Panama - GDP per capita, PPP (current international $)

The latest value for GDP per capita, PPP (current international $) in Panama was 26,782 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 32,770 in 2019 and 5,042 in 1990.

Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

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Statistical Concept and Methodology: For more information, see the metadata for PPP GDP in current international dollars (NY.GDP.MKTP.PP.CD) and total population (SP.POP.TOTL).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity