Armenia vs Panama: Spending by international visitors while visiting a country as a share of GDP
Armenia
10.5%
in 2024
Panama
10.5%
in 2024
Armenia rank
38th
Panama rank
37th
Spending by international visitors while visiting a country as a share of GDP over time
- Armenia
- Panama
How they compare
Panama currently reports 10.5% against 10.5% in Armenia, a difference of 0.0%.
The two have swapped places 4 times across 30 shared years of data; in 1995 it was Panama ahead.
Armenia ranks 38th and Panama ranks 37th of 191 countries.
Across the 4 decades both report, Armenia averaged higher in 1 and Panama in 3.
Head to head by decade
| Decade | Armenia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.8% | 4.4% | 2.7% | Panama |
| 2000s | 4.7% | 6.8% | 2.1% | Panama |
| 2010s | 9.2% | 10.5% | 1.3% | Panama |
| 2020s | 9.2% | 7.8% | 1.4% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher spending by international visitors while visiting a country as a share of gdp, Armenia or Panama?
- Panama, at 10.5% against 10.5% in Armenia as of 2024.
- What is the difference in spending by international visitors while visiting a country as a share of gdp between Armenia and Panama?
- 0.0%, with Panama ahead.
- How many years of comparable data are there for Armenia and Panama?
- 30 years are reported by both, from 1995 to 2024.
- How do Armenia and Panama rank globally for spending by international visitors while visiting a country as a share of gdp?
- Armenia ranks 38th and Panama ranks 37th of 191 countries.
- Where does this data come from?
- UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as Spending by international visitors while visiting a country as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Money received by the destination country from foreign visitors, including spending on accommodation, food, transport, entertainment, shopping, and fares paid to the country’s own airlines, as a share of, as a share of GDP.