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Economy of Jordan vs Panama compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $86.5B for Panama, ranking 90/197 and 78/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $49.6B (57.4% of GDP) in Panama.

Jordan vs Panama GDP by year

Jordan
Panama
1x
Year GDP, current $
Jordan Panama
2024 $53,352,289,577 $86,523,959,132
2023 $51,088,476,338 $83,812,155,244
2022 $48,764,963,380 $76,479,304,471
2021 $46,296,100,141 $67,396,392,506
2020 $43,700,383,099 $57,059,846,522
2019 $44,503,006,338 $69,778,991,193
2018 $43,370,860,704 $67,316,471,181
2017 $41,608,435,915 $64,327,688,826
2016 $39,892,551,127 $59,760,858,718
2015 $38,587,017,887 $55,767,806,073
2014 $36,847,643,521 $51,427,104,882
2013 $34,454,440,141 $46,949,496,479
2012 $31,634,561,690 $41,595,439,721
2011 $29,524,149,155 $35,687,738,252
2010 $27,133,804,225 $30,231,009,533
2009 $24,537,876,056 $27,791,215,547
2008 $22,658,715,989 $25,721,327,955
2007 $17,110,437,236 $21,717,433,808
2006 $15,056,981,664 $18,659,721,513
2005 $12,588,998,590 $16,623,906,739
2004 $11,411,706,629 $15,100,203,362
2003 $10,195,627,645 $13,603,456,003
2002 $9,582,510,578 $12,800,851,271
2001 $8,975,814,653 $12,252,906,341
2000 $8,460,789,845 $11,966,497,049
1999 $8,149,929,478 $11,660,704,777
1998 $7,912,270,804 $11,019,557,689
1997 $7,245,839,210 $10,058,854,386
1996 $6,927,503,526 $9,197,503,323
1995 $6,727,597,032 $9,573,813,700
1994 $6,236,295,978 $9,365,289,800
1993 $5,606,400,222 $8,782,585,400
1992 $5,310,833,194 $8,042,337,700
1991 $4,344,467,193 $7,074,675,500
1990 $4,160,087,508 $6,433,967,000
1989 $4,221,373,674 $5,918,469,800
1988 $6,277,451,829 $5,902,783,400
1987 $6,756,209,762 $6,827,665,300
1986 $6,402,050,485 $6,797,834,200
1985 $4,993,601,520 $6,541,517,100
1984 $4,967,162,160 $6,183,387,100
1983 $4,920,692,191 $5,923,755,900
1982 $4,681,240,993 $5,769,767,900
1981 $4,383,944,703 $5,222,421,500
1980 $3,910,044,474 $4,614,086,400
1979 $3,271,368,781 $3,704,551,600
1978 $2,602,208,589 $3,244,558,600
1977 $2,096,778,602 $2,738,261,900
1976 $1,708,521,219 $2,588,106,000
1975 $1,363,073,498 $2,435,304,100
1974 $1,197,483,949 $2,188,307,600
1973 $943,783,840 $1,913,793,400
1972 $788,479,685 $1,673,411,700
1971 $678,159,729 $1,523,917,200
1970 $639,519,744 $1,351,006,400
1969 $698,879,720 $1,221,305,700
1968 $561,119,776 $1,112,791,100
1967 $631,679,747 $1,034,376,400
1966 $657,999,737 $928,833,000
1965 $599,759,760 $852,485,300
1964 - $776,137,500
1963 - $722,784,500
1962 - $652,120,900
1961 - $599,026,300
1960 - $537,147,100

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/panama | CC BY

GDP per capita in Jordan vs Panama by year

Jordan
GDP per capita

GDP per capita, PPP
Panama
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan Panama
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $19,161 $41,369
2023 $4,466 $10,412 $18,797 $39,813
2022 $4,332 $9,927 $17,379 $36,333
2021 $4,183 $9,182 $15,510 $30,933
2020 $4,022 $9,579 $13,291 $27,017
2019 $4,170 $9,429 $16,478 $33,240
2018 $4,145 $9,042 $16,151 $32,464
2017 $4,066 $9,266 $15,695 $33,533
2016 $3,987 $8,748 $14,832 $30,277
2015 $4,043 $8,967 $14,083 $27,245
2014 $4,191 $9,145 $13,213 $24,376
2013 $4,311 $9,817 $12,273 $21,924
2012 $4,170 $9,739 $11,065 $19,473
2011 $3,947 $9,632 $9,662 $17,474
2010 $3,718 $9,417 $8,331 $15,573
2009 $3,436 $9,291 $7,797 $14,766
2008 $3,242 $8,983 $7,348 $14,705
2007 $2,506 $8,416 $6,318 $13,333
2006 $2,343 $8,046 $5,529 $11,685
2005 $2,088 $7,697 $5,018 $10,511
2004 $1,940 $7,074 $4,645 $9,592
2003 $1,776 $6,500 $4,265 $8,801
2002 $1,706 $6,256 $4,091 $8,370
2001 $1,632 $5,948 $3,992 $8,197
2000 $1,571 $5,641 $3,975 $8,097
1999 $1,545 $5,402 $3,950 $7,749
1998 $1,532 $5,264 $3,808 $7,408
1997 $1,436 $5,171 $3,546 $6,895
1996 $1,410 $5,055 $3,308 $6,421
1995 $1,416 $5,027 $3,514 $6,182
1994 $1,367 $4,830 $3,508 $6,073
1993 $1,289 $4,726 $3,358 $5,902
1992 $1,287 $4,654 $3,140 $5,582
1991 $1,110 $4,195 $2,821 $5,150
1990 $1,149 $4,317 $2,620 $4,651
1989 $1,260 - $2,462 -
1988 $1,966 - $2,509 -
1987 $2,217 - $2,966 -
1986 $2,200 - $3,019 -
1985 $1,797 - $2,972 -
1984 $1,871 - $2,875 -
1983 $1,939 - $2,819 -
1982 $1,929 - $2,811 -
1981 $1,885 - $2,605 -
1980 $1,750 - $2,357 -
1979 $1,519 - $1,938 -
1978 $1,249 - $1,738 -
1977 $1,039 - $1,503 -
1976 $873 - $1,457 -
1975 $718 - $1,406 -
1974 $651 - $1,296 -
1973 $531 - $1,164 -
1972 $460 - $1,046 -
1971 $412 - $979 -
1970 $409 - $893 -
1969 $474 - $830 -
1968 $409 - $778 -
1967 $497 - $745 -
1966 $558 - $689 -
1965 $546 - $651 -
1964 - - $611 -
1963 - - $587 -
1962 - - $546 -
1961 - - $516 -
1960 - - $477 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/panama | CC BY

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $19,161 in Panama, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Panama ranks 56th at $41,369.

Economic indicators

Jordan Panama
Gross domestic product
$53.4B
2024
$86.5B
2024
GDP rank
90/197
2024
78/197
2024
GDP growth
2.49%
2023-2024
2.75%
2023-2024
GDP per capita
$4,618
2024
$19,161
2024
GDP per capita rank
123/197
2024
60/197
2024
GDP per capita, PPP
$10,821
2024
$41,369
2024
GDP per capita PPP rank
131/197
2024
56/197
2024
Government debt
$48.1B
2024
$49.6B
2024
Debt-to-GDP ratio
90.2%
2024
57.4%
2024
Government debt per person
$4,167
2024
$10,995
2024
Government debt per person rank
91/185
2024
51/185
2024
Average annual personal income after taxes
$4,787
2026
$10,196
2026
Market capitalization of domestic companies
$24.9B
2024
$18.3B
2024
Income share by richest 10%
27.4%
2010
37.6%
2024
Income share by poorest 10%
3.5%
2010
1.2%
2024
Government expenditure, % of GDP
33%
2024
23.1%
2024
Consumer prices inflation
1.56%
2023-2024
0.69%
2023-2024
Central bank interest rate
5.75%
2025
n/a
Unemployment rate
16.6%
2023
8.61%
2024
Population
11555022
4642198

Spending and national debt comparison by year

Jordan
Spending

Debt
Panama
Spending

Debt
1x
Year % of GDP
Jordan Panama
Government spending Government debt Government spending Government debt
2024 33% 90.2% 23.1% 57.4%
2023 32.9% 89% 21.4% 51.2%
2022 33.3% 88.6% 21.3% 52.7%
2021 34.1% 87.6% 23.8% 54.4%
2020 33.7% 104.5% 27.5% 61.5%
2019 32.4% 92.9% 20.6% 39.8%
2018 32% 87.4% 21.8% 35.6%
2017 29.6% 86.1% 21.2% 33.6%
2016 29.8% 85% 21.3% 33.6%
2015 31.7% 83.4% 21.4% 34.2%
2014 39.2% 78.6% 23% 34.7%
2013 36.4% 78.1% 23.4% 33.7%
2012 32.2% 73.8% 22.8% 34%
2011 27.4% 63.9% 23.5% 35.6%
2010 29.8% 59.5% 24.2% 38.1%
2009 35.9% 55.5% 22.7% 39.1%
2008 35.8% 53.2% 22.7% 40%
2007 37.7% 64.4% 21.8% 47.4%
2006 34.7% 65.6% 21.9% 54.7%
2005 37.3% 80.5% 22.4% 59.3%
2004 36.6% 86% 23.3% 58.8%
2003 36% 94.6% 24.2% 56.5%
2002 32.9% 91.3% 23.5% 57%
2001 32.1% 89.7% 23.4% 57.8%
2000 33.1% 85.6% 22.8% 53.6%
1999 32.7% 98.1% 23% 55.1%
1998 34.9% 99.8% 23.4% 58.1%
1997 33.9% 98.1% 22.2% 60.2%
1996 36.2% 104.9% 21.5% 65%
1995 35.5% 106.1% 25.9% 76.6%
1994 34.3% 116.2% 25.2% 78.3%
1993 36.4% 126.6% 33.8% 83.6%
1992 35.5% 139.6% 27.8% 91.2%
1991 44.9% 187% 20.9% 103.7%
1990 44% 204.8% 41.5% 112.7%
1989 42.5% 195.4% 43% 104.4%
1988 44.3% 129.3% 41.8% 105%
1987 42.1% 101.9% 40.1% 92.2%
1986 33.8% 84.3% 38.6% 84%
1985 42.4% 85.2% 39.7% 82.5%
1984 - - 44% 82.5%
1983 - - 44.6% 86.6%
1982 - - 48% 80.9%
1981 - - 30.7% 68.7%
1980 - - 30.5% 69.4%
1979 - - 35% 78.9%
1978 - - 27.6% 83.1%
1977 - - 16.9% 77.7%
1976 - - 15.9% 69.7%
1975 - - 15.3% 52.6%
1974 - - 15.3% 37.6%
1973 - - 14.4% 32.6%
1972 - - 15.6% 29.5%
1971 - - 15% 26.2%
1970 - - 22.4% 25.7%
1969 - - 20.5% 23.2%
1968 - - 14.2% 18%
1967 - - 14.9% 17.8%
1966 - - 14% 17.9%
1965 - - 13.2% 18.7%
1964 - - 14.1% 20%
1963 - - 19.1% 22.6%
1962 - - 16.4% 19.8%
1961 - - 18.9% 20.5%
1960 - - 16.6% 21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-02-20).

GeoRank.org/economy/jordan/panama | CC BY

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while Panama spent $20B, or 23.1% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 57.4% in Panama, ranking 32/185 and 88/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

Panama
1x
Year Deficit/surplus, % of GDP
Jordan Panama
2024 -7.33% -7.42%
2023 -6.89% -3.9%
2022 -6.8% -3.98%
2021 -8.45% -6.48%
2020 -10.1% -10.2%
2019 -7.19% -2.89%
2018 -5.78% -2.88%
2017 -3.61% -1.92%
2016 -3.71% -1.89%
2015 -7.1% -2.3%
2014 -15.5% -3.21%
2013 -16.1% -2.38%
2012 -13.8% -1.31%
2011 -5.61% -1.96%
2010 -5.43% -1.68%
2009 -8.66% -0.9%
2008 -5.38% 0.37%
2007 -5.45% 3.12%
2006 -3.82% 0.51%
2005 -5.36% -2.21%
2004 -1.09% -4.33%
2003 -2.52% -2.27%
2002 -4.44% -0.96%
2001 -2.77% -0.42%
2000 -3.99% 2.05%
1999 -2.69% -0.65%
1998 -5.4% -1.11%
1997 -2.97% 1.24%
1996 -3.25% 2.48%
1995 -1.72% 2.3%
1994 -2.3% 2.12%
1993 -2.14% -9.4%
1992 1.87% -2.62%
1991 -10.2% -0.6%
1990 -7.45% -3.65%
1989 -6.89% -13.6%
1988 -13% -13.5%
1987 -13.4% -1.7%
1986 -2.39% -1%
1985 -6.9% -2.57%
1984 - -7.56%
1983 - -7.62%
1982 - -13.3%
1981 - -6.77%
1980 - -5.17%
1979 - -12.1%
1978 - -5.21%
1977 - -1.61%
1976 - -2.65%
1975 - -0.74%
1974 - -0.6%
1973 - -0.01%
1972 - -1.17%
1971 - -0.51%
1970 - -8.02%
1969 - -7.56%
1968 - -1.5%
1967 - -1.97%
1966 - -1.18%
1965 - -1.17%
1964 - -2.51%
1963 - -6.71%
1962 - -3.01%
1961 - -5.45%
1960 - -3.05%
1959 - -3.79%
1958 - -1.62%
1957 - -0.89%
1956 - -3.69%
1955 - -1.33%
1954 - -0.2%
1953 - -0.55%
1952 - -3.84%
1951 - -2.54%
1950 - -3.89%
1949 - -1%
1948 - -1.21%
1947 - -1.94%
1946 - -3.19%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-02-20).

GeoRank.org/economy/jordan/panama | CC BY

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to Panama's deficit of $6.42B, or 7.42% of GDP.

Over the past 40 years, Jordan recorded a fiscal deficit in 39 of those years, while Panama ran a deficit in 32 years. On average, Jordan posted an annual deficit equal to 6.14% of GDP, compared to deficit of 2.54% of GDP for Panama.

Inflation comparison by year

Inflation
Jordan

Panama
1x
Year Consumer prices inflation
Jordan Panama
2024 1.56% 0.69%
2023 2.08% 1.49%
2022 4.23% 2.86%
2021 1.35% 1.63%
2020 0.33% -1.55%
2019 0.76% -0.36%
2018 4.46% 0.76%
2017 3.32% 0.88%
2016 -0.78% 0.74%
2015 -0.88% 0.14%
2014 2.9% 2.63%
2013 4.82% 4.03%
2012 4.52% 5.7%
2011 4.16% 5.88%
2010 4.85% 3.49%
2009 -0.74% 2.41%
2008 14% 8.76%
2007 4.74% 4.17%
2006 6.25% 2.46%
2005 3.49% 2.86%
2004 3.36% 0.47%
2003 1.63% 0.39%
2002 1.83% 1.01%
2001 1.77% 0.31%
2000 0.67% 1.5%
1999 0.61% 1.25%
1998 3.09% 0.56%
1997 3.04% 1.32%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/panama | CC BY

Over the past 28 years, Jordan has recorded an average annual inflation rate of 2.91%, compared with 2.02% in Panama. In 2024, inflation was 1.56% in Jordan and 0.69% in Panama.

Top exports between countries

Jordan
Export category Export value
Textiles & consumer goods $1.9M
Processed food, beverages & tobacco $276K
Miscellaneous $195K
Wood & paper products $142K
Chemicals & pharma $50K
Raw agricultural goods $11K
Panama
Export category Export value
Raw agricultural goods $63K
Processed food, beverages & tobacco $54K
Textiles & consumer goods $46K
Metals $36K
Machinery & equipment $28K
Chemicals & pharma $2K

Balance of trade

Jordan Panama
Current account balance
-$3.13B
2024
$1.67B
2024
Current account balance ranking
158/190
2024
51/190
2024
Current account balance, % of GDP
-5.86%
2024
+1.93%
2024
Goods imports
$23.9B
2024
$25.1B
2024
Goods exports
$13.3B
2024
$19.1B
2024
Service imports
$6.5B
2024
$5.75B
2024
Service exports
$9.45B
2024
$18.3B
2024
Imports of goods and services, % of GDP
57.1%
2024
39.3%
2024
Exports of goods and services, % of GDP
42.6%
2024
44.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Jordan Panama
Economic freedom 59.3 64.9
Economic freedom ranking 104/197 70/197
Property rights 52.3 56.7
Government integrity 51 37.4
Judicial effectiveness 44 49.6
Tax burden 84.1 86.1
Government spending 67.2 85.5
Fiscal health 5.2 51.8
Business freedom 62.7 72.6
Labor freedom 51.3 60.9
Monetary freedom 81.2 78.2
Trade freedom 82 80.2
Investment freedom 70 60
Financial freedom 60 60

Economic freedom comparison by year

Jordan
Panama
1x
Year Economic freedom index
Jordan Panama
2026 59.3 64.9
2025 59.4 65.5
2024 58.3 64.1
2023 58.8 63.8
2022 60.1 65.4
2021 64.6 66.2
2020 66 67.2
2019 66.5 67.2
2018 64.9 67
2017 66.7 66.3
2016 68.3 64.8
2015 69.3 64.1
2014 69.2 63.4
2013 70.4 62.5
2012 69.9 65.2
2011 68.9 64.9
2010 66.1 64.8
2009 65.4 64.7
2008 64.1 64.7
2007 64.5 64.6
2006 63.7 65.6
2005 66.7 64.3
2004 66.1 65.3
2003 65.3 68.4
2002 66.2 68.5
2001 68.3 70.6
2000 67.5 71.6
1999 67.4 72.6
1998 66.8 72.6
1997 63.6 72.4
1996 60.8 71.8
1995 62.7 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/jordan/panama | CC BY

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, compared to 64.9 for Panama, ranking 70/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jordan Panama
Services, % of GDP
60.4%
2024
69.3%
2024
Industry, % of GDP
25.1%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
2.68%
2024
GNI, Atlas method
$51.2B
2024
$81.3B
2024
GNI per capita, PPP
$10,570
2024
$39,260
2024
Total reserves including gold
$21.9B
2024
$6.86B
2024
Total reserves ranking
60/177
2024
88/177
2024
Net foreign direct investment
-$1.58B
2024
-$2.38B
2024
Net inflows of foreign direct investment
$1.63B
2024
$3.24B
2024
Net outflows of foreign direct investment
$54.1M
2024
$865M
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
n/a
Poverty at national poverty lines
14.2%
2020
21.7%
2023
Gross capital formation, % of GDP
25.2%
2021
33.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/jordan/panama | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.