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What is the GDP, GDP per capita, human development index and changes in these statistics over...

What is the GDP, GDP per capita, human development index and changes in these statistics over time (at least three years) for Panama?

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Expert Solution

GDP is total value of goods and services produced in an economy during a fiscal year.

GDP per capita is calculated as (GDP / Population)

Human Development Index is a mixture of life expenctancy, literacy rate and per capita income. It basically shows standard of living in an economy.

GDP (crores) GDP Per Capita HDI
2016         5,795.76          14,356.32             0.785
2017         6,228.38          15,166.12             0.789
2018         6,505.51          15,575.07             0.795

Overall economy of Panama is growing in all aspects, be in terms of GDP, GDP per capita or HDI.

Rahul Sunny answered 2 years ago
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