Share of services in total exports in Panama
Panama: Share of services in total exports was 52.04 in 2025. ▲ Rising
Latest (2025)
52.04
Change on year
up 6.2%
World rank
50th
of 198 countries
All-time high
55.25
in 1979
All-time low
18.85
in 1994
Years of data
49
1977–2025
Share of services in total exports in Panama, 1977–2025
Source: Our World in Data.
Analysis
Panama recorded 52.04 for share of services in total exports in 2025.
The figure is up 6.2% on the previous year and up 14.3% over ten years.
Over the whole period, share of services in total exports in Panama peaked at 55.25 in 1979 and was at its lowest, 18.85, in 1994.
That places Panama 50th out of 198 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 49 years of available data.
Share of services in total exports in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1977 | 50.01 | — |
| 1978 | 53.43 | +6.8% |
| 1979 | 55.25 | +3.4% |
| 1980 | 26.39 | -52.2% |
| 1981 | 25.17 | -4.6% |
| 1982 | 27.82 | +10.5% |
| 1983 | 38.09 | +36.9% |
| 1984 | 36.08 | -5.3% |
| 1985 | 35.64 | -1.2% |
| 1986 | 31.78 | -10.8% |
| 1987 | 30.28 | -4.7% |
| 1988 | 29.79 | -1.6% |
| 1989 | 26.37 | -11.5% |
| 1990 | 24.62 | -6.6% |
| 1991 | 22.52 | -8.5% |
| 1992 | 19.37 | -14.0% |
| 1993 | 19.33 | -0.2% |
| 1994 | 18.85 | -2.5% |
| 1995 | 19.98 | +6.0% |
| 1996 | 21.49 | +7.6% |
| 1997 | 20.65 | -3.9% |
| 1998 | 23.11 | +11.9% |
| 1999 | 26 | +12.5% |
| 2000 | 25.64 | -1.4% |
| 2001 | 25.03 | -2.4% |
| 2002 | 30.07 | +20.1% |
| 2003 | 33.43 | +11.2% |
| 2004 | 31.53 | -5.7% |
| 2005 | 30.49 | -3.3% |
| 2006 | 32.09 | +5.2% |
| 2007 | 32.97 | +2.7% |
| 2008 | 29.92 | -9.3% |
| 2009 | 31.2 | +4.3% |
| 2010 | 32.6 | +4.5% |
| 2011 | 31.19 | -4.3% |
| 2012 | 32.07 | +2.8% |
| 2013 | 35.52 | +10.8% |
| 2014 | 40.45 | +13.9% |
| 2015 | 45.51 | +12.5% |
| 2016 | 48.7 | +7.0% |
| 2017 | 49.11 | +0.8% |
| 2018 | 47.87 | -2.5% |
| 2019 | 48.43 | +1.2% |
| 2020 | 41.39 | -14.5% |
| 2021 | 38.76 | -6.4% |
| 2022 | 42.61 | +9.9% |
| 2023 | 46.79 | +9.8% |
| 2024 | 48.99 | +4.7% |
| 2025 | 52.04 | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52.9 | 50.01 | 55.25 | 3 |
| 1980s | 30.74 | 25.17 | 38.09 | 10 |
| 1990s | 21.59 | 18.85 | 26 | 10 |
| 2000s | 30.24 | 25.03 | 33.43 | 10 |
| 2010s | 41.14 | 31.19 | 49.11 | 10 |
| 2020s | 45.1 | 38.76 | 52.04 | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is share of services in total exports in Panama?
- Share of services in total exports in Panama was 52.04 in 2025, according to Our World in Data.
- What is the highest share of services in total exports recorded in Panama?
- The highest recorded value was 55.25 in 1979.
- What is the lowest share of services in total exports recorded in Panama?
- The lowest recorded value was 18.85 in 1994.
- How does Panama rank for share of services in total exports?
- Panama ranks 50th out of 198 countries with data for 2025.
- Is share of services in total exports rising or falling in Panama?
- Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Share of services in total exports. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (Our World in Data).