Panama: GDP, current U.S. dollars

* indicates monthly or quarterly data series
 Panama

Gross Domestic Product, billions of U.S. dollars

 Latest value 83.32
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 18.22
 Min - Max 0.54 - 83.32
 Source The World Bank
The latest value from 2023 is 83.32 billion U.S. dollars, an increase from 76.28 billion U.S. dollars in 2022. In comparison, the world average is 569.16 billion U.S. dollars, based on data from 184 countries. Historically, the average for Panama from 1960 to 2023 is 18.22 billion U.S. dollars. The minimum value, 0.54 billion U.S. dollars, was reached in 1960 while the maximum of 83.32 billion U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Panama - GDP, current U.S. dollars - Recent values chart

Historical series
Panama - GDP, current U.S. dollars - historical chart - 1960-2023




Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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 Related indicators Latest Reference Measure
 Economic growth 7.40 2023 percent
 GDP, constant dollars 72.8 2023 billion U.S. dollars
 GDP, current U.S. dollars 83.32 2023 billion U.S. dollars
 GDP per capita, current dollars 18,686.40 2023 U.S. dollars
 GDP per capita, PPP 35,864 2023 U.S. dollars
 GDP per capita, constant dollars 16,294.03 2023 U.S. dollars
 Economic growth, quarterly 1.96 Q3/2024 percent
 Gross Domestic Product (GDP) 20.99 Q3/2024 billion
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