Merchandise trade as a proportion of GDP (%) in Panama
Panama: Merchandise trade as a proportion of GDP (%) was 46.1% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Panama recorded 46.1% for merchandise trade as a proportion of gdp in 2024.
Compared with earlier readings it is down 24.3% on the previous year and down 36.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Panama peaked at 102.1% in 2012 and was at its lowest, 29.0%, in 2003.
Panama ranks 133rd of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 35.4% | — |
| 2001 | 31.6% | -10.7% |
| 2002 | 29.9% | -5.4% |
| 2003 | 29.0% | -2.9% |
| 2004 | 30.1% | +3.5% |
| 2005 | 100.2% | +233.3% |
| 2006 | 100.8% | +0.6% |
| 2007 | 101.7% | +0.9% |
| 2008 | 99.3% | -2.3% |
| 2009 | 88.5% | -10.9% |
| 2010 | 91.7% | +3.6% |
| 2011 | 101.9% | +11.1% |
| 2012 | 102.1% | +0.2% |
| 2013 | 80.3% | -21.3% |
| 2014 | 72.6% | -9.6% |
| 2015 | 60.7% | -16.4% |
| 2016 | 53.8% | -11.4% |
| 2017 | 51.3% | -4.5% |
| 2018 | 51.2% | -0.2% |
| 2019 | 47.0% | -8.2% |
| 2020 | 42.5% | -9.7% |
| 2021 | 50.1% | +18.0% |
| 2022 | 58.2% | +16.2% |
| 2023 | 60.9% | +4.6% |
| 2024 | 46.1% | -24.3% |
Panama compared with similar countries
- Panama's 46.1% is below the median for high income countries, which is 56.9%, 81% of the median. (73 countries reporting)
- Panama's 46.1% is above the median for Latin America & Caribbean, which is 43.3%, 1.1× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise trade as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2005 | +233.3% | 30.1% | 100.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.7% | 29.0% | 101.7% | 10 |
| 2010s | 71.3% | 47.0% | 102.1% | 10 |
| 2020s | 51.5% | 42.5% | 60.9% | 5 |
Countries ranked near Panama
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 merchandise trade as a proportion of gdp in Panama?
- Merchandise trade as a proportion of gdp in Panama was 46.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Panama?
- The highest recorded value was 102.1% in 2012.
- What is the lowest merchandise trade as a proportion of gdp recorded in Panama?
- The lowest recorded value was 29.0% in 2003.
- How does Panama rank for merchandise trade as a proportion of gdp?
- Panama ranks 133rd out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Panama?
- Over the last ten years it is down 36.6%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).