Panama Annual GDP Growth Table
Source: WorldbankGrowth | Growth Capita
In 2024, Panama experienced a significant a decrease in its GDP growth rate, which fall to 2.748% from 7.166% in 2023. Additionally, the GDP per capita growth rate in Panama decrease to 1.455% in 2024, compared to 5.773% in 2023.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 10.927% | 10.93% | 7.688% | 7.69% |
| 1962 | 8.245% | -2.68% | 5.036% | -2.65% |
| 1963 | 8.539% | 0.29% | 5.295% | 0.26% |
| 1964 | 4.432% | -4.11% | 1.312% | -3.98% |
| 1965 | 9.16% | 4.73% | 5.927% | 4.62% |
| 1966 | 7.581% | -1.58% | 4.426% | -1.50% |
| 1967 | 8.553% | 0.97% | 5.407% | 0.98% |
| 1968 | 6.977% | -1.58% | 3.923% | -1.48% |
| 1969 | 8.441% | 1.46% | 5.386% | 1.46% |
| 1970 | 6.959% | -1.48% | 3.977% | -1.41% |
| 1971 | 9.616% | 2.66% | 6.586% | 2.61% |
| 1972 | 4.583% | -5.03% | 1.73% | -4.86% |
| 1973 | 5.364% | 0.78% | 2.546% | 0.82% |
| 1974 | 2.448% | -2.92% | -0.237% | -2.78% |
| 1975 | 1.741% | -0.71% | -0.87% | -0.63% |
| 1976 | 1.664% | -0.08% | -0.884% | -0.01% |
| 1977 | 1.094% | -0.57% | -1.382% | -0.50% |
| 1978 | 9.793% | 8.70% | 7.159% | 8.54% |
| 1979 | 4.515% | -5.28% | 2.041% | -5.12% |
| 1980 | 13.084% | 8.57% | 10.428% | 8.39% |
| 1981 | 9.207% | -3.88% | 6.652% | -3.78% |
| 1982 | 5.348% | -3.86% | 2.892% | -3.76% |
| 1983 | -4.491% | -9.84% | -6.711% | -9.60% |
| 1984 | 2.709% | 7.20% | 0.337% | 7.05% |
| 1985 | 4.942% | 2.23% | 2.552% | 2.22% |
| 1986 | 3.568% | -1.37% | 1.249% | -1.30% |
| 1987 | -1.809% | -5.38% | -3.969% | -5.22% |
| 1988 | -13.38% | -11.57% | -15.253% | -11.28% |
| 1989 | 1.562% | 14.94% | -0.591% | 14.66% |
| 1990 | 8.099% | 6.54% | 5.82% | 6.41% |
| 1991 | 9.419% | 1.32% | 7.121% | 1.30% |
| 1992 | 8.202% | -1.22% | 5.96% | -1.16% |
| 1993 | 5.456% | -2.75% | 3.288% | -2.67% |
| 1994 | 2.85% | -2.61% | 0.752% | -2.54% |
| 1995 | 1.752% | -1.10% | -0.303% | -1.06% |
| 1996 | 4.08% | 2.33% | 1.996% | 2.30% |
| 1997 | 7.709% | 3.63% | 5.565% | 3.57% |
| 1998 | 8.387% | 0.68% | 6.244% | 0.68% |
| 1999 | 5.212% | -3.18% | 3.148% | -3.10% |
| 2000 | 4.209% | -1.00% | 2.182% | -0.97% |
| 2001 | 0.95% | -3.26% | -0.996% | -3.18% |
| 2002 | 2.509% | 1.56% | 0.55% | 1.55% |
| 2003 | 5.097% | 2.59% | 3.105% | 2.56% |
| 2004 | 8.176% | 3.08% | 6.134% | 3.03% |
| 2005 | 8.276% | 0.10% | 6.254% | 0.12% |
| 2006 | 9.857% | 1.58% | 7.839% | 1.59% |
| 2007 | 13.153% | 3.30% | 11.097% | 3.26% |
| 2008 | 10.197% | -2.96% | 8.209% | -2.89% |
| 2009 | 1.612% | -8.59% | -0.205% | -8.41% |
| 2010 | 6.073% | 4.46% | 4.198% | 4.40% |
| 2011 | 11.909% | 5.84% | 9.94% | 5.74% |
| 2012 | 9.627% | -2.28% | 7.71% | -2.23% |
| 2013 | 6.324% | -3.30% | 4.488% | -3.22% |
| 2014 | 4.626% | -1.70% | 2.831% | -1.66% |
| 2015 | 5.267% | 0.64% | 3.461% | 0.63% |
| 2016 | 4.572% | -0.70% | 2.78% | -0.68% |
| 2017 | 5.744% | 1.17% | 3.948% | 1.17% |
| 2018 | 3.918% | -1.83% | 2.194% | -1.75% |
| 2019 | 3.103% | -0.82% | 1.476% | -0.72% |
| 2020 | -17.821% | -20.92% | -18.942% | -20.42% |
| 2021 | 16.467% | 34.29% | 15.07% | 34.01% |
| 2022 | 11.039% | -5.43% | 9.642% | -5.43% |
| 2023 | 7.166% | -3.87% | 5.773% | -3.87% |
| 2024 | 2.748% | -4.42% | 1.455% | -4.32% |