Panama: GDP per capita, constant 2010 dollars: For that indicator, we provide data for Panama from 1960 to 2019. ... Panama: 14,090 53 Value & Rank The GDP per Capita (PPP) of Panama is 16,500 ($) with a global rank of 77. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP per capita (current LCU) - Panama. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. Panama has the highest GDP per capita in Central America and Uruguay has the highest GDP per capita in South America. 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. Panama GDP Value was 66.8 USD Billion in 2020. 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. 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. GDP plunged 38.4% year-on-year in the second quarter, after logging 0.4% growth in the first quarter. The official currency used in the country is known as the Panamanian Balboa. 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. 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. 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. 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. Its per capita GDP per capita of $20,300. Latin American countries by GDP per capita PPP (2019). Online tool for visualization and analysis. Figure 1. Panama gdp growth rate for 2016 was 4.95%, a 0.78% decline from 2015. 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. The latest value from 2019 is 11910.16 U.S. dollars. Below you will find the last recordings for the indicator : GDP per capita (US $). Panama. GDP Per Capita (US$) 15,089 (2017) World Ranking 56/192. In 2019, GDP per capita for Panama was 15,834 US dollars. Direct access to our calendar releases and historical data. (82.4%) its 2005 income per capita, reaching US $22,192 at purchasing-parity levels3. Therefore, these figures should be used with caution. The following table shows the main economic indicators in 1980–2017. Forest area (% of total land area) n.a. places rich in Oil & Gas reserves tend to have high GDP-per-capita figures). Country. Most Recent Year. Many of leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. 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 gni per capita for 2016 was $12,780, a 4.75% increase from 2015. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Near-term outlook. The print marked the sharpest fall on record. Central America – Panama … Panama: GDP per capita, constant 2010 dollars: For that indicator, we provide data for Panama from 1960 to 2019. CSV XML EXCEL. Panama: GDP/cap growth, 5 years (%). Panama Economic Profile; GDP (US$ Billion) 61.84 (2017) World Ranking 74/192. Panama has a GDP of $44.69 billion, the third largest of any country in Central America. PIB per cápita, PPA ($ a precios internacionales actuales) - Panama from The World Bank: Data Panama gdp growth rate for 2018 was 3.69%, a 1.91% decline from 2017. 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. 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 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 gni per capita for 2017 was $13,750, a 7.59% increase from 2016. Panama has some very basic financial statistics at the Superintendencia de Bancos de Panam'. 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. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Download historical data for 20 million indicators using your browser. Aruba has the highest GDP PPP per capita among the Caribbean islands. ... GDP Per Capita, PPP $25,628. 2000 60 80 Panama GNI per capita, Atlas method (current US$) 2000 Thousand 0 16 Panama Statistical Capacity score (Overall average) Degraded land (% of total land area) n.a. $24,500 (2016 est.) 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. The World Economic Outlook forecasts that Panama’s per capita GDP will surpass Chile’s in 2019. 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. Panama gdp growth rate for 2019 was 3.01%, a 0.69% decline from 2018. 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. 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. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Photos, statistics and additional rankings of Panama. IMF GDP per capita estimate for 2019 for the different countries in the four regions of Americas is as follows. 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 . Panama: GDP per capita. The percentage change in GDP per capita for the latest 5 years for which data is published. 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. 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. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Panama gdp growth rate for 2017 was 5.60%, a 0.65% increase from 2016. The Bahamas has the highest GDP per capita among the Caribbean islands. Panama's dollarized economy rests primarily on a well-developed services sector that accounts for three-quarters of GDP. - … The Trading Economics Application Programming Interface (API) provides direct access to our data. Panama: The GDP (gross domestic product) in Panama is forecast to amount to US$84.84bn in 2024. 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. With a decline of more than $40k, GDP per capita of Macao SAR will down by 50% in 2020. (see Data FAQs) Source: IMF World Economic Outlook Database. The latest value for GDP per capita (current US$) in Panama was $15,575.07 as of 2018. It is calculated without making deductions for depreciation of fabricated assets or for … Panama GDP (Gross Domestic Product) was INT$93.85billion for 2019 in PPP terms. Most Recent Value. 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). World Bank national accounts data, and OECD National Accounts data files. License: CC BY-4.0 Line Bar Map. World Bank national accounts data, and OECD National Accounts data files. Structure of Panama GDP: … GDP is the total value of all goods and services produced in a country in a year. The reduction in poverty was driven by a 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. Iceland and Qatar … ... GDP per capita (USD) 11910 Dec/19: 11755: 2139 : 11910: Yearly: GDP per capita … Panama GDP per capita PPP - values, historical data and charts - was last updated on November of … Panama has no house price statistics. Current Panama Real GDP Per Capita is 10,982.37 USD. The latest value from 2019 is 11910.16 U.S. dollars. Publish your articles and forecasts in our website. In 2019, GDP per capita based on PPP for Panama was 33,004 international dollars. 15,834 (US dollars) in 2019 In 2019, GDP per capita for Panama was 15,834 US dollars. density (per km2, 2020) 58: Capital city : Panama City: Capital city pop. 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. 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. Help us improve this site Help / Feedback. Definition: GDP per capita is gross domestic product divided by midyear population. Panama was traditionally known for trade, as its strategic geographic position making the country a hotspot for international maritime trade. All Countries and Economies. The analysed country is : Panama. 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