Trade as share of gdp in Panama
Panama: Trade as share of gdp was 83.67 in 2024. ▼ Falling
Latest (2024)
83.67
Change on year
down 5.3%
World rank
92nd
of 191 countries
All-time high
174.71
in 1997
All-time low
68.7
in 2020
Years of data
65
1960–2024
Trade as share of gdp in Panama, 1960–2024
Source: Our World in Data.
Analysis
In 2024, trade as share of gdp in Panama stood at 83.67.
Compared with earlier readings it is down 5.3% on the previous year and down 27.2% over ten years.
Over the whole period, trade as share of gdp in Panama peaked at 174.71 in 1997 and was at its lowest, 68.7, in 2020.
That places Panama 92nd out of 191 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Trade as share of gdp in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 100.17 | — |
| 1961 | 100.86 | +0.7% |
| 1962 | 110.35 | +9.4% |
| 1963 | 112.75 | +2.2% |
| 1964 | 109.42 | -3.0% |
| 1965 | 112.67 | +3.0% |
| 1966 | 116.11 | +3.1% |
| 1967 | 114.72 | -1.2% |
| 1968 | 113.98 | -0.6% |
| 1969 | 117.29 | +2.9% |
| 1970 | 117.37 | +0.1% |
| 1971 | 115.05 | -2.0% |
| 1972 | 115.02 | -0.0% |
| 1973 | 113.78 | -1.1% |
| 1974 | 150.14 | +32.0% |
| 1975 | 149.83 | -0.2% |
| 1976 | 137.07 | -8.5% |
| 1977 | 137.02 | -0.0% |
| 1978 | 125.82 | -8.2% |
| 1979 | 131.86 | +4.8% |
| 1980 | 137.5 | +4.3% |
| 1981 | 133.72 | -2.7% |
| 1982 | 116.78 | -12.7% |
| 1983 | 93.14 | -20.3% |
| 1984 | 91.88 | -1.4% |
| 1985 | 94.06 | +2.4% |
| 1986 | 97.33 | +3.5% |
| 1987 | 98.59 | +1.3% |
| 1988 | 97.67 | -0.9% |
| 1989 | 109.6 | +12.2% |
| 1990 | 121.79 | +11.1% |
| 1991 | 140.25 | +15.2% |
| 1992 | 144.88 | +3.3% |
| 1993 | 139.68 | -3.6% |
| 1994 | 143.61 | +2.8% |
| 1995 | 146.91 | +2.3% |
| 1996 | 165.61 | +12.7% |
| 1997 | 174.71 | +5.5% |
| 1998 | 158 | -9.6% |
| 1999 | 131.56 | -16.7% |
| 2000 | 139.2 | +5.8% |
| 2001 | 135.58 | -2.6% |
| 2002 | 126.02 | -7.1% |
| 2003 | 117.27 | -6.9% |
| 2004 | 124.76 | +6.4% |
| 2005 | 139.21 | +11.6% |
| 2006 | 141.47 | +1.6% |
| 2007 | 148.67 | +5.1% |
| 2008 | 164.59 | +10.7% |
| 2009 | 137.05 | -16.7% |
| 2010 | 145.45 | +6.1% |
| 2011 | 158.21 | +8.8% |
| 2012 | 153.21 | -3.2% |
| 2013 | 133.07 | -13.1% |
| 2014 | 114.97 | -13.6% |
| 2015 | 96.58 | -16.0% |
| 2016 | 84.4 | -12.6% |
| 2017 | 84.05 | -0.4% |
| 2018 | 86.13 | +2.5% |
| 2019 | 80.43 | -6.6% |
| 2020 | 68.7 | -14.6% |
| 2021 | 80.13 | +16.6% |
| 2022 | 93.48 | +16.6% |
| 2023 | 88.35 | -5.5% |
| 2024 | 83.67 | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 110.83 | 100.17 | 117.29 | 10 |
| 1970s | 129.3 | 113.78 | 150.14 | 10 |
| 1980s | 107.03 | 91.88 | 137.5 | 10 |
| 1990s | 146.7 | 121.79 | 174.71 | 10 |
| 2000s | 137.38 | 117.27 | 164.59 | 10 |
| 2010s | 113.65 | 80.43 | 158.21 | 10 |
| 2020s | 82.87 | 68.7 | 93.48 | 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 trade as share of gdp in Panama?
- Trade as share of gdp in Panama was 83.67 in 2024, according to Our World in Data.
- What is the highest trade as share of gdp recorded in Panama?
- The highest recorded value was 174.71 in 1997.
- What is the lowest trade as share of gdp recorded in Panama?
- The lowest recorded value was 68.7 in 2020.
- How does Panama rank for trade as share of gdp?
- Panama ranks 92nd out of 191 countries with data for 2024.
- Is trade as share of gdp rising or falling in Panama?
- Over the last ten years it is down 27.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Trade as share of gdp. Statizoid updates them automatically from the source API.
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