Industry (including construction), value added in Panama
Panama: Industry (including construction), value added was 18.61 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
18.61 billion constant 2015 US$
Change on year
up 2.5%
World rank
78th
of 196 countries
All-time high
18.71 billion constant 2015 US$
in 2023
All-time low
1.53 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Industry (including construction), value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, industry (including construction), value added in Panama stood at 18.61 billion constant 2015 US$.
Compared with earlier readings it is up 2.5% on the previous year and up 25.5% over ten years.
Over the whole period, industry (including construction), value added in Panama peaked at 18.71 billion constant 2015 US$ in 2023 and was at its lowest, 1.53 billion constant 2015 US$, in 1970.
Panama ranks 78th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 1.53 billion constant 2015 US$ | — |
| 1971 | 1.72 billion constant 2015 US$ | +12.4% |
| 1972 | 1.78 billion constant 2015 US$ | +3.9% |
| 1973 | 1.98 billion constant 2015 US$ | +11.3% |
| 1974 | 1.92 billion constant 2015 US$ | -3.0% |
| 1975 | 1.98 billion constant 2015 US$ | +3.1% |
| 1976 | 2.06 billion constant 2015 US$ | +3.7% |
| 1977 | 1.90 billion constant 2015 US$ | -7.7% |
| 1978 | 2.13 billion constant 2015 US$ | +12.4% |
| 1979 | 2.29 billion constant 2015 US$ | +7.5% |
| 1980 | 2.52 billion constant 2015 US$ | +10.0% |
| 1981 | 2.66 billion constant 2015 US$ | +5.6% |
| 1982 | 2.79 billion constant 2015 US$ | +4.9% |
| 1983 | 2.39 billion constant 2015 US$ | -14.5% |
| 1984 | 2.49 billion constant 2015 US$ | +4.2% |
| 1985 | 2.67 billion constant 2015 US$ | +7.2% |
| 1986 | 2.79 billion constant 2015 US$ | +4.4% |
| 1987 | 2.83 billion constant 2015 US$ | +1.6% |
| 1988 | 2.23 billion constant 2015 US$ | -21.0% |
| 1989 | 2.15 billion constant 2015 US$ | -3.8% |
| 1990 | 2.36 billion constant 2015 US$ | +9.7% |
| 1991 | 2.70 billion constant 2015 US$ | +14.5% |
| 1992 | 2.96 billion constant 2015 US$ | +9.5% |
| 1993 | 3.41 billion constant 2015 US$ | +15.3% |
| 1994 | 3.56 billion constant 2015 US$ | +4.3% |
| 1995 | 3.61 billion constant 2015 US$ | +1.4% |
| 1996 | 2.89 billion constant 2015 US$ | -19.8% |
| 1997 | 3.13 billion constant 2015 US$ | +8.3% |
| 1998 | 3.31 billion constant 2015 US$ | +5.8% |
| 1999 | 3.75 billion constant 2015 US$ | +13.3% |
| 2000 | 3.73 billion constant 2015 US$ | -0.7% |
| 2001 | 3.39 billion constant 2015 US$ | -9.0% |
| 2002 | 3.43 billion constant 2015 US$ | +1.0% |
| 2003 | 3.78 billion constant 2015 US$ | +10.4% |
| 2004 | 4.16 billion constant 2015 US$ | +9.9% |
| 2005 | 4.39 billion constant 2015 US$ | +5.7% |
| 2006 | 4.90 billion constant 2015 US$ | +11.5% |
| 2007 | 5.70 billion constant 2015 US$ | +16.3% |
| 2008 | 6.60 billion constant 2015 US$ | +15.9% |
| 2009 | 6.84 billion constant 2015 US$ | +3.5% |
| 2010 | 7.32 billion constant 2015 US$ | +7.1% |
| 2011 | 8.57 billion constant 2015 US$ | +17.0% |
| 2012 | 10.34 billion constant 2015 US$ | +20.7% |
| 2013 | 12.10 billion constant 2015 US$ | +17.0% |
| 2014 | 13.40 billion constant 2015 US$ | +10.7% |
| 2015 | 14.82 billion constant 2015 US$ | +10.6% |
| 2016 | 15.78 billion constant 2015 US$ | +6.5% |
| 2017 | 16.90 billion constant 2015 US$ | +7.1% |
| 2018 | 17.33 billion constant 2015 US$ | +2.5% |
| 2019 | 17.61 billion constant 2015 US$ | +1.6% |
| 2020 | 11.55 billion constant 2015 US$ | -34.4% |
| 2021 | 14.98 billion constant 2015 US$ | +29.7% |
| 2022 | 16.87 billion constant 2015 US$ | +12.7% |
| 2023 | 18.71 billion constant 2015 US$ | +10.9% |
| 2024 | 18.16 billion constant 2015 US$ | -3.0% |
| 2025 | 18.61 billion constant 2015 US$ | +2.5% |
Panama compared with similar countries
- Panama's 18.61 billion constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 69% of the median. (69 countries reporting)
- Panama's 18.61 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 6.95 billion constant 2015 US$, 2.7× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.93 billion constant 2015 US$ | 1.53 billion constant 2015 US$ | 2.29 billion constant 2015 US$ | 10 |
| 1980s | 2.55 billion constant 2015 US$ | 2.15 billion constant 2015 US$ | 2.83 billion constant 2015 US$ | 10 |
| 1990s | 3.17 billion constant 2015 US$ | 2.36 billion constant 2015 US$ | 3.75 billion constant 2015 US$ | 10 |
| 2000s | 4.69 billion constant 2015 US$ | 3.39 billion constant 2015 US$ | 6.84 billion constant 2015 US$ | 10 |
| 2010s | 13.42 billion constant 2015 US$ | 7.32 billion constant 2015 US$ | 17.61 billion constant 2015 US$ | 10 |
| 2020s | 16.48 billion constant 2015 US$ | 11.55 billion constant 2015 US$ | 18.71 billion constant 2015 US$ | 6 |
Countries ranked near Panama
- 75 Cote d'Ivoire 19.43 billion constant 2015 US$ compare
- 76 Guatemala 19.01 billion constant 2015 US$ compare
- 77 Kenya 18.76 billion constant 2015 US$ compare
- 79 Cambodia 18.33 billion constant 2015 US$ compare
- 80 Costa Rica 17.42 billion constant 2015 US$ compare
- 81 Slovenia 16.79 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)
- 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added in Panama?
- Industry (including construction), value added in Panama was 18.61 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Panama?
- The highest recorded value was 18.71 billion constant 2015 US$ in 2023.
- What is the lowest industry (including construction), value added recorded in Panama?
- The lowest recorded value was 1.53 billion constant 2015 US$ in 1970.
- How does Panama rank for industry (including construction), value added?
- Panama ranks 78th out of 196 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Panama?
- Over the last ten years it is up 25.5%. 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 Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.