Service imports (BoP, current US$) in Panama
Panama: Service imports (BoP, current US$) was 5.91 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
5.91 billion BoP, current US$
Change on year
down 0.6%
World rank
87th
of 200 countries
All-time high
6.05 billion BoP, current US$
in 2023
All-time low
205.00 million BoP, current US$
in 1977
Years of data
49
1977–2025
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$, in 1977.
That places Panama 87th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$) in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 205.00 million BoP, current US$ | — |
| 1978 | 238.80 million BoP, current US$ | +16.5% |
| 1979 | 287.70 million BoP, current US$ | +20.5% |
| 1980 | 591.00 million BoP, current US$ | +105.4% |
| 1981 | 671.40 million BoP, current US$ | +13.6% |
| 1982 | 633.70 million BoP, current US$ | -5.6% |
| 1983 | 551.50 million BoP, current US$ | -13.0% |
| 1984 | 598.10 million BoP, current US$ | +8.4% |
| 1985 | 658.10 million BoP, current US$ | +10.0% |
| 1986 | 797.20 million BoP, current US$ | +21.1% |
| 1987 | 707.90 million BoP, current US$ | -11.2% |
| 1988 | 518.90 million BoP, current US$ | -26.7% |
| 1989 | 575.90 million BoP, current US$ | +11.0% |
| 1990 | 690.00 million BoP, current US$ | +19.8% |
| 1991 | 848.80 million BoP, current US$ | +23.0% |
| 1992 | 918.00 million BoP, current US$ | +8.2% |
| 1993 | 977.60 million BoP, current US$ | +6.5% |
| 1994 | 1.06 billion BoP, current US$ | +8.9% |
| 1995 | 1.09 billion BoP, current US$ | +2.3% |
| 1996 | 1.04 billion BoP, current US$ | -5.0% |
| 1997 | 1.30 billion BoP, current US$ | +25.1% |
| 1998 | 1.26 billion BoP, current US$ | -2.4% |
| 1999 | 1.16 billion BoP, current US$ | -8.5% |
| 2000 | 1.15 billion BoP, current US$ | -0.3% |
| 2001 | 1.11 billion BoP, current US$ | -3.3% |
| 2002 | 1.32 billion BoP, current US$ | +18.1% |
| 2003 | 1.31 billion BoP, current US$ | -0.7% |
| 2004 | 1.46 billion BoP, current US$ | +11.8% |
| 2005 | 1.81 billion BoP, current US$ | +24.1% |
| 2006 | 1.73 billion BoP, current US$ | -4.7% |
| 2007 | 2.21 billion BoP, current US$ | +27.9% |
| 2008 | 2.72 billion BoP, current US$ | +23.2% |
| 2009 | 2.24 billion BoP, current US$ | -17.8% |
| 2010 | 2.83 billion BoP, current US$ | +26.3% |
| 2011 | 4.34 billion BoP, current US$ | +53.4% |
| 2012 | 4.41 billion BoP, current US$ | +1.7% |
| 2013 | 5.14 billion BoP, current US$ | +16.6% |
| 2014 | 4.94 billion BoP, current US$ | -3.9% |
| 2015 | 4.82 billion BoP, current US$ | -2.4% |
| 2016 | 4.78 billion BoP, current US$ | -0.9% |
| 2017 | 4.67 billion BoP, current US$ | -2.2% |
| 2018 | 5.21 billion BoP, current US$ | +11.5% |
| 2019 | 5.10 billion BoP, current US$ | -2.1% |
| 2020 | 3.18 billion BoP, current US$ | -37.6% |
| 2021 | 4.12 billion BoP, current US$ | +29.5% |
| 2022 | 5.64 billion BoP, current US$ | +37.0% |
| 2023 | 6.05 billion BoP, current US$ | +7.2% |
| 2024 | 5.95 billion BoP, current US$ | -1.7% |
| 2025 | 5.91 billion BoP, current US$ | -0.6% |
Panama compared with similar countries
- Panama's 5.91 billion BoP, current US$ is below the median for high income countries, which is 18.89 billion BoP, current US$, 31% of the median. (72 countries reporting)
- Panama's 5.91 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 2.76 billion BoP, current US$, 2.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Service imports (BoP, current US$) 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 |
|---|---|---|---|
| 1980 | +105.4% | 287.70 million BoP, current US$ | 591.00 million BoP, current US$ |
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 Venezuela 6.06 billion BoP, current US$ compare
- 85 Iceland 5.97 billion BoP, current US$ compare
- 86 Uruguay 5.95 billion BoP, current US$ compare
- 88 Kenya 5.89 billion BoP, current US$ compare
- 89 Dominican Republic 5.65 billion BoP, current US$ compare
- 90 Ethiopia 5.51 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 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 200 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.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.