Textiles and clothing in Panama
Panama: Textiles and clothing was 1.4% in 2020. ▼ Falling
Textiles and clothing in Panama, 1963–2020
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for textiles and clothing in Panama is 1.4%, measured in 2020. That is the lowest value across all 41 years on record.
Compared with earlier readings it is down 24.0% on the previous year.
Over the whole period, textiles and clothing in Panama peaked at 10.5% in 1978 and was at its lowest, 1.4%, in 2020.
That places Panama 125th out of 154 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Textiles and clothing in Panama, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1963 | 6.6% | — |
| 1964 | 6.5% | -2.2% |
| 1965 | 7.4% | +15.2% |
| 1966 | 7.3% | -2.3% |
| 1967 | 8.0% | +9.9% |
| 1968 | 8.7% | +9.2% |
| 1969 | 8.8% | +0.5% |
| 1970 | 8.9% | +1.1% |
| 1971 | 8.8% | -0.2% |
| 1972 | 9.5% | +7.7% |
| 1973 | 8.9% | -7.1% |
| 1974 | 8.1% | -8.9% |
| 1975 | 8.1% | +0.5% |
| 1976 | 8.8% | +8.5% |
| 1977 | 9.5% | +8.0% |
| 1978 | 10.5% | +10.1% |
| 1979 | 10.4% | -1.0% |
| 1980 | 9.5% | -7.9% |
| 1981 | 8.9% | -6.3% |
| 1982 | 8.8% | -1.1% |
| 1983 | 7.2% | -18.7% |
| 1984 | 6.9% | -3.4% |
| 1985 | 7.0% | +0.3% |
| 1986 | 6.9% | -1.1% |
| 1987 | 6.5% | -5.5% |
| 1988 | 6.2% | -4.7% |
| 1989 | 5.5% | -11.6% |
| 1990 | 8.1% | +47.2% |
| 1991 | 8.5% | +4.7% |
| 1992 | 6.4% | -24.0% |
| 1993 | 7.9% | +22.8% |
| 1994 | 8.0% | +1.4% |
| 1995 | 7.7% | -3.8% |
| 1996 | 7.1% | -8.0% |
| 1997 | 6.4% | -9.1% |
| 1998 | 6.6% | +2.6% |
| 1999 | 5.3% | -20.2% |
| 2000 | 5.3% | +1.3% |
| 2001 | 4.2% | -21.4% |
| 2019 | 1.9% | -55.3% |
| 2020 | 1.4% | -24.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.6% | 6.5% | 8.8% | 7 |
| 1970s | 9.1% | 8.1% | 10.5% | 10 |
| 1980s | 7.4% | 5.5% | 9.5% | 10 |
| 1990s | 7.2% | 5.3% | 8.5% | 10 |
| 2000s | 4.8% | 4.2% | 5.3% | 2 |
| 2010s | 1.9% | 1.9% | 1.9% | 1 |
| 2020s | 1.4% | 1.4% | 1.4% | 1 |
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)
- Total reserves minus gold (current US$), annual growth rate -8.97 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.069 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,365 current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.41 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.124 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 2,377 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 4.41 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.124 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is textiles and clothing in Panama?
- Textiles and clothing in Panama was 1.4% in 2020, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest textiles and clothing recorded in Panama?
- The highest recorded value was 10.5% in 1978.
- What is the lowest textiles and clothing recorded in Panama?
- The lowest recorded value was 1.4% in 2020.
- How does Panama rank for textiles and clothing?
- Panama ranks 125th out of 154 countries with data for 2020.
- Where does this Panama data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Textiles and clothing (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Textiles and clothing refers to industries in ISIC (rev. 3) divisions 17-19 and includes manufacturing of textiles, apparel, dyeing of fur, and tanning of leather. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).