Annual growth of exports of goods and services (%) in Panama
Panama: Annual growth of exports of goods and services (%) was 1.6% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of exports of goods and services in Panama stood at 1.6%.
Compared with earlier readings it is down 57.8% on the previous year and up 122.0% over ten years.
Over the whole period, annual growth of exports of goods and services in Panama peaked at 28.0% in 2021 and was at its lowest, -18.0%, in 2020.
That places Panama 113th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 19.4% | — |
| 2001 | 0.1% | -99.5% |
| 2002 | -3.8% | -3747.1% |
| 2003 | -11.2% | +197.3% |
| 2004 | 16.6% | -248.1% |
| 2005 | 13.1% | -21.1% |
| 2006 | 12.2% | -6.8% |
| 2007 | 20.6% | +69.1% |
| 2008 | 19.7% | -4.4% |
| 2009 | -2.2% | -111.3% |
| 2010 | 5.8% | -360.5% |
| 2011 | 20.7% | +258.9% |
| 2012 | 8.8% | -57.4% |
| 2013 | -4.4% | -150.1% |
| 2014 | -7.5% | +69.2% |
| 2015 | 0.4% | -104.7% |
| 2016 | -4.7% | -1435.3% |
| 2017 | 5.0% | -205.6% |
| 2018 | 5.3% | +7.6% |
| 2019 | 1.1% | -79.5% |
| 2020 | -18.0% | -1746.9% |
| 2021 | 28.0% | -255.2% |
| 2022 | 22.4% | -19.8% |
| 2023 | 3.9% | -82.6% |
| 2024 | 1.6% | -57.8% |
Panama compared with similar countries
- Panama's 1.6% is below the median for high income countries, which is 2.1%, 79% of the median. (59 countries reporting)
- Panama's 1.6% is below the median for Latin America & Caribbean, which is 2.8%, 60% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services (%) in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | -3747.1% | 0.1% | -3.8% |
| 2020 | -1746.9% | 1.1% | -18.0% |
| 2016 | -1435.3% | 0.4% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | -11.2% | 20.6% | 10 |
| 2010s | 3.0% | -7.5% | 20.7% | 10 |
| 2020s | 7.6% | -18.0% | 28.0% | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
Frequently asked questions
- What is annual growth of exports of goods and services in Panama?
- Annual growth of exports of goods and services in Panama was 1.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Panama?
- The highest recorded value was 28.0% in 2021.
- What is the lowest annual growth of exports of goods and services recorded in Panama?
- The lowest recorded value was -18.0% in 2020.
- How does Panama rank for annual growth of exports of goods and services?
- Panama ranks 113th out of 186 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Panama?
- Over the last ten years it is up 122.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of exports of goods and services (%). Statizoid updates them automatically from the source API.
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