Services, value added in Panama
Panama: Services, value added was 59.87 billion constant LCU in 2025. ◆ Volatile
Services, value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Panama recorded 59.87 billion constant LCU 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 59.87 billion constant LCU in 2025 and was at its lowest, 4.48 billion constant LCU, in 1970.
That places Panama 132nd out of 199 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.
Services, value added in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 4.48 billion constant LCU | — |
| 1971 | 4.88 billion constant LCU | +9.0% |
| 1972 | 5.22 billion constant LCU | +6.9% |
| 1973 | 5.49 billion constant LCU | +5.2% |
| 1974 | 5.90 billion constant LCU | +7.5% |
| 1975 | 5.97 billion constant LCU | +1.2% |
| 1976 | 5.98 billion constant LCU | +0.2% |
| 1977 | 6.20 billion constant LCU | +3.7% |
| 1978 | 6.75 billion constant LCU | +8.8% |
| 1979 | 7.12 billion constant LCU | +5.5% |
| 1980 | 8.34 billion constant LCU | +17.1% |
| 1981 | 9.20 billion constant LCU | +10.4% |
| 1982 | 9.77 billion constant LCU | +6.2% |
| 1983 | 9.42 billion constant LCU | -3.6% |
| 1984 | 9.63 billion constant LCU | +2.2% |
| 1985 | 10.01 billion constant LCU | +4.0% |
| 1986 | 10.30 billion constant LCU | +3.0% |
| 1987 | 9.99 billion constant LCU | -3.0% |
| 1988 | 8.95 billion constant LCU | -10.5% |
| 1989 | 9.12 billion constant LCU | +1.9% |
| 1990 | 9.79 billion constant LCU | +7.4% |
| 1991 | 10.74 billion constant LCU | +9.7% |
| 1992 | 11.62 billion constant LCU | +8.2% |
| 1993 | 11.89 billion constant LCU | +2.4% |
| 1994 | 12.18 billion constant LCU | +2.4% |
| 1995 | 12.39 billion constant LCU | +1.7% |
| 1996 | 12.08 billion constant LCU | -2.5% |
| 1997 | 13.07 billion constant LCU | +8.2% |
| 1998 | 14.20 billion constant LCU | +8.6% |
| 1999 | 14.70 billion constant LCU | +3.5% |
| 2000 | 15.57 billion constant LCU | +5.9% |
| 2001 | 16.00 billion constant LCU | +2.8% |
| 2002 | 16.36 billion constant LCU | +2.3% |
| 2003 | 17.01 billion constant LCU | +4.0% |
| 2004 | 18.48 billion constant LCU | +8.7% |
| 2005 | 20.21 billion constant LCU | +9.3% |
| 2006 | 22.32 billion constant LCU | +10.4% |
| 2007 | 25.26 billion constant LCU | +13.2% |
| 2008 | 27.55 billion constant LCU | +9.0% |
| 2009 | 28.16 billion constant LCU | +2.2% |
| 2010 | 29.77 billion constant LCU | +5.7% |
| 2011 | 33.13 billion constant LCU | +11.3% |
| 2012 | 35.46 billion constant LCU | +7.0% |
| 2013 | 36.51 billion constant LCU | +3.0% |
| 2014 | 37.38 billion constant LCU | +2.4% |
| 2015 | 38.67 billion constant LCU | +3.4% |
| 2016 | 40.15 billion constant LCU | +3.8% |
| 2017 | 42.33 billion constant LCU | +5.4% |
| 2018 | 44.30 billion constant LCU | +4.7% |
| 2019 | 46.02 billion constant LCU | +3.9% |
| 2020 | 41.15 billion constant LCU | -10.6% |
| 2021 | 46.26 billion constant LCU | +12.4% |
| 2022 | 51.13 billion constant LCU | +10.5% |
| 2023 | 54.18 billion constant LCU | +6.0% |
| 2024 | 56.79 billion constant LCU | +4.8% |
| 2025 | 59.87 billion constant LCU | +5.4% |
Panama compared with similar countries
- Panama's 59.87 billion constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 29% of the median. (70 countries reporting)
- Panama's 59.87 billion constant LCU is below the median for Latin America & Caribbean, which is 71.16 billion constant LCU, 84% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.80 billion constant LCU | 4.48 billion constant LCU | 7.12 billion constant LCU | 10 |
| 1980s | 9.47 billion constant LCU | 8.34 billion constant LCU | 10.30 billion constant LCU | 10 |
| 1990s | 12.27 billion constant LCU | 9.79 billion constant LCU | 14.70 billion constant LCU | 10 |
| 2000s | 20.69 billion constant LCU | 15.57 billion constant LCU | 28.16 billion constant LCU | 10 |
| 2010s | 38.37 billion constant LCU | 29.77 billion constant LCU | 46.02 billion constant LCU | 10 |
| 2020s | 51.56 billion constant LCU | 41.15 billion constant LCU | 59.87 billion constant LCU | 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 59.87 billion constant LCU 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 59.87 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Panama?
- The lowest recorded value was 4.48 billion constant LCU in 1970.
- How does Panama rank for services, value added?
- Panama ranks 132nd out of 199 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 LCU). 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 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.