Service exports (BoP, current US$), annual growth rate in Panama
Panama: Service exports (BoP, current US$), annual growth rate was 9.84 % change on previous year in 2025. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Panama, 1978–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Panama recorded 9.84 % change on previous year for service exports (bop, current us$), annual growth rate in 2025.
The figure is up 170.7% on the previous year and up 162.9% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Panama peaked at 61.38 % change on previous year in 1980 and was at its lowest, -40.41 % change on previous year, in 2020.
Panama ranks 90th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 10.29 % change on previous year | — |
| 1979 | 26.44 % change on previous year | +156.9% |
| 1980 | 61.38 % change on previous year | +132.1% |
| 1981 | 3.36 % change on previous year | -94.5% |
| 1982 | 6.55 % change on previous year | +95.1% |
| 1983 | 13.83 % change on previous year | +111.2% |
| 1984 | -5.79 % change on previous year | -141.8% |
| 1985 | 10.73 % change on previous year | -285.4% |
| 1986 | -1.77 % change on previous year | -116.5% |
| 1987 | -0.7588 % change on previous year | -57.1% |
| 1988 | -7.65 % change on previous year | +907.6% |
| 1989 | -7.62 % change on previous year | -0.3% |
| 1990 | 11.27 % change on previous year | -247.9% |
| 1991 | 11.44 % change on previous year | +1.5% |
| 1992 | 0.6652 % change on previous year | -94.2% |
| 1993 | 5.87 % change on previous year | +781.8% |
| 1994 | 8.21 % change on previous year | +40.0% |
| 1995 | 8.28 % change on previous year | +0.8% |
| 1996 | 4.81 % change on previous year | -41.9% |
| 1997 | 8.6 % change on previous year | +78.7% |
| 1998 | 9.8 % change on previous year | +14.0% |
| 1999 | -2.37 % change on previous year | -124.1% |
| 2000 | 8.25 % change on previous year | -448.5% |
| 2001 | -0.5128 % change on previous year | -106.2% |
| 2002 | 14.25 % change on previous year | -2878.3% |
| 2003 | 11.46 % change on previous year | -19.5% |
| 2004 | 9.95 % change on previous year | -13.2% |
| 2005 | 15.58 % change on previous year | +56.7% |
| 2006 | 23.78 % change on previous year | +52.6% |
| 2007 | 26.82 % change on previous year | +12.8% |
| 2008 | 16.6 % change on previous year | -38.1% |
| 2009 | 0.5778 % change on previous year | -96.5% |
| 2010 | 14.79 % change on previous year | +2459.5% |
| 2011 | 26.49 % change on previous year | +79.1% |
| 2012 | 15.34 % change on previous year | -42.1% |
| 2013 | 8.33 % change on previous year | -45.7% |
| 2014 | 5.9 % change on previous year | -29.2% |
| 2015 | 3.74 % change on previous year | -36.6% |
| 2016 | 3.45 % change on previous year | -7.7% |
| 2017 | 8.62 % change on previous year | +149.8% |
| 2018 | 1.6 % change on previous year | -81.5% |
| 2019 | 1.53 % change on previous year | -4.0% |
| 2020 | -40.41 % change on previous year | -2735.5% |
| 2021 | 30.23 % change on previous year | -174.8% |
| 2022 | 42.19 % change on previous year | +39.6% |
| 2023 | 16.89 % change on previous year | -60.0% |
| 2024 | 3.63 % change on previous year | -78.5% |
| 2025 | 9.84 % change on previous year | +170.7% |
Panama compared with similar countries
- Panama's 9.84 % change on previous year is above the median for high income countries, which is 8.45 % change on previous year, 1.2× the median. (71 countries reporting)
- Panama's 9.84 % change on previous year is above the median for Latin America & Caribbean, which is 4.73 % change on previous year, 2.1× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +2878.3% | -0.5128 % change on previous year | 14.25 % change on previous year |
| 2020 | -2735.5% | 1.53 % change on previous year | -40.41 % change on previous year |
| 2010 | +2459.5% | 0.5778 % change on previous year | 14.79 % change on previous year |
| 1988 | -907.6% | -0.7588 % change on previous year | -7.65 % change on previous year |
| 1993 | +781.8% | 0.6652 % change on previous year | 5.87 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.37 % change on previous year | 10.29 % change on previous year | 26.44 % change on previous year | 2 |
| 1980s | 7.23 % change on previous year | -7.65 % change on previous year | 61.38 % change on previous year | 10 |
| 1990s | 6.66 % change on previous year | -2.37 % change on previous year | 11.44 % change on previous year | 10 |
| 2000s | 12.67 % change on previous year | -0.5128 % change on previous year | 26.82 % change on previous year | 10 |
| 2010s | 8.98 % change on previous year | 1.53 % change on previous year | 26.49 % change on previous year | 10 |
| 2020s | 10.39 % change on previous year | -40.41 % change on previous year | 42.19 % change on previous year | 6 |
Countries ranked near Panama
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Panama?
- Service exports (bop, current us$), annual growth rate in Panama was 9.84 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Panama?
- The highest recorded value was 61.38 % change on previous year in 1980.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Panama?
- The lowest recorded value was -40.41 % change on previous year in 2020.
- How does Panama rank for service exports (bop, current us$), annual growth rate?
- Panama ranks 90th out of 199 countries with data for 2025.
- Is service exports (bop, current us$), annual growth rate rising or falling in Panama?
- Over the last ten years it is up 162.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.