Value of imported goods as a share of GDP in Panama
Panama: Value of imported goods as a share of GDP was 11.5% in 2024. ▼ Falling
Value of imported goods as a share of GDP in Panama, 1960–2024
Source: International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for value of imported goods as a share of gdp in Panama is 11.5%, measured in 2024.
The figure is down 7.4% on the previous year and down 41.5% over ten years.
Over the whole period, value of imported goods as a share of gdp in Panama peaked at 32.1% in 1975 and was at its lowest, 11.4%, in 2020.
That places Panama 189th out of 201 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 65 years of available data.
Value of imported goods as a share of GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 16.5% | — |
| 1961 | 16.7% | +0.9% |
| 1962 | 19.1% | +14.9% |
| 1963 | 21.1% | +10.2% |
| 1964 | 20.4% | -3.2% |
| 1965 | 20.5% | +0.4% |
| 1966 | 21.4% | +4.6% |
| 1967 | 19.9% | -7.0% |
| 1968 | 20.0% | +0.3% |
| 1969 | 21.1% | +5.4% |
| 1970 | 22.2% | +5.1% |
| 1971 | 21.8% | -1.5% |
| 1972 | 22.0% | +0.7% |
| 1973 | 22.0% | +0.3% |
| 1974 | 32.0% | +45.4% |
| 1975 | 32.1% | +0.1% |
| 1976 | 29.4% | -8.3% |
| 1977 | 27.8% | -5.5% |
| 1978 | 24.9% | -10.4% |
| 1979 | 27.9% | +12.0% |
| 1980 | 27.8% | -0.4% |
| 1981 | 26.1% | -6.1% |
| 1982 | 23.9% | -8.4% |
| 1983 | 20.4% | -14.7% |
| 1984 | 19.7% | -3.6% |
| 1985 | 18.0% | -8.4% |
| 1986 | 15.7% | -12.7% |
| 1987 | 16.1% | +2.4% |
| 1988 | 11.5% | -28.9% |
| 1989 | 12.9% | +13.1% |
| 1990 | 18.6% | +43.5% |
| 1991 | 19.5% | +4.9% |
| 1992 | 20.8% | +6.4% |
| 1993 | 20.5% | -1.4% |
| 1994 | 21.4% | +4.4% |
| 1995 | 22.2% | +3.8% |
| 1996 | 25.7% | +15.8% |
| 1997 | 25.5% | -0.8% |
| 1998 | 26.5% | +4.1% |
| 1999 | 25.8% | -2.9% |
| 2000 | 25.8% | +0.2% |
| 2001 | 21.1% | -18.4% |
| 2002 | 20.2% | -4.4% |
| 2003 | 19.3% | -4.4% |
| 2004 | 19.7% | +2.2% |
| 2005 | 20.4% | +3.4% |
| 2006 | 20.8% | +2.0% |
| 2007 | 25.7% | +23.5% |
| 2008 | 25.9% | +0.7% |
| 2009 | 20.2% | -21.9% |
| 2010 | 21.3% | +5.5% |
| 2011 | 21.2% | -0.4% |
| 2012 | 20.4% | -3.7% |
| 2013 | 19.7% | -3.8% |
| 2014 | 19.6% | -0.4% |
| 2015 | 17.2% | -12.1% |
| 2016 | 15.6% | -9.6% |
| 2017 | 15.5% | -0.6% |
| 2018 | 15.0% | -3.0% |
| 2019 | 14.1% | -6.1% |
| 2020 | 11.4% | -19.3% |
| 2021 | 15.2% | +33.7% |
| 2022 | 14.6% | -4.0% |
| 2023 | 12.4% | -15.4% |
| 2024 | 11.5% | -7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.7% | 16.5% | 21.4% | 10 |
| 1970s | 26.2% | 21.8% | 32.1% | 10 |
| 1980s | 19.2% | 11.5% | 27.8% | 10 |
| 1990s | 22.6% | 18.6% | 26.5% | 10 |
| 2000s | 21.9% | 19.3% | 25.9% | 10 |
| 2010s | 18.0% | 14.1% | 21.3% | 10 |
| 2020s | 13.0% | 11.4% | 15.2% | 5 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 10,575 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.9496 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 18,195 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.9496 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 18,195 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.9641 % change on previous year (2024)
Frequently asked questions
- What is value of imported goods as a share of gdp in Panama?
- Value of imported goods as a share of gdp in Panama was 11.5% in 2024, according to International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Panama?
- The highest recorded value was 32.1% in 1975.
- What is the lowest value of imported goods as a share of gdp recorded in Panama?
- The lowest recorded value was 11.4% in 2020.
- How does Panama rank for value of imported goods as a share of gdp?
- Panama ranks 189th out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Panama?
- Over the last ten years it is down 41.5%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).