Imports of goods and services (current LCU), annual growth rate in Panama
Panama: Imports of goods and services (current LCU), annual growth rate was -4.99 % change on previous year in 2024. ◆ Volatile
Imports of goods and services (current LCU), annual growth rate in Panama, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, imports of goods and services (current lcu), annual growth rate in Panama stood at -4.99 % change on previous year.
The figure is down 265.9% on the previous year and down 26.7% over ten years.
Over the whole period, imports of goods and services (current lcu), annual growth rate in Panama peaked at 56.8 % change on previous year in 1974 and was at its lowest, -34.05 % change on previous year, in 2020.
That places Panama 181st out of 192 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 (current LCU), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 10.06 % change on previous year | — |
| 1962 | 15.97 % change on previous year | +58.7% |
| 1963 | 16.5 % change on previous year | +3.3% |
| 1964 | 1.76 % change on previous year | -89.3% |
| 1965 | 12.32 % change on previous year | +600.5% |
| 1966 | 12.87 % change on previous year | +4.4% |
| 1967 | 7.76 % change on previous year | -39.7% |
| 1968 | 4.48 % change on previous year | -42.3% |
| 1969 | 15.93 % change on previous year | +255.8% |
| 1970 | 13.77 % change on previous year | -13.6% |
| 1971 | 11.22 % change on previous year | -18.5% |
| 1972 | 11.35 % change on previous year | +1.1% |
| 1973 | 11.81 % change on previous year | +4.1% |
| 1974 | 56.8 % change on previous year | +380.7% |
| 1975 | 8.97 % change on previous year | -84.2% |
| 1976 | -2.42 % change on previous year | -127.0% |
| 1977 | 2.22 % change on previous year | -191.9% |
| 1978 | 10.36 % change on previous year | +365.7% |
| 1979 | 24.64 % change on previous year | +137.8% |
| 1980 | 23.79 % change on previous year | -3.4% |
| 1981 | 11.56 % change on previous year | -51.4% |
| 1982 | -7.24 % change on previous year | -162.6% |
| 1983 | -21.26 % change on previous year | +193.6% |
| 1984 | 7.5 % change on previous year | -135.3% |
| 1985 | 8.58 % change on previous year | +14.4% |
| 1986 | 7.34 % change on previous year | -14.4% |
| 1987 | 2.46 % change on previous year | -66.5% |
| 1988 | -19.23 % change on previous year | -883.1% |
| 1989 | 20.13 % change on previous year | -204.7% |
| 1990 | 21.91 % change on previous year | +8.8% |
| 1991 | 29.78 % change on previous year | +36.0% |
| 1992 | 17.61 % change on previous year | -40.9% |
| 1993 | 5.17 % change on previous year | -70.7% |
| 1994 | 9.38 % change on previous year | +81.5% |
| 1995 | 5.51 % change on previous year | -41.3% |
| 1996 | -1.39 % change on previous year | -125.2% |
| 1997 | 14.18 % change on previous year | -1122.0% |
| 1998 | 3.53 % change on previous year | -75.1% |
| 1999 | -11.54 % change on previous year | -427.4% |
| 2000 | 6.36 % change on previous year | -155.1% |
| 2001 | -2.5 % change on previous year | -139.3% |
| 2002 | -1.29 % change on previous year | -48.3% |
| 2003 | -0.5599 % change on previous year | -56.6% |
| 2004 | 20.48 % change on previous year | -3758.8% |
| 2005 | 21.74 % change on previous year | +6.1% |
| 2006 | 14.31 % change on previous year | -34.2% |
| 2007 | 23.48 % change on previous year | +64.2% |
| 2008 | 33.26 % change on previous year | +41.6% |
| 2009 | -16 % change on previous year | -148.1% |
| 2010 | 22.31 % change on previous year | -239.4% |
| 2011 | 25.94 % change on previous year | +16.3% |
| 2012 | 13.95 % change on previous year | -46.2% |
| 2013 | -1.7 % change on previous year | -112.2% |
| 2014 | -3.94 % change on previous year | +132.0% |
| 2015 | -11.21 % change on previous year | +184.6% |
| 2016 | -7.08 % change on previous year | -36.9% |
| 2017 | 7.44 % change on previous year | -205.1% |
| 2018 | 7.61 % change on previous year | +2.3% |
| 2019 | -4.79 % change on previous year | -162.9% |
| 2020 | -34.05 % change on previous year | +610.6% |
| 2021 | 40.31 % change on previous year | -218.4% |
| 2022 | 33.86 % change on previous year | -16.0% |
| 2023 | 3.01 % change on previous year | -91.1% |
| 2024 | -4.99 % change on previous year | -265.9% |
Panama compared with similar countries
- Panama's -4.99 % change on previous year is below the median for high income countries, which is 4.42 % change on previous year. (72 countries reporting)
- Panama's -4.99 % change on previous year is below the median for Latin America & Caribbean, which is 9.69 % change on previous year. (28 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services (current LCU), annual growth rate in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +3758.8% | -0.5599 % change on previous year | 20.48 % change on previous year |
| 1997 | +1122.0% | -1.39 % change on previous year | 14.18 % change on previous year |
| 1988 | -883.1% | 2.46 % change on previous year | -19.23 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.85 % change on previous year | 1.76 % change on previous year | 16.5 % change on previous year | 9 |
| 1970s | 14.87 % change on previous year | -2.42 % change on previous year | 56.8 % change on previous year | 10 |
| 1980s | 3.36 % change on previous year | -21.26 % change on previous year | 23.79 % change on previous year | 10 |
| 1990s | 9.41 % change on previous year | -11.54 % change on previous year | 29.78 % change on previous year | 10 |
| 2000s | 9.93 % change on previous year | -16 % change on previous year | 33.26 % change on previous year | 10 |
| 2010s | 4.85 % change on previous year | -11.21 % change on previous year | 25.94 % change on previous year | 10 |
| 2020s | 7.63 % change on previous year | -34.05 % change on previous year | 40.31 % change on previous year | 5 |
Countries ranked near Panama
- 178 Greece -3.18 % change on previous year compare
- 179 San Marino -3.45 % change on previous year compare
- 180 Rwanda -4.69 % change on previous year compare
- 182 Faroe Islands -6.2 % change on previous year compare
- 183 Russia -6.49 % change on previous year compare
- 184 Djibouti -7.07 % change on previous year 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 (current lcu), annual growth rate in Panama?
- Imports of goods and services (current lcu), annual growth rate in Panama was -4.99 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest imports of goods and services (current lcu), annual growth rate recorded in Panama?
- The highest recorded value was 56.8 % change on previous year in 1974.
- What is the lowest imports of goods and services (current lcu), annual growth rate recorded in Panama?
- The lowest recorded value was -34.05 % change on previous year in 2020.
- How does Panama rank for imports of goods and services (current lcu), annual growth rate?
- Panama ranks 181st out of 192 countries with data for 2024.
- Is imports of goods and services (current lcu), annual growth rate rising or falling in Panama?
- Over the last ten years it is down 26.7%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Imports of goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Imports of goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Imports of goods and services Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Imports of goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.