Industry (including construction), value added in Panama
Panama: Industry (including construction), value added was 22.53 billion current US$ in 2025. ◆ Volatile
Industry (including construction), value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Panama recorded 22.53 billion current US$ for industry (including construction), value added in 2025.
Compared with earlier readings it 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 US$ in 2023 and was at its lowest, 341.25 million current US$, in 1970.
Panama ranks 81st of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 341.25 million current US$ | — |
| 1971 | 385.30 million current US$ | +12.9% |
| 1972 | 404.45 million current US$ | +5.0% |
| 1973 | 495.52 million current US$ | +22.5% |
| 1974 | 566.67 million current US$ | +14.4% |
| 1975 | 672.69 million current US$ | +18.7% |
| 1976 | 671.44 million current US$ | -0.2% |
| 1977 | 660.23 million current US$ | -1.7% |
| 1978 | 796.92 million current US$ | +20.7% |
| 1979 | 913.99 million current US$ | +14.7% |
| 1980 | 1.16 billion current US$ | +27.3% |
| 1981 | 1.28 billion current US$ | +10.3% |
| 1982 | 1.42 billion current US$ | +10.7% |
| 1983 | 1.36 billion current US$ | -4.2% |
| 1984 | 1.45 billion current US$ | +6.3% |
| 1985 | 1.69 billion current US$ | +16.6% |
| 1986 | 1.69 billion current US$ | +0.5% |
| 1987 | 1.66 billion current US$ | -2.3% |
| 1988 | 1.28 billion current US$ | -22.8% |
| 1989 | 1.23 billion current US$ | -3.6% |
| 1990 | 1.25 billion current US$ | +1.2% |
| 1991 | 1.53 billion current US$ | +22.3% |
| 1992 | 1.73 billion current US$ | +13.1% |
| 1993 | 1.99 billion current US$ | +15.3% |
| 1994 | 2.07 billion current US$ | +4.1% |
| 1995 | 2.16 billion current US$ | +4.4% |
| 1996 | 1.70 billion current US$ | -21.5% |
| 1997 | 1.78 billion current US$ | +4.7% |
| 1998 | 1.93 billion current US$ | +8.5% |
| 1999 | 2.21 billion current US$ | +14.4% |
| 2000 | 2.19 billion current US$ | -0.7% |
| 2001 | 2.01 billion current US$ | -8.2% |
| 2002 | 2.00 billion current US$ | -0.7% |
| 2003 | 2.28 billion current US$ | +14.3% |
| 2004 | 2.58 billion current US$ | +13.3% |
| 2005 | 2.82 billion current US$ | +9.0% |
| 2006 | 3.18 billion current US$ | +13.0% |
| 2007 | 3.78 billion current US$ | +18.7% |
| 2008 | 5.00 billion current US$ | +32.4% |
| 2009 | 5.24 billion current US$ | +4.7% |
| 2010 | 5.68 billion current US$ | +8.4% |
| 2011 | 6.91 billion current US$ | +21.8% |
| 2012 | 8.73 billion current US$ | +26.2% |
| 2013 | 11.46 billion current US$ | +31.3% |
| 2014 | 13.26 billion current US$ | +15.6% |
| 2015 | 14.82 billion current US$ | +11.8% |
| 2016 | 16.38 billion current US$ | +10.5% |
| 2017 | 18.18 billion current US$ | +10.9% |
| 2018 | 19.07 billion current US$ | +4.9% |
| 2019 | 19.83 billion current US$ | +4.0% |
| 2020 | 13.37 billion current US$ | -32.6% |
| 2021 | 17.77 billion current US$ | +32.9% |
| 2022 | 20.20 billion current US$ | +13.7% |
| 2023 | 22.76 billion current US$ | +12.7% |
| 2024 | 22.07 billion current US$ | -3.1% |
| 2025 | 22.53 billion current US$ | +2.1% |
Panama compared with similar countries
- Panama's 22.53 billion current US$ is below the median for high income countries, which is 25.19 billion current US$, 89% of the median. (77 countries reporting)
- Panama's 22.53 billion current US$ is above the median for Latin America & Caribbean, which is 8.88 billion current US$, 2.5× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 590.85 million current US$ | 341.25 million current US$ | 913.99 million current US$ | 10 |
| 1980s | 1.42 billion current US$ | 1.16 billion current US$ | 1.69 billion current US$ | 10 |
| 1990s | 1.83 billion current US$ | 1.25 billion current US$ | 2.21 billion current US$ | 10 |
| 2000s | 3.11 billion current US$ | 2.00 billion current US$ | 5.24 billion current US$ | 10 |
| 2010s | 13.43 billion current US$ | 5.68 billion current US$ | 19.83 billion current US$ | 10 |
| 2020s | 19.78 billion current US$ | 13.37 billion current US$ | 22.76 billion current US$ | 6 |
Countries ranked near Panama
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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added in Panama?
- Industry (including construction), value added in Panama was 22.53 billion current US$ 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 22.76 billion current US$ in 2023.
- What is the lowest industry (including construction), value added recorded in Panama?
- The lowest recorded value was 341.25 million current US$ in 1970.
- How does Panama rank for industry (including construction), value added?
- Panama ranks 81st 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.