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Panama GDP per Capita

Panama's GDP per capita rose to $17,137.35 in 2024, up from $16,872.88 in 2023, according to World Bank. This represents an increase of 1.6% ($264.47) from the previous year. Panama has GDP per capita higher than the global median ($17,137 vs median $6,791). Compared with the median in Americas, Panama is higher ($17,137 vs regional median $12,667) and ranks 18th out of 43 countries in Americas.

Panama's GDP rose to $86.26 billion in 2024, up from $83.32 billion in 2023.

Yearly Historical Data (1960-2024)

(in USD)
Year GDP per Capita (USD)
2024 17,137.35
2023 16,872.88
2022 15,917.43
2021 14,552.94
2020 12,647.08
2019 15,602.54
2018 15,375.64
2017 15,045.55
2016 14,474.12
2015 14,082.65
2014 13,611.55
2013 13,236.83
2012 12,668.29
2011 11,761.5
2010 10,698.07
2009 10,267.06
2008 10,288.15
2007 9,507.65
2006 8,557.98
2005 7,935.87
2004 7,468.77
2003 7,037.08
2002 6,825.18
2001 6,787.86
2000 6,856.15
1999 6,709.72
1998 6,504.97
1997 6,122.65
1996 5,799.89
1995 6,280.46
1994 6,299.54
1993 6,252.49
1992 6,053.47
1991 5,712.99
1990 5,333.22
1989 5,039.88
1988 5,069.86
1987 5,982.34
1986 6,229.62
1985 6,152.78
1984 5,999.68
1983 5,979.52
1982 6,409.69
1981 6,229.53
1980 5,840.96
1979 5,289.38
1978 5,183.57
1977 4,837.27
1976 4,905.04
1975 4,948.8
1974 4,992.25
1973 5,004.09
1972 4,879.85
1971 4,796.88
1970 4,500.46
1969 4,328.32
1968 4,107.1
1967 3,952.07
1966 3,749.34
1965 3,590.44
1964 3,389.55
1963 3,345.65
1962 3,177.4
1961 3,025.06
1960 2,809.1
Panama GDP per Capita : Definition
GDP per Capita measures total economic output for Panama divided by the number of people, adjusted to 2015 prices and measured in US dollars.
Indicator Last Value Prior Value Period
GDP $86.26B $83.32B 2024
GDP Annual Growth Rate 2.86% 7.4% 2024
GDP per Capita PPP $36,426.01 $35,863.88 2024
R&D Expenditure (% GDP) 0.16% 0.18% 2023
Real GDP $77.39B $75.23B 2024