GDP (Gross Domestic Product): Panama

Analysis# Panama GDP (Gross Domestic Product) Panama's GDP reached $95.905 billion in 2026, marking its all-time peak. Since 1980, when the economy stood at just $4.255 billion, Panama has expanded by 2,153.9%—a remarkable transformation reflecting decades of economic development. The country now ranks among Latin America's stronger performers, with consistent growth underpinning regional trade and investment flows. The 2020 contraction to $57.06 billion stands out as a critical disruption, likely driven by pandemic-related disruptions to the critical Panama Canal sector. Recovery proved swift: growth resumed in 2021 and accelerated through 2023–2026, with GDP climbing $38.845 billion in just six years. Current momentum suggests continued expansion, positioning Panama as a key economic engine in Central America.