Imports of goods and services in Panama
Panama: Imports of goods and services was -2.6% in 2024. ◆ Volatile
Imports of goods and services in Panama, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, imports of goods and services in Panama stood at -2.6%.
That represents a change of down 138.8% on the previous year and up 44.7% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 31.5% in 2021 and was at its lowest, -26.5%, in 2020.
That places Panama 159th out of 178 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1997 | 8.2% | — |
| 1998 | 9.5% | +15.6% |
| 1999 | -13.3% | -240.3% |
| 2000 | 12.8% | -196.0% |
| 2001 | -3.2% | -125.0% |
| 2002 | 0.8% | -125.2% |
| 2003 | -3.4% | -516.5% |
| 2004 | 14.1% | -517.9% |
| 2005 | 14.5% | +3.3% |
| 2006 | 10.1% | -30.7% |
| 2007 | 18.3% | +82.2% |
| 2008 | 23.0% | +25.6% |
| 2009 | -11.4% | -149.5% |
| 2010 | 18.6% | -263.3% |
| 2011 | 15.4% | -17.3% |
| 2012 | 10.4% | -32.3% |
| 2013 | -1.9% | -118.1% |
| 2014 | -4.7% | +150.3% |
| 2015 | -1.1% | -77.6% |
| 2016 | -5.5% | +422.1% |
| 2017 | 3.9% | -169.6% |
| 2018 | 4.2% | +9.5% |
| 2019 | -1.8% | -143.7% |
| 2020 | -26.5% | +1334.5% |
| 2021 | 31.5% | -218.9% |
| 2022 | 24.0% | -23.7% |
| 2023 | 6.7% | -72.0% |
| 2024 | -2.6% | -138.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | -13.3% | 9.5% | 3 |
| 2000s | 7.6% | -11.4% | 23.0% | 10 |
| 2010s | 3.8% | -5.5% | 18.6% | 10 |
| 2020s | 6.6% | -26.5% | 31.5% | 5 |
Countries ranked near Panama
- 156 Congo, Democratic Republic of the -1.7% compare
- 157 Dominican Republic -1.8% compare
- 158 Macau, China -2.6% compare
- 160 Samoa -2.9% compare
- 161 Djibouti -2.9% compare
- 162 Kyrgyzstan -3.6% 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)
- Total reserves minus gold (current US$), annual growth rate -8.97 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.069 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,365 current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.41 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.124 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 2,377 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 4.41 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.124 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is imports of goods and services in Panama?
- Imports of goods and services in Panama was -2.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Panama?
- The highest recorded value was 31.5% in 2021.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was -26.5% in 2020.
- How does Panama rank for imports of goods and services?
- Panama ranks 159th out of 178 countries with data for 2024.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 44.7%. 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 Offices (NSOs), published as part of Imports of goods and services (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.