Annual growth of imports of goods and services in Panama
Panama: Annual growth of imports of goods and services was -2.6% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth of imports of goods and services in Panama stood at -2.6%.
That represents a change of down 138.8% on the previous year and up 44.7% over ten years.
Over the whole period, annual growth of imports of goods and services in Panama peaked at 31.5% in 2021 and was at its lowest, -26.5%, in 2020.
Panama ranks 158th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 12.8% | — |
| 2001 | -3.2% | -125.0% |
| 2002 | 0.8% | -125.2% |
| 2003 | -3.4% | -516.5% |
| 2004 | 14.1% | -517.9% |
| 2005 | 14.5% | +3.3% |
| 2006 | 10.1% | -30.7% |
| 2007 | 18.3% | +82.2% |
| 2008 | 23.0% | +25.6% |
| 2009 | -11.4% | -149.5% |
| 2010 | 18.6% | -263.3% |
| 2011 | 15.4% | -17.3% |
| 2012 | 10.4% | -32.3% |
| 2013 | -1.9% | -118.1% |
| 2014 | -4.7% | +150.3% |
| 2015 | -1.1% | -77.6% |
| 2016 | -5.5% | +422.1% |
| 2017 | 3.9% | -169.6% |
| 2018 | 4.2% | +9.5% |
| 2019 | -1.8% | -143.7% |
| 2020 | -26.5% | +1334.5% |
| 2021 | 31.5% | -218.9% |
| 2022 | 24.0% | -23.7% |
| 2023 | 6.7% | -72.0% |
| 2024 | -2.6% | -138.8% |
Panama compared with similar countries
- Panama's -2.6% is below the median for high income countries, which is 2.5%. (59 countries reporting)
- Panama's -2.6% is below the median for Latin America & Caribbean, which is 3.4%. (21 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports 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 |
|---|---|---|---|
| 2020 | -1334.5% | -1.8% | -26.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.6% | -11.4% | 23.0% | 10 |
| 2010s | 3.8% | -5.5% | 18.6% | 10 |
| 2020s | 6.6% | -26.5% | 31.5% | 5 |
Countries ranked near Panama
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Panama?
- Annual growth of imports of goods and services in Panama was -2.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of imports of goods and services recorded in Panama?
- The highest recorded value was 31.5% in 2021.
- What is the lowest annual growth of imports of goods and services recorded in Panama?
- The lowest recorded value was -26.5% in 2020.
- How does Panama rank for annual growth of imports of goods and services?
- Panama ranks 158th out of 186 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 44.7%. 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 imports of goods and services (%). Statizoid updates them automatically from the source API.
Download this data
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