Panama
GDP growth in Panama
GDP growth in Panama: 4.5% a year in 1980 and 4.4% a year in 2025, by IMF estimates.
- Latest, 2025
- 4.4% a year
- Since 1980
- −0.2 percentage points
- Rank, 2025
- 49 of 143
- counting from the highest
- Projected, 2031
- 4.5% a year
- IMF projection (World Economic Outlook, October 2026)
% a year · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 4.5% a year in 2031.
- The highest was 16.5% a year in 2021, the lowest -17.8% a year in 2020.
Every year
% a year · IMF
| Year | Panama |
|---|---|
| 2025 | 4.4 |
| 2024 | 2.7 |
| 2023 | 7.2 |
| 2022 | 11 |
| 2021 | 16.5 |
| 2020 | -17.8 |
| 2019 | 3.1 |
| 2018 | 3.9 |
| 2017 | 5.7 |
| 2016 | 4.6 |
| 2015 | 5.3 |
| 2014 | 4.6 |
| 2013 | 6.3 |
| 2012 | 9.6 |
| 2011 | 11.9 |
| 2010 | 6.1 |
| 2009 | 1.6 |
| 2008 | 10.2 |
| 2007 | 13.2 |
| 2006 | 9.9 |
| 2005 | 8.3 |
| 2004 | 8.2 |
| 2003 | 5.1 |
| 2002 | 2.5 |
| 2001 | 1 |
| 2000 | 4.2 |
| 1999 | 5.2 |
| 1998 | 8.4 |
| 1997 | 7.7 |
| 1996 | 7.4 |
| 1995 | 1.8 |
| 1994 | 2.8 |
| 1993 | 5.5 |
| 1992 | 8.2 |
| 1991 | 9.4 |
| 1990 | 8.1 |
| 1989 | 1.6 |
| 1988 | -13.4 |
| 1987 | -1.8 |
| 1986 | 3.6 |
| 1985 | 4.9 |
| 1984 | 2.7 |
| 1983 | -4.5 |
| 1982 | 5.3 |
| 1981 | 9.2 |
| 1980 | 4.5 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Panama |
|---|---|
| 2026 | 5 |
| 2027 | 4.2 |
| 2028 | 4.6 |
| 2029 | 4.8 |
| 2030 | 4.6 |
| 2031 | 4.5 |
Good to know
- How much the economy grew or shrank in a year, after inflation.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 143 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Panama in numbers
Every measure for Panama on one page
Health
People
Economy
Education
Politics
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Military
- Military spending0% of GDP in 2025
- Military spending in US dollars$0 in 2025
- Military spending per person$0 in 2025
- Military share of state spending0% of government spending in 2025
- Armed forces personnel28,000 people in 2020
- National power0.03% of world capability in 2022
- Armed forces, share of workers1.33% of the labour force in 2020
- Arms imports2 million TIV in 1989
- Arms exports1 million TIV in 2019