Direct economic loss attributed to disasters in Panama
Panama: Direct economic loss attributed to disasters was 16.39 million in 2023. ◆ Volatile
Direct economic loss attributed to disasters in Panama, 2005–2023
Source: Our World in Data.
Analysis
In 2023, direct economic loss attributed to disasters in Panama stood at 16.39 million.
That represents a change of up 105.3% on the previous year and up 234.1% over ten years.
Over the whole period, direct economic loss attributed to disasters in Panama peaked at 191.36 million in 2008 and was at its lowest, 356,850, 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 economic loss attributed to disasters in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 29.68 million | — |
| 2006 | 24.12 million | -18.7% |
| 2007 | 28.65 million | +18.8% |
| 2008 | 191.36 million | +567.9% |
| 2009 | 17.71 million | -90.7% |
| 2010 | 97.79 million | +452.2% |
| 2011 | 45.26 million | -53.7% |
| 2012 | 22.73 million | -49.8% |
| 2013 | 4.91 million | -78.4% |
| 2014 | 140.23 million | +2758.7% |
| 2015 | 5.67 million | -96.0% |
| 2016 | 8.52 million | +50.4% |
| 2017 | 356,850 | -95.8% |
| 2018 | 7.49 million | +1999.1% |
| 2019 | 3.61 million | -51.8% |
| 2020 | 7.99 million | +121.1% |
| 2023 | 16.39 million | +105.3% |
Panama compared with similar countries
- Panama's 16.39 million is below the median for high income countries, which is 47.61 million, 34% of the median. (32 countries reporting)
- Panama's 16.39 million is below the median for Latin America & Caribbean, which is 58.28 million, 28% of the median. (30 countries reporting)
Biggest year-on-year movements
Years where Direct economic loss attributed to disasters 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 | 140.23 million |
| 2018 | +1999.1% | 356,850 | 7.49 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 58.30 million | 17.71 million | 191.36 million | 5 |
| 2010s | 33.66 million | 356,850 | 140.23 million | 10 |
| 2020s | 12.19 million | 7.99 million | 16.39 million | 2 |
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 direct economic loss attributed to disasters in Panama?
- Direct economic loss attributed to disasters in Panama was 16.39 million in 2023, according to Our World in Data.
- What is the highest direct economic loss attributed to disasters recorded in Panama?
- The highest recorded value was 191.36 million in 2008.
- What is the lowest direct economic loss attributed to disasters recorded in Panama?
- The lowest recorded value was 356,850 in 2017.
- How does Panama rank for direct economic loss attributed to disasters?
- Panama ranks 68th out of 130 countries with data for 2023.
- Is direct economic loss attributed to disasters 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 Our World in Data, published as part of Direct economic loss attributed to disasters. Statizoid updates them automatically from the source API.
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