Imports of goods and services (constant 2015 US$) in Panama
Panama: Imports of goods and services (constant 2015 US$) was 34.32 billion constant 2015 US$ in 2024. ▲ Rising
Imports of goods and services in Panama, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, imports of goods and services in Panama stood at 34.32 billion constant 2015 US$.
The figure is down 2.6% on the previous year and up 23.8% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 35.24 billion constant 2015 US$ in 2023 and was at its lowest, 9.69 billion constant 2015 US$, in 1996.
Panama ranks 68th of 172 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Imports of goods and services (constant 2015 US$) in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1996 | 9.69 billion constant 2015 US$ | — |
| 1997 | 10.48 billion constant 2015 US$ | +8.2% |
| 1998 | 11.48 billion constant 2015 US$ | +9.5% |
| 1999 | 9.95 billion constant 2015 US$ | -13.3% |
| 2000 | 11.22 billion constant 2015 US$ | +12.8% |
| 2001 | 10.86 billion constant 2015 US$ | -3.2% |
| 2002 | 10.95 billion constant 2015 US$ | +0.8% |
| 2003 | 10.58 billion constant 2015 US$ | -3.4% |
| 2004 | 12.07 billion constant 2015 US$ | +14.1% |
| 2005 | 13.82 billion constant 2015 US$ | +14.5% |
| 2006 | 15.21 billion constant 2015 US$ | +10.1% |
| 2007 | 18.00 billion constant 2015 US$ | +18.3% |
| 2008 | 22.15 billion constant 2015 US$ | +23.0% |
| 2009 | 19.62 billion constant 2015 US$ | -11.4% |
| 2010 | 23.27 billion constant 2015 US$ | +18.6% |
| 2011 | 26.86 billion constant 2015 US$ | +15.4% |
| 2012 | 29.67 billion constant 2015 US$ | +10.4% |
| 2013 | 29.10 billion constant 2015 US$ | -1.9% |
| 2014 | 27.73 billion constant 2015 US$ | -4.7% |
| 2015 | 27.43 billion constant 2015 US$ | -1.1% |
| 2016 | 25.91 billion constant 2015 US$ | -5.5% |
| 2017 | 26.91 billion constant 2015 US$ | +3.9% |
| 2018 | 28.05 billion constant 2015 US$ | +4.2% |
| 2019 | 27.53 billion constant 2015 US$ | -1.8% |
| 2020 | 20.24 billion constant 2015 US$ | -26.5% |
| 2021 | 26.62 billion constant 2015 US$ | +31.5% |
| 2022 | 33.02 billion constant 2015 US$ | +24.0% |
| 2023 | 35.24 billion constant 2015 US$ | +6.7% |
| 2024 | 34.32 billion constant 2015 US$ | -2.6% |
Panama compared with similar countries
- Panama's 34.32 billion constant 2015 US$ is below the median for high income countries, which is 97.94 billion constant 2015 US$, 35% of the median. (63 countries reporting)
- Panama's 34.32 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 19.72 billion constant 2015 US$, 1.7× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.40 billion constant 2015 US$ | 9.69 billion constant 2015 US$ | 11.48 billion constant 2015 US$ | 4 |
| 2000s | 14.45 billion constant 2015 US$ | 10.58 billion constant 2015 US$ | 22.15 billion constant 2015 US$ | 10 |
| 2010s | 27.25 billion constant 2015 US$ | 23.27 billion constant 2015 US$ | 29.67 billion constant 2015 US$ | 10 |
| 2020s | 29.89 billion constant 2015 US$ | 20.24 billion constant 2015 US$ | 35.24 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 65 Oman 42.32 billion constant 2015 US$ compare
- 66 Belarus 42.11 billion constant 2015 US$ compare
- 67 Uzbekistan 38.73 billion constant 2015 US$ compare
- 69 Cyprus 33.27 billion constant 2015 US$ compare
- 70 Bahrain 30.94 billion constant 2015 US$ compare
- 71 Guatemala 30.81 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 imports of goods and services in Panama?
- Imports of goods and services in Panama was 34.32 billion constant 2015 US$ 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 35.24 billion constant 2015 US$ in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 9.69 billion constant 2015 US$ in 1996.
- How does Panama rank for imports of goods and services?
- Panama ranks 68th out of 172 countries with data for 2024.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 23.8%. 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 Offices (NSOs), published as part of Imports of goods and services (constant 2015 US$). 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 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.