Value of imported goods as a share of GDP (International Monetary) in Panama
Panama: Value of imported goods as a share of GDP (International Monetary) was 11.1% in 2025. ▼ Falling
Value of imported goods as a share of GDP in Panama, 1960–2025
Source: International Monetary Fund (2026); 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 11.1%, measured in 2025. That is the lowest value across all 66 years on record.
The figure is down 2.9% on the previous year and down 35.4% 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, 11.1%, in 2025.
That places Panama 192nd out of 201 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 66 years of available data.
Value of imported goods as a share of GDP (International Monetary) 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 | 26.6% | +3.1% |
| 2001 | 21.1% | -20.7% |
| 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% |
| 2025 | 11.1% | -2.9% |
Panama compared with similar countries
- Panama's 11.1% is below the median for high income countries, which is 30.4%, 37% of the median. (73 countries reporting)
- Panama's 11.1% is below the median for Latin America & Caribbean, which is 29.0%, 38% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Value of imported goods as a share of GDP (International Monetary) 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 |
|---|---|---|---|
| 1974 | +45.4% | 22.0% | 32.0% |
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 | 22.0% | 19.3% | 26.6% | 10 |
| 2010s | 18.0% | 14.1% | 21.3% | 10 |
| 2020s | 12.7% | 11.1% | 15.2% | 6 |
Countries ranked near Panama
- 189 China 12.6% compare
- 190 Equatorial Guinea 11.5% compare
- 191 Turkmenistan 11.2% compare
- 193 United States 11.1% compare
- 194 Argentina 10.9% compare
- 195 Chad 10.3% compare
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
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 11.1% in 2025, according to International Monetary Fund (2026); 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 11.1% in 2025.
- How does Panama rank for value of imported goods as a share of gdp?
- Panama ranks 192nd out of 201 countries with data for 2025.
- Is value of imported goods as a share of gdp rising or falling in Panama?
- Over the last ten years it is down 35.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Monetary Fund (2026); 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).