Industry (including construction), value added in Panama
Panama: Industry (including construction), value added was 24.9% in 2025. ▬ Flat
Industry (including construction), value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2025, industry (including construction), value added in Panama stood at 24.9%.
That represents a change of down 2.4% on the previous year and down 6.3% over ten years.
Over the whole period, industry (including construction), value added in Panama peaked at 28.4% in 2019 and was at its lowest, 15.6%, in 2002.
That places Panama 90th out of 207 countries with data for 2025, putting it in the middle of the range.
Industry (including construction), value added in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.3% | — |
| 1971 | 25.3% | +0.1% |
| 1972 | 24.2% | -4.4% |
| 1973 | 25.9% | +7.1% |
| 1974 | 25.9% | +0.0% |
| 1975 | 27.6% | +6.7% |
| 1976 | 25.9% | -6.1% |
| 1977 | 24.1% | -7.1% |
| 1978 | 24.6% | +1.9% |
| 1979 | 24.7% | +0.4% |
| 1980 | 25.2% | +2.2% |
| 1981 | 24.6% | -2.6% |
| 1982 | 24.6% | +0.2% |
| 1983 | 23.0% | -6.7% |
| 1984 | 23.4% | +1.9% |
| 1985 | 25.8% | +10.2% |
| 1986 | 24.9% | -3.3% |
| 1987 | 24.3% | -2.7% |
| 1988 | 21.7% | -10.7% |
| 1989 | 20.8% | -3.9% |
| 1990 | 19.4% | -6.9% |
| 1991 | 21.6% | +11.3% |
| 1992 | 21.5% | -0.5% |
| 1993 | 22.7% | +5.6% |
| 1994 | 22.1% | -2.4% |
| 1995 | 22.6% | +2.1% |
| 1996 | 18.5% | -18.3% |
| 1997 | 17.7% | -4.3% |
| 1998 | 17.5% | -1.0% |
| 1999 | 18.9% | +8.1% |
| 2000 | 18.3% | -3.3% |
| 2001 | 16.4% | -10.4% |
| 2002 | 15.6% | -5.0% |
| 2003 | 16.8% | +7.5% |
| 2004 | 17.1% | +2.1% |
| 2005 | 16.9% | -1.0% |
| 2006 | 17.1% | +0.7% |
| 2007 | 17.4% | +2.0% |
| 2008 | 19.4% | +11.8% |
| 2009 | 18.8% | -3.1% |
| 2010 | 18.8% | -0.4% |
| 2011 | 19.4% | +3.2% |
| 2012 | 21.0% | +8.3% |
| 2013 | 24.4% | +16.4% |
| 2014 | 25.8% | +5.6% |
| 2015 | 26.6% | +3.1% |
| 2016 | 27.4% | +3.1% |
| 2017 | 28.3% | +3.1% |
| 2018 | 28.3% | +0.3% |
| 2019 | 28.4% | +0.3% |
| 2020 | 23.4% | -17.5% |
| 2021 | 26.4% | +12.5% |
| 2022 | 26.4% | +0.2% |
| 2023 | 27.2% | +2.8% |
| 2024 | 25.5% | -6.1% |
| 2025 | 24.9% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.3% | 24.1% | 27.6% | 10 |
| 1980s | 23.8% | 20.8% | 25.8% | 10 |
| 1990s | 20.2% | 17.5% | 22.7% | 10 |
| 2000s | 17.4% | 15.6% | 19.4% | 10 |
| 2010s | 24.8% | 18.8% | 28.4% | 10 |
| 2020s | 25.6% | 23.4% | 27.2% | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is industry (including construction), value added in Panama?
- Industry (including construction), value added in Panama was 24.9% 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 28.4% in 2019.
- What is the lowest industry (including construction), value added recorded in Panama?
- The lowest recorded value was 15.6% in 2002.
- How does Panama rank for industry (including construction), value added?
- Panama ranks 90th out of 207 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Panama?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.