Industry (including construction), value added (current LCU) in Panama
Panama: Industry (including construction), value added (current LCU) was 22.53 billion current LCU in 2025. ◆ Volatile
Industry (including construction), value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Panama recorded 22.53 billion current LCU for industry (including construction), value added in 2025.
The figure is up 2.1% on the previous year and up 52.0% over ten years.
Over the whole period, industry (including construction), value added in Panama peaked at 22.76 billion current LCU in 2023 and was at its lowest, 341.25 million current LCU, in 1970.
Panama ranks 146th of 209 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 (current LCU) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 341.25 million current LCU | — |
| 1971 | 385.30 million current LCU | +12.9% |
| 1972 | 404.45 million current LCU | +5.0% |
| 1973 | 495.52 million current LCU | +22.5% |
| 1974 | 566.67 million current LCU | +14.4% |
| 1975 | 672.69 million current LCU | +18.7% |
| 1976 | 671.44 million current LCU | -0.2% |
| 1977 | 660.23 million current LCU | -1.7% |
| 1978 | 796.92 million current LCU | +20.7% |
| 1979 | 913.99 million current LCU | +14.7% |
| 1980 | 1.16 billion current LCU | +27.3% |
| 1981 | 1.28 billion current LCU | +10.3% |
| 1982 | 1.42 billion current LCU | +10.7% |
| 1983 | 1.36 billion current LCU | -4.2% |
| 1984 | 1.45 billion current LCU | +6.3% |
| 1985 | 1.69 billion current LCU | +16.6% |
| 1986 | 1.69 billion current LCU | +0.5% |
| 1987 | 1.66 billion current LCU | -2.3% |
| 1988 | 1.28 billion current LCU | -22.8% |
| 1989 | 1.23 billion current LCU | -3.6% |
| 1990 | 1.25 billion current LCU | +1.2% |
| 1991 | 1.53 billion current LCU | +22.3% |
| 1992 | 1.73 billion current LCU | +13.1% |
| 1993 | 1.99 billion current LCU | +15.3% |
| 1994 | 2.07 billion current LCU | +4.1% |
| 1995 | 2.16 billion current LCU | +4.4% |
| 1996 | 1.70 billion current LCU | -21.5% |
| 1997 | 1.78 billion current LCU | +4.7% |
| 1998 | 1.93 billion current LCU | +8.5% |
| 1999 | 2.21 billion current LCU | +14.4% |
| 2000 | 2.19 billion current LCU | -0.7% |
| 2001 | 2.01 billion current LCU | -8.2% |
| 2002 | 2.00 billion current LCU | -0.7% |
| 2003 | 2.28 billion current LCU | +14.3% |
| 2004 | 2.58 billion current LCU | +13.3% |
| 2005 | 2.82 billion current LCU | +9.0% |
| 2006 | 3.18 billion current LCU | +13.0% |
| 2007 | 3.78 billion current LCU | +18.7% |
| 2008 | 5.00 billion current LCU | +32.4% |
| 2009 | 5.24 billion current LCU | +4.7% |
| 2010 | 5.68 billion current LCU | +8.4% |
| 2011 | 6.91 billion current LCU | +21.8% |
| 2012 | 8.73 billion current LCU | +26.2% |
| 2013 | 11.46 billion current LCU | +31.3% |
| 2014 | 13.26 billion current LCU | +15.6% |
| 2015 | 14.82 billion current LCU | +11.8% |
| 2016 | 16.38 billion current LCU | +10.5% |
| 2017 | 18.18 billion current LCU | +10.9% |
| 2018 | 19.07 billion current LCU | +4.9% |
| 2019 | 19.83 billion current LCU | +4.0% |
| 2020 | 13.37 billion current LCU | -32.6% |
| 2021 | 17.77 billion current LCU | +32.9% |
| 2022 | 20.20 billion current LCU | +13.7% |
| 2023 | 22.76 billion current LCU | +12.7% |
| 2024 | 22.07 billion current LCU | -3.1% |
| 2025 | 22.53 billion current LCU | +2.1% |
Panama compared with similar countries
- Panama's 22.53 billion current LCU is below the median for high income countries, which is 60.84 billion current LCU, 37% of the median. (77 countries reporting)
- Panama's 22.53 billion current LCU is below the median for Latin America & Caribbean, which is 59.94 billion current LCU, 38% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 590.85 million current LCU | 341.25 million current LCU | 913.99 million current LCU | 10 |
| 1980s | 1.42 billion current LCU | 1.16 billion current LCU | 1.69 billion current LCU | 10 |
| 1990s | 1.83 billion current LCU | 1.25 billion current LCU | 2.21 billion current LCU | 10 |
| 2000s | 3.11 billion current LCU | 2.00 billion current LCU | 5.24 billion current LCU | 10 |
| 2010s | 13.43 billion current LCU | 5.68 billion current LCU | 19.83 billion current LCU | 10 |
| 2020s | 19.78 billion current LCU | 13.37 billion current LCU | 22.76 billion current LCU | 6 |
Countries ranked near Panama
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
Frequently asked questions
- What is industry (including construction), value added in Panama?
- Industry (including construction), value added in Panama was 22.53 billion current LCU 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 22.76 billion current LCU in 2023.
- What is the lowest industry (including construction), value added recorded in Panama?
- The lowest recorded value was 341.25 million current LCU in 1970.
- How does Panama rank for industry (including construction), value added?
- Panama ranks 146th out of 209 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Panama?
- Over the last ten years it is up 52.0%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.