Panama's adjusted net national income per capita (current US$) was US$11,847 in 2021, the latest year in the World Bank's World Development Indicators. That is up 42.02% from US$8,342 in 2011 (3.57% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$11,847 | 2021 |
| Five years earlier | US$12,432 | 2016 |
| Ten years earlier | US$8,342 | 2011 |
| Highest | US$13,336 | 2019 |
| Lowest | US$810.25 | 1971 |
| Average since 2012 | US$11,790 | 2012–2021 |
| First recorded | US$810.25 |
What the numbers say
In 2021, Panama's adjusted net national income per capita (current US$) rose US$956.48 on 2020 (from US$10,890 to US$11,847).
Across the 30 yearly changes before that (1991 to 2020), the average change was +US$285.92 and a typical year strayed about US$645.47 from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$1,336 in 2011 and the biggest yearly fall was US$2,445 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is upward, about US$244.13 a year. A straight line explains 32% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Panama had the 46th highest value of the 167 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Panama | US$11,847 | 2021 |
| World | US$9,709 | 2021 |
| Latin America & Caribbean | US$6,415 | 2021 |
| High income | US$36,140 | 2021 |
Closest to Panama in the 2021 ranking
- Oman — 43rd of 167: US$12,558
- Seychelles — 44th of 167: US$12,252
- Romania — 45th of 167: US$12,194
- Costa Rica — 47th of 167: US$11,172
- Chile — 48th of 167: US$11,117
- Bulgaria — 49th of 167: US$10,690
What this measures
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 51 values
| Year | Adjusted net national income per capita (current US$) |
|---|---|
| 2021 | 11,847 |
| 2020 | 10,890 |
| 2019 | 13,336 |
| 2018 | 13,209 |
| 2017 | 13,234 |
| 2016 | 12,432 |
| 2015 | 11,973 |
| 2014 | 11,009 |
| 2013 | 10,513 |
| 2012 | 9,459 |
| 2011 |
Adjusted net national income per capita (current US$) in nearby economies
- Argentina — US$9,092 (2021)
- Aruba — US$24,725 (2021)
- Bahamas, The — US$24,896 (2021)
- Barbados — US$14,760 (2021)
- Belize — US$4,881 (2021)
- Bolivia — US$2,657 (2021)
- Brazil — US$5,776 (2021)
- Chile — US$11,117 (2021)
- Colombia — US$5,127 (2021)
- Costa Rica
More economic policy & debt data for Panama
- Total reserves, including gold (current US$) — US$6.24 billion (2025)
- Total reserves, excluding gold (current US$) — US$6.24 billion (2025)
- Gross Value Added (GVA) at basic prices (current US$) — US$88.24 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 88.24 billion (2025)
- GDP (current US$) — US$90.46 billion (2025)
- GDP (current LCU) — 90.46 billion (2025)
- GDP (constant 2015 US$) — US$80.68 billion (2025)
- GDP (constant LCU) — 84.75 billion (2025)
- GDP per capita (current US$) — US$19,790 (2025)
- GDP per capita (current LCU) — 19,790 (2025)
Reading data like this
Questions people ask
- What is Panama's adjusted net national income per capita (current US$)?
- US$11,847 in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is up 1,362% from US$810.25 in 1971 (5.51% a year on average, compounded). The highest value was US$13,336 in 2019 and the lowest US$810.25 in 1971.
- How does Panama rank?
- 46th highest of 167 economies with data for 2021.
- Is the latest change in adjusted net national income per capita (current US$) unusual for Panama?
- In 2021, Panama's adjusted net national income per capita (current US$) rose US$956.48 on 2020 (from US$10,890 to US$11,847). Across the 30 yearly changes before that (1991 to 2020), the average change was +US$285.92 and a typical year strayed about US$645.47 from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNTY.PC.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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