Panama's gross capital formation (current LCU) was 29.01 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 29.48% from 22.41 billion in 2014 (2.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 29.01 billion | 2024 |
| Five years earlier | 26.56 billion | 2019 |
| Ten years earlier | 22.41 billion | 2014 |
| Highest | 31.42 billion | 2023 |
| Lowest | 114.49 million | 1960 |
| Average since 2015 | 25.12 billion | 2015–2024 |
| First recorded | 114.49 million |
What the numbers say
In 2024, Panama's gross capital formation (current LCU) fell 7.7% on 2023 (from 31.42 billion to 29.01 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +10.9% and a typical year strayed about 21.6% from that (the standard deviation). This year's change was 0.9 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 197.2% in 1990 and the biggest yearly fall was 64.7% in 1988. 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 there is no clear straight-line trend: a straight line explains 7% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 22nd highest value of the 38 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
- Tajikistan — 19th of 38: 50.51 billion
- Vanuatu — 20th of 38: 40.35 billion
- Maldives — 21st of 38: 33.47 billion
- Eswatini — 23rd of 38: 13.33 billion
- Oman — 24th of 38: 10.24 billion
- Faroe Islands — 25th of 38: 7.87 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 29,014,933,700 |
| 2023 | 31,423,599,100 |
| 2022 | 27,421,576,700 |
| 2021 | 21,094,352,600 |
| 2020 | 13,668,462,400 |
| 2019 | 26,563,093,700 |
| 2018 | 27,733,774,200 |
| 2017 | 26,686,068,200 |
| 2016 | 24,061,116,600 |
| 2015 | 23,571,026,500 |
Gross capital formation (current LCU) in nearby economies
- Argentina — 136.58 trillion (2025)
- Aruba — 1.92 billion (2024)
- Bahamas, The — 4.24 billion (2024)
- Belize — 1.27 billion (2024)
- Bolivia — 68.06 billion (2024)
- Brazil — 2.18 trillion (2025)
- Chile — 81.79 trillion (2025)
- Colombia — 309.96 trillion (2025)
- Costa Rica — 8.18 trillion (2025)
- Cuba — 262.66 billion (2024)
- Curaçao
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 gross capital formation (current LCU)?
- 29.01 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 25,243% from 114.49 million in 1960 (9.03% a year on average, compounded). The highest value was 31.42 billion in 2023 and the lowest 114.49 million in 1960.
- How does Panama rank?
- 22nd highest of 38 economies with data for 2024.
- Is the latest change in gross capital formation (current LCU) unusual for Panama?
- In 2024, Panama's gross capital formation (current LCU) fell 7.7% on 2023 (from 31.42 billion to 29.01 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.9% and a typical year strayed about 21.6% from that (the standard deviation). This year's change was 0.9 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 NE.GDI.TOTL.CN, 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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