Exports of goods and services (current LCU) in Panama
Panama: Exports of goods and services (current LCU) was 38.38 billion current LCU in 2024. ◆ Volatile
Latest (2024)
38.38 billion current LCU
Change on year
up 0.4%
World rank
145th
of 193 countries
All-time high
38.38 billion current LCU
in 2024
All-time low
245.95 million current LCU
in 1960
Years of data
65
1960–2024
Exports of goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, exports of goods and services in Panama stood at 38.38 billion current LCU. That is the highest value across all 65 years on record.
That represents a change of up 0.4% on the previous year and up 36.0% over ten years.
Over the whole period, exports of goods and services in Panama peaked at 38.38 billion current LCU in 2024 and was at its lowest, 245.95 million current LCU, in 1960.
Panama ranks 145th of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services (current LCU) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 245.95 million current LCU | — |
| 1961 | 282.66 million current LCU | +14.9% |
| 1962 | 346.80 million current LCU | +22.7% |
| 1963 | 380.61 million current LCU | +9.7% |
| 1964 | 407.28 million current LCU | +7.0% |
| 1965 | 464.08 million current LCU | +13.9% |
| 1966 | 518.18 million current LCU | +11.7% |
| 1967 | 582.90 million current LCU | +12.5% |
| 1968 | 637.58 million current LCU | +9.4% |
| 1969 | 701.14 million current LCU | +10.0% |
| 1970 | 753.69 million current LCU | +7.5% |
| 1971 | 827.86 million current LCU | +9.8% |
| 1972 | 894.45 million current LCU | +8.0% |
| 1973 | 1.03 billion current LCU | +14.6% |
| 1974 | 1.48 billion current LCU | +44.3% |
| 1975 | 1.68 billion current LCU | +13.6% |
| 1976 | 1.63 billion current LCU | -3.2% |
| 1977 | 1.79 billion current LCU | +9.9% |
| 1978 | 1.92 billion current LCU | +7.1% |
| 1979 | 2.18 billion current LCU | +14.0% |
| 1980 | 3.00 billion current LCU | +37.4% |
| 1981 | 3.25 billion current LCU | +8.4% |
| 1982 | 3.28 billion current LCU | +0.8% |
| 1983 | 2.79 billion current LCU | -14.8% |
| 1984 | 2.75 billion current LCU | -1.4% |
| 1985 | 2.97 billion current LCU | +8.0% |
| 1986 | 3.20 billion current LCU | +7.7% |
| 1987 | 3.23 billion current LCU | +1.0% |
| 1988 | 2.94 billion current LCU | -9.1% |
| 1989 | 3.09 billion current LCU | +5.2% |
| 1990 | 3.70 billion current LCU | +19.6% |
| 1991 | 4.55 billion current LCU | +23.1% |
| 1992 | 5.34 billion current LCU | +17.2% |
| 1993 | 5.63 billion current LCU | +5.4% |
| 1994 | 6.19 billion current LCU | +9.9% |
| 1995 | 6.40 billion current LCU | +3.5% |
| 1996 | 7.67 billion current LCU | +19.9% |
| 1997 | 8.94 billion current LCU | +16.6% |
| 1998 | 8.48 billion current LCU | -5.2% |
| 1999 | 7.44 billion current LCU | -12.3% |
| 2000 | 8.25 billion current LCU | +10.9% |
| 2001 | 8.42 billion current LCU | +2.0% |
| 2002 | 8.04 billion current LCU | -4.5% |
| 2003 | 7.91 billion current LCU | -1.7% |
| 2004 | 9.15 billion current LCU | +15.7% |
| 2005 | 11.34 billion current LCU | +24.0% |
| 2006 | 12.91 billion current LCU | +13.8% |
| 2007 | 15.63 billion current LCU | +21.1% |
| 2008 | 20.14 billion current LCU | +28.8% |
| 2009 | 19.44 billion current LCU | -3.5% |
| 2010 | 21.17 billion current LCU | +8.9% |
| 2011 | 27.75 billion current LCU | +31.1% |
| 2012 | 31.01 billion current LCU | +11.8% |
| 2013 | 30.31 billion current LCU | -2.2% |
| 2014 | 28.23 billion current LCU | -6.9% |
| 2015 | 26.43 billion current LCU | -6.4% |
| 2016 | 24.94 billion current LCU | -5.6% |
| 2017 | 26.68 billion current LCU | +6.9% |
| 2018 | 28.51 billion current LCU | +6.9% |
| 2019 | 28.06 billion current LCU | -1.6% |
| 2020 | 20.70 billion current LCU | -26.2% |
| 2021 | 28.04 billion current LCU | +35.5% |
| 2022 | 36.73 billion current LCU | +31.0% |
| 2023 | 38.24 billion current LCU | +4.1% |
| 2024 | 38.38 billion current LCU | +0.4% |
Panama compared with similar countries
- Panama's 38.38 billion current LCU is below the median for high income countries, which is 136.72 billion current LCU, 28% of the median. (72 countries reporting)
- Panama's 38.38 billion current LCU is below the median for Latin America & Caribbean, which is 147.35 billion current LCU, 26% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 456.72 million current LCU | 245.95 million current LCU | 701.14 million current LCU | 10 |
| 1970s | 1.42 billion current LCU | 753.69 million current LCU | 2.18 billion current LCU | 10 |
| 1980s | 3.05 billion current LCU | 2.75 billion current LCU | 3.28 billion current LCU | 10 |
| 1990s | 6.43 billion current LCU | 3.70 billion current LCU | 8.94 billion current LCU | 10 |
| 2000s | 12.12 billion current LCU | 7.91 billion current LCU | 20.14 billion current LCU | 10 |
| 2010s | 27.31 billion current LCU | 21.17 billion current LCU | 31.01 billion current LCU | 10 |
| 2020s | 32.42 billion current LCU | 20.70 billion current LCU | 38.38 billion current 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)
- 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 38.38 billion current 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 38.38 billion current LCU in 2024.
- What is the lowest exports of goods and services recorded in Panama?
- The lowest recorded value was 245.95 million current LCU in 1960.
- How does Panama rank for exports of goods and services?
- Panama ranks 145th out of 193 countries with data for 2024.
- Is exports of goods and services rising or falling in Panama?
- Over the last ten years it is up 36.0%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.