Exports of goods and services in Panama
Panama: Exports of goods and services was 39.09 billion constant LCU 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 LCU.
Analysis
Panama recorded 39.09 billion constant LCU for exports of goods and services in 2024. That is the highest value across all 29 years on record.
The figure is 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 39.09 billion constant LCU in 2024 and was at its lowest, 10.30 billion constant LCU, in 1999.
That places Panama 127th out of 178 countries with data for 2024, putting it 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 in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | 11.05 billion constant LCU | — |
| 1997 | 11.83 billion constant LCU | +7.1% |
| 1998 | 11.74 billion constant LCU | -0.7% |
| 1999 | 10.30 billion constant LCU | -12.3% |
| 2000 | 12.29 billion constant LCU | +19.4% |
| 2001 | 12.31 billion constant LCU | +0.1% |
| 2002 | 11.84 billion constant LCU | -3.8% |
| 2003 | 10.52 billion constant LCU | -11.2% |
| 2004 | 12.26 billion constant LCU | +16.6% |
| 2005 | 13.86 billion constant LCU | +13.1% |
| 2006 | 15.55 billion constant LCU | +12.2% |
| 2007 | 18.75 billion constant LCU | +20.6% |
| 2008 | 22.44 billion constant LCU | +19.7% |
| 2009 | 21.94 billion constant LCU | -2.2% |
| 2010 | 23.21 billion constant LCU | +5.8% |
| 2011 | 28.01 billion constant LCU | +20.7% |
| 2012 | 30.49 billion constant LCU | +8.8% |
| 2013 | 29.14 billion constant LCU | -4.4% |
| 2014 | 26.96 billion constant LCU | -7.5% |
| 2015 | 27.05 billion constant LCU | +0.4% |
| 2016 | 25.78 billion constant LCU | -4.7% |
| 2017 | 27.06 billion constant LCU | +5.0% |
| 2018 | 28.51 billion constant LCU | +5.3% |
| 2019 | 28.82 billion constant LCU | +1.1% |
| 2020 | 23.63 billion constant LCU | -18.0% |
| 2021 | 30.23 billion constant LCU | +28.0% |
| 2022 | 37.01 billion constant LCU | +22.4% |
| 2023 | 38.46 billion constant LCU | +3.9% |
| 2024 | 39.09 billion constant LCU | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.23 billion constant LCU | 10.30 billion constant LCU | 11.83 billion constant LCU | 4 |
| 2000s | 15.18 billion constant LCU | 10.52 billion constant LCU | 22.44 billion constant LCU | 10 |
| 2010s | 27.50 billion constant LCU | 23.21 billion constant LCU | 30.49 billion constant LCU | 10 |
| 2020s | 33.69 billion constant LCU | 23.63 billion constant LCU | 39.09 billion constant LCU | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.048 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 949.21 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.048 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 949.21 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0403 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 796.82 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 842.84 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.09 % change on previous year (2025)
Frequently asked questions
- What is exports of goods and services in Panama?
- Exports of goods and services in Panama was 39.09 billion constant LCU 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 39.09 billion constant LCU in 2024.
- What is the lowest exports of goods and services recorded in Panama?
- The lowest recorded value was 10.30 billion constant LCU in 1999.
- How does Panama rank for exports of goods and services?
- Panama ranks 127th 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 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 LCU). 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 varies by country. This series is expressed in local currency units.