Share of service in total exports in Panama
Panama: Share of service in total exports was 18.61 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
18.61 billion BoP, current US$
Change on year
down 2.8%
World rank
82nd
of 198 countries
All-time high
21.12 billion BoP, current US$
in 2012
All-time low
385.70 million BoP, current US$
in 1978
Years of data
49
1977–2025
Share of service in total exports in Panama, 1977–2025
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
Panama recorded 18.61 billion BoP, current US$ for share of service in total exports in 2025.
Compared with earlier readings it is down 2.8% on the previous year and up 31.0% over ten years.
Over the whole period, share of service in total exports in Panama peaked at 21.12 billion BoP, current US$ in 2012 and was at its lowest, 385.70 million BoP, current US$, in 1978.
Panama ranks 82nd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of service in total exports in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 401.00 million BoP, current US$ | — |
| 1978 | 385.70 million BoP, current US$ | -3.8% |
| 1979 | 453.20 million BoP, current US$ | +17.5% |
| 1980 | 2.52 billion BoP, current US$ | +455.8% |
| 1981 | 2.77 billion BoP, current US$ | +10.1% |
| 1982 | 2.58 billion BoP, current US$ | -7.0% |
| 1983 | 1.84 billion BoP, current US$ | -28.7% |
| 1984 | 1.89 billion BoP, current US$ | +2.7% |
| 1985 | 2.13 billion BoP, current US$ | +12.9% |
| 1986 | 2.49 billion BoP, current US$ | +16.8% |
| 1987 | 2.65 billion BoP, current US$ | +6.4% |
| 1988 | 2.51 billion BoP, current US$ | -5.5% |
| 1989 | 2.74 billion BoP, current US$ | +9.4% |
| 1990 | 3.35 billion BoP, current US$ | +22.0% |
| 1991 | 4.19 billion BoP, current US$ | +25.3% |
| 1992 | 5.10 billion BoP, current US$ | +21.8% |
| 1993 | 5.42 billion BoP, current US$ | +6.1% |
| 1994 | 6.04 billion BoP, current US$ | +11.6% |
| 1995 | 6.09 billion BoP, current US$ | +0.8% |
| 1996 | 5.82 billion BoP, current US$ | -4.4% |
| 1997 | 6.65 billion BoP, current US$ | +14.2% |
| 1998 | 6.32 billion BoP, current US$ | -4.9% |
| 1999 | 5.28 billion BoP, current US$ | -16.5% |
| 2000 | 5.82 billion BoP, current US$ | +10.3% |
| 2001 | 5.99 billion BoP, current US$ | +2.8% |
| 2002 | 5.31 billion BoP, current US$ | -11.3% |
| 2003 | 5.07 billion BoP, current US$ | -4.6% |
| 2004 | 6.08 billion BoP, current US$ | +19.9% |
| 2005 | 7.37 billion BoP, current US$ | +21.3% |
| 2006 | 8.47 billion BoP, current US$ | +14.9% |
| 2007 | 10.32 billion BoP, current US$ | +21.8% |
| 2008 | 13.86 billion BoP, current US$ | +34.3% |
| 2009 | 13.13 billion BoP, current US$ | -5.3% |
| 2010 | 14.13 billion BoP, current US$ | +7.7% |
| 2011 | 19.07 billion BoP, current US$ | +34.9% |
| 2012 | 21.12 billion BoP, current US$ | +10.8% |
| 2013 | 19.60 billion BoP, current US$ | -7.2% |
| 2014 | 16.84 billion BoP, current US$ | -14.1% |
| 2015 | 14.21 billion BoP, current US$ | -15.6% |
| 2016 | 12.93 billion BoP, current US$ | -9.0% |
| 2017 | 13.82 billion BoP, current US$ | +6.8% |
| 2018 | 14.75 billion BoP, current US$ | +6.8% |
| 2019 | 14.65 billion BoP, current US$ | -0.7% |
| 2020 | 11.61 billion BoP, current US$ | -20.7% |
| 2021 | 16.86 billion BoP, current US$ | +45.3% |
| 2022 | 20.44 billion BoP, current US$ | +21.2% |
| 2023 | 20.18 billion BoP, current US$ | -1.3% |
| 2024 | 19.15 billion BoP, current US$ | -5.1% |
| 2025 | 18.61 billion BoP, current US$ | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 413.30 million BoP, current US$ | 385.70 million BoP, current US$ | 453.20 million BoP, current US$ | 3 |
| 1980s | 2.41 billion BoP, current US$ | 1.84 billion BoP, current US$ | 2.77 billion BoP, current US$ | 10 |
| 1990s | 5.43 billion BoP, current US$ | 3.35 billion BoP, current US$ | 6.65 billion BoP, current US$ | 10 |
| 2000s | 8.14 billion BoP, current US$ | 5.07 billion BoP, current US$ | 13.86 billion BoP, current US$ | 10 |
| 2010s | 16.11 billion BoP, current US$ | 12.93 billion BoP, current US$ | 21.12 billion BoP, current US$ | 10 |
| 2020s | 17.81 billion BoP, current US$ | 11.61 billion BoP, current US$ | 20.44 billion BoP, current US$ | 6 |
Countries ranked near Panama
- 79 Estonia 21.24 billion BoP, current US$ compare
- 80 Latvia 21.11 billion BoP, current US$ compare
- 81 Côte d'Ivoire 20.80 billion BoP, current US$ compare
- 83 Uruguay 16.09 billion BoP, current US$ compare
- 84 Dominican Republic 15.96 billion BoP, current US$ compare
- 85 Paraguay 15.42 billion BoP, current US$ 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)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 13,857 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.7002 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 13,857 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.43 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6362 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is share of service in total exports in Panama?
- Share of service in total exports in Panama was 18.61 billion BoP, current US$ in 2025, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Panama?
- The highest recorded value was 21.12 billion BoP, current US$ in 2012.
- What is the lowest share of service in total exports recorded in Panama?
- The lowest recorded value was 385.70 million BoP, current US$ in 1978.
- How does Panama rank for share of service in total exports?
- Panama ranks 82nd out of 198 countries with data for 2025.
- Is share of service in total exports rising or falling in Panama?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.