GDP Growth Rate
Year -
2.75%
In 2024, Panama experienced a significant a decrease in its GDP growth rate, which fall to 2.75% from 7.17% in 2023. Additionally, the GDP per capita growth rate in Panama decrease to 1.46% in 2024, compared to 5.77% in 2023.
In 2024, Panama experienced a decrease in economic performance, with the GDP growth rate falling by 4.42%. Additionally, the GDP per capita growth rate decrease by 4.31%.
| 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% | 5.3% | 0.26% |
| 1964 | 4.43% | -4.11% | 1.31% | -3.99% |
| 1965 | 9.16% | 4.73% | 5.93% | 4.62% |
| 1966 | 7.58% | -1.58% | 4.43% | -1.50% |
| 1967 | 8.55% | 0.97% | 5.41% | 0.98% |
| 1968 | 6.98% | -1.57% | 3.92% | -1.49% |
| 1969 | 8.44% | 1.46% | 5.39% | 1.47% |
| 1970 | 6.96% | -1.48% | 3.98% | -1.41% |
| 1971 | 9.62% | 2.66% | 6.59% | 2.61% |
| 1972 | 4.58% | -5.04% | 1.73% | -4.86% |
| 1973 | 5.36% | 0.78% | 2.55% | 0.82% |
| 1974 | 2.45% | -2.91% | -0.24% | -2.79% |
| 1975 | 1.74% | -0.71% | -0.87% | -0.63% |
| 1976 | 1.66% | -0.08% | -0.88% | -0.01% |
| 1977 | 1.09% | -0.57% | -1.38% | -0.50% |
| 1978 | 9.79% | 8.70% | 7.16% | 8.54% |
| 1979 | 4.51% | -5.28% | 2.04% | -5.12% |
| 1980 | 13.08% | 8.57% | 10.43% | 8.39% |
| 1981 | 9.21% | -3.87% | 6.65% | -3.78% |
| 1982 | 5.35% | -3.86% | 2.89% | -3.76% |
| 1983 | -4.49% | -9.84% | -6.71% | -9.60% |
| 1984 | 2.71% | 7.20% | 0.34% | 7.05% |
| 1985 | 4.94% | 2.23% | 2.55% | 2.21% |
| 1986 | 3.57% | -1.37% | 1.25% | -1.30% |
| 1987 | -1.81% | -5.38% | -3.97% | -5.22% |
| 1988 | -13.38% | -11.57% | -15.25% | -11.28% |
| 1989 | 1.56% | 14.94% | -0.59% | 14.66% |
| 1990 | 8.1% | 6.54% | 5.82% | 6.41% |
| 1991 | 9.42% | 1.32% | 7.12% | 1.30% |
| 1992 | 8.2% | -1.22% | 5.96% | -1.16% |
| 1993 | 5.46% | -2.74% | 3.29% | -2.67% |
| 1994 | 2.85% | -2.61% | 0.75% | -2.54% |
| 1995 | 1.75% | -1.10% | -0.3% | -1.05% |
| 1996 | 4.08% | 2.33% | 2% | 2.30% |
| 1997 | 7.71% | 3.63% | 5.56% | 3.56% |
| 1998 | 8.39% | 0.68% | 6.24% | 0.68% |
| 1999 | 5.21% | -3.18% | 3.15% | -3.09% |
| 2000 | 4.21% | -1.00% | 2.18% | -0.97% |
| 2001 | 0.95% | -3.26% | -1% | -3.18% |
| 2002 | 2.51% | 1.56% | 0.55% | 1.55% |
| 2003 | 5.1% | 2.59% | 3.1% | 2.55% |
| 2004 | 8.18% | 3.08% | 6.13% | 3.03% |
| 2005 | 8.28% | 0.10% | 6.25% | 0.12% |
| 2006 | 9.86% | 1.58% | 7.84% | 1.59% |
| 2007 | 13.15% | 3.29% | 11.1% | 3.26% |
| 2008 | 10.2% | -2.95% | 8.21% | -2.89% |
| 2009 | 1.61% | -8.59% | -0.21% | -8.42% |
| 2010 | 6.07% | 4.46% | 4.2% | 4.41% |
| 2011 | 11.91% | 5.84% | 9.94% | 5.74% |
| 2012 | 9.63% | -2.28% | 7.71% | -2.23% |
| 2013 | 6.32% | -3.31% | 4.49% | -3.22% |
| 2014 | 4.63% | -1.69% | 2.83% | -1.66% |
| 2015 | 5.27% | 0.64% | 3.46% | 0.63% |
| 2016 | 4.57% | -0.70% | 2.78% | -0.68% |
| 2017 | 5.74% | 1.17% | 3.95% | 1.17% |
| 2018 | 3.92% | -1.82% | 2.19% | -1.76% |
| 2019 | 3.1% | -0.82% | 1.48% | -0.71% |
| 2020 | -17.82% | -20.92% | -18.94% | -20.42% |
| 2021 | 16.47% | 34.29% | 15.07% | 34.01% |
| 2022 | 11.04% | -5.43% | 9.64% | -5.43% |
| 2023 | 7.17% | -3.87% | 5.77% | -3.87% |
| 2024 | 2.75% | -4.42% | 1.46% | -4.31% |