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Panama — GDP growth
GDP Growth (Annual %) for Panama, 1961–2025.
Latest value · 2025
4.35%
GDP Growth (Annual %) · annual % · -60.2% since 1961
GDP growth for Panama was 4.35% in 2025, according to the latest World Bank data. The series covers 65 years, from 1961 to 2025. The highest recorded value was 16.47% in 2021. The lowest was -17.82% in 2020 (about -4.1× the latest value). Across that span the compound annual growth rate works out to -1.43% per year.
Panama ranks 70 of 212 economies on this measure (1 = highest), putting it in the top 33%. The median for Latin America & Caribbean is 3.38%, so Panama sits above it. It peaked in 2021 and has fallen 74% since. Over the last decade (2015–2025) the figure moved down 17%.
Key figures
Latest (2025)
4.35%
First (1961)
10.93%
Change
-60.2%
Highest
16.47%
in 2021
Lowest
-17.82%
in 2020
Average
5.41%
Annual growth (CAGR)
-1.43%
Years of data
65
Recent years
| Year | annual % |
|---|---|
| 2025 | 4.35% |
| 2024 | 2.75% |
| 2023 | 7.17% |
| 2022 | 11.04% |
| 2021 | 16.47% |
| 2020 | -17.82% |
| 2019 | 3.1% |
| 2018 | 3.92% |
| 2017 | 5.74% |
| 2016 | 4.57% |
| 2015 | 5.27% |
| 2014 | 4.63% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.