Rank in the Economic Complexity Index in Panama
Panama: Rank in the Economic Complexity Index was 24 in 2016. ▲ Rising
Rank in the Economic Complexity Index in Panama, 1964–2016
Source: Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.
Analysis
Panama recorded 24 for rank in the economic complexity index in 2016.
Compared with earlier readings it is down 67.6% on the previous year and down 52.0% over ten years.
Over the whole period, rank in the economic complexity index in Panama peaked at 77 in 2014 and was at its lowest, 19, in 1966.
Panama ranks 94th of 121 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Rank in the Economic Complexity Index in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 21 | — |
| 1965 | 21 | +0.0% |
| 1966 | 19 | -9.5% |
| 1967 | 23 | +21.1% |
| 1968 | 20 | -13.0% |
| 1969 | 20 | +0.0% |
| 1970 | 20 | +0.0% |
| 1971 | 27 | +35.0% |
| 1972 | 31 | +14.8% |
| 1973 | 31 | +0.0% |
| 1974 | 32 | +3.2% |
| 1975 | 36 | +12.5% |
| 1976 | 42 | +16.7% |
| 1977 | 45 | +7.1% |
| 1978 | 42 | -6.7% |
| 1979 | 41 | -2.4% |
| 1980 | 37 | -9.8% |
| 1981 | 31 | -16.2% |
| 1982 | 30 | -3.2% |
| 1983 | 36 | +20.0% |
| 1984 | 31 | -13.9% |
| 1985 | 41 | +32.3% |
| 1986 | 41 | +0.0% |
| 1987 | 52 | +26.8% |
| 1988 | 49 | -5.8% |
| 1989 | 44 | -10.2% |
| 1990 | 33 | -25.0% |
| 1991 | 35 | +6.1% |
| 1992 | 35 | +0.0% |
| 1993 | 44 | +25.7% |
| 1994 | 44 | +0.0% |
| 1995 | 47 | +6.8% |
| 1996 | 59 | +25.5% |
| 1997 | 60 | +1.7% |
| 1998 | 59 | -1.7% |
| 1999 | 57 | -3.4% |
| 2000 | 51 | -10.5% |
| 2001 | 49 | -3.9% |
| 2002 | 50 | +2.0% |
| 2003 | 54 | +8.0% |
| 2004 | 51 | -5.6% |
| 2005 | 50 | -2.0% |
| 2006 | 50 | +0.0% |
| 2007 | 47 | -6.0% |
| 2008 | 45 | -4.3% |
| 2009 | 43 | -4.4% |
| 2010 | 43 | +0.0% |
| 2011 | 35 | -18.6% |
| 2012 | 32 | -8.6% |
| 2013 | 30 | -6.2% |
| 2014 | 77 | +156.7% |
| 2015 | 74 | -3.9% |
| 2016 | 24 | -67.6% |
Panama compared with similar countries
- Panama's 24 is above the median for high income countries, which is 23, 1.0× the median. (47 countries reporting)
- Panama's 24 is below the median for Latin America & Caribbean, which is 63.5, 38% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Rank in the Economic Complexity Index 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 | +156.7% | 30 | 77 |
| 2016 | -67.6% | 74 | 24 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.67 | 19 | 23 | 6 |
| 1970s | 34.7 | 20 | 45 | 10 |
| 1980s | 39.2 | 30 | 52 | 10 |
| 1990s | 47.3 | 33 | 60 | 10 |
| 2000s | 49 | 43 | 54 | 10 |
| 2010s | 45 | 24 | 77 | 7 |
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 rank in the economic complexity index in Panama?
- Rank in the economic complexity index in Panama was 24 in 2016, according to Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.
- What is the highest rank in the economic complexity index recorded in Panama?
- The highest recorded value was 77 in 2014.
- What is the lowest rank in the economic complexity index recorded in Panama?
- The lowest recorded value was 19 in 1966.
- How does Panama rank for rank in the economic complexity index?
- Panama ranks 94th out of 121 countries with data for 2016.
- Is rank in the economic complexity index rising or falling in Panama?
- Over the last ten years it is down 52.0%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data, published as part of Rank in the Economic Complexity Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The Economic Complexity Index (ECI) takes data on exports, and reduces a country’s economic system into two dimensions: (i) The number or ‘diversification’ of products in the export basket, and (ii) the quality, or ‘ubiquity’ of products in the export basket. This map ranks countries by ECI scores. The highest rank is 1 and corresponds to the country with the most complex economy in that year.