Transport services in Panama
Panama: Transport services was 51.2% in 2025. ▲ Rising
Transport services in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2025, transport services in Panama stood at 51.2%.
Compared with earlier readings it is up 3.6% on the previous year and up 11.7% over ten years.
Over the whole period, transport services in Panama peaked at 64.6% in 2020 and was at its lowest, 5.1%, in 1977.
That places Panama 6th out of 198 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Transport services in Panama, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 5.1% | — |
| 1978 | 5.2% | +2.3% |
| 1979 | 5.2% | -0.2% |
| 1980 | 46.9% | +808.9% |
| 1981 | 49.7% | +5.9% |
| 1982 | 55.8% | +12.2% |
| 1983 | 58.9% | +5.6% |
| 1984 | 58.2% | -1.2% |
| 1985 | 55.7% | -4.3% |
| 1986 | 53.5% | -3.9% |
| 1987 | 53.0% | -1.0% |
| 1988 | 55.9% | +5.4% |
| 1989 | 55.1% | -1.4% |
| 1990 | 53.8% | -2.3% |
| 1991 | 52.6% | -2.3% |
| 1992 | 51.0% | -3.0% |
| 1993 | 49.6% | -2.7% |
| 1994 | 50.2% | +1.0% |
| 1995 | 51.5% | +2.7% |
| 1996 | 50.9% | -1.2% |
| 1997 | 52.5% | +3.2% |
| 1998 | 53.9% | +2.7% |
| 1999 | 55.5% | +2.9% |
| 2000 | 57.4% | +3.5% |
| 2001 | 56.7% | -1.3% |
| 2002 | 53.0% | -6.4% |
| 2003 | 53.4% | +0.7% |
| 2004 | 54.5% | +2.2% |
| 2005 | 55.5% | +1.7% |
| 2006 | 55.5% | -0.0% |
| 2007 | 51.7% | -6.8% |
| 2008 | 52.6% | +1.8% |
| 2009 | 52.7% | +0.2% |
| 2010 | 50.1% | -4.9% |
| 2011 | 47.2% | -5.9% |
| 2012 | 48.2% | +2.2% |
| 2013 | 48.0% | -0.5% |
| 2014 | 47.7% | -0.6% |
| 2015 | 45.8% | -3.9% |
| 2016 | 45.7% | -0.4% |
| 2017 | 48.4% | +6.1% |
| 2018 | 49.3% | +1.8% |
| 2019 | 50.5% | +2.3% |
| 2020 | 64.6% | +27.9% |
| 2021 | 62.3% | -3.5% |
| 2022 | 54.5% | -12.6% |
| 2023 | 52.5% | -3.6% |
| 2024 | 49.4% | -5.8% |
| 2025 | 51.2% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.1% | 5.1% | 5.2% | 3 |
| 1980s | 54.3% | 46.9% | 58.9% | 10 |
| 1990s | 52.2% | 49.6% | 55.5% | 10 |
| 2000s | 54.3% | 51.7% | 57.4% | 10 |
| 2010s | 48.1% | 45.7% | 50.5% | 10 |
| 2020s | 55.7% | 49.4% | 64.6% | 6 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 10,575 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.9496 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 18,195 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.9496 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 18,195 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.9641 % change on previous year (2024)
Frequently asked questions
- What is transport services in Panama?
- Transport services in Panama was 51.2% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Panama?
- The highest recorded value was 64.6% in 2020.
- What is the lowest transport services recorded in Panama?
- The lowest recorded value was 5.1% in 1977.
- How does Panama rank for transport services?
- Panama ranks 6th out of 198 countries with data for 2025.
- Is transport services rising or falling in Panama?
- Over the last ten years it is up 11.7%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.