Exports of goods and services in Panama
Panama: Exports of goods and services was 44.4% in 2024. ▬ Flat
Exports of goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Panama recorded 44.4% for exports of goods and services in 2024.
The figure is down 2.8% on the previous year and down 19.2% over ten years.
Over the whole period, exports of goods and services in Panama peaked at 88.9% in 1997 and was at its lowest, 36.3%, in 2020.
That places Panama 70th out of 193 countries with data for 2024, putting it in the middle of the range.
Exports of goods and services in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 45.8% | — |
| 1961 | 47.2% | +3.1% |
| 1962 | 53.2% | +12.7% |
| 1963 | 52.7% | -1.0% |
| 1964 | 52.5% | -0.4% |
| 1965 | 54.4% | +3.7% |
| 1966 | 55.8% | +2.5% |
| 1967 | 56.4% | +1.0% |
| 1968 | 57.3% | +1.7% |
| 1969 | 57.4% | +0.2% |
| 1970 | 55.8% | -2.8% |
| 1971 | 54.3% | -2.6% |
| 1972 | 53.5% | -1.6% |
| 1973 | 53.6% | +0.2% |
| 1974 | 67.6% | +26.2% |
| 1975 | 69.0% | +2.1% |
| 1976 | 62.8% | -8.9% |
| 1977 | 65.3% | +3.9% |
| 1978 | 59.0% | -9.6% |
| 1979 | 58.9% | -0.1% |
| 1980 | 65.0% | +10.3% |
| 1981 | 62.3% | -4.2% |
| 1982 | 56.8% | -8.8% |
| 1983 | 47.1% | -17.0% |
| 1984 | 44.5% | -5.6% |
| 1985 | 45.4% | +2.1% |
| 1986 | 47.1% | +3.7% |
| 1987 | 47.4% | +0.5% |
| 1988 | 49.8% | +5.2% |
| 1989 | 52.3% | +4.9% |
| 1990 | 57.5% | +10.0% |
| 1991 | 64.4% | +11.9% |
| 1992 | 66.4% | +3.1% |
| 1993 | 64.1% | -3.5% |
| 1994 | 66.0% | +3.1% |
| 1995 | 66.8% | +1.2% |
| 1996 | 83.4% | +24.8% |
| 1997 | 88.9% | +6.6% |
| 1998 | 76.9% | -13.5% |
| 1999 | 63.8% | -17.1% |
| 2000 | 69.0% | +8.1% |
| 2001 | 68.7% | -0.4% |
| 2002 | 62.8% | -8.5% |
| 2003 | 58.1% | -7.5% |
| 2004 | 60.6% | +4.2% |
| 2005 | 68.2% | +12.6% |
| 2006 | 69.2% | +1.4% |
| 2007 | 72.0% | +4.0% |
| 2008 | 78.3% | +8.8% |
| 2009 | 70.0% | -10.6% |
| 2010 | 70.0% | +0.1% |
| 2011 | 77.7% | +11.0% |
| 2012 | 74.5% | -4.1% |
| 2013 | 64.6% | -13.4% |
| 2014 | 54.9% | -15.0% |
| 2015 | 47.4% | -13.7% |
| 2016 | 41.7% | -11.9% |
| 2017 | 41.5% | -0.6% |
| 2018 | 42.3% | +2.1% |
| 2019 | 40.2% | -5.0% |
| 2020 | 36.3% | -9.8% |
| 2021 | 41.6% | +14.7% |
| 2022 | 48.0% | +15.4% |
| 2023 | 45.6% | -5.0% |
| 2024 | 44.4% | -2.8% |
Panama compared with similar countries
- Panama's 44.4% is below the median for high income countries, which is 52.0%, 85% of the median. (72 countries reporting)
- Panama's 44.4% is above the median for Latin America & Caribbean, which is 37.2%, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 53.3% | 45.8% | 57.4% | 10 |
| 1970s | 60.0% | 53.5% | 69.0% | 10 |
| 1980s | 51.8% | 44.5% | 65.0% | 10 |
| 1990s | 69.8% | 57.5% | 88.9% | 10 |
| 2000s | 67.7% | 58.1% | 78.3% | 10 |
| 2010s | 55.5% | 40.2% | 77.7% | 10 |
| 2020s | 43.2% | 36.3% | 48.0% | 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)
- 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 exports of goods and services in Panama?
- Exports of goods and services in Panama was 44.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest exports of goods and services recorded in Panama?
- The highest recorded value was 88.9% in 1997.
- What is the lowest exports of goods and services recorded in Panama?
- The lowest recorded value was 36.3% in 2020.
- How does Panama rank for exports of goods and services?
- Panama ranks 70th 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 down 19.2%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Exports of goods and services (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.