GDP Growth Rate
Year -
7.32%
In 2023, Panama experienced a significant a decrease in its GDP growth rate, which fall to 7.32% from 10.81% in 2022. Additionally, the GDP per capita growth rate in Panama decrease to 5.89% in 2023, compared to 9.37% in 2022.
In 2023, Panama experienced a decrease in economic performance, with the GDP growth rate falling by 3.49%. Additionally, the GDP per capita growth rate decrease by 3.48%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 10.93% | 10.93% | 7.69% | 7.69% |
| 1962 | 8.24% | -2.69% | 5.04% | -2.65% |
| 1963 | 8.54% | 0.30% | 5.28% | 0.24% |
| 1964 | 4.43% | -4.11% | 1.3% | -3.98% |
| 1965 | 9.16% | 4.73% | 5.9% | 4.60% |
| 1966 | 7.58% | -1.58% | 4.4% | -1.50% |
| 1967 | 8.55% | 0.97% | 5.38% | 0.98% |
| 1968 | 6.98% | -1.57% | 3.9% | -1.48% |
| 1969 | 8.44% | 1.46% | 5.37% | 1.47% |
| 1970 | 6.96% | -1.48% | 3.98% | -1.39% |
| 1971 | 9.62% | 2.66% | 6.6% | 2.62% |
| 1972 | 4.58% | -5.04% | 1.74% | -4.86% |
| 1973 | 5.36% | 0.78% | 2.55% | 0.81% |
| 1974 | 2.45% | -2.91% | -0.22% | -2.77% |
| 1975 | 1.74% | -0.71% | -0.85% | -0.63% |
| 1976 | 1.66% | -0.08% | -0.86% | -0.01% |
| 1977 | 1.09% | -0.57% | -1.35% | -0.49% |
| 1978 | 9.79% | 8.70% | 7.2% | 8.55% |
| 1979 | 4.51% | -5.28% | 2.08% | -5.12% |
| 1980 | 13.08% | 8.57% | 10.47% | 8.39% |
| 1981 | 9.21% | -3.87% | 6.69% | -3.78% |
| 1982 | 5.35% | -3.86% | 2.93% | -3.76% |
| 1983 | -4.49% | -9.84% | -6.69% | -9.62% |
| 1984 | 2.71% | 7.20% | 0.36% | 7.05% |
| 1985 | 4.94% | 2.23% | 2.58% | 2.22% |
| 1986 | 3.57% | -1.37% | 1.27% | -1.31% |
| 1987 | -1.81% | -5.38% | -3.96% | -5.23% |
| 1988 | -13.38% | -11.57% | -15.25% | -11.29% |
| 1989 | 1.56% | 14.94% | -0.59% | 14.66% |
| 1990 | 8.1% | 6.54% | 5.83% | 6.42% |
| 1991 | 9.42% | 1.32% | 7.14% | 1.31% |
| 1992 | 8.2% | -1.22% | 5.98% | -1.16% |
| 1993 | 5.46% | -2.74% | 3.31% | -2.67% |
| 1994 | 2.85% | -2.61% | 0.77% | -2.54% |
| 1995 | 1.75% | -1.10% | -0.3% | -1.07% |
| 1996 | 4.08% | 2.33% | 1.99% | 2.29% |
| 1997 | 6.46% | 2.38% | 4.34% | 2.35% |
| 1998 | 7.34% | 0.88% | 5.21% | 0.87% |
| 1999 | 3.92% | -3.42% | 1.87% | -3.34% |
| 2000 | 2.72% | -1.20% | 0.71% | -1.16% |
| 2001 | 0.57% | -2.15% | -1.37% | -2.08% |
| 2002 | 2.23% | 1.66% | 0.26% | 1.63% |
| 2003 | 4.21% | 1.98% | 2.22% | 1.96% |
| 2004 | 7.52% | 3.31% | 5.48% | 3.26% |
| 2005 | 7.19% | -0.33% | 5.16% | -0.32% |
| 2006 | 8.65% | 1.46% | 6.63% | 1.47% |
| 2007 | 11.98% | 3.33% | 9.93% | 3.30% |
| 2008 | 9.86% | -2.12% | 7.85% | -2.08% |
| 2009 | 1.24% | -8.62% | -0.58% | -8.43% |
| 2010 | 5.83% | 4.59% | 3.95% | 4.53% |
| 2011 | 11.31% | 5.48% | 9.35% | 5.40% |
| 2012 | 9.78% | -1.53% | 7.84% | -1.51% |
| 2013 | 6.9% | -2.88% | 5.04% | -2.80% |
| 2014 | 5.07% | -1.83% | 3.25% | -1.79% |
| 2015 | 5.73% | 0.66% | 3.91% | 0.66% |
| 2016 | 4.95% | -0.78% | 3.15% | -0.76% |
| 2017 | 5.59% | 0.64% | 3.79% | 0.64% |
| 2018 | 3.69% | -1.90% | 1.96% | -1.83% |
| 2019 | 3.28% | -0.41% | 1.64% | -0.32% |
| 2020 | -17.67% | -20.95% | -18.85% | -20.49% |
| 2021 | 15.84% | 33.51% | 14.32% | 33.17% |
| 2022 | 10.81% | -5.03% | 9.37% | -4.95% |
| 2023 | 7.32% | -3.49% | 5.89% | -3.48% |