Machinery and transport equipment in Panama
Panama: Machinery and transport equipment was 2.7% in 2020. ▲ Rising
Machinery and transport equipment in Panama, 1963–2020
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
Panama recorded 2.7% for machinery and transport equipment in 2020. That is the highest value across all 33 years on record.
Over the whole period, machinery and transport equipment in Panama peaked at 2.7% in 2001 and was at its lowest, 0.6%, in 1974.
That places Panama 105th out of 149 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Machinery and transport equipment in Panama, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1963 | 1.9% | — |
| 1964 | 2.1% | +14.2% |
| 1965 | 2.1% | -2.6% |
| 1966 | 1.9% | -8.2% |
| 1967 | 1.0% | -49.2% |
| 1968 | 0.7% | -22.6% |
| 1969 | 0.6% | -13.1% |
| 1970 | 1.0% | +47.9% |
| 1971 | 0.7% | -26.5% |
| 1972 | 0.9% | +31.4% |
| 1973 | 0.7% | -21.0% |
| 1974 | 0.6% | -14.2% |
| 1975 | 0.9% | +39.0% |
| 1976 | 1.1% | +22.0% |
| 1977 | 1.1% | +7.4% |
| 1978 | 0.9% | -25.1% |
| 1979 | 0.8% | -8.5% |
| 1980 | 1.1% | +41.9% |
| 1981 | 1.2% | +11.5% |
| 1982 | 1.4% | +12.3% |
| 1983 | 1.1% | -20.7% |
| 1984 | 2.3% | +106.8% |
| 1985 | 2.4% | +7.1% |
| 1986 | 2.0% | -17.7% |
| 1987 | 1.7% | -17.0% |
| 1988 | 1.7% | +0.3% |
| 1989 | 2.3% | +35.4% |
| 1990 | 1.1% | -50.7% |
| 1991 | 0.7% | -39.8% |
| 1995 | 2.6% | +294.3% |
| 2001 | 2.7% | +4.0% |
| 2019 | 2.7% | +0.0% |
| 2020 | 2.7% | +0.0% |
Panama compared with similar countries
- Panama's 2.7% is below the median for high income countries, which is 20.4%, 13% of the median. (56 countries reporting)
- Panama's 2.7% is below the median for Latin America & Caribbean, which is 4.0%, 68% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Machinery and transport equipment in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +294.3% | 0.7% | 2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.5% | 0.6% | 2.1% | 7 |
| 1970s | 0.9% | 0.6% | 1.1% | 10 |
| 1980s | 1.7% | 1.1% | 2.4% | 10 |
| 1990s | 1.5% | 0.7% | 2.6% | 3 |
| 2000s | 2.7% | 2.7% | 2.7% | 1 |
| 2010s | 2.7% | 2.7% | 2.7% | 1 |
| 2020s | 2.7% | 2.7% | 2.7% | 1 |
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 machinery and transport equipment in Panama?
- Machinery and transport equipment in Panama was 2.7% in 2020, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Panama?
- The highest recorded value was 2.7% in 2001.
- What is the lowest machinery and transport equipment recorded in Panama?
- The lowest recorded value was 0.6% in 1974.
- How does Panama rank for machinery and transport equipment?
- Panama ranks 105th out of 149 countries with data for 2020.
- Where does this Panama data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).