Latin America & Caribbean
🇵🇦 Panama
Real-time economic and demographic statistics for Panama
GDP
#80
of 214
Population
#130
of 217
GDP per Capita
#77
of 214
GDP Growth
#69
of 214
Share of World
0.08%
of world GDP
Income Level
High income
Panama GDP (2015–2024)
+2.86%annual growth
Chart data: 2015: 55,767,806,100 USD, 2016: 59,760,858,700 USD, 2017: 64,327,688,800 USD, 2018: 67,316,471,200 USD, 2019: 69,778,991,200 USD, 2020: 57,059,846,500 USD, 2021: 67,396,392,500 USD, 2022: 76,276,116,700 USD, 2023: 83,318,176,900 USD, 2024: 86,260,400,000 USD
Demographics
4.5M
Population
+1.27%annual growth
Labor Market
6.52%
Unemployment Rate
-0.03ppannual change
Verified: Nov 2025
Economics
+0.69%
Inflation Rate
-0.79ppannual change
Frequently Asked Questions
- What is Panama's GDP?
- Panama's GDP is approximately $86.3 billion (2024, representing 0.1% of world GDP), making it the #80 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Panama's population?
- Panama has a population of approximately 4.5M — the #130 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Panama's GDP per capita?
- Panama's GDP per capita is approximately $19,103, ranking #77 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Panama's economy growing?
- Panama's economy is currently growing at approximately 2.9% per year, ranking #69 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Panama in?
- Panama is located in the Latin America & Caribbean region and is classified as a high income economy by the World Bank. This classification is based on gross national income (GNI) per capita.
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