Terms of trade adjustment (constant LCU), annual growth rate in Panama
Panama: Terms of trade adjustment (constant LCU), annual growth rate was 45.87 % change on previous year in 2024. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Panama, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, terms of trade adjustment (constant lcu), annual growth rate in Panama stood at 45.87 % change on previous year.
Compared with earlier readings it is down 88.7% on the previous year and up 871.5% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Panama peaked at 406.67 % change on previous year in 2023 and was at its lowest, -357.56 % change on previous year, in 2006.
Panama ranks 53rd of 178 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.
Terms of trade adjustment (constant LCU), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 41.66 % change on previous year | — |
| 1998 | 26.97 % change on previous year | -35.3% |
| 1999 | -50.91 % change on previous year | -288.7% |
| 2000 | -56.78 % change on previous year | +11.5% |
| 2001 | 18.65 % change on previous year | -132.8% |
| 2002 | 30.5 % change on previous year | +63.5% |
| 2003 | 200.58 % change on previous year | +557.6% |
| 2004 | -172.01 % change on previous year | -185.8% |
| 2005 | 132.9 % change on previous year | -177.3% |
| 2006 | -357.56 % change on previous year | -369.0% |
| 2007 | -298.9 % change on previous year | -16.4% |
| 2008 | -32.46 % change on previous year | -89.1% |
| 2009 | 66.73 % change on previous year | -305.6% |
| 2010 | -13.85 % change on previous year | -120.8% |
| 2011 | -48.18 % change on previous year | +247.7% |
| 2012 | -28.36 % change on previous year | -41.1% |
| 2013 | 66.3 % change on previous year | -333.7% |
| 2014 | -5.95 % change on previous year | -109.0% |
| 2015 | 310.88 % change on previous year | -5328.6% |
| 2016 | 21.02 % change on previous year | -93.2% |
| 2017 | -43.99 % change on previous year | -309.2% |
| 2018 | -100 % change on previous year | +127.3% |
| 2020 | 40.65 % change on previous year | -140.7% |
| 2021 | -120.58 % change on previous year | -396.6% |
| 2023 | 406.67 % change on previous year | -437.3% |
| 2024 | 45.87 % change on previous year | -88.7% |
Panama compared with similar countries
- Panama's 45.87 % change on previous year is above the median for high income countries, which is 12.48 % change on previous year, 3.7× the median. (63 countries reporting)
- Panama's 45.87 % change on previous year is above the median for Latin America & Caribbean, which is 34.64 % change on previous year, 1.3× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Terms of trade adjustment (constant LCU), annual growth rate in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +5328.6% | -5.95 % change on previous year | 310.88 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.91 % change on previous year | -50.91 % change on previous year | 41.66 % change on previous year | 3 |
| 2000s | -46.83 % change on previous year | -357.56 % change on previous year | 200.58 % change on previous year | 10 |
| 2010s | 17.54 % change on previous year | -100 % change on previous year | 310.88 % change on previous year | 9 |
| 2020s | 93.15 % change on previous year | -120.58 % change on previous year | 406.67 % change on previous year | 4 |
Countries ranked near Panama
- 50 Tonga 49.04 % change on previous year compare
- 51 Chad 48.17 % change on previous year compare
- 52 South Africa 46.05 % change on previous year compare
- 54 Morocco 45.36 % change on previous year compare
- 55 Armenia 43.3 % change on previous year compare
- 56 Lebanon 42.94 % change on previous year 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)
- 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 terms of trade adjustment (constant lcu), annual growth rate in Panama?
- Terms of trade adjustment (constant lcu), annual growth rate in Panama was 45.87 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Panama?
- The highest recorded value was 406.67 % change on previous year in 2023.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Panama?
- The lowest recorded value was -357.56 % change on previous year in 2006.
- How does Panama rank for terms of trade adjustment (constant lcu), annual growth rate?
- Panama ranks 53rd out of 178 countries with data for 2024.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Panama?
- Over the last ten years it is up 871.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.