Direct disaster economic loss in Panama
Panama: Direct disaster economic loss was 16.39 million current united states dollars in 2023. ◆ Volatile
Latest (2023)
16.39 million current united states dollars
Change on year
up 105.3%
World rank
68th
of 130 countries
All-time high
191.36 million current united states dollars
in 2008
All-time low
356,850 current united states dollars
in 2017
Years of data
17
2005–2023
Direct disaster economic loss in Panama, 2005–2023
Source: UN Office for Disaster Risk Reduction – processed by Our World in Data. Measured in current united states dollars.
Analysis
In 2023, direct disaster economic loss in Panama stood at 16.39 million current united states dollars.
Compared with earlier readings it is up 105.3% on the previous year and up 234.1% over ten years.
Over the whole period, direct disaster economic loss in Panama peaked at 191.36 million current united states dollars in 2008 and was at its lowest, 356,850 current united states dollars, in 2017.
Panama ranks 68th of 130 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Direct disaster economic loss in Panama, year by year
| Year | current united states dollars | Change |
|---|---|---|
| 2005 | 29.68 million current united states dollars | — |
| 2006 | 24.12 million current united states dollars | -18.7% |
| 2007 | 28.65 million current united states dollars | +18.8% |
| 2008 | 191.36 million current united states dollars | +567.9% |
| 2009 | 17.71 million current united states dollars | -90.7% |
| 2010 | 97.79 million current united states dollars | +452.2% |
| 2011 | 45.26 million current united states dollars | -53.7% |
| 2012 | 22.73 million current united states dollars | -49.8% |
| 2013 | 4.91 million current united states dollars | -78.4% |
| 2014 | 140.23 million current united states dollars | +2758.7% |
| 2015 | 5.67 million current united states dollars | -96.0% |
| 2016 | 8.52 million current united states dollars | +50.4% |
| 2017 | 356,850 current united states dollars | -95.8% |
| 2018 | 7.49 million current united states dollars | +1999.1% |
| 2019 | 3.61 million current united states dollars | -51.8% |
| 2020 | 7.99 million current united states dollars | +121.1% |
| 2023 | 16.39 million current united states dollars | +105.3% |
Panama compared with similar countries
- Panama's 16.39 million current united states dollars is below the median for high income countries, which is 47.61 million current united states dollars, 34% of the median. (32 countries reporting)
- Panama's 16.39 million current united states dollars is below the median for Latin America & Caribbean, which is 58.28 million current united states dollars, 28% of the median. (30 countries reporting)
Biggest year-on-year movements
Years where Direct disaster economic loss 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 |
|---|---|---|---|
| 2014 | +2758.7% | 4.91 million current united states dollars | 140.23 million current united states dollars |
| 2018 | +1999.1% | 356,850 current united states dollars | 7.49 million current united states dollars |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 58.30 million current united states dollars | 17.71 million current united states dollars | 191.36 million current united states dollars | 5 |
| 2010s | 33.66 million current united states dollars | 356,850 current united states dollars | 140.23 million current united states dollars | 10 |
| 2020s | 12.19 million current united states dollars | 7.99 million current united states dollars | 16.39 million current united states dollars | 2 |
Countries ranked near Panama
- 65 Albania 17.94 million current united states dollars compare
- 66 Eswatini 17.46 million current united states dollars compare
- 67 Kyrgyzstan 17.34 million current united states dollars compare
- 69 Cuba 16.17 million current united states dollars compare
- 70 Morocco 15.13 million current united states dollars compare
- 71 Finland 12.26 million current united states dollars 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)
- 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 direct disaster economic loss in Panama?
- Direct disaster economic loss in Panama was 16.39 million current united states dollars in 2023, according to UN Office for Disaster Risk Reduction – processed by Our World in Data.
- What is the highest direct disaster economic loss recorded in Panama?
- The highest recorded value was 191.36 million current united states dollars in 2008.
- What is the lowest direct disaster economic loss recorded in Panama?
- The lowest recorded value was 356,850 current united states dollars in 2017.
- How does Panama rank for direct disaster economic loss?
- Panama ranks 68th out of 130 countries with data for 2023.
- Is direct disaster economic loss rising or falling in Panama?
- Over the last ten years it is up 234.1%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from UN Office for Disaster Risk Reduction – processed by Our World in Data, published as part of Direct disaster economic loss. Statizoid updates them automatically from the source API.
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About this data
Direct economic loss attributed to disasters (current United States dollars).