Exports of goods and services in Panama
Panama: Exports of goods and services was 1.6% in 2024. ◆ Volatile
Exports of goods and services in Panama, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Panama recorded 1.6% for exports of goods and services in 2024.
Compared with earlier readings it is down 57.8% on the previous year and up 122.0% over ten years.
Over the whole period, exports of goods and services in Panama peaked at 28.0% in 2021 and was at its lowest, -18.0%, in 2020.
That places Panama 118th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1997 | 7.1% | — |
| 1998 | -0.7% | -110.3% |
| 1999 | -12.3% | +1581.4% |
| 2000 | 19.4% | -257.3% |
| 2001 | 0.1% | -99.5% |
| 2002 | -3.8% | -3747.1% |
| 2003 | -11.2% | +197.3% |
| 2004 | 16.6% | -248.1% |
| 2005 | 13.1% | -21.1% |
| 2006 | 12.2% | -6.8% |
| 2007 | 20.6% | +69.1% |
| 2008 | 19.7% | -4.4% |
| 2009 | -2.2% | -111.3% |
| 2010 | 5.8% | -360.5% |
| 2011 | 20.7% | +258.9% |
| 2012 | 8.8% | -57.4% |
| 2013 | -4.4% | -150.1% |
| 2014 | -7.5% | +69.2% |
| 2015 | 0.4% | -104.7% |
| 2016 | -4.7% | -1435.3% |
| 2017 | 5.0% | -205.6% |
| 2018 | 5.3% | +7.6% |
| 2019 | 1.1% | -79.5% |
| 2020 | -18.0% | -1746.9% |
| 2021 | 28.0% | -255.2% |
| 2022 | 22.4% | -19.8% |
| 2023 | 3.9% | -82.6% |
| 2024 | 1.6% | -57.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.0% | -12.3% | 7.1% | 3 |
| 2000s | 8.4% | -11.2% | 20.6% | 10 |
| 2010s | 3.0% | -7.5% | 20.7% | 10 |
| 2020s | 7.6% | -18.0% | 28.0% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 6.92 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.4902 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 9,393 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 6.48 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4433 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 8,494 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 6.4 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.6142 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is exports of goods and services in Panama?
- Exports of goods and services in Panama was 1.6% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest exports of goods and services recorded in Panama?
- The highest recorded value was 28.0% in 2021.
- What is the lowest exports of goods and services recorded in Panama?
- The lowest recorded value was -18.0% in 2020.
- How does Panama rank for exports of goods and services?
- Panama ranks 118th out of 178 countries with data for 2024.
- Is exports of goods and services rising or falling in Panama?
- Over the last ten years it is up 122.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Exports of goods and services (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.