Service exports (BoP, current US$) in Panama
Panama: Service exports (BoP, current US$) was 20.19 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
20.19 billion BoP, current US$
Change on year
up 9.8%
World rank
50th
of 200 countries
All-time high
20.19 billion BoP, current US$
in 2025
All-time low
401.20 million BoP, current US$
in 1977
Years of data
49
1977–2025
Service exports in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service exports in Panama is 20.19 billion BoP, current US$, measured in 2025. That is the highest value across all 49 years on record.
The figure is up 9.8% on the previous year and up 70.2% over ten years.
Over the whole period, service exports in Panama peaked at 20.19 billion BoP, current US$ in 2025 and was at its lowest, 401.20 million BoP, current US$, in 1977.
Panama ranks 50th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$) in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 401.20 million BoP, current US$ | — |
| 1978 | 442.50 million BoP, current US$ | +10.3% |
| 1979 | 559.50 million BoP, current US$ | +26.4% |
| 1980 | 902.90 million BoP, current US$ | +61.4% |
| 1981 | 933.20 million BoP, current US$ | +3.4% |
| 1982 | 994.30 million BoP, current US$ | +6.5% |
| 1983 | 1.13 billion BoP, current US$ | +13.8% |
| 1984 | 1.07 billion BoP, current US$ | -5.8% |
| 1985 | 1.18 billion BoP, current US$ | +10.7% |
| 1986 | 1.16 billion BoP, current US$ | -1.8% |
| 1987 | 1.15 billion BoP, current US$ | -0.8% |
| 1988 | 1.06 billion BoP, current US$ | -7.6% |
| 1989 | 982.00 million BoP, current US$ | -7.6% |
| 1990 | 1.09 billion BoP, current US$ | +11.3% |
| 1991 | 1.22 billion BoP, current US$ | +11.4% |
| 1992 | 1.23 billion BoP, current US$ | +0.7% |
| 1993 | 1.30 billion BoP, current US$ | +5.9% |
| 1994 | 1.40 billion BoP, current US$ | +8.2% |
| 1995 | 1.52 billion BoP, current US$ | +8.3% |
| 1996 | 1.59 billion BoP, current US$ | +4.8% |
| 1997 | 1.73 billion BoP, current US$ | +8.6% |
| 1998 | 1.90 billion BoP, current US$ | +9.8% |
| 1999 | 1.86 billion BoP, current US$ | -2.4% |
| 2000 | 2.01 billion BoP, current US$ | +8.3% |
| 2001 | 2.00 billion BoP, current US$ | -0.5% |
| 2002 | 2.28 billion BoP, current US$ | +14.2% |
| 2003 | 2.54 billion BoP, current US$ | +11.5% |
| 2004 | 2.80 billion BoP, current US$ | +9.9% |
| 2005 | 3.23 billion BoP, current US$ | +15.6% |
| 2006 | 4.00 billion BoP, current US$ | +23.8% |
| 2007 | 5.08 billion BoP, current US$ | +26.8% |
| 2008 | 5.92 billion BoP, current US$ | +16.6% |
| 2009 | 5.95 billion BoP, current US$ | +0.6% |
| 2010 | 6.83 billion BoP, current US$ | +14.8% |
| 2011 | 8.64 billion BoP, current US$ | +26.5% |
| 2012 | 9.97 billion BoP, current US$ | +15.3% |
| 2013 | 10.80 billion BoP, current US$ | +8.3% |
| 2014 | 11.44 billion BoP, current US$ | +5.9% |
| 2015 | 11.87 billion BoP, current US$ | +3.7% |
| 2016 | 12.28 billion BoP, current US$ | +3.5% |
| 2017 | 13.33 billion BoP, current US$ | +8.6% |
| 2018 | 13.55 billion BoP, current US$ | +1.6% |
| 2019 | 13.75 billion BoP, current US$ | +1.5% |
| 2020 | 8.20 billion BoP, current US$ | -40.4% |
| 2021 | 10.67 billion BoP, current US$ | +30.2% |
| 2022 | 15.18 billion BoP, current US$ | +42.2% |
| 2023 | 17.74 billion BoP, current US$ | +16.9% |
| 2024 | 18.39 billion BoP, current US$ | +3.6% |
| 2025 | 20.19 billion BoP, current US$ | +9.8% |
Panama compared with similar countries
- Panama's 20.19 billion BoP, current US$ is below the median for high income countries, which is 24.69 billion BoP, current US$, 82% of the median. (72 countries reporting)
- Panama's 20.19 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 2.99 billion BoP, current US$, 6.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 467.73 million BoP, current US$ | 401.20 million BoP, current US$ | 559.50 million BoP, current US$ | 3 |
| 1980s | 1.06 billion BoP, current US$ | 902.90 million BoP, current US$ | 1.18 billion BoP, current US$ | 10 |
| 1990s | 1.48 billion BoP, current US$ | 1.09 billion BoP, current US$ | 1.90 billion BoP, current US$ | 10 |
| 2000s | 3.58 billion BoP, current US$ | 2.00 billion BoP, current US$ | 5.95 billion BoP, current US$ | 10 |
| 2010s | 11.25 billion BoP, current US$ | 6.83 billion BoP, current US$ | 13.75 billion BoP, current US$ | 10 |
| 2020s | 15.06 billion BoP, current US$ | 8.20 billion BoP, current US$ | 20.19 billion BoP, current US$ | 6 |
Countries ranked near Panama
- 47 Croatia 26.72 billion BoP, current US$ compare
- 48 Malta 25.03 billion BoP, current US$ compare
- 49 Qatar 24.35 billion BoP, current US$ compare
- 51 Colombia 19.97 billion BoP, current US$ compare
- 52 New Zealand 19.51 billion BoP, current US$ compare
- 53 Bahrain 18.69 billion BoP, current US$ 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 service exports in Panama?
- Service exports in Panama was 20.19 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Panama?
- The highest recorded value was 20.19 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in Panama?
- The lowest recorded value was 401.20 million BoP, current US$ in 1977.
- How does Panama rank for service exports?
- Panama ranks 50th out of 200 countries with data for 2025.
- Is service exports rising or falling in Panama?
- Over the last ten years it is up 70.2%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.