Services, value added per worker in Panama
Panama: Services, value added per worker was 41,009 constant 2015 US$ in 2025. ▲ Rising
Services, value added per worker in Panama, 1991–2025
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
In 2025, services, value added per worker in Panama stood at 41,009 constant 2015 US$. That is the highest value across all 35 years on record.
That represents a change of up 3.0% on the previous year and up 30.7% over ten years.
Over the whole period, services, value added per worker in Panama peaked at 41,009 constant 2015 US$ in 2025 and was at its lowest, 18,223 constant 2015 US$, in 1996.
Panama ranks 37th of 176 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Services, value added per worker in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 20,823 constant 2015 US$ | — |
| 1992 | 21,474 constant 2015 US$ | +3.1% |
| 1993 | 20,523 constant 2015 US$ | -4.4% |
| 1994 | 19,525 constant 2015 US$ | -4.9% |
| 1995 | 19,304 constant 2015 US$ | -1.1% |
| 1996 | 18,223 constant 2015 US$ | -5.6% |
| 1997 | 18,663 constant 2015 US$ | +2.4% |
| 1998 | 18,947 constant 2015 US$ | +1.5% |
| 1999 | 19,052 constant 2015 US$ | +0.6% |
| 2000 | 19,189 constant 2015 US$ | +0.7% |
| 2001 | 19,489 constant 2015 US$ | +1.6% |
| 2002 | 19,041 constant 2015 US$ | -2.3% |
| 2003 | 19,373 constant 2015 US$ | +1.7% |
| 2004 | 19,964 constant 2015 US$ | +3.1% |
| 2005 | 20,985 constant 2015 US$ | +5.1% |
| 2006 | 23,287 constant 2015 US$ | +11.0% |
| 2007 | 25,533 constant 2015 US$ | +9.6% |
| 2008 | 27,902 constant 2015 US$ | +9.3% |
| 2009 | 29,012 constant 2015 US$ | +4.0% |
| 2010 | 28,860 constant 2015 US$ | -0.5% |
| 2011 | 31,314 constant 2015 US$ | +8.5% |
| 2012 | 31,561 constant 2015 US$ | +0.8% |
| 2013 | 32,158 constant 2015 US$ | +1.9% |
| 2014 | 32,121 constant 2015 US$ | -0.1% |
| 2015 | 31,378 constant 2015 US$ | -2.3% |
| 2016 | 31,973 constant 2015 US$ | +1.9% |
| 2017 | 33,001 constant 2015 US$ | +3.2% |
| 2018 | 32,872 constant 2015 US$ | -0.4% |
| 2019 | 33,004 constant 2015 US$ | +0.4% |
| 2020 | 32,869 constant 2015 US$ | -0.4% |
| 2021 | 36,337 constant 2015 US$ | +10.6% |
| 2022 | 36,293 constant 2015 US$ | -0.1% |
| 2023 | 37,853 constant 2015 US$ | +4.3% |
| 2024 | 39,796 constant 2015 US$ | +5.1% |
| 2025 | 41,009 constant 2015 US$ | +3.0% |
Panama compared with similar countries
- Panama's 41,009 constant 2015 US$ is below the median for high income countries, which is 54,874 constant 2015 US$, 75% of the median. (56 countries reporting)
- Panama's 41,009 constant 2015 US$ is above the median for Latin America & Caribbean, which is 17,962 constant 2015 US$, 2.3× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19,615 constant 2015 US$ | 18,223 constant 2015 US$ | 21,474 constant 2015 US$ | 9 |
| 2000s | 22,377 constant 2015 US$ | 19,041 constant 2015 US$ | 29,012 constant 2015 US$ | 10 |
| 2010s | 31,824 constant 2015 US$ | 28,860 constant 2015 US$ | 33,004 constant 2015 US$ | 10 |
| 2020s | 37,360 constant 2015 US$ | 32,869 constant 2015 US$ | 41,009 constant 2015 US$ | 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is services, value added per worker in Panama?
- Services, value added per worker in Panama was 41,009 constant 2015 US$ in 2025, according to World Development Indicators database, World Bank (WB).
- What is the highest services, value added per worker recorded in Panama?
- The highest recorded value was 41,009 constant 2015 US$ in 2025.
- What is the lowest services, value added per worker recorded in Panama?
- The lowest recorded value was 18,223 constant 2015 US$ in 1996.
- How does Panama rank for services, value added per worker?
- Panama ranks 37th out of 176 countries with data for 2025.
- Is services, value added per worker rising or falling in Panama?
- Over the last ten years it is up 30.7%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Services, value added per worker (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. 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.