Services, value added in Panama
Panama: Services, value added was 70.0% in 2025. ▲ Rising
Services, value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2025, services, value added in Panama stood at 70.0%.
Compared with earlier readings it is up 1.0% on the previous year and up 5.1% over ten years.
Over the whole period, services, value added in Panama peaked at 74.0% in 2007 and was at its lowest, 59.8%, in 1970.
Panama ranks 35th of 204 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Services, value added in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 59.8% | — |
| 1971 | 60.1% | +0.5% |
| 1972 | 62.0% | +3.1% |
| 1973 | 61.1% | -1.5% |
| 1974 | 62.2% | +1.9% |
| 1975 | 61.2% | -1.7% |
| 1976 | 62.5% | +2.2% |
| 1977 | 63.7% | +2.0% |
| 1978 | 63.9% | +0.2% |
| 1979 | 64.3% | +0.7% |
| 1980 | 64.6% | +0.4% |
| 1981 | 65.4% | +1.3% |
| 1982 | 66.0% | +0.8% |
| 1983 | 67.1% | +1.6% |
| 1984 | 66.9% | -0.3% |
| 1985 | 64.3% | -3.9% |
| 1986 | 64.3% | +0.0% |
| 1987 | 65.0% | +1.2% |
| 1988 | 68.3% | +5.1% |
| 1989 | 68.2% | -0.1% |
| 1990 | 69.2% | +1.5% |
| 1991 | 67.7% | -2.2% |
| 1992 | 68.4% | +0.9% |
| 1993 | 66.6% | -2.6% |
| 1994 | 67.3% | +1.0% |
| 1995 | 66.9% | -0.7% |
| 1996 | 70.6% | +5.6% |
| 1997 | 71.9% | +1.8% |
| 1998 | 71.7% | -0.3% |
| 1999 | 70.7% | -1.4% |
| 2000 | 71.6% | +1.3% |
| 2001 | 73.0% | +2.0% |
| 2002 | 73.5% | +0.7% |
| 2003 | 72.2% | -1.9% |
| 2004 | 72.5% | +0.5% |
| 2005 | 73.0% | +0.7% |
| 2006 | 74.0% | +1.3% |
| 2007 | 74.0% | +0.0% |
| 2008 | 72.3% | -2.3% |
| 2009 | 73.5% | +1.6% |
| 2010 | 73.4% | -0.1% |
| 2011 | 73.1% | -0.4% |
| 2012 | 71.9% | -1.7% |
| 2013 | 68.7% | -4.4% |
| 2014 | 67.3% | -2.0% |
| 2015 | 66.7% | -1.0% |
| 2016 | 65.8% | -1.2% |
| 2017 | 65.5% | -0.5% |
| 2018 | 65.8% | +0.5% |
| 2019 | 66.0% | +0.3% |
| 2020 | 71.0% | +7.6% |
| 2021 | 68.2% | -4.0% |
| 2022 | 68.2% | -0.0% |
| 2023 | 67.8% | -0.6% |
| 2024 | 69.3% | +2.3% |
| 2025 | 70.0% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 62.1% | 59.8% | 64.3% | 10 |
| 1980s | 66.0% | 64.3% | 68.3% | 10 |
| 1990s | 69.1% | 66.6% | 71.9% | 10 |
| 2000s | 73.0% | 71.6% | 74.0% | 10 |
| 2010s | 68.4% | 65.5% | 73.4% | 10 |
| 2020s | 69.1% | 67.8% | 71.0% | 6 |
Countries ranked near Panama
- 32 France 70.9% compare
- 33 Netherlands 70.4% compare
- 34 Kiribati 70.3% compare
- 36 Maldives 69.9% compare
- 37 Costa Rica 69.2% compare
- 38 Antigua and Barbuda 68.7% compare
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)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 18,830 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.4 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
Frequently asked questions
- What is services, value added in Panama?
- Services, value added in Panama was 70.0% 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 74.0% in 2007.
- What is the lowest services, value added recorded in Panama?
- The lowest recorded value was 59.8% in 1970.
- How does Panama rank for services, value added?
- Panama ranks 35th out of 204 countries with data for 2025.
- Is services, value added rising or falling in Panama?
- Over the last ten years it is up 5.1%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.