Panama: economy and key statistics
Panama is number 82 in the 311 Nations Index, with a GDP of $90.5 billion in 2025. GDP per person is $19,790. The economy grew by 4.4% in 2025. Unemployment is 8.4%. The economy is 70% services, 25% industry, 3% agriculture.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Panama is number 111 in the 311 National Power Index, scoring 29.9 out of 100: economic 57, technology 16, military 0 and human capital 54.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $90.5 billion | 2025 |
| GDP (purchasing power) | $200.7 billion | 2025 |
| GDP per person | $19,790 | 2025 |
| Economic growth | +4.4% | 2025 |
| Inflation | -0.2% | 2025 |
| Unemployment | 8.4% | 2025 |
| Population | 4.6 million | 2025 |
| Labour force | 2.3 million | 2025 |
| Services share of GDP | 70% | 2025 |
| Industry share of GDP | 25% | 2025 |
| Manufacturing share of GDP | 5% | 2025 |
| Agriculture share of GDP | 3% | 2025 |
| Exports share of GDP | 44% | 2024 |
| Foreign direct investment | 1.0% of GDP | 2025 |
| High-tech share of manufactured exports | 2% | 2024 |
| R&D spending | 0.20% of GDP | 2024 |
| Internet users | 73% of people | 2024 |
Main export industries
Panama exported goods worth about $1.2bn in 2024. Its biggest export industries:
- Fish and crustaceans, molluscs and other aquatic invertebrates: $0.2bn (16.7% of goods exports)
- Fruit and nuts, edible: $0.2bn (15.9% of goods exports)
- Animal, vegetable or microbial fats and oils and their cleavage products: $0.1bn (9.2% of goods exports)
- Natural, cultured pearls: $0.1bn (5.9% of goods exports)
- Iron and steel: $0.1bn (5.0% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in North America
- United States (#1)
- Canada (#10)
- Mexico (#14)
- Puerto Rico (US) (#65)
- Dominican Republic (#66)
- Guatemala (#68)
- Costa Rica (#74)
- Honduras (#105)
- El Salvador (#109)
- Haiti (#112)
- Trinidad and Tobago (#122)
- Jamaica (#125)
- Nicaragua (#128)
- Bahamas (#142)
- Bermuda (#153)
Questions and answers
How big is the economy of Panama?
Panama had a GDP of $90.5 billion in 2025, ranking number 82 in the 311 Nations Index.
What is GDP per person in Panama?
GDP per person in Panama was $19,790 in 2025.
How fast is the economy of Panama growing?
The economy of Panama grew by 4.4% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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