Service imports in Panama
Panama: Service imports was 5.91 billion BoP, current US$ in 2025. ◆ Volatile
Service imports in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Panama recorded 5.91 billion BoP, current US$ for service imports in 2025.
That represents a change of down 0.6% on the previous year and up 22.5% over ten years.
Over the whole period, service imports in Panama peaked at 6.05 billion BoP, current US$ in 2023 and was at its lowest, 205.00 million BoP, current US$, in 1977.
That places Panama 87th out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 243.83 million BoP, current US$ | 205.00 million BoP, current US$ | 287.70 million BoP, current US$ | 3 |
| 1980s | 630.37 million BoP, current US$ | 518.90 million BoP, current US$ | 797.20 million BoP, current US$ | 10 |
| 1990s | 1.03 billion BoP, current US$ | 690.00 million BoP, current US$ | 1.30 billion BoP, current US$ | 10 |
| 2000s | 1.71 billion BoP, current US$ | 1.11 billion BoP, current US$ | 2.72 billion BoP, current US$ | 10 |
| 2010s | 4.62 billion BoP, current US$ | 2.83 billion BoP, current US$ | 5.21 billion BoP, current US$ | 10 |
| 2020s | 5.14 billion BoP, current US$ | 3.18 billion BoP, current US$ | 6.05 billion BoP, current US$ | 6 |
Countries ranked near Panama
- 84 Ecuador 6.22 billion BoP, current US$ compare
- 85 Iceland 5.98 billion BoP, current US$ compare
- 86 Uruguay 5.96 billion BoP, current US$ compare
- 88 Dominican Republic 5.65 billion BoP, current US$ compare
- 89 Kenya 5.64 billion BoP, current US$ compare
- 90 Ethiopia 5.51 billion BoP, current US$ compare
More economy & growth data for Panama
- External balance on goods and services as a percent of gdp 5.04 (2024)
- Inflation of consumer prices -0.1896 (2025)
- Gdp per capita worldbank constant usd 17,650 (2025)
- Manufacturing value added to gdp 4.8 (2025)
- Gdp worldbank constant usd 80.68 billion (2025)
- Gdp per capita in international and market dollars 17,650 (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is service imports in Panama?
- Service imports in Panama was 5.91 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 imports recorded in Panama?
- The highest recorded value was 6.05 billion BoP, current US$ in 2023.
- What is the lowest service imports recorded in Panama?
- The lowest recorded value was 205.00 million BoP, current US$ in 1977.
- How does Panama rank for service imports?
- Panama ranks 87th out of 198 countries with data for 2025.
- Is service imports rising or falling in Panama?
- Over the last ten years it is up 22.5%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to 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.