates Panama's Offical GDP Data as Grade D

GDP Annual Growth Rate: Panama


Source: World Bank, World Economics
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Economic Indicators: Panama 2021 2022 2023 2024
GDP Annual Growth Rate (%) 16.5 10.8 7.4 2.5
GDP per Capita Annual Growth Rate (%) 15.1 9.4 6.0 0.6
Real GDP (US$ Billions, 2010) 63 70 75 77
Real GDP per Capita (US$, 2010) 14,553 15,917 16,873 16,967
Current GDP (Billions, US$) 67 76 83 85
Current GDP per Capita (US$) 15,510 17,332 18,686 18,791
Real GDP PPP (Billions, 2017) 134 151 162 166
Real GDP per Capita PPP (int$ 2017) 28,837 30,551 31,326 35,272
Data Quality Rating for Panama See how much you can trust Panama's GDP Data




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PANAMA'S ECONOMICS
PANAMA'S DEMOGRAPHY
PANAMA'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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