Trade in services as share of GDP in Panama
Panama: Trade in services as share of GDP was 28.9% in 2025. ▲ Rising
Latest (2025)
28.9%
Change on year
up 2.6%
World rank
72nd
of 198 countries
All-time high
36.4%
in 2011
All-time low
19.9%
in 2020
Years of data
49
1977–2025
Trade in services as share of GDP in Panama, 1977–2025
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Panama recorded 28.9% for trade in services as share of gdp in 2025.
Compared with earlier readings it is up 2.6% on the previous year and down 3.6% over ten years.
Over the whole period, trade in services as share of gdp in Panama peaked at 36.4% in 2011 and was at its lowest, 19.9%, in 2020.
Panama ranks 72nd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Trade in services as share of GDP in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 22.1% | — |
| 1978 | 21.0% | -5.1% |
| 1979 | 22.9% | +8.9% |
| 1980 | 32.4% | +41.6% |
| 1981 | 30.7% | -5.1% |
| 1982 | 28.2% | -8.2% |
| 1983 | 28.4% | +0.7% |
| 1984 | 26.9% | -5.3% |
| 1985 | 28.1% | +4.4% |
| 1986 | 28.8% | +2.4% |
| 1987 | 27.2% | -5.4% |
| 1988 | 26.8% | -1.6% |
| 1989 | 26.3% | -1.8% |
| 1990 | 27.7% | +5.3% |
| 1991 | 29.2% | +5.4% |
| 1992 | 26.7% | -8.7% |
| 1993 | 25.9% | -2.8% |
| 1994 | 26.4% | +1.8% |
| 1995 | 27.3% | +3.4% |
| 1996 | 28.6% | +4.9% |
| 1997 | 30.1% | +5.3% |
| 1998 | 28.7% | -4.5% |
| 1999 | 25.8% | -10.1% |
| 2000 | 26.4% | +2.3% |
| 2001 | 25.4% | -3.8% |
| 2002 | 28.1% | +10.7% |
| 2003 | 28.3% | +0.7% |
| 2004 | 28.2% | -0.4% |
| 2005 | 30.4% | +7.6% |
| 2006 | 30.7% | +1.2% |
| 2007 | 33.6% | +9.2% |
| 2008 | 33.6% | +0.1% |
| 2009 | 29.5% | -12.3% |
| 2010 | 32.0% | +8.4% |
| 2011 | 36.4% | +13.8% |
| 2012 | 34.6% | -5.0% |
| 2013 | 34.0% | -1.8% |
| 2014 | 31.8% | -6.2% |
| 2015 | 29.9% | -6.0% |
| 2016 | 28.5% | -4.6% |
| 2017 | 28.0% | -1.9% |
| 2018 | 27.9% | -0.5% |
| 2019 | 27.0% | -3.0% |
| 2020 | 19.9% | -26.2% |
| 2021 | 21.9% | +10.1% |
| 2022 | 27.2% | +24.0% |
| 2023 | 28.4% | +4.3% |
| 2024 | 28.1% | -0.9% |
| 2025 | 28.9% | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.0% | 21.0% | 22.9% | 3 |
| 1980s | 28.4% | 26.3% | 32.4% | 10 |
| 1990s | 27.6% | 25.8% | 30.1% | 10 |
| 2000s | 29.4% | 25.4% | 33.6% | 10 |
| 2010s | 31.0% | 27.0% | 36.4% | 10 |
| 2020s | 25.7% | 19.9% | 28.9% | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is trade in services as share of gdp in Panama?
- Trade in services as share of gdp in Panama was 28.9% in 2025, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Panama?
- The highest recorded value was 36.4% in 2011.
- What is the lowest trade in services as share of gdp recorded in Panama?
- The lowest recorded value was 19.9% in 2020.
- How does Panama rank for trade in services as share of gdp?
- Panama ranks 72nd out of 198 countries with data for 2025.
- Is trade in services as share of gdp rising or falling in Panama?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).