Spending by international visitors while visiting a country as a share of GDP in Panama
Panama: Spending by international visitors while visiting a country as a share of GDP was 10.5% in 2024. ▲ Rising
Spending by international visitors while visiting a country as a share of GDP in Panama, 1995–2024
Source: UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for spending by international visitors while visiting a country as a share of gdp in Panama is 10.5%, measured in 2024.
That represents a change of up 2.3% on the previous year and down 6.1% over ten years.
Over the whole period, spending by international visitors while visiting a country as a share of gdp in Panama peaked at 11.5% in 2013 and was at its lowest, 3.2%, in 2020.
That places Panama 37th out of 191 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Spending by international visitors while visiting a country as a share of GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 3.9% | — |
| 1996 | 4.7% | +20.9% |
| 1997 | 4.7% | -0.3% |
| 1998 | 4.5% | -4.6% |
| 1999 | 4.3% | -2.8% |
| 2000 | 5.2% | +20.9% |
| 2001 | 5.4% | +3.4% |
| 2002 | 5.5% | +2.2% |
| 2003 | 5.9% | +6.6% |
| 2004 | 6.0% | +1.2% |
| 2005 | 6.7% | +11.5% |
| 2006 | 7.6% | +14.6% |
| 2007 | 8.3% | +8.9% |
| 2008 | 8.6% | +3.2% |
| 2009 | 8.2% | -4.4% |
| 2010 | 8.7% | +5.7% |
| 2011 | 10.2% | +17.3% |
| 2012 | 11.0% | +8.4% |
| 2013 | 11.5% | +4.7% |
| 2014 | 11.2% | -3.1% |
| 2015 | 10.3% | -7.7% |
| 2016 | 10.5% | +1.9% |
| 2017 | 10.6% | +0.9% |
| 2018 | 10.6% | -0.1% |
| 2019 | 10.1% | -4.7% |
| 2020 | 3.2% | -67.9% |
| 2021 | 5.4% | +65.0% |
| 2022 | 9.7% | +80.1% |
| 2023 | 10.3% | +6.3% |
| 2024 | 10.5% | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.4% | 3.9% | 4.7% | 5 |
| 2000s | 6.8% | 5.2% | 8.6% | 10 |
| 2010s | 10.5% | 8.7% | 11.5% | 10 |
| 2020s | 7.8% | 3.2% | 10.5% | 5 |
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 capital formation (constant 2015 US$), annual growth rate -7.13 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2986 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 5,722 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -4.99 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.3932 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 7,533 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -4.99 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.3932 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is spending by international visitors while visiting a country as a share of gdp in Panama?
- Spending by international visitors while visiting a country as a share of gdp in Panama was 10.5% in 2024, according to UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest spending by international visitors while visiting a country as a share of gdp recorded in Panama?
- The highest recorded value was 11.5% in 2013.
- What is the lowest spending by international visitors while visiting a country as a share of gdp recorded in Panama?
- The lowest recorded value was 3.2% in 2020.
- How does Panama rank for spending by international visitors while visiting a country as a share of gdp?
- Panama ranks 37th out of 191 countries with data for 2024.
- Is spending by international visitors while visiting a country as a share of gdp rising or falling in Panama?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Spending by international visitors while visiting a country as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Money received by the destination country from foreign visitors, including spending on accommodation, food, transport, entertainment, shopping, and fares paid to the country’s own airlines, as a share of, as a share of GDP.