Tourism contribution to GDP in Panama
Panama: Tourism contribution to GDP was 10.8% in 2023. ▼ Falling
Tourism contribution to GDP in Panama, 2008–2023
Source: UN Tourism (2025) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for tourism contribution to gdp in Panama is 10.8%, measured in 2023.
The figure is up 8.0% on the previous year and down 9.2% over ten years.
Over the whole period, tourism contribution to gdp in Panama peaked at 11.9% in 2013 and was at its lowest, 3.2%, in 2020.
That places Panama 7th out of 100 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 16 years of available data.
Tourism contribution to GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 8.8% | — |
| 2009 | 8.4% | -4.5% |
| 2010 | 8.9% | +6.0% |
| 2011 | 10.4% | +16.9% |
| 2012 | 11.3% | +8.7% |
| 2013 | 11.9% | +5.3% |
| 2014 | 11.5% | -3.4% |
| 2015 | 10.6% | -7.8% |
| 2016 | 10.8% | +1.9% |
| 2017 | 10.9% | +0.9% |
| 2018 | 10.6% | -2.8% |
| 2019 | 10.1% | -4.7% |
| 2020 | 3.2% | -68.3% |
| 2021 | 5.4% | +68.8% |
| 2022 | 10.0% | +85.2% |
| 2023 | 10.8% | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.6% | 8.4% | 8.8% | 2 |
| 2010s | 10.7% | 8.9% | 11.9% | 10 |
| 2020s | 7.4% | 3.2% | 10.8% | 4 |
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)
- Services, value added (constant LCU), per capita 13,098 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.1934 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- 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)
Frequently asked questions
- What is tourism contribution to gdp in Panama?
- Tourism contribution to gdp in Panama was 10.8% in 2023, according to UN Tourism (2025) – processed by Our World in Data.
- What is the highest tourism contribution to gdp recorded in Panama?
- The highest recorded value was 11.9% in 2013.
- What is the lowest tourism contribution to gdp recorded in Panama?
- The lowest recorded value was 3.2% in 2020.
- How does Panama rank for tourism contribution to gdp?
- Panama ranks 7th out of 100 countries with data for 2023.
- Is tourism contribution to gdp rising or falling in Panama?
- Over the last ten years it is down 9.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from UN Tourism (2025) – processed by Our World in Data, published as part of Tourism contribution to GDP. Statizoid updates them automatically from the source API.
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About this data
Percentage of a country's GDP that comes directly from tourism, including spending by visitors and the industries that serve them.