Imports of goods and services (current LCU) in Panama
Panama: Imports of goods and services (current LCU) was 34.02 billion current LCU in 2024. ◆ Volatile
Latest (2024)
34.02 billion current LCU
Change on year
down 5.0%
World rank
149th
of 193 countries
All-time high
35.80 billion current LCU
in 2023
All-time low
292.10 million current LCU
in 1960
Years of data
65
1960–2024
Imports of goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for imports of goods and services in Panama is 34.02 billion current LCU, measured in 2024.
Compared with earlier readings it is down 5.0% on the previous year and up 10.1% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 35.80 billion current LCU in 2023 and was at its lowest, 292.10 million current LCU, in 1960.
That places Panama 149th out of 193 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) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 292.10 million current LCU | — |
| 1961 | 321.49 million current LCU | +10.1% |
| 1962 | 372.81 million current LCU | +16.0% |
| 1963 | 434.33 million current LCU | +16.5% |
| 1964 | 441.97 million current LCU | +1.8% |
| 1965 | 496.43 million current LCU | +12.3% |
| 1966 | 560.30 million current LCU | +12.9% |
| 1967 | 603.79 million current LCU | +7.8% |
| 1968 | 630.83 million current LCU | +4.5% |
| 1969 | 731.33 million current LCU | +15.9% |
| 1970 | 832.02 million current LCU | +13.8% |
| 1971 | 925.39 million current LCU | +11.2% |
| 1972 | 1.03 billion current LCU | +11.3% |
| 1973 | 1.15 billion current LCU | +11.8% |
| 1974 | 1.81 billion current LCU | +56.8% |
| 1975 | 1.97 billion current LCU | +9.0% |
| 1976 | 1.92 billion current LCU | -2.4% |
| 1977 | 1.96 billion current LCU | +2.2% |
| 1978 | 2.17 billion current LCU | +10.4% |
| 1979 | 2.70 billion current LCU | +24.6% |
| 1980 | 3.34 billion current LCU | +23.8% |
| 1981 | 3.73 billion current LCU | +11.6% |
| 1982 | 3.46 billion current LCU | -7.2% |
| 1983 | 2.72 billion current LCU | -21.3% |
| 1984 | 2.93 billion current LCU | +7.5% |
| 1985 | 3.18 billion current LCU | +8.6% |
| 1986 | 3.41 billion current LCU | +7.3% |
| 1987 | 3.50 billion current LCU | +2.5% |
| 1988 | 2.82 billion current LCU | -19.2% |
| 1989 | 3.39 billion current LCU | +20.1% |
| 1990 | 4.14 billion current LCU | +21.9% |
| 1991 | 5.37 billion current LCU | +29.8% |
| 1992 | 6.32 billion current LCU | +17.6% |
| 1993 | 6.64 billion current LCU | +5.2% |
| 1994 | 7.26 billion current LCU | +9.4% |
| 1995 | 7.66 billion current LCU | +5.5% |
| 1996 | 7.56 billion current LCU | -1.4% |
| 1997 | 8.63 billion current LCU | +14.2% |
| 1998 | 8.93 billion current LCU | +3.5% |
| 1999 | 7.90 billion current LCU | -11.5% |
| 2000 | 8.41 billion current LCU | +6.4% |
| 2001 | 8.20 billion current LCU | -2.5% |
| 2002 | 8.09 billion current LCU | -1.3% |
| 2003 | 8.04 billion current LCU | -0.6% |
| 2004 | 9.69 billion current LCU | +20.5% |
| 2005 | 11.80 billion current LCU | +21.7% |
| 2006 | 13.49 billion current LCU | +14.3% |
| 2007 | 16.65 billion current LCU | +23.5% |
| 2008 | 22.19 billion current LCU | +33.3% |
| 2009 | 18.64 billion current LCU | -16.0% |
| 2010 | 22.80 billion current LCU | +22.3% |
| 2011 | 28.72 billion current LCU | +25.9% |
| 2012 | 32.72 billion current LCU | +13.9% |
| 2013 | 32.17 billion current LCU | -1.7% |
| 2014 | 30.90 billion current LCU | -3.9% |
| 2015 | 27.43 billion current LCU | -11.2% |
| 2016 | 25.49 billion current LCU | -7.1% |
| 2017 | 27.39 billion current LCU | +7.4% |
| 2018 | 29.47 billion current LCU | +7.6% |
| 2019 | 28.06 billion current LCU | -4.8% |
| 2020 | 18.51 billion current LCU | -34.1% |
| 2021 | 25.97 billion current LCU | +40.3% |
| 2022 | 34.76 billion current LCU | +33.9% |
| 2023 | 35.80 billion current LCU | +3.0% |
| 2024 | 34.02 billion current LCU | -5.0% |
Panama compared with similar countries
- Panama's 34.02 billion current LCU is below the median for high income countries, which is 188.39 billion current LCU, 18% of the median. (72 countries reporting)
- Panama's 34.02 billion current LCU is below the median for Latin America & Caribbean, which is 293.27 billion current LCU, 12% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 488.54 million current LCU | 292.10 million current LCU | 731.33 million current LCU | 10 |
| 1970s | 1.65 billion current LCU | 832.02 million current LCU | 2.70 billion current LCU | 10 |
| 1980s | 3.25 billion current LCU | 2.72 billion current LCU | 3.73 billion current LCU | 10 |
| 1990s | 7.04 billion current LCU | 4.14 billion current LCU | 8.93 billion current LCU | 10 |
| 2000s | 12.52 billion current LCU | 8.04 billion current LCU | 22.19 billion current LCU | 10 |
| 2010s | 28.51 billion current LCU | 22.80 billion current LCU | 32.72 billion current LCU | 10 |
| 2020s | 29.81 billion current LCU | 18.51 billion current LCU | 35.80 billion current LCU | 5 |
Countries ranked near Panama
- 146 Azerbaijan 47.52 billion current LCU compare
- 147 Turkmenistan 37.10 billion current LCU compare
- 148 Ecuador 36.38 billion current LCU compare
- 150 Cyprus 33.54 billion current LCU compare
- 151 Seychelles 32.57 billion current LCU compare
- 152 Estonia 32.21 billion current LCU 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 34.02 billion current LCU 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 35.80 billion current LCU in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 292.10 million current LCU in 1960.
- How does Panama rank for imports of goods and services?
- Panama ranks 149th out of 193 countries with data for 2024.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 10.1%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.