Exports of goods and services (constant 2015 US$) in Panama
Panama: Exports of goods and services (constant 2015 US$) was 38.19 billion constant 2015 US$ in 2024. ▲ Rising
Exports of goods and services in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, exports of goods and services in Panama stood at 38.19 billion constant 2015 US$. That is the highest value across all 29 years on record.
That represents a change of up 1.6% on the previous year and up 45.0% over ten years.
Over the whole period, exports of goods and services in Panama peaked at 38.19 billion constant 2015 US$ in 2024 and was at its lowest, 10.06 billion constant 2015 US$, in 1999.
Panama ranks 65th of 172 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Exports of goods and services (constant 2015 US$) in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1996 | 10.79 billion constant 2015 US$ | — |
| 1997 | 11.56 billion constant 2015 US$ | +7.1% |
| 1998 | 11.47 billion constant 2015 US$ | -0.7% |
| 1999 | 10.06 billion constant 2015 US$ | -12.3% |
| 2000 | 12.01 billion constant 2015 US$ | +19.4% |
| 2001 | 12.02 billion constant 2015 US$ | +0.1% |
| 2002 | 11.57 billion constant 2015 US$ | -3.8% |
| 2003 | 10.28 billion constant 2015 US$ | -11.2% |
| 2004 | 11.98 billion constant 2015 US$ | +16.6% |
| 2005 | 13.54 billion constant 2015 US$ | +13.1% |
| 2006 | 15.19 billion constant 2015 US$ | +12.2% |
| 2007 | 18.31 billion constant 2015 US$ | +20.6% |
| 2008 | 21.92 billion constant 2015 US$ | +19.7% |
| 2009 | 21.43 billion constant 2015 US$ | -2.2% |
| 2010 | 22.67 billion constant 2015 US$ | +5.8% |
| 2011 | 27.37 billion constant 2015 US$ | +20.7% |
| 2012 | 29.79 billion constant 2015 US$ | +8.8% |
| 2013 | 28.47 billion constant 2015 US$ | -4.4% |
| 2014 | 26.33 billion constant 2015 US$ | -7.5% |
| 2015 | 26.43 billion constant 2015 US$ | +0.4% |
| 2016 | 25.18 billion constant 2015 US$ | -4.7% |
| 2017 | 26.43 billion constant 2015 US$ | +5.0% |
| 2018 | 27.85 billion constant 2015 US$ | +5.3% |
| 2019 | 28.15 billion constant 2015 US$ | +1.1% |
| 2020 | 23.08 billion constant 2015 US$ | -18.0% |
| 2021 | 29.54 billion constant 2015 US$ | +28.0% |
| 2022 | 36.16 billion constant 2015 US$ | +22.4% |
| 2023 | 37.57 billion constant 2015 US$ | +3.9% |
| 2024 | 38.19 billion constant 2015 US$ | +1.6% |
Panama compared with similar countries
- Panama's 38.19 billion constant 2015 US$ is below the median for high income countries, which is 103.43 billion constant 2015 US$, 37% of the median. (63 countries reporting)
- Panama's 38.19 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 17.16 billion constant 2015 US$, 2.2× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.97 billion constant 2015 US$ | 10.06 billion constant 2015 US$ | 11.56 billion constant 2015 US$ | 4 |
| 2000s | 14.83 billion constant 2015 US$ | 10.28 billion constant 2015 US$ | 21.92 billion constant 2015 US$ | 10 |
| 2010s | 26.87 billion constant 2015 US$ | 22.67 billion constant 2015 US$ | 29.79 billion constant 2015 US$ | 10 |
| 2020s | 32.91 billion constant 2015 US$ | 23.08 billion constant 2015 US$ | 38.19 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 62 Bulgaria 40.79 billion constant 2015 US$ compare
- 63 Serbia 38.47 billion constant 2015 US$ compare
- 64 Croatia 38.42 billion constant 2015 US$ compare
- 66 Belarus 36.96 billion constant 2015 US$ compare
- 67 Algeria 36.19 billion constant 2015 US$ compare
- 68 Cyprus 34.89 billion constant 2015 US$ 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is exports of goods and services in Panama?
- Exports of goods and services in Panama was 38.19 billion constant 2015 US$ 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 38.19 billion constant 2015 US$ in 2024.
- What is the lowest exports of goods and services recorded in Panama?
- The lowest recorded value was 10.06 billion constant 2015 US$ in 1999.
- How does Panama rank for exports of goods and services?
- Panama ranks 65th out of 172 countries with data for 2024.
- Is exports of goods and services rising or falling in Panama?
- Over the last ten years it is up 45.0%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.