Trade in Panama
Panama: Trade was 83.7% in 2024. ▼ Falling
Trade in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Panama recorded 83.7% for trade in 2024.
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 in Panama peaked at 174.7% in 1997 and was at its lowest, 68.7%, in 2020.
Panama ranks 93rd of 192 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Trade in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 100.2% | — |
| 1961 | 100.9% | +0.7% |
| 1962 | 110.3% | +9.4% |
| 1963 | 112.8% | +2.2% |
| 1964 | 109.4% | -3.0% |
| 1965 | 112.7% | +3.0% |
| 1966 | 116.1% | +3.1% |
| 1967 | 114.7% | -1.2% |
| 1968 | 114.0% | -0.6% |
| 1969 | 117.3% | +2.9% |
| 1970 | 117.4% | +0.1% |
| 1971 | 115.0% | -2.0% |
| 1972 | 115.0% | -0.0% |
| 1973 | 113.8% | -1.1% |
| 1974 | 150.1% | +32.0% |
| 1975 | 149.8% | -0.2% |
| 1976 | 137.1% | -8.5% |
| 1977 | 137.0% | -0.0% |
| 1978 | 125.8% | -8.2% |
| 1979 | 131.9% | +4.8% |
| 1980 | 137.5% | +4.3% |
| 1981 | 133.7% | -2.7% |
| 1982 | 116.8% | -12.7% |
| 1983 | 93.1% | -20.3% |
| 1984 | 91.9% | -1.4% |
| 1985 | 94.1% | +2.4% |
| 1986 | 97.3% | +3.5% |
| 1987 | 98.6% | +1.3% |
| 1988 | 97.7% | -0.9% |
| 1989 | 109.6% | +12.2% |
| 1990 | 121.8% | +11.1% |
| 1991 | 140.2% | +15.2% |
| 1992 | 144.9% | +3.3% |
| 1993 | 139.7% | -3.6% |
| 1994 | 143.6% | +2.8% |
| 1995 | 146.9% | +2.3% |
| 1996 | 165.6% | +12.7% |
| 1997 | 174.7% | +5.5% |
| 1998 | 158.0% | -9.6% |
| 1999 | 131.6% | -16.7% |
| 2000 | 139.2% | +5.8% |
| 2001 | 135.6% | -2.6% |
| 2002 | 126.0% | -7.1% |
| 2003 | 117.3% | -6.9% |
| 2004 | 124.8% | +6.4% |
| 2005 | 139.2% | +11.6% |
| 2006 | 141.5% | +1.6% |
| 2007 | 148.7% | +5.1% |
| 2008 | 164.6% | +10.7% |
| 2009 | 137.0% | -16.7% |
| 2010 | 145.4% | +6.1% |
| 2011 | 158.2% | +8.8% |
| 2012 | 153.2% | -3.2% |
| 2013 | 133.1% | -13.1% |
| 2014 | 115.0% | -13.6% |
| 2015 | 96.6% | -16.0% |
| 2016 | 84.4% | -12.6% |
| 2017 | 84.0% | -0.4% |
| 2018 | 86.1% | +2.5% |
| 2019 | 80.4% | -6.6% |
| 2020 | 68.7% | -14.6% |
| 2021 | 80.1% | +16.6% |
| 2022 | 93.5% | +16.6% |
| 2023 | 88.3% | -5.5% |
| 2024 | 83.7% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 110.8% | 100.2% | 117.3% | 10 |
| 1970s | 129.3% | 113.8% | 150.1% | 10 |
| 1980s | 107.0% | 91.9% | 137.5% | 10 |
| 1990s | 146.7% | 121.8% | 174.7% | 10 |
| 2000s | 137.4% | 117.3% | 164.6% | 10 |
| 2010s | 113.6% | 80.4% | 158.2% | 10 |
| 2020s | 82.9% | 68.7% | 93.5% | 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in Panama?
- Trade in Panama was 83.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Panama?
- The highest recorded value was 174.7% in 1997.
- What is the lowest trade recorded in Panama?
- The lowest recorded value was 68.7% in 2020.
- How does Panama rank for trade?
- Panama ranks 93rd out of 192 countries with data for 2024.
- Is trade 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.