Services, value added in Panama
Panama: Services, value added was 63.34 billion current US$ in 2025. ◆ Volatile
Services, value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, services, value added in Panama stood at 63.34 billion current US$. That is the highest value across all 56 years on record.
The figure is up 5.6% on the previous year and up 70.4% over ten years.
Over the whole period, services, value added in Panama peaked at 63.34 billion current US$ in 2025 and was at its lowest, 807.82 million current US$, in 1970.
Panama ranks 72nd of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.46 billion current US$ | 807.82 million current US$ | 2.38 billion current US$ | 10 |
| 1980s | 3.94 billion current US$ | 2.98 billion current US$ | 4.44 billion current US$ | 10 |
| 1990s | 6.32 billion current US$ | 4.45 billion current US$ | 8.24 billion current US$ | 10 |
| 2000s | 12.87 billion current US$ | 8.57 billion current US$ | 20.41 billion current US$ | 10 |
| 2010s | 35.40 billion current US$ | 22.19 billion current US$ | 46.06 billion current US$ | 10 |
| 2020s | 53.12 billion current US$ | 40.51 billion current US$ | 63.34 billion current 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 63.34 billion current 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 63.34 billion current US$ in 2025.
- What is the lowest services, value added recorded in Panama?
- The lowest recorded value was 807.82 million current US$ in 1970.
- How does Panama rank for services, value added?
- Panama ranks 72nd out of 203 countries with data for 2025.
- Is services, value added rising or falling in Panama?
- Over the last ten years it is up 70.4%. 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 (current 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.