Panama — GDP
GDP (Nominal) for Panama, 1960–2025.
GDP for Panama was 90.46 billion in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The latest year is also the highest value on record for this series. The lowest was 537.15 million in 1960 (about 168.4× the low point). Across that span the compound annual growth rate works out to 8.21% per year.
Panama ranks 83 of 212 economies on this measure (1 = highest), putting it in the top 39%. The median for Latin America & Caribbean is 32.08 billion, so Panama sits above it. Over the last decade (2015–2025) the figure moved up 62%. Within Latin America & Caribbean it ranks 14 of 40 economies; Uruguay (85.35 billion) is just below it. Its sharpest one-year move was up 25% in 1980. That is 28% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1968; grown tenfold by 1982. Doubling roughly every 8.8 years at that pace.
World ranking. Slipped: 71st of 111 in 1960 → 74th of 146 in 1970 → 80th of 163 in 1980 → 93rd of 192 in 1990 → 86th of 204 in 2000 → 92nd of 212 in 2010 → 82nd of 210 in 2020 → 81st of 186 in 2025.
Key figures
Full history — 1960 to 2025
| Year | current US$ | Change |
|---|---|---|
| 2025 | 90,462,600,000 | +4.6% |
| 2024 | 86,523,959,100 | +3.2% |
| 2023 | 83,812,155,200 | +9.6% |
| 2022 | 76,479,304,500 | +13.5% |
| 2021 | 67,396,392,500 | +18.1% |
| 2020 | 57,059,846,500 | -18.2% |
| 2019 | 69,778,991,200 | +3.7% |
| 2018 | 67,316,471,200 | +4.6% |
| 2017 | 64,327,688,800 | +7.6% |
| 2016 | 59,760,858,700 | +7.2% |
| 2015 | 55,767,806,100 | +8.4% |
| 2014 | 51,427,104,900 | +9.5% |
| 2013 | 46,949,496,500 | +12.9% |
| 2012 | 41,595,439,700 | +16.6% |
| 2011 | 35,687,738,300 | +18.1% |
| 2010 | 30,231,009,500 | +8.8% |
| 2009 | 27,791,215,500 | +8.0% |
| 2008 | 25,721,328,000 | +18.4% |
| 2007 | 21,717,433,800 | +16.4% |
| 2006 | 18,659,721,500 | +12.2% |
| 2005 | 16,623,906,700 | +10.1% |
| 2004 | 15,100,203,400 | +11.0% |
| 2003 | 13,603,456,000 | +6.3% |
| 2002 | 12,800,851,300 | +4.5% |
| 2001 | 12,252,906,300 | +2.4% |
| 2000 | 11,966,497,000 | +2.6% |
| 1999 | 11,660,704,800 | +5.8% |
| 1998 | 11,019,557,700 | +9.6% |
| 1997 | 10,058,854,400 | +9.4% |
| 1996 | 9,197,503,300 | -3.9% |
| 1995 | 9,573,813,700 | +2.2% |
| 1994 | 9,365,289,800 | +6.6% |
| 1993 | 8,782,585,400 | +9.2% |
| 1992 | 8,042,337,700 | +13.7% |
| 1991 | 7,074,675,500 | +10.0% |
| 1990 | 6,433,967,000 | +8.7% |
| 1989 | 5,918,469,800 | +0.3% |
| 1988 | 5,902,783,400 | -13.5% |
| 1987 | 6,827,665,300 | +0.4% |
| 1986 | 6,797,834,200 | +3.9% |
| 1985 | 6,541,517,100 | +5.8% |
| 1984 | 6,183,387,100 | +4.4% |
| 1983 | 5,923,755,900 | +2.7% |
| 1982 | 5,769,767,900 | +10.5% |
| 1981 | 5,222,421,500 | +13.2% |
| 1980 | 4,614,086,400 | +24.6% |
| 1979 | 3,704,551,600 | +14.2% |
| 1978 | 3,244,558,600 | +18.5% |
| 1977 | 2,738,261,900 | +5.8% |
| 1976 | 2,588,106,000 | +6.3% |
| 1975 | 2,435,304,100 | +11.3% |
| 1974 | 2,188,307,600 | +14.3% |
| 1973 | 1,913,793,400 | +14.4% |
| 1972 | 1,673,411,700 | +9.8% |
| 1971 | 1,523,917,200 | +12.8% |
| 1970 | 1,351,006,400 | +10.6% |
| 1969 | 1,221,305,700 | +9.8% |
| 1968 | 1,112,791,100 | +7.6% |
| 1967 | 1,034,376,400 | +11.4% |
| 1966 | 928,833,000 | +9.0% |
| 1965 | 852,485,300 | +9.8% |
| 1964 | 776,137,500 | +7.4% |
| 1963 | 722,784,500 | +10.8% |
| 1962 | 652,120,900 | +8.9% |
| 1961 | 599,026,300 | +11.5% |
| 1960 | 537,147,100 | — |
Frequently asked questions
What was Panama’s GDP in 1961?
599,026,300 (1961). The full year-by-year table above lists every published year, most recent first.
Are Panama’s GDP figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current US$ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Panama’s GDP growing or shrinking?
Between 1960 and 2025 the series was growing overall: +16741.3% in total — about 8.2% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.CD. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 90,462,600,000; 2024: 86,523,959,100; 2023: 83,812,155,200; 2022: 76,479,304,500; 2021: 67,396,392,500. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.CD — GDP (Nominal). 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.