Nominal GDP in billions of USD
Year -
$83.38 billions(8.96%)
In 2023, Panama witnessed an increase in its Nominal GDP, rising to 83.38 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 177.36 international billion dollars.
Relatedly, in the preceding year of 2022, Panama has Nominal GDP stood at 76.52 billion dollars, while the GDP based on PPP was 159.46 international billion dollars.
The net change in Panama's GDP (Nominal) in 2023 increased by 6.86 billion dollars(8.96%), and GDP (PPP) increased by 17.90 international billion dollars(11.23%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.54 | - | - | - | - | - |
| 1961 | 0.6 | 0.06 | 11.11 % | - | - | - |
| 1962 | 0.65 | 0.05 | 8.33 % | - | - | - |
| 1963 | 0.72 | 0.07 | 10.77 % | - | - | - |
| 1964 | 0.78 | 0.06 | 8.33 % | - | - | - |
| 1965 | 0.85 | 0.07 | 8.97 % | - | - | - |
| 1966 | 0.93 | 0.08 | 9.41 % | - | - | - |
| 1967 | 1.03 | 0.1 | 10.75 % | - | - | - |
| 1968 | 1.11 | 0.08 | 7.77 % | - | - | - |
| 1969 | 1.22 | 0.11 | 9.91 % | - | - | - |
| 1970 | 1.35 | 0.13 | 10.66 % | - | - | - |
| 1971 | 1.52 | 0.17 | 12.59 % | - | - | - |
| 1972 | 1.67 | 0.15 | 9.87 % | - | - | - |
| 1973 | 1.91 | 0.24 | 14.37 % | - | - | - |
| 1974 | 2.19 | 0.28 | 14.66 % | - | - | - |
| 1975 | 2.44 | 0.25 | 11.42 % | - | - | - |
| 1976 | 2.59 | 0.15 | 6.15 % | - | - | - |
| 1977 | 2.74 | 0.15 | 5.79 % | - | - | - |
| 1978 | 3.24 | 0.5 | 18.25 % | - | - | - |
| 1979 | 3.7 | 0.46 | 14.2 % | - | - | - |
| 1980 | 4.61 | 0.91 | 24.59 % | - | - | - |
| 1981 | 5.22 | 0.61 | 13.23 % | - | - | - |
| 1982 | 5.77 | 0.55 | 10.54 % | - | - | - |
| 1983 | 5.92 | 0.15 | 2.6 % | - | - | - |
| 1984 | 6.18 | 0.26 | 4.39 % | - | - | - |
| 1985 | 6.54 | 0.36 | 5.83 % | - | - | - |
| 1986 | 6.8 | 0.26 | 3.98 % | - | - | - |
| 1987 | 6.83 | 0.03 | 0.44 % | - | - | - |
| 1988 | 5.9 | -0.93 | -13.62 % | - | - | - |
| 1989 | 5.92 | 0.02 | 0.34 % | - | - | - |
| 1990 | 6.43 | 0.51 | 8.61 % | 12.91 | - | - |
| 1991 | 7.07 | 0.64 | 9.95 % | 14.6 | 1.69 | 13.09 % |
| 1992 | 8.04 | 0.97 | 13.72 % | 16.16 | 1.56 | 10.68 % |
| 1993 | 8.78 | 0.74 | 9.2 % | 17.44 | 1.28 | 7.92 % |
| 1994 | 9.37 | 0.59 | 6.72 % | 18.32 | 0.88 | 5.05 % |
| 1995 | 9.57 | 0.2 | 2.13 % | 19.04 | 0.72 | 3.93 % |
| 1996 | 9.87 | 0.3 | 3.13 % | 20.17 | 1.13 | 5.93 % |
| 1997 | 10.68 | 0.81 | 8.21 % | 21.85 | 1.68 | 8.33 % |
| 1998 | 11.58 | 0.9 | 8.43 % | 23.72 | 1.87 | 8.56 % |
| 1999 | 12.13 | 0.55 | 4.75 % | 24.99 | 1.27 | 5.35 % |
| 2000 | 12.3 | 0.17 | 1.4 % | 26.25 | 1.26 | 5.04 % |
| 2001 | 12.5 | 0.2 | 1.63 % | 27 | 0.75 | 2.86 % |
| 2002 | 12.99 | 0.49 | 3.92 % | 28.03 | 1.03 | 3.81 % |
| 2003 | 13.69 | 0.7 | 5.39 % | 29.79 | 1.76 | 6.28 % |
| 2004 | 15.01 | 1.32 | 9.64 % | 32.89 | 3.1 | 10.41 % |
| 2005 | 16.37 | 1.36 | 9.06 % | 36.36 | 3.47 | 10.55 % |
| 2006 | 18.14 | 1.77 | 10.81 % | 40.72 | 4.36 | 11.99 % |
| 2007 | 21.3 | 3.16 | 17.42 % | 46.84 | 6.12 | 15.03 % |
| 2008 | 25.16 | 3.86 | 18.12 % | 52.44 | 5.6 | 11.96 % |
| 2009 | 27.12 | 1.96 | 7.79 % | 53.42 | 0.98 | 1.87 % |
| 2010 | 29.44 | 2.32 | 8.55 % | 57.22 | 3.8 | 7.11 % |
| 2011 | 34.69 | 5.25 | 17.83 % | 65.01 | 7.79 | 13.61 % |
| 2012 | 40.43 | 5.74 | 16.55 % | 73.74 | 8.73 | 13.43 % |
| 2013 | 45.6 | 5.17 | 12.79 % | 84.42 | 10.68 | 14.48 % |
| 2014 | 49.92 | 4.32 | 9.47 % | 95.45 | 11.03 | 13.07 % |
| 2015 | 54.09 | 4.17 | 8.35 % | 108.46 | 13.01 | 13.63 % |
| 2016 | 57.91 | 3.82 | 7.06 % | 122.51 | 14.05 | 12.95 % |
| 2017 | 62.2 | 4.29 | 7.41 % | 137.74 | 15.23 | 12.43 % |
| 2018 | 67.29 | 5.09 | 8.18 % | 135.26 | -2.48 | -1.8 % |
| 2019 | 69.72 | 2.43 | 3.61 % | 140.65 | 5.39 | 3.98 % |
| 2020 | 57.09 | -12.63 | -18.12 % | 116.05 | -24.6 | -17.49 % |
| 2021 | 67.41 | 10.32 | 18.08 % | 134.44 | 18.39 | 15.85 % |
| 2022 | 76.52 | 9.11 | 13.51 % | 159.46 | 25.02 | 18.61 % |
| 2023 | 83.38 | 6.86 | 8.96 % | 177.36 | 17.9 | 11.23 % |