Panama GDP Per Capita (2026)
Panama has a service-driven Central American economy supported by the Panama Canal, logistics, banking, transportation, construction, tourism, trade, and international business. GDP per capita provides a useful measure of how the country’s substantial commercial activity compares with its relatively small population. Explore Panama’s latest GDP per capita data, historical trends, growth patterns, and economic comparisons below.
GDP Per Capita 2026
$20,564
Est. in USD
World Rank
#59
Out of 195 countries
Change vs 2025
+3.8%
+$750
North America Rank
#7
Out of 23 countries
1. Panama GDP Per Capita in 2026
Panama’s GDP per capita reflects economic production generated for each resident within an economy strongly connected to logistics, shipping, finance, construction, and trade. Adjusting total GDP for population provides a standardized measure that helps compare Panama with countries of different sizes. The indicator also shows how its role as an international transport and business hub translates into output per person.
2. Panama GDP Per Capita Growth (1980–2026)
3. Panama GDP Per Capita (Historical Data)
| Year | GDP Per Capita (USD) | Annual Change |
|---|---|---|
| 2026 | $20,564 | +3.8% |
| 2025 | $19,814 | +3.3% |
| 2024 | $19,187 | +1.9% |
| 2023 | $18,822 | +8.2% |
| 2022 | $17,400 | +12.0% |
| 2021 | $15,538 | +16.5% |
| 2020 | $13,336 | -19.4% |
| 2019 | $16,540 | +2.2% |
| 2018 | $16,187 | +3.1% |
| 2017 | $15,697 | +6.0% |
| 2016 | $14,803 | +5.5% |
| 2015 | $14,028 | +6.7% |
| 2014 | $13,142 | +7.8% |
| 2013 | $12,192 | +11.0% |
| 2012 | $10,982 | +14.6% |
| 2011 | $9,584 | +16.1% |
| 2010 | $8,256 | +6.9% |
| 2009 | $7,720 | +6.2% |
| 2008 | $7,270 | +16.4% |
| 2007 | $6,248 | +14.3% |
| 2006 | $5,467 | +10.2% |
| 2005 | $4,961 | +8.1% |
| 2004 | $4,591 | +8.9% |
| 2003 | $4,216 | +4.2% |
| 2002 | $4,045 | +2.4% |
| 2001 | $3,950 | +0.4% |
| 2000 | $3,935 | +0.6% |
| 1999 | $3,913 | +3.7% |
| 1998 | $3,773 | +7.3% |
| 1997 | $3,515 | +7.2% |
| 1996 | $3,280 | +15.5% |
| 1995 | $2,840 | +0.2% |
| 1994 | $2,835 | +4.4% |
| 1993 | $2,715 | +7.0% |
| 1992 | $2,538 | +11.3% |
| 1991 | $2,281 | +7.6% |
| 1990 | $2,119 | +6.5% |
| 1989 | $1,989 | -1.8% |
| 1988 | $2,026 | -15.4% |
| 1987 | $2,394 | -1.7% |
| 1986 | $2,435 | +1.7% |
| 1985 | $2,395 | +3.5% |
| 1984 | $2,315 | +2.0% |
| 1983 | $2,269 | +0.3% |
| 1982 | $2,262 | +7.9% |
| 1981 | $2,096 | +10.5% |
| 1980 | $1,897 | — |
4. Panama GDP Per Capita Growth
1-Year Change
+3.8%
(2025 to 2026)
5-Year Change
+32.3%
(2021 to 2026)
10-Year Change
+38.9%
(2016 to 2026)
20-Year Change
+276.1%
(2006 to 2026)
Panama’s GDP per capita has generally increased as logistics, canal activity, infrastructure, finance, construction, and services have expanded. Global trade volumes, investment, tourism, inflation, population growth, and international financial conditions can influence annual movements. Historical data helps show how Panama’s service-led development has translated into changes in economic output per resident.
5. Panama GDP Per Capita vs North America and World
Panama
$20,564
North America Average
$30,373
World Average
$25,179
$0
$15,186
$30,373
USD
Panama’s GDP per capita is approximately
32.3%
below the
North America average
and
18.3%
below the world average.
6. Panama GDP Per Capita Ranking in North America
| Rank | Country | GDP Per Capita (USD) |
|---|---|---|
| #4 | Barbados | $29,020 |
| #5 | Antigua and Barbuda | $22,448 |
| #6 | Saint Kitts & Nevis | $22,146 |
| #7 | Panama | $20,564 |
| #8 | Costa Rica | $20,299 |
| #9 | Trinidad and Tobago | $18,616 |
| #10 | Cuba | $18,329 |
7. GDP vs GDP Per Capita in Panama
Panama GDP (Nominal)
$95.0 Billion
(2026)
Panama GDP Per Capita
$20,564
(2026)
Panama’s total GDP measures the overall value of economic activity generated across the country, while GDP per capita adjusts that output for population. Total GDP highlights Panama’s role as a regional logistics and financial hub, whereas GDP per capita provides a population-adjusted measure of production per resident. Both indicators together provide useful context on economic scale and performance.
Explore more:
Panama GDP
8. Panama GDP Per Capita Forecast
| Year | GDP Per Capita (USD) | Change |
|---|---|---|
| 2027 | $21,664 | +5.3% |
| 2028 | $22,824 | +5.4% |
| 2029 | $24,094 | +5.6% |
| 2030 | $25,692 | +6.6% |
Panama GDP per capita is projected to reach $25,692 by 2030, representing a 24.9% increase from the 2026 level.
9. Panama GDP Per Capita: Key Findings
Panama GDP per capita is estimated at $20,564 in 2026.
It ranks #59 globally and #7 in North America.
GDP per capita increased by 3.8% compared with 2025.
Over the last 5 years, GDP per capita grew by 32.3%.
Over the last 10 years, GDP per capita grew by 38.9%.
It is approximately 32.3% below the North America average.
It is approximately 18.3% below the world average.
The forecast reaches $25,692 by 2030, 24.9% above the 2026 level.
10. What Is GDP Per Capita?
GDP per capita is the total economic output of a country divided by its population.
GDP Per Capita
=
GDP
÷
Population
It helps measure the average economic output per person and is widely used to compare economic performance across countries. Higher values generally indicate greater economic output per resident.
11. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Sources:
World Bank,
United Nations
Population Source:
UN Population Division
Currency:
Current USD (Nominal)
Update Frequency:
Annually
Last Updated:
September 2026
12. Panama GDP Per Capita FAQs
Panama GDP per capita is estimated at $20,564 in 2026.
Panama ranks #59 globally and #7 in North America by GDP per capita.
Yes. GDP per capita increased by approximately 3.8% compared with 2025.
Panama GDP per capita was approximately $14,028 in 2015.
Panama GDP per capita is approximately 32.3% below the North America average.
14. Explore GDP Per Capita
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.