Revenue, excluding grants (current LCU), annual growth rate in Panama

Panama: Revenue, excluding grants (current LCU), annual growth rate was -8.01 % change on previous year in 2024. ◆ Volatile

Latest (2024)
-8.01 % change on previous year
Change on year
down 182.3%
World rank
147th
of 156 countries
All-time high
19.6 % change on previous year
in 2022
All-time low
-20.5 % change on previous year
in 2020
Years of data
10
2015–2024

Revenue, excluding grants (current LCU), annual growth rate in Panama, 2015–2024

-20-10010202015201920242015: 5 % change on previous year2016: 6.1 % change on previous year2017: 14.1 % change on previous year2018: 2.6 % change on previous year2019: -7 % change on previous year2020: -20.5 % change on previous year2021: 16.8 % change on previous year2022: 19.6 % change on previous year2023: 9.7 % change on previous year2024: -8 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2024, revenue, excluding grants (current lcu), annual growth rate in Panama stood at -8.01 % change on previous year.

That represents a change of down 182.3% on the previous year and down 259.5% over ten years.

Over the whole period, revenue, excluding grants (current lcu), annual growth rate in Panama peaked at 19.6 % change on previous year in 2022 and was at its lowest, -20.5 % change on previous year, in 2020.

Panama ranks 147th of 156 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Revenue, excluding grants (current LCU), annual growth rate in Panama, year by year

Annual values for Revenue, excluding grants (current LCU), annual growth rate in Panama, 2015 to 2024.
Year % change on previous year Change
2015 5.03 % change on previous year
2016 6.08 % change on previous year +21.0%
2017 14.08 % change on previous year +131.5%
2018 2.65 % change on previous year -81.2%
2019 -6.98 % change on previous year -363.6%
2020 -20.5 % change on previous year +193.7%
2021 16.75 % change on previous year -181.7%
2022 19.6 % change on previous year +17.0%
2023 9.74 % change on previous year -50.3%
2024 -8.01 % change on previous year -182.3%

Averages by decade

DecadeAverage LowestHighest Years
2010s 4.17 % change on previous year -6.98 % change on previous year 14.08 % change on previous year 5
2020s 3.52 % change on previous year -20.5 % change on previous year 19.6 % change on previous year 5

Countries ranked near Panama

  1. 144 Cambodia -2.4 % change on previous year compare
  2. 145 Mali -3.46 % change on previous year compare
  3. 146 Eswatini -4.01 % change on previous year compare
  4. 148 Palau -9.26 % change on previous year compare
  5. 149 Jamaica -11.44 % change on previous year compare
  6. 150 United Arab Emirates -12.88 % change on previous year compare

See the full ranking of 156 places →

More public sector data for Panama

All data for Panama →

Frequently asked questions

What is revenue, excluding grants (current lcu), annual growth rate in Panama?
Revenue, excluding grants (current lcu), annual growth rate in Panama was -8.01 % change on previous year in 2024, according to Statizoid (derived).
What is the highest revenue, excluding grants (current lcu), annual growth rate recorded in Panama?
The highest recorded value was 19.6 % change on previous year in 2022.
What is the lowest revenue, excluding grants (current lcu), annual growth rate recorded in Panama?
The lowest recorded value was -20.5 % change on previous year in 2020.
How does Panama rank for revenue, excluding grants (current lcu), annual growth rate?
Panama ranks 147th out of 156 countries with data for 2024.
Is revenue, excluding grants (current lcu), annual growth rate rising or falling in Panama?
Over the last ten years it is down 259.5%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from Statizoid (derived), published as part of Revenue, excluding grants (current LCU), annual growth rate. Statizoid updates them automatically from the source API.

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Revenue, excluding grants (current LCU), annual growth rate in Panama. Statizoid, drawing on Statizoid (derived). Retrieved 24 August 2026, from https://public-sector.statizoid.com/stat/revenue-excluding-grants-current-lcu-annual-growth-rate/panama/

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How this figure is calculated

The year-on-year percentage change in Revenue, excluding grants (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Revenue, excluding grants (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
156 places, 4,444 data points, 1973–2024
Last refreshed

The year-on-year percentage change in Revenue, excluding grants (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.