Panama 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$87.06 billion
↑ 4.50% vs 2023GDP per Capita
$19,526.56
↑ 4.50% vs 2023GDP Growth (Annual %)
4.50%
↓ 2.90pp vs 2023Inflation Rate (CPI %)
0.69%
↓ 0.80pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $83.32 billion | $87.06 billion | +4.50% |
| GDP per Capita | $18,686.41 | $19,526.56 | +4.50% |
| GDP Growth (Annual %) | 7.40% | 4.50% | -2.90pp |
| Inflation (CPI %) | 1.49% | 0.69% | -0.80pp |
| Unemployment Rate (%) | 6.54% | 6.52% | -0.03pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $87.06 billion
- GDP per Capita
- $19,526.56
- GDP Growth (Annual %)
- 4.50%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 0.69%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 6.52%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Panama's Gross Domestic Product (GDP) is $87.06 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Panama for 2024 is $19,526.56. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Panama for 2024 is 0.69%. This measures the annual percentage change in the cost of consumer goods and services.
Panama's annual GDP growth rate for 2024 is 4.50%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Panama for 2024 is 6.52%. This represents the percentage of the labor force that is unemployed and actively seeking employment.