Terms of trade adjustment in Panama
Panama: Terms of trade adjustment was 1.59 billion constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, terms of trade adjustment in Panama stood at 1.59 billion constant LCU. That is the highest value across all 29 years on record.
The figure is up 45.9% on the previous year and up 569.3% over ten years.
Over the whole period, terms of trade adjustment in Panama peaked at 1.59 billion constant LCU in 2024 and was at its lowest, -1.32 billion constant LCU, in 2008.
That places Panama 75th out of 178 countries with data for 2024, putting it 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 in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | -714.27 million constant LCU | — |
| 1997 | -416.72 million constant LCU | -41.7% |
| 1998 | -304.32 million constant LCU | -27.0% |
| 1999 | -459.24 million constant LCU | +50.9% |
| 2000 | -720.00 million constant LCU | +56.8% |
| 2001 | -585.72 million constant LCU | -18.7% |
| 2002 | -407.06 million constant LCU | -30.5% |
| 2003 | 409.43 million constant LCU | -200.6% |
| 2004 | -294.81 million constant LCU | -172.0% |
| 2005 | 97.00 million constant LCU | -132.9% |
| 2006 | -249.85 million constant LCU | -357.6% |
| 2007 | -996.64 million constant LCU | +298.9% |
| 2008 | -1.32 billion constant LCU | +32.5% |
| 2009 | -439.17 million constant LCU | -66.7% |
| 2010 | -500.02 million constant LCU | +13.9% |
| 2011 | -740.91 million constant LCU | +48.2% |
| 2012 | -951.07 million constant LCU | +28.4% |
| 2013 | -320.55 million constant LCU | -66.3% |
| 2014 | -339.60 million constant LCU | +5.9% |
| 2015 | 716.17 million constant LCU | -310.9% |
| 2016 | 866.72 million constant LCU | +21.0% |
| 2017 | 485.48 million constant LCU | -44.0% |
| 2018 | 0 constant LCU | -100.0% |
| 2019 | 110.89 million constant LCU | — |
| 2020 | 155.97 million constant LCU | +40.7% |
| 2021 | -32.10 million constant LCU | -120.6% |
| 2022 | -356.24 million constant LCU | +1009.8% |
| 2023 | 1.09 billion constant LCU | -406.7% |
| 2024 | 1.59 billion constant LCU | +45.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -473.64 million constant LCU | -714.27 million constant LCU | -304.32 million constant LCU | 4 |
| 2000s | -450.70 million constant LCU | -1.32 billion constant LCU | 409.43 million constant LCU | 10 |
| 2010s | -67.29 million constant LCU | -951.07 million constant LCU | 866.72 million constant LCU | 10 |
| 2020s | 490.75 million constant LCU | -356.24 million constant LCU | 1.59 billion constant LCU | 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)
- GDP (constant 2015 US$), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8919 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 17,650 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.9369 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 18,541 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3858 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in Panama?
- Terms of trade adjustment in Panama was 1.59 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Panama?
- The highest recorded value was 1.59 billion constant LCU in 2024.
- What is the lowest terms of trade adjustment recorded in Panama?
- The lowest recorded value was -1.32 billion constant LCU in 2008.
- How does Panama rank for terms of trade adjustment?
- Panama ranks 75th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Panama?
- Over the last ten years it is up 569.3%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.