Panama GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Panama's gdp growth was 4.00% in 2025, ranked 55th globally. This represents a 45.6% increase from 2024. Data from World Bank, covering 1961–2025.
Overview
Panama's gdp growth stood at 4.00% in 2025, a rise of +1.25pp from 2024. The IMF projects 4.00% by 2025. Panama ranked 55th globally.
Panama's GDP growth, as recorded by the World Bank, has been marked by significant fluctuations over the 65-year period from 1961 to 2025. The country experienced an all-time peak of 16.47% in 2021, a year after emerging from the pandemic-induced recession that led to a record low of -17.82% in 2020. Since then, Panama's GDP growth has rebounded, albeit at a slower pace, with a latest recorded value of 4.00% in 2025, ranking 55th globally. This growth rate is comparable to that of peer countries such as Saudi Arabia, which recorded a growth rate of 4.02% in 2025. The country's economic trajectory has been influenced by its strategic location and growing trade relationships, which have contributed to its resilience in the face of global economic shocks. A sustained recovery in global trade and investment, particularly in the tourism and logistics sectors, is likely to boost Panama's GDP growth in the coming years.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 4.00% | - | - |
| 2029* IMF | 4.00% | - | - |
| 2028* IMF | 4.00% | - | - |
| 2027* IMF | 4.00% | - | - |
| 2026* IMF | 4.00% | - | - |
| 2025* IMF | 4.00% | - | - |
| 2025 | 4.00% | +1.25pp | #55 |
| 2024 | 2.75% | −4.42pp | #117 |
| 2023 | 7.17% | −3.87pp | #17 |
| 2022 | 11.04% | −5.43pp | #15 |
| 2021 | 16.47% | +34.29pp | #10 |
| 2020 | -17.82% | −20.92pp | #200 |
| 2019 | 3.10% | −0.59pp | #94 |
| 2018 | 3.92% | −1.69pp | #79 |
| 2017 | 5.74% | +0.80pp | #36 |
| 2016 | 4.57% | −1.17pp | #58 |
| 2015 | 5.27% | +0.21pp | #39 |
| 2014 | 4.63% | −4.42pp | #65 |
| 2013 | 6.32% | −1.33pp | #35 |
| 2012 | 9.63% | −1.66pp | #11 |
| 2011 | 11.91% | +6.09pp | #8 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's gdp growth was 4.00% in 2025. Ranked 55th globally. This represents a 45.6% increase from the previous year.
Panama's gdp growth peaked at 16.47% in 2021.
The lowest gdp growth in Panama was -17.82% in 2020.
Panama ranks 55th globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
Panama's gdp growth is projected to reach 4.00% by 2025 based on IMF projection.
The gdp growth of Panama in 2025 was 4.00%. This ranks 55th in the world.
Cite this page
@misc{historysaid_panama_gdp-growth,
title = {Panama GDP Growth},
url = {https://historysaid.com/panama/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}