The official currency used in the country is known as the Panamanian Balboa. IMF GDP per capita estimate for 2019 for the different countries in the four regions of Americas is as follows. With a decline of more than $40k, GDP per capita of Macao SAR will down by 50% in 2020. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Definition: GDP per capita is gross domestic product divided by midyear population. Current Panama Real GDP Per Capita is 10,982.37 USD. GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. The economy was severely hit by the pandemic-related restrictions imposed in late March, which were only gradually eased from mid-May … A nation’s economy refers to the macroeconomic indicators of the country. Panama gdp growth rate for 2016 was 4.95%, a 0.78% decline from 2015. 1990-2019 Data | 2020-2022 Forecast | Historical | Chart. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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. Port cities soon cropped up along Panama’s coast, where trade between native Panamanians and Spaniards flourished. 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. ... GDP per capita (USD) 11910 Dec/19: 11755: 2139 : 11910: Yearly: GDP per capita … Panama gni per capita for 2017 was $13,750, a 7.59% increase from 2016. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Structure of Panama GDP: … This page provides - Panama GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama’s economy has experienced consistent growth in the recent past, with the growth rate being highest in 2007 at 12.1%. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. S&P Upgrades Panama's Credit Rating to 'BBB+', Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia.According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. (000, 2020) 1 821.7 b,c: UN membership date : 13-Nov-45: Surface area (km2) 75 320 a: Sex ratio (m per 100 f) 100.2 : National currency : Balboa (PAB) Exchange rate (per US$) 1 c: Economic indicators. Area GDP per capita (constant 2010 US$) GDP per capita (current LCU) GDP per capita (current US$) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. Panama: GDP/cap growth, 5 years (%). World Bank national accounts data, and OECD National Accounts data files. 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. Its per capita GDP per capita of $20,300. GDP per capita > PPP > Constant 2000 international $: GDP per capita based on purchasing power parity (PPP). Value & Rank The GDP per Capita (PPP) of Panama is 16,500 ($) with a global rank of 77. Panama has a GDP of $44.69 billion, the third largest of any country in Central America. It is calculated without making deductions for depreciation of fabricated assets or for … Photos, statistics and additional rankings of Panama. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Most Recent Year. The following table shows the main economic indicators in 1980–2017. In 2019, GDP per capita based on PPP for Panama was 33,004 international dollars. Panama: GDP per capita. Direct access to our calendar releases and historical data. PIB per cápita, PPA ($ a precios internacionales actuales) - Panama from The World Bank: Data 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. 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. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. See how Panama ranks in US News Best Countries. In 2019, GDP per capita for Panama was 15,834 US dollars. Panama Economic Profile; GDP (US$ Billion) 61.84 (2017) World Ranking 74/192. Below you will find the last recordings for the indicator : Primary education - Expenditure per student (% of GDP per capita) : Panama. Pop. 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. The table below gives an overview of the strengths and weaknesses of Panama in the GII 2020. ... Panama: 14,090 53 $25,400 (2017 est.) Panama: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Panama from 1990 to 2019. 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. 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 growth rate for 2017 was 5.60%, a 0.65% increase from 2016. Panama: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Panama from 1990 to 2019. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart. Label. Panama GDP Value was 66.8 USD Billion in 2020. 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. 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. The analysed country is : Panama. World Bank national accounts data, and OECD National Accounts data files. Panama GDP Value was 66.8 USD Billion in 2020. This is a list of Latin American and Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund 's estimates in the October 2018 World Economic Outlook database. 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