Services, value added in Panama
Panama: Services, value added was 5.4% in 2025. ◆ Volatile
Services, value added in Panama, 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Panama is 5.4%, measured in 2025.
The figure is up 12.7% on the previous year and up 58.2% over ten years.
Over the whole period, services, value added in Panama peaked at 17.1% in 1980 and was at its lowest, -10.6%, in 2020.
Panama ranks 43rd of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 9.0% | — |
| 1972 | 6.9% | -24.1% |
| 1973 | 5.2% | -24.3% |
| 1974 | 7.5% | +44.5% |
| 1975 | 1.2% | -84.1% |
| 1976 | 0.2% | -82.7% |
| 1977 | 3.7% | +1672.8% |
| 1978 | 8.8% | +141.2% |
| 1979 | 5.5% | -38.1% |
| 1980 | 17.1% | +211.4% |
| 1981 | 10.4% | -39.2% |
| 1982 | 6.2% | -40.7% |
| 1983 | -3.6% | -157.9% |
| 1984 | 2.2% | -161.3% |
| 1985 | 4.0% | +81.7% |
| 1986 | 3.0% | -25.3% |
| 1987 | -3.0% | -202.3% |
| 1988 | -10.5% | +245.0% |
| 1989 | 1.9% | -118.1% |
| 1990 | 7.4% | +291.2% |
| 1991 | 9.7% | +30.6% |
| 1992 | 8.2% | -15.8% |
| 1993 | 2.4% | -71.1% |
| 1994 | 2.4% | +2.9% |
| 1995 | 1.7% | -31.5% |
| 1996 | -2.5% | -249.2% |
| 1997 | 8.2% | -432.0% |
| 1998 | 8.6% | +4.0% |
| 1999 | 3.5% | -58.8% |
| 2000 | 5.9% | +67.2% |
| 2001 | 2.8% | -53.3% |
| 2002 | 2.3% | -18.3% |
| 2003 | 4.0% | +75.9% |
| 2004 | 8.7% | +118.7% |
| 2005 | 9.3% | +7.5% |
| 2006 | 10.4% | +11.8% |
| 2007 | 13.2% | +26.6% |
| 2008 | 9.0% | -31.5% |
| 2009 | 2.2% | -75.5% |
| 2010 | 5.7% | +157.5% |
| 2011 | 11.3% | +98.6% |
| 2012 | 7.0% | -37.9% |
| 2013 | 3.0% | -58.0% |
| 2014 | 2.4% | -19.0% |
| 2015 | 3.4% | +43.6% |
| 2016 | 3.8% | +12.0% |
| 2017 | 5.4% | +41.1% |
| 2018 | 4.7% | -14.1% |
| 2019 | 3.9% | -16.8% |
| 2020 | -10.6% | -373.2% |
| 2021 | 12.4% | -217.5% |
| 2022 | 10.5% | -15.4% |
| 2023 | 6.0% | -43.4% |
| 2024 | 4.8% | -19.1% |
| 2025 | 5.4% | +12.7% |
Panama compared with similar countries
- Panama's 5.4% is above the median for high income countries, which is 2.2%, 2.5× the median. (69 countries reporting)
- Panama's 5.4% is above the median for Latin America & Caribbean, which is 3.2%, 1.7× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, value added 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 |
|---|---|---|---|
| 1977 | +1672.8% | 0.2% | 3.7% |
| 1997 | +432.0% | -2.5% | 8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 0.2% | 9.0% | 9 |
| 1980s | 2.8% | -10.5% | 17.1% | 10 |
| 1990s | 5.0% | -2.5% | 9.7% | 10 |
| 2000s | 6.8% | 2.2% | 13.2% | 10 |
| 2010s | 5.1% | 2.4% | 11.3% | 10 |
| 2020s | 4.8% | -10.6% | 12.4% | 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 services, value added in Panama?
- Services, value added in Panama was 5.4% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Panama?
- The highest recorded value was 17.1% in 1980.
- What is the lowest services, value added recorded in Panama?
- The lowest recorded value was -10.6% in 2020.
- How does Panama rank for services, value added?
- Panama ranks 43rd out of 198 countries with data for 2025.
- Is services, value added rising or falling in Panama?
- Over the last ten years it is up 58.2%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.