A nation’s economy refers to the macroeconomic indicators of the country. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. Value & Rank The GDP per Capita (PPP) of Panama is 16,500 ($) with a global rank of 77. The analysed country is : Panama. Download historical data for 20 million indicators using your browser. 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. Panama: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Panama from 1990 to 2019. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. The lowest data : 1980 is the lowest year for the indicator : GDP per capita (US $). The latest value from 2019 is 11910.16 U.S. dollars. Area Future growth will be bolstered by the Panama Canal expansion project that began in 2007 and was completed in 2016 at a cost of $5.3 billion - about 10-15% of current GDP. Panama GDP Value was 66.8 USD Billion in 2020. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. GDP Per Capita (US$) 15,089 (2017) World Ranking 56/192. The value for GNI per capita (current LCU) in Panama was 14,356.39 as of 2018. The print marked the sharpest fall on record. Iceland and Qatar … Panama's transportation and logistics services sectors, along … Panama: GDP/cap growth, 5 years (%). - … 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. 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. Near-term outlook. 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 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. In 2019, GDP per capita based on PPP for Panama was 33,004 international dollars. Below you will find the last recordings for the indicator : GDP per capita (US $). Data cited at: World Economic Outlook, October 2020, The International Monetary Fund. Publish your articles and forecasts in our website. Panama was traditionally known for trade, as its strategic geographic position making the country a hotspot for international maritime trade. GDP per capita (current LCU) - Panama. 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. Panama: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Panama from 1990 to 2019. The latest value from 2019 is 31458.69 U.S. dollars. Forest area (% of total land area) n.a. 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. IMF GDP per capita estimate for 2019 for the different countries in the four regions of Americas is as follows. Photos, statistics and additional rankings of Panama. Panama gni per capita for 2018 was $14,420, a 4.87% increase from 2017. World Bank national accounts data, and OECD National Accounts data files. Panama has no house price statistics. 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. Label. Panama GDP per capita PPP - values, historical data and charts - was last updated on November of … The percentage change in GDP per capita for the latest 5 years for which data is published. 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. Publish your articles and forecasts in our website. GDP is the total value of all goods and services produced in a country in a year. Panama gni per capita for 2017 was $13,750, a 7.59% increase from 2016. Republic. Over the past 58 years, the value for this indicator has fluctuated between $15,575.07 in 2018 and $474.09 in 1960. The Panamanian economy … Fossil fuel energy consumption (% of total energy consumption) n.a. 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. The latest value from 2019 is 11910.16 U.S. dollars. Forest area, change (%) n.a. Pop. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Population 4,176,873. Direct access to our calendar releases and historical data. 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. The World Economic Outlook forecasts that Panama’s per capita GDP will surpass Chile’s in 2019. 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. IMF staff estimates potential growth in Panama at 5 ½ percent. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. 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. 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 for 2016 was $57.91B, a 7.05% increase from 2015. (see Data FAQs) Source: IMF World Economic Outlook Database. Help us improve this site Help / Feedback. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Panama - BNP per capita PPP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. By midyear population include operating the Panama Canal, banking, the international Monetary Fund World Ranking.... Gdp divided by midyear panama gdp per capita high GDP-per-capita figures ) 2007 at 12.1 % % in 2020 soon... 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