Personal remittances, received in Panama
Panama: Personal remittances, received was 0.7% in 2025. ◆ Volatile
Personal remittances, received in Panama, 1977–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Panama recorded 0.7% for personal remittances, received in 2025.
That represents a change of up 14.2% on the previous year and down 29.4% over ten years.
Over the whole period, personal remittances, received in Panama peaked at 3.8% in 1977 and was at its lowest, 0.1%, in 2000.
That places Panama 139th out of 195 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 3.8% | — |
| 1978 | 3.7% | -1.7% |
| 1979 | 3.7% | -1.6% |
| 1980 | 1.4% | -61.4% |
| 1981 | 1.2% | -16.4% |
| 1982 | 1.3% | +10.8% |
| 1983 | 1.3% | +0.8% |
| 1984 | 1.2% | -9.2% |
| 1985 | 1.5% | +26.5% |
| 1986 | 1.5% | -2.4% |
| 1987 | 1.5% | +3.5% |
| 1988 | 1.7% | +13.1% |
| 1989 | 1.7% | -0.3% |
| 1990 | 1.7% | -1.2% |
| 1991 | 1.5% | -10.4% |
| 1992 | 1.3% | -16.7% |
| 1993 | 1.2% | -2.8% |
| 1994 | 1.2% | -3.4% |
| 1995 | 1.2% | -2.2% |
| 1996 | 0.9% | -19.9% |
| 1997 | 0.6% | -31.8% |
| 1998 | 0.5% | -17.4% |
| 1999 | 0.4% | -21.6% |
| 2000 | 0.1% | -66.9% |
| 2001 | 0.6% | +335.3% |
| 2002 | 0.7% | +10.8% |
| 2003 | 0.8% | +18.8% |
| 2004 | 0.7% | -8.1% |
| 2005 | 0.8% | +8.1% |
| 2006 | 1.6% | +106.6% |
| 2007 | 1.6% | +1.6% |
| 2008 | 1.5% | -10.2% |
| 2009 | 1.2% | -17.5% |
| 2010 | 1.4% | +11.8% |
| 2011 | 1.0% | -23.9% |
| 2012 | 1.0% | -4.3% |
| 2013 | 1.0% | -0.5% |
| 2014 | 1.5% | +49.7% |
| 2015 | 1.0% | -32.4% |
| 2016 | 0.8% | -15.4% |
| 2017 | 0.8% | -1.4% |
| 2018 | 0.8% | -3.6% |
| 2019 | 0.8% | +4.2% |
| 2020 | 0.7% | -18.6% |
| 2021 | 0.8% | +24.1% |
| 2022 | 0.7% | -18.1% |
| 2023 | 0.6% | -10.6% |
| 2024 | 0.6% | -0.1% |
| 2025 | 0.7% | +14.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7% | 3.7% | 3.8% | 3 |
| 1980s | 1.4% | 1.2% | 1.7% | 10 |
| 1990s | 1.1% | 0.4% | 1.7% | 10 |
| 2000s | 1.0% | 0.1% | 1.6% | 10 |
| 2010s | 1.0% | 0.8% | 1.5% | 10 |
| 2020s | 0.7% | 0.6% | 0.8% | 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)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2057 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 4,071 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2264 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 4,480 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is personal remittances, received in Panama?
- Personal remittances, received in Panama was 0.7% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Panama?
- The highest recorded value was 3.8% in 1977.
- What is the lowest personal remittances, received recorded in Panama?
- The lowest recorded value was 0.1% in 2000.
- How does Panama rank for personal remittances, received?
- Panama ranks 139th out of 195 countries with data for 2025.
- Is personal remittances, received rising or falling in Panama?
- Over the last ten years it is down 29.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.