Panama's gross fixed capital formation, private sector (current LCU) was 21.98 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 30.56% from 16.84 billion in 2014 (2.7% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 21.98 billion | 2024 |
| Five years earlier | 21.51 billion | 2019 |
| Ten years earlier | 16.84 billion | 2014 |
| Highest | 22.74 billion | 2023 |
| Lowest | 55.62 million | 1960 |
| Average since 2015 | 19.62 billion | 2015–2024 |
| First recorded | 55.62 million |
What the numbers say
In 2024, Panama's gross fixed capital formation, private sector (current LCU) fell 3.3% on 2023 (from 22.74 billion to 21.98 billion).
Across the 30 yearly changes before that (1977 to 2023), the average change was +15.4% and a typical year strayed about 32.9% from that (the standard deviation). This year's change was 0.6 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 77.6% in 1990 and the biggest yearly fall was 70.6% 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 3% 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 11th highest value of the 13 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
- Bhutan — 7th of 13: 99.52 billion
- Turkmenistan — 8th of 13: 39.24 billion
- Zimbabwe — 9th of 13: 37.29 billion
- Bahrain — 11th of 13: 4.71 billion
- Kosovo — 12th of 13: 2.54 billion
- Timor-Leste — 13th of 13: 132.96 million
What this measures
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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 49 values
| Year | Gross fixed capital formation, private sector (current LCU) |
|---|---|
| 2024 | 21,983,479,000 |
| 2023 | 22,736,409,200 |
| 2022 | 20,545,856,100 |
| 2021 | 16,663,334,200 |
| 2020 | 12,097,859,700 |
| 2019 | 21,514,223,200 |
| 2018 | 22,037,325,400 |
| 2017 | 21,507,797,500 |
| 2016 | 18,254,478,800 |
| 2015 | 18,818,425,600 |
Gross fixed capital formation, private sector (current LCU) in nearby economies
- Chile — 76.24 trillion (2025)
- Costa Rica — 7.22 trillion (2025)
- Dominican Republic — 1.74 trillion (2023)
- Ecuador — 18.61 billion (2023)
- El Salvador — 8.85 billion (2025)
- Guatemala — 144.11 billion (2025)
- Haiti — 463.8 billion (2025)
- Honduras — 203.88 billion (2025)
- Mexico — 6.77 trillion (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
Questions people ask
- What is Panama's gross fixed capital formation, private sector (current LCU)?
- 21.98 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 39,427% from 55.62 million in 1960 (9.79% a year on average, compounded). The highest value was 22.74 billion in 2023 and the lowest 55.62 million in 1960.
- How does Panama rank?
- 11th highest of 13 economies with data for 2024.
- Is the latest change in gross fixed capital formation, private sector (current LCU) unusual for Panama?
- In 2024, Panama's gross fixed capital formation, private sector (current LCU) fell 3.3% on 2023 (from 22.74 billion to 21.98 billion). Across the 30 yearly changes before that (1977 to 2023), the average change was +15.4% and a typical year strayed about 32.9% from that (the standard deviation). This year's change was 0.6 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.FPRV.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in