Real GDP Growth: Panama
Panama's real gdp growth is currently 4.0% as of 2026. # Panama Real GDP Growth Panama's real GDP growth stands at 4% in 2026, representing a moderate recovery from recent volatility.
Current (2026)
4.0%
+0.0% y/y
Peak (2021)
16.5%
Low (2020)
-17.8%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Real GDP Growth — Panama
1980 — 2026
Real GDP Growth — Panama
Analysis# Panama Real GDP Growth
Panama's real GDP growth stands at 4% in 2026, representing a moderate recovery from recent volatility. The nation has experienced dramatic swings since 1980, reaching an all-time peak of 16.5% in 2021 while plummeting to -17.8% in 2020. Over the full 50-year period, Panama's cumulative growth trajectory declined 11.1%, reflecting both periods of robust expansion and severe contraction.
The 2020 collapse and subsequent 2021 rebound marked a critical inflection point, driven largely by pandemic disruptions and recovery dynamics. Following the extraordinary 16.5% growth in 2021, expansion has moderated considerably, declining from 11% in 2022 to 2.7% in 2024 before stabilizing around 4% through 2026. This normalization suggests the economy has moved past pandemic-era volatility, settling into a more sustainable mid-single-digit growth pattern.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 4.0% | +0.00% |
| 2029 | 4.0% | +0.00% |
| 2028 | 4.0% | +0.00% |
| 2027 | 4.0% | +0.00% |
| 2026 | 4.0% | +0.00% |
| 2025 | 4.0% | +48.15% |
| 2024 | 2.7% | -62.50% |
| 2023 | 7.2% | -34.55% |
| 2022 | 11.0% | -33.33% |
| 2021 | 16.5% | +192.70% |
| 2020 | -17.8% | -674.19% |
| 2019 | 3.1% | -16.22% |
| 2018 | 3.7% | -33.93% |
| 2017 | 5.6% | +14.29% |
| 2016 | 4.9% | -14.04% |
| 2015 | 5.7% | +11.76% |
| 2014 | 5.1% | -43.33% |
| 2013 | 9.0% | +18.42% |
| 2012 | 7.6% | -32.74% |
| 2011 | 11.3% | +94.83% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 5.8% | +346.15% |
| 2009 | 1.3% | -86.87% |
| 2008 | 9.9% | -18.85% |
| 2007 | 12.2% | +43.53% |
| 2006 | 8.5% | +18.06% |
| 2005 | 7.2% | -4.00% |
| 2004 | 7.5% | +74.42% |
| 2003 | 4.3% | +95.45% |
| 2002 | 2.2% | +266.67% |
| 2001 | 0.6% | -77.78% |
| 2000 | 2.7% | -30.77% |
| 1999 | 3.9% | -47.30% |
| 1998 | 7.4% | +15.63% |
| 1997 | 6.4% | -13.51% |
| 1996 | 7.4% | +311.11% |
| 1995 | 1.8% | -35.71% |
| 1994 | 2.8% | -49.09% |
| 1993 | 5.5% | -32.93% |
| 1992 | 8.2% | -12.77% |
| 1991 | 9.4% | +16.05% |
| 1990 | 8.1% | +406.25% |
| 1989 | 1.6% | +111.94% |
| 1988 | -13.4% | -644.44% |
| 1987 | -1.8% | -150.00% |
| 1986 | 3.6% | -26.53% |
| 1985 | 4.9% | +81.48% |
| 1984 | 2.7% | +160.00% |
| 1983 | -4.5% | -184.91% |
| 1982 | 5.3% | -42.39% |
| 1981 | 9.2% | +104.44% |
| 1980 | 4.5% | — |
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