Panama: GNI per capita (constant LCU)

Key figures

What the numbers say

In 2024, Panama's GNI per capita (constant LCU) rose 271.18 on 2023 (from 16,986 to 17,257).

Across the 27 yearly changes before that (1997 to 2023), the average change was +418.24 and a typical year strayed about 755.9 from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1,678 in 2022 and the biggest yearly fall was 2,563 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 2015 to 2024 the straight-line trend is upward, about 292.49 a year. A straight line explains 43% 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 2024, Panama had the 34th highest value of the 48 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.

Closest to Panama in the 2024 ranking

• Greece — 31st of 48: 19,250
• Lithuania — 32nd of 48: 18,369
• Slovak Republic — 33rd of 48: 17,837
• Latvia — 35th of 48: 16,381
• Solomon Islands — 36th of 48: 14,587
• Palau — 37th of 48: 14,466

What this measures

Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 29 values

GNI per capita (constant LCU) in nearby economies

• Argentina — 16,951 (2025)
• Bahamas, The — 32,845 (2024)
• Belize — 12,209 (2024)
• Bolivia — 26,428 (2024)
• Brazil — 21,308 (2025)
• Chile — 11.04 million (2025)
• Colombia — 19.75 million (2025)
• Costa Rica — 9.31 million (2025)
• Cuba — 4,987 (2019)
• Dominican Republic — 441,953 (2025)
• Ecuador — 6,344 (2025)

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

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Questions people ask

What is Panama's GNI per capita (constant LCU)?

17,257 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 203.1% from 5,694 in 1996 (4.04% a year on average, compounded). The highest value was 17,257 in 2024 and the lowest 5,694 in 1996.

How does Panama rank?

34th highest of 48 economies with data for 2024.

Is the latest change in GNI per capita (constant LCU) unusual for Panama?

In 2024, Panama's GNI per capita (constant LCU) rose 271.18 on 2023 (from 16,986 to 17,257). Across the 27 yearly changes before that (1997 to 2023), the average change was +418.24 and a typical year strayed about 755.9 from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GNP.PCAP.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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