Panama: Gross Domestic Product (GDP)
* indicates monthly or quarterly data series
The most recent value is 19.42 billion Panamanian Balboa as of Q2 2024, a decline compared to the previous value of 21.7 billion Panamanian Balboa. Historically, the average for Panama from Q1 2013 to Q2 2024 is 15.84 billion Panamanian Balboa. The minimum of 10.32 billion Panamanian Balboa was recorded in Q2 2020, while the maximum of 22.98 billion Panamanian Balboa was reached in Q4 2023.
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* indicates monthly or quarterly data series
- Measure: billion Panamanian Balboa
- Source: National Institute of Statistics and Census of Panama
| Recent values | Panama: GDP, billion currency units |
|---|---|
| 2024 Q2 | 19.42 |
| 2024 Q1 | 21.7 |
| 2023 Q4 | 22.98 |
| 2023 Q3 | 20.57 |
| 2023 Q2 | 18.74 |
| 2023 Q1 | 21.03 |
| 2022 Q4 | 21.66 |
| 2022 Q3 | 18.69 |
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Definition: The Gross Domestic Product (GDP) is the sum of the 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. The data are in billion local currency units using current prices.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 7.32 | 2023 | percent |
| GDP, constant dollars | 72.8 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 83.38 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 18,661.77 | 2023 | U.S. dollars |
| GDP per capita, PPP | 35,780 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 16,294.03 | 2023 | U.S. dollars |
| Economic growth, quarterly | 2.49 | Q2/2024 | percent |
| Gross Domestic Product (GDP) | 19.42 | Q2/2024 | billion |