Share of manufacturing in gross domestic product (GDP) in Panama
Panama: Share of manufacturing in gross domestic product (GDP) was 4.8% in 2025. ▼ Falling
Share of manufacturing in gross domestic product (GDP) in Panama, 1970–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Panama recorded 4.8% for share of manufacturing in gross domestic product (gdp) in 2025. That is the lowest value across all 56 years on record.
The figure is down 2.9% on the previous year and down 23.4% over ten years.
Over the whole period, share of manufacturing in gross domestic product (gdp) in Panama peaked at 21.3% in 1975 and was at its lowest, 4.8%, in 2025.
Panama ranks 159th of 202 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 56 years of available data.
Share of manufacturing in gross domestic product (GDP) in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 20.7% | — |
| 1971 | 19.6% | -5.4% |
| 1972 | 18.5% | -5.5% |
| 1973 | 18.5% | -0.2% |
| 1974 | 20.3% | +9.7% |
| 1975 | 21.3% | +5.0% |
| 1976 | 18.4% | -13.4% |
| 1977 | 18.8% | +1.8% |
| 1978 | 17.1% | -8.9% |
| 1979 | 17.4% | +1.7% |
| 1980 | 17.3% | -0.4% |
| 1981 | 15.4% | -10.9% |
| 1982 | 14.7% | -4.6% |
| 1983 | 16.1% | +9.5% |
| 1984 | 16.8% | +4.0% |
| 1985 | 19.4% | +15.7% |
| 1986 | 17.7% | -8.6% |
| 1987 | 16.9% | -4.4% |
| 1988 | 15.1% | -11.2% |
| 1989 | 14.8% | -1.8% |
| 1990 | 15.3% | +3.6% |
| 1991 | 15.5% | +1.5% |
| 1992 | 15.1% | -2.6% |
| 1993 | 14.3% | -5.4% |
| 1994 | 13.9% | -2.7% |
| 1995 | 14.2% | +2.1% |
| 1996 | 11.9% | -16.3% |
| 1997 | 10.8% | -9.0% |
| 1998 | 10.6% | -2.0% |
| 1999 | 10.5% | -0.8% |
| 2000 | 9.9% | -6.4% |
| 2001 | 9.2% | -6.3% |
| 2002 | 8.5% | -7.9% |
| 2003 | 8.1% | -4.4% |
| 2004 | 7.9% | -2.8% |
| 2005 | 7.7% | -2.8% |
| 2006 | 7.4% | -3.5% |
| 2007 | 7.0% | -5.3% |
| 2008 | 6.9% | -1.3% |
| 2009 | 7.1% | +2.9% |
| 2010 | 6.9% | -2.7% |
| 2011 | 6.2% | -10.8% |
| 2012 | 6.1% | -1.6% |
| 2013 | 6.5% | +6.5% |
| 2014 | 6.5% | -0.3% |
| 2015 | 6.3% | -3.2% |
| 2016 | 6.1% | -3.4% |
| 2017 | 5.9% | -2.0% |
| 2018 | 5.7% | -3.1% |
| 2019 | 5.7% | -1.2% |
| 2020 | 5.7% | -0.1% |
| 2021 | 5.3% | -6.8% |
| 2022 | 5.1% | -3.9% |
| 2023 | 5.0% | -2.5% |
| 2024 | 4.9% | -0.3% |
| 2025 | 4.8% | -2.9% |
Panama compared with similar countries
- Panama's 4.8% is below the median for high income countries, which is 9.5%, 51% of the median. (75 countries reporting)
- Panama's 4.8% is below the median for Latin America & Caribbean, which is 9.9%, 48% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.1% | 17.1% | 21.3% | 10 |
| 1980s | 16.4% | 14.7% | 19.4% | 10 |
| 1990s | 13.2% | 10.5% | 15.5% | 10 |
| 2000s | 8.0% | 6.9% | 9.9% | 10 |
| 2010s | 6.2% | 5.7% | 6.9% | 10 |
| 2020s | 5.1% | 4.8% | 5.7% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is share of manufacturing in gross domestic product (gdp) in Panama?
- Share of manufacturing in gross domestic product (gdp) in Panama was 4.8% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Panama?
- The highest recorded value was 21.3% in 1975.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Panama?
- The lowest recorded value was 4.8% in 2025.
- How does Panama rank for share of manufacturing in gross domestic product (gdp)?
- Panama ranks 159th out of 202 countries with data for 2025.
- Is share of manufacturing in gross domestic product (gdp) rising or falling in Panama?
- Over the last ten years it is down 23.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.