Nominal GDP in billions of USD
Year -
$86.26 billions(3.53%)
In 2024, Panama witnessed an increase in its Nominal GDP, rising to 86.26 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 186.97 international billion dollars.
Relatedly, in the preceding year of 2023, Panama has Nominal GDP stood at 83.32 billion dollars, while the GDP based on PPP was 177.47 international billion dollars.
The net change in Panama's GDP (Nominal) in 2024 increased by 2.94 billion dollars(3.53%), and GDP (PPP) increased by 9.50 international billion dollars(5.35%).
| 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 % | 12.61 | - | - |
| 1991 | 7.07 | 0.64 | 9.95 % | 14.27 | 1.66 | 13.16 % |
| 1992 | 8.04 | 0.97 | 13.72 % | 15.79 | 1.52 | 10.65 % |
| 1993 | 8.78 | 0.74 | 9.2 % | 17.05 | 1.26 | 7.98 % |
| 1994 | 9.37 | 0.59 | 6.72 % | 17.91 | 0.86 | 5.04 % |
| 1995 | 9.57 | 0.2 | 2.13 % | 18.6 | 0.69 | 3.85 % |
| 1996 | 9.2 | -0.37 | -3.87 % | 17.85 | -0.75 | -4.03 % |
| 1997 | 10.06 | 0.86 | 9.35 % | 19.56 | 1.71 | 9.58 % |
| 1998 | 11.02 | 0.96 | 9.54 % | 21.44 | 1.88 | 9.61 % |
| 1999 | 11.66 | 0.64 | 5.81 % | 22.87 | 1.43 | 6.67 % |
| 2000 | 11.97 | 0.31 | 2.66 % | 24.38 | 1.51 | 6.6 % |
| 2001 | 12.25 | 0.28 | 2.34 % | 25.16 | 0.78 | 3.2 % |
| 2002 | 12.8 | 0.55 | 4.49 % | 26.19 | 1.03 | 4.09 % |
| 2003 | 13.6 | 0.8 | 6.25 % | 28.07 | 1.88 | 7.18 % |
| 2004 | 15.1 | 1.5 | 11.03 % | 31.18 | 3.11 | 11.08 % |
| 2005 | 16.62 | 1.52 | 10.07 % | 34.82 | 3.64 | 11.67 % |
| 2006 | 18.66 | 2.04 | 12.27 % | 39.44 | 4.62 | 13.27 % |
| 2007 | 21.72 | 3.06 | 16.4 % | 45.83 | 6.39 | 16.2 % |
| 2008 | 25.72 | 4 | 18.42 % | 51.48 | 5.65 | 12.33 % |
| 2009 | 27.79 | 2.07 | 8.05 % | 52.63 | 1.15 | 2.23 % |
| 2010 | 30.23 | 2.44 | 8.78 % | 56.51 | 3.88 | 7.37 % |
| 2011 | 35.69 | 5.46 | 18.06 % | 64.54 | 8.03 | 14.21 % |
| 2012 | 41.6 | 5.91 | 16.56 % | 73.2 | 8.66 | 13.42 % |
| 2013 | 46.95 | 5.35 | 12.86 % | 83.87 | 10.67 | 14.58 % |
| 2014 | 51.43 | 4.48 | 9.54 % | 94.87 | 11 | 13.12 % |
| 2015 | 55.77 | 4.34 | 8.44 % | 107.89 | 13.02 | 13.72 % |
| 2016 | 59.76 | 3.99 | 7.15 % | 121.99 | 14.1 | 13.07 % |
| 2017 | 64.33 | 4.57 | 7.65 % | 137.44 | 15.45 | 12.66 % |
| 2018 | 67.32 | 2.99 | 4.65 % | 135.3 | -2.14 | -1.56 % |
| 2019 | 69.78 | 2.46 | 3.65 % | 140.76 | 5.46 | 4.04 % |
| 2020 | 57.06 | -12.72 | -18.23 % | 115.99 | -24.77 | -17.6 % |
| 2021 | 67.4 | 10.34 | 18.12 % | 134.42 | 18.43 | 15.89 % |
| 2022 | 76.28 | 8.88 | 13.18 % | 159.51 | 25.09 | 18.67 % |
| 2023 | 83.32 | 7.04 | 9.23 % | 177.47 | 17.96 | 11.26 % |
| 2024 | 86.26 | 2.94 | 3.53 % | 186.97 | 9.5 | 5.35 % |