Services, value added in Panama
Panama: Services, value added was 57.56 billion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Panama recorded 57.56 billion constant 2015 US$ for services, value added in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 54.8% over ten years.
Over the whole period, services, value added in Panama peaked at 57.56 billion constant 2015 US$ in 2025 and was at its lowest, 4.30 billion constant 2015 US$, in 1970.
Panama ranks 65th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.57 billion constant 2015 US$ | 4.30 billion constant 2015 US$ | 6.85 billion constant 2015 US$ | 10 |
| 1980s | 9.10 billion constant 2015 US$ | 8.01 billion constant 2015 US$ | 9.91 billion constant 2015 US$ | 10 |
| 1990s | 11.79 billion constant 2015 US$ | 9.41 billion constant 2015 US$ | 14.13 billion constant 2015 US$ | 10 |
| 2000s | 19.89 billion constant 2015 US$ | 14.97 billion constant 2015 US$ | 27.07 billion constant 2015 US$ | 10 |
| 2010s | 36.89 billion constant 2015 US$ | 28.61 billion constant 2015 US$ | 44.24 billion constant 2015 US$ | 10 |
| 2020s | 49.57 billion constant 2015 US$ | 39.55 billion constant 2015 US$ | 57.56 billion constant 2015 US$ | 6 |
Countries ranked near Panama
More economy & growth data for Panama
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (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 services, value added in Panama?
- Services, value added in Panama was 57.56 billion constant 2015 US$ 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 57.56 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Panama?
- The lowest recorded value was 4.30 billion constant 2015 US$ in 1970.
- How does Panama rank for services, value added?
- Panama ranks 65th out of 194 countries with data for 2025.
- Is services, value added rising or falling in Panama?
- Over the last ten years it is up 54.8%. 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.