World Bank national accounts data, and OECD National Accounts data files. Photos, statistics and additional rankings of Panama. Value & Rank The GDP per Capita (PPP) of Panama is 16,500 ($) with a global rank of 77. Current Panama Real GDP Per Capita is 10,982.37 USD. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Carbon dioxide emissions (kg per 2010 US$ of GDP) n.a. S&P Upgrades Panama's Credit Rating to 'BBB+', Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. Pop. Panama: GDP/cap growth, 5 years (%). GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. The Panamanian economy … The Panama isthmus provided early Spanish traders with a short route of transporting minerals destined for Spain from Peru. North America – United States $65,112 , Canada $46,213. - … With a decline of more than $40k, GDP per capita of Macao SAR will down by 50% in 2020. DataBank. GDP plunged 38.4% year-on-year in the second quarter, after logging 0.4% growth in the first quarter. Panama GDP (Gross Domestic Product) was INT$93.85billion for 2019 in PPP terms. Its per capita GDP per capita of $20,300. (see Data FAQs) Source: IMF World Economic Outlook Database. GDP - per capita (PPP): This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. See how Panama ranks in US News Best Countries. GDP per capita (current LCU) - Panama. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Panama was traditionally known for trade, as its strategic geographic position making the country a hotspot for international maritime trade. (000, 2020) 1 821.7 b,c: UN membership date : 13-Nov-45: Surface area (km2) 75 320 a: Sex ratio (m per 100 f) 100.2 : National currency : Balboa (PAB) Exchange rate (per US$) 1 c: Economic indicators. 1990-2019 Data | 2020-2022 Forecast | Historical | Chart. Direct access to our calendar releases and historical data. The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia.According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart. Gross domestic product (GDP) per capita in Panama 2024* Gross domestic product (GDP) growth rate in Panama 2021* Panama: Share in global GDP … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. IMF GDP per capita estimate for 2019 for the different countries in the four regions of Americas is as follows. GDP per capita PPP in Panama averaged 18968.20 USD from 1990 until 2019, reaching an all time high of 31458.70 USD in 2019 and a record low of 10728 USD in 1990. GDP per capita is gross domestic product divided by midyear population. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Direct access to our calendar releases and historical data. GDP is the sum of 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 latest value from 2019 is 11910.16 U.S. dollars. Panama gni per capita for 2016 was $12,780, a 4.75% increase from 2015. A nation’s economy refers to the macroeconomic indicators of the country. Latin American countries by GDP per capita PPP (2019). Out of 193 economies, gdp (nominal) per capita of the 29 economies would increase, and 164 economies would decrease in 2020 compared to 2019. Iceland and Qatar … The value for GNI per capita (current LCU) in Panama was 14,356.39 as of 2018. The analysed country is : Panama. Panama gni per capita for 2018 was $14,420, a 4.87% increase from 2017. Fossil fuel energy consumption (% of total energy consumption) n.a. GDP per capita growth (annual %) - Panama. Port cities soon cropped up along Panama’s coast, where trade between native Panamanians and Spaniards flourished. Panama. Before the America’s First Transcontinental Rail… Economic Indicators for Panama including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Panama economy. Services include operating the Panama Canal, logistics, banking, the Colon Free Trade Zone, insurance, container ports, flagship registry, and tourism and Panama is a center for offshore banking. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions (e.g. Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Panama Economic Profile; GDP (US$ Billion) 61.84 (2017) World Ranking 74/192. Structure of Panama GDP: … Panama - GDP per capita (U.S. Panama: The GDP (gross domestic product) in Panama is forecast to amount to US$84.84bn in 2024. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. The following table shows the main economic indicators in 1980–2017. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. 15,834 (US dollars) in 2019 In 2019, GDP per capita for Panama was 15,834 US dollars. The result is: 1,923 $ US. Online tool for visualization and analysis. Panama GDP Value was 66.8 USD Billion in 2020. Panama's transportation and logistics services sectors, along … Over the last 20 years, GDP per capita based on PPP of Panama grew substantially from 8,338 to 33,004 international dollars rising at an increasing annual rate that reached a maximum of 13.06% in 2007 and then decreased to 3.35% in 2019. Panama has the highest GDP PPP per capita in Central America and Chile has the highest GDP PPP per capita in South America. Help us improve this site Help / Feedback. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. 2000 60 80 Panama GNI per capita, Atlas method (current US$) 2000 Thousand 0 16 Panama Statistical Capacity score (Overall average) It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Panama - BNP per capita PPP. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Economic Structure (in terms of GDP composition, 2018) Services (65.13%) Industry (29.16%) Agriculture (2.18%) External Trade (% of GDP) 94.3 (2016) Currency (Period Average) Panamanian Balboa . Publish your articles and forecasts in our website. Most Recent Year. GDP per capita in Panama averaged 5413.45 USD from 1960 until 2019, reaching an all time high of 11910.16 USD in 2019 and a record low of 2139.41 USD in 1960. The Bahamas has the highest GDP per capita among the Caribbean islands. GDP per capita (current US$) - Panama. The latest value from 2019 is 31458.69 U.S. dollars. Strengths Code Indicator name Rank 3.2 General infrastructure 26 3.2.2 Logistics performance* 37 3.2.3 Gross capital formation, % GDP 12 3.3.1 GDP/unit of energy use 7 4.1.1 Ease of getting credit* 23 4.1.2 Domestic credit to private sector, % GDP 32 5.3.4 Moreover, Panama performed relatively well during the global financial crisis, including 4.0% growth in 2009 when many other countries in the region suffered a contraction. 1.00 per US$ (2017) Political System. Panama gdp growth rate for 2019 was 3.01%, a 0.69% decline from 2018. Nominal GDP per capita in Panama was (in balboas or US dollars) 11,691 in 2002, 13,099 in 2004, 14,004 in 2005 (Prelim), 15,141.9 in 2006 (est), as reported by Office of Statistics and Census, Government of Panama. Image … This page provides - Panama GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Structure of Panama GDP: … ... GDP Per Capita, PPP $25,628. GDP per capita > PPP > Constant 2000 international $: GDP per capita based on purchasing power parity (PPP). GDP is the total value of all goods and services produced in a country in a year. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. Download historical data for 20 million indicators using your browser. North America – United States $65,112 , Canada $50,725. The GDP per Capita in Panama is equivalent to 94 percent of the world's average. The Trading Economics Application Programming Interface (API) provides direct access to our data. Panama GDP Per Capita table by year, historic, and current data. Republic. The World Economic Outlook forecasts that Panama’s per capita GDP will surpass Chile’s in 2019. Near-term outlook. World Bank national accounts data, and OECD National Accounts data files. The average value for Panama during that period was 5413.45 U.S. dollars with a minimum of 2139.41 U.S. dollars in 1960 and a maximum of 11910.16 U.S. dollars in 2019. Panama gdp for 2017 was $62.22B, a 7.45% increase from 2016. Panama gni per capita for 2017 was $13,750, a 7.59% increase from 2016. Panama has the highest GDP per capita in Central America and Uruguay has the highest GDP per capita in South America. Definition: GNI per capita is gross national income divided by midyear population. The economy was severely hit by the pandemic-related restrictions imposed in late March, which were only gradually eased from mid-May … Figure 1. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. The reduction in poverty was driven by a $24,500 (2016 est.) GDP per capita (current LCU) - Panama. Forest area, change (%) n.a. Panama Economy Overview Panama Economic Overview Panama has been one of the fastest growing economies in Latin America over the past decade, with real GDP expanding an average of 8.4% between 2004 and 2013. Panama GDP (Nominal, $USD) 2003-2017 World Bank national accounts data, and OECD National Accounts data files. As the graph below shows, over the past 58 years this indicator reached a maximum value of 14,356.39 in 2018 and a minimum value of 420.98 in 1960. Below you will find the last recordings for the indicator : Primary education - Expenditure per student (% of GDP per capita) : Panama. Panama has a GDP of $44.69 billion, the third largest of any country in Central America. The latest value from 2019 is 31458.69 U.S. dollars. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. Panama. Therefore, these figures should be used with caution. Degraded land (% of total land area) n.a. PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. Global growth is projected at −4.4 percent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook (WEO) Update. Panama: GDP per capita. Panama gdp growth rate for 2017 was 5.60%, a 0.65% increase from 2016. In 2019, GDP per capita based on PPP for Panama was 33,004 international dollars. Panama has some very basic financial statistics at the Superintendencia de Bancos de Panam'. The average value for Panama during that period was 18968.19 U.S. dollars with a minimum of 10728.01 U.S. dollars in 1990 and a maximum of 31458.69 U.S. dollars in 2019. places rich in Oil & Gas reserves tend to have high GDP-per-capita figures). Also Show. Over the last 20 years, GDP per capita of Panama grew substantially from 4,112 to 15,834 US dollars rising at an increasing annual rate that reached a maximum of 16.05% in 2008 and then decreased to 1.11% in 2019. (see Data FAQs) Source: IMF World Economic Outlook Database. License: CC BY-4.0 Line Bar Map. Panama gdp growth rate for 2016 was 4.95%, a 0.78% decline from 2015. Carbon dioxide emissions, per capita (tonnes) n.a. Area Panama’s economy has experienced consistent growth in the recent past, with the growth rate being highest in 2007 at 12.1%. Panama: GDP per capita, constant 2010 dollars: For that indicator, we provide data for Panama from 1960 to 2019. In 2019, GDP per capita for Panama was 15,834 US dollars. Panama GDP per capita PPP - values, historical data and charts - was last updated on November of … World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. IMF GDP PPP per capita estimate for 2019 for the different countries in the four regions of Americas is as follows. S&P Upgrades Panama's Credit Rating to 'BBB+', Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Panama GDP Last Previous Highest Lowest Unit; GDP Annual Growth Rate 0.40: 3.30: 12.20: 0.40: percent: GDP 66.80: 65.13: 66.80: 0.54: USD Billion: GDP per capita 11910.16: 11755.12: 11910.16: 2139.41: USD: GDP per capita PPP 31458.70: 31049.20: 31458.70: 10728.00: USD: GDP Constant Prices PIB per cápita, PPA ($ a precios internacionales actuales) - Panama from The World Bank: Data The percentage change in GDP per capita for the latest 5 years for which data is published. Most Recent Value. Panama has no house price statistics. The official currency used in the country is known as the Panamanian Balboa. GDP per Capita in Panama (with a population of 4,106,769 people) was $11,501 in 2017, an increase of $393 from $11,109 in 2016; this represents a change of 3.5% in GDP per capita. Label. Data cited at: World Economic Outlook, October 2020, The International Monetary Fund. Below you will find the last recordings for the indicator : GDP per capita (US $). Future growth will be bolstered by the Panama Canal expansion project that began in 2007 and was completed in 2016 at a cost of $5.3 billion - about 10-15% of current GDP. The latest value for GDP per capita (current US$) in Panama was $15,575.07 as of 2018. Moreover, Panama performed relatively well during the global financial crisis, including 4.0% growth in 2009 when many other countries in the region suffered a contraction. Panama: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Panama from 1990 to 2019. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. The lowest data : 1980 is the lowest year for the indicator : GDP per capita (US $). Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. GDP per capita (constant 2010 US$) GDP per capita (current LCU) GDP per capita (current US$) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. The average value for Panama during that period was 18968.19 U.S. dollars with a minimum of 10728.01 U.S. dollars in 1990 and a maximum of 31458.69 U.S. dollars in 2019. While the average Panamanian made USD7,987 a year in 2010, this figure had reached USD13,268 in 2015, the most recent year recorded by the World Bank. Panama : Table - GDP per capita (US $) It is calculated without making deductions for depreciation of fabricated assets or for … Current Panama GDP Per Capita is 13,680.24 USD. GDP is the total value of all goods and services produced in a country in a year. Over the past 58 years, the value for this indicator has fluctuated between $15,575.07 in 2018 and $474.09 in 1960. Many of leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. Guyana will add $2054 in 2020, followed by Taiwan Province of China ($1,037), Egypt ($517), Lithuania ($401), and Turkmenistan ($350). Dollars) GDP plunges at record pace in Q2 as Covid-19 restrictions bite. Panama gdp growth rate for 2018 was 3.69%, a 1.91% decline from 2017. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Central America – Panama … The average value for Panama during that period was 5413.45 U.S. dollars with a minimum of 2139.41 U.S. dollars in 1960 and a maximum of 11910.16 U.S. dollars in 2019. Panama Economic Overview Panama has been one of the fastest growing economies in Latin America over the past decade, with real GDP expanding an average of 8.4% between 2004 and 2013. The table below gives an overview of the strengths and weaknesses of Panama in the GII 2020. Over the last 20 years, GDP per capita of Panama grew substantially from 4,112 to 15,834 US dollars rising at an increasing annual rate that reached a maximum of 16.05% in 2008 and then decreased to 1.11% in 2019. Panama: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Panama from 1990 to 2019. Over the last 20 years, GDP per capita based on PPP of Panama grew substantially from 8,338 to 33,004 international dollars rising at an increasing annual rate that reached a maximum of 13.06% in 2007 and then decreased to 3.35% in 2019. This is a list of Latin American and Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund 's estimates in the October 2018 World Economic Outlook database. All Countries and Economies. density (per km2, 2020) 58: Capital city : Panama City: Capital city pop. GDP Per Capita (US$) 15,089 (2017) World Ranking 56/192. GDP per capita levels and growth rates: Panama, 1960-2014 Fast economic growth has been accompanied by a significant reduction in poverty rates and a substantial expansion of the middle class (Figure 2). Aruba has the highest GDP PPP per capita among the Caribbean islands. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Panama Global Economic Prospects examines trends for the world economy and how they affect developing countries. The statistic shows gross domestic product (GDP) per capita in Panama from 1984 to 2024*. The latest value from 2019 is 11910.16 U.S. dollars. Publish your articles and forecasts in our website. The print marked the sharpest fall on record. Panama Real GDP Per Capita chart, historic, and current data. In 2000, per-capita GDP was similar to that in neighboring Costa Rica and Colombia, though well behind the two big Latin American emerging markets, Brazil and Mexico. World Bank national accounts data, and OECD National Accounts data files. CSV XML EXCEL. The Trading Economics Application Programming Interface (API) provides direct access to our data. GDP Constant Prices in Panama decreased to 10634.33 PAB Million in the first quarter of 2020 from 11210.52 PAB Million in the fourth quarter of 2019. source: Instituto Nacional de Estadística y Censo - Panamá 3Y 10Y 25Y ... GDP per capita (USD) 11910 Dec/19: 11755: 2139 : 11910: Yearly: GDP per capita … Definition: GDP per capita is gross domestic product divided by midyear population. Further, if Panama’s economy grows at potential over the next five years, Panama’s per capita GDP will reach US$35,400, which is similar to that of Lithuania, Slovak Republic and Slovenia—all advanced economies. Panama has no house price statistics. In 2019, GDP per capita based on PPP for Panama was 33,004 international dollars. Panama's GDP per capita nearly doubled between 2010 and 201 Panama reported the fastest-growing GDP per capita levels in Latin America between 2010 and 2015, almost doubling in just five years. Panama GDP Value was 66.8 USD Billion in 2020. ... Panama: 14,090 53 (82.4%) its 2005 income per capita, reaching US $22,192 at purchasing-parity levels3. Forest area (% of total land area) n.a. $25,400 (2017 est.) Download historical data for 20 million indicators using your browser. Panama: GDP per capita, constant 2010 dollars: For that indicator, we provide data for Panama from 1960 to 2019. Panama's dollarized economy rests primarily on a well-developed services sector that accounts for three-quarters of GDP. Country. IMF staff estimates potential growth in Panama at 5 ½ percent. GDP $65.1 billion. Panama gdp for 2016 was $57.91B, a 7.05% increase from 2015. Population 4,176,873. : Capital city: Capital city: Capital city pop $ 50,725 land ( % of land. Product divided by midyear population GDP divided by its total population product converted to international dollars 2010:! Services include operating the Panama Canal, banking, the Irish GDP above. 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