Africa's Development: Sectoral breakdown of the economy … wholesale in Panama
Panama: Africa's Development: Sectoral breakdown of the economy … wholesale was 22.16 Percentage of GDP in 2022. ▲ Rising
Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Panama, 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for africa's development dynamics (afdd) table 08 - sectoral breakdown of in Panama is 22.16 Percentage of GDP, measured in 2022.
The figure is up 10.9% on the previous year and down 18.3% over ten years.
Over the whole period, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Panama peaked at 27.11 Percentage of GDP in 2012 and was at its lowest, 15.34 Percentage of GDP, in 2003.
That places Panama 24th out of 169 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Africa's Development: Sectoral breakdown of the economy … wholesale in Panama, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 16.4 Percentage of GDP | — |
| 2001 | 16.6 Percentage of GDP | +1.2% |
| 2002 | 15.88 Percentage of GDP | -4.3% |
| 2003 | 15.34 Percentage of GDP | -3.4% |
| 2004 | 16.23 Percentage of GDP | +5.8% |
| 2005 | 17.16 Percentage of GDP | +5.8% |
| 2006 | 17.58 Percentage of GDP | +2.4% |
| 2007 | 21.2 Percentage of GDP | +20.6% |
| 2008 | 22.32 Percentage of GDP | +5.3% |
| 2009 | 22.62 Percentage of GDP | +1.3% |
| 2010 | 23.17 Percentage of GDP | +2.4% |
| 2011 | 25.64 Percentage of GDP | +10.6% |
| 2012 | 27.11 Percentage of GDP | +5.7% |
| 2013 | 25.13 Percentage of GDP | -7.3% |
| 2014 | 24.4 Percentage of GDP | -2.9% |
| 2015 | 23.6 Percentage of GDP | -3.3% |
| 2016 | 23.11 Percentage of GDP | -2.1% |
| 2017 | 22.22 Percentage of GDP | -3.8% |
| 2018 | 22.06 Percentage of GDP | -0.7% |
| 2019 | 21.46 Percentage of GDP | -2.7% |
| 2020 | 19.61 Percentage of GDP | -8.6% |
| 2021 | 19.98 Percentage of GDP | +1.9% |
| 2022 | 22.16 Percentage of GDP | +10.9% |
Panama compared with similar countries
- Panama's 22.16 Percentage of GDP is above the median for high income countries, which is 14.14 Percentage of GDP, 1.6× the median. (54 countries reporting)
- Panama's 22.16 Percentage of GDP is above the median for Latin America & Caribbean, which is 17.84 Percentage of GDP, 1.2× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.13 Percentage of GDP | 15.34 Percentage of GDP | 22.62 Percentage of GDP | 10 |
| 2010s | 23.79 Percentage of GDP | 21.46 Percentage of GDP | 27.11 Percentage of GDP | 10 |
| 2020s | 20.58 Percentage of GDP | 19.61 Percentage of GDP | 22.16 Percentage of GDP | 3 |
Countries ranked near Panama
- 21 Mauritania 12.92 Percentage of GDP compare
- 21 Haiti 22.44 Percentage of GDP compare
- 22 Madagascar 12.91 Percentage of GDP compare
- 22 Vanuatu 22.35 Percentage of GDP compare
- 23 Angola 22.3 Percentage of GDP compare
- 25 Argentina 21.75 Percentage of GDP compare
- 25 Micronesia 14.23 Percentage of GDP compare
- 26 Palau 21.64 Percentage of GDP compare
- 27 Slovenia 14.09 Percentage of GDP compare
- 27 Lesotho 9.18 Percentage of GDP compare
- 27 Pakistan 21.63 Percentage of GDP compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 08 - sectoral breakdown of in Panama?
- Africa's development dynamics (afdd) table 08 - sectoral breakdown of in Panama was 22.16 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Panama?
- The highest recorded value was 27.11 Percentage of GDP in 2012.
- What is the lowest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Panama?
- The lowest recorded value was 15.34 Percentage of GDP in 2003.
- How does Panama rank for africa's development dynamics (afdd) table 08 - sectoral breakdown of?
- Panama ranks 24th out of 169 countries with data for 2022.
- Is africa's development dynamics (afdd) table 08 - sectoral breakdown of rising or falling in Panama?
- Over the last ten years it is down 18.3%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Value added in wholesale, retail trade, restaurants and hotels. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 8 shows the breakdown of national economies by sectors of activity, looking at share of employment, contributions to GDP, along with the impact of natural resource extraction on the economy.