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: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of imports of goods and services in Panama stood at -2.6%.
That represents a change of down 138.7% on the previous year and up 44.8% 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.
That places Panama 151st out of 176 countries with data for 2024, putting it 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 | % | Change |
|---|---|---|
| 2000 | 12.8% | — |
| 2001 | -3.2% | -125.0% |
| 2002 | 0.8% | -125.3% |
| 2003 | -3.4% | -514.8% |
| 2004 | 14.1% | -518.2% |
| 2005 | 14.5% | +3.3% |
| 2006 | 10.1% | -30.7% |
| 2007 | 18.3% | +82.3% |
| 2008 | 23.0% | +25.6% |
| 2009 | -11.4% | -149.6% |
| 2010 | 18.6% | -263.2% |
| 2011 | 15.4% | -17.3% |
| 2012 | 10.4% | -32.4% |
| 2013 | -1.9% | -118.1% |
| 2014 | -4.7% | +150.3% |
| 2015 | -1.1% | -77.6% |
| 2016 | -5.5% | +422.6% |
| 2017 | 3.9% | -169.7% |
| 2018 | 4.2% | +9.3% |
| 2019 | -1.9% | -143.8% |
| 2020 | -26.5% | +1331.9% |
| 2021 | 31.5% | -218.9% |
| 2022 | 24.1% | -23.7% |
| 2023 | 6.7% | -72.0% |
| 2024 | -2.6% | -138.7% |
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 World Bank – processed by Our World in Data.
- 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 151st out of 176 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 44.8%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).