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Unit ( Billions of US dollars )
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According to the latest statistics released by the World Bank in 2024, the gross domestic product(GDP) of Panama in 2021 was $63.61 billion, ranking 79th in the world and 13th in the Americas. In 2020, Panama's GDP was $53.98 billion, ranking 83rd in the world and 15th in the Americas. In 2019, Panama's GDP was $66.98 billion, ranking 78th in the world and 14th in the Americas. In 2018, Panama's GDP was $64.93 billion, ranking 78th in the world and 14th in the Americas. Panama's GDP growth rates in 2021, 2020, 2019 and 2018 were 17.84%, -19.42%, 3.16% and 4.38% respectively.
| Year | GDP | Share of World GDP |
|---|---|---|
| 2021 | $63.61 billion | 0.0662% |
| 2020 | $53.98 billion | 0.0636% |
| 2019 | $66.98 billion | 0.0764% |
| 2018 | $64.93 billion | 0.0751% |
| 2017 | $62.2 billion | 0.0764% |
| 2016 | $57.91 billion | 0.0757% |
| 2015 | $54.09 billion | 0.072% |
| 2014 | $49.92 billion | 0.0626% |
| 2013 | $45.6 billion | 0.0588% |
| 2012 | $40.43 billion | 0.0536% |
| 2011 | $34.69 billion | 0.047% |
| 2010 | $29.44 billion | 0.0442% |
| 2009 | $27.12 billion | 0.0446% |
| 2008 | $25.16 billion | 0.0392% |
| 2007 | $21.3 billion | 0.0365% |
| 2006 | $18.14 billion | 0.035% |
| 2005 | $16.37 billion | 0.0343% |
| 2004 | $15.01 billion | 0.034% |
| 2003 | $13.69 billion | 0.035% |
| 2002 | $12.99 billion | 0.0372% |
| 2001 | $12.5 billion | 0.0372% |
| 2000 | $12.3 billion | 0.0364% |
| 1999 | $12.13 billion | 0.0371% |
| 1998 | $11.58 billion | 0.0367% |
| 1997 | $10.68 billion | 0.0338% |
| 1996 | $9.87 billion | 0.0311% |
| 1995 | $9.57 billion | 0.0308% |
| 1994 | $9.37 billion | 0.0336% |
| 1993 | $8.78 billion | 0.034% |
| 1992 | $8.04 billion | 0.0317% |
| 1991 | $7.08 billion | 0.0298% |
| 1990 | $6.43 billion | 0.0282% |
| 1989 | $5.92 billion | 0.0293% |
| 1988 | $5.9 billion | 0.0305% |
| 1987 | $6.83 billion | 0.0395% |
| 1986 | $6.8 billion | 0.0447% |
| 1985 | $6.54 billion | 0.0509% |
| 1984 | $6.18 billion | 0.0504% |
| 1983 | $5.92 billion | 0.05% |
| 1982 | $5.77 billion | 0.0497% |
| 1981 | $5.22 billion | 0.0445% |
| 1980 | $4.61 billion | 0.0407% |
| 1979 | $3.71 billion | 0.0369% |
| 1978 | $3.25 billion | 0.0375% |
| 1977 | $2.74 billion | 0.0373% |
| 1976 | $2.59 billion | 0.0398% |
| 1975 | $2.44 billion | 0.0407% |
| 1974 | $2.19 billion | 0.0408% |
| 1973 | $1.91 billion | 0.0411% |
| 1972 | $1.67 billion | 0.0438% |
| 1971 | $1.52 billion | 0.046% |
| 1970 | $1.35 billion | 0.0451% |
| 1969 | $1.22 billion | 0.0445% |
| 1968 | $1.11 billion | 0.0448% |
| 1967 | $1.03 billion | 0.0449% |
| 1966 | $0.93 billion | 0.0429% |
| 1965 | $0.85 billion | 0.0427% |
| 1964 | $0.78 billion | 0.0424% |
| 1963 | $0.72 billion | 0.0433% |
| 1962 | $0.65 billion | 0.0421% |
| 1961 | $0.6 billion | 0.0414% |
| 1960 | $0.54 billion | 0.0386% |