Value Added (Total Manufacturing) — Value Standard Local Currency in Panama
Panama: Value Added (Total Manufacturing) — Value Standard Local Currency was 2.65 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Panama, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Panama stood at 2.65 % change on previous year.
That represents a change of down 68.3% on the previous year and down 86.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Panama peaked at 35.91 % change on previous year in 2007 and was at its lowest, -23.22 % change on previous year, in 1988.
That places Panama 156th out of 231 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.76 % change on previous year | — |
| 1972 | 3.75 % change on previous year | -44.5% |
| 1973 | 14.18 % change on previous year | +278.0% |
| 1974 | 25.47 % change on previous year | +79.5% |
| 1975 | 16.83 % change on previous year | -33.9% |
| 1976 | -7.92 % change on previous year | -147.1% |
| 1977 | 7.69 % change on previous year | -197.0% |
| 1978 | 7.95 % change on previous year | +3.4% |
| 1979 | 16.11 % change on previous year | +102.7% |
| 1980 | 21.38 % change on previous year | +32.7% |
| 1981 | 0.8344 % change on previous year | -96.1% |
| 1982 | 5.38 % change on previous year | +544.6% |
| 1983 | 12.47 % change on previous year | +131.9% |
| 1984 | 8.52 % change on previous year | -31.7% |
| 1985 | 22.44 % change on previous year | +163.3% |
| 1986 | -5.01 % change on previous year | -122.3% |
| 1987 | -4.02 % change on previous year | -19.7% |
| 1988 | -23.22 % change on previous year | +477.9% |
| 1989 | -1.55 % change on previous year | -93.3% |
| 1990 | 12.6 % change on previous year | -915.5% |
| 1991 | 11.65 % change on previous year | -7.6% |
| 1992 | 10.75 % change on previous year | -7.7% |
| 1993 | 3.29 % change on previous year | -69.5% |
| 1994 | 3.71 % change on previous year | +13.0% |
| 1995 | 4.36 % change on previous year | +17.5% |
| 1996 | 2.43 % change on previous year | -44.1% |
| 1997 | -2.51 % change on previous year | -202.9% |
| 1998 | 5.27 % change on previous year | -310.3% |
| 1999 | 2.86 % change on previous year | -45.6% |
| 2000 | -5.8 % change on previous year | -302.5% |
| 2001 | -5.98 % change on previous year | +3.2% |
| 2002 | -5.82 % change on previous year | -2.7% |
| 2003 | -0.4314 % change on previous year | -92.6% |
| 2004 | 5.57 % change on previous year | -1391.1% |
| 2005 | 4.79 % change on previous year | -14.0% |
| 2006 | 6.07 % change on previous year | +26.8% |
| 2007 | 35.91 % change on previous year | +491.6% |
| 2008 | 16.69 % change on previous year | -53.5% |
| 2009 | 11.04 % change on previous year | -33.9% |
| 2010 | 5.8 % change on previous year | -47.5% |
| 2011 | 5.32 % change on previous year | -8.2% |
| 2012 | 14.87 % change on previous year | +179.6% |
| 2013 | 20.28 % change on previous year | +36.4% |
| 2014 | 9.29 % change on previous year | -54.2% |
| 2015 | 4.95 % change on previous year | -46.7% |
| 2016 | 3.52 % change on previous year | -28.9% |
| 2017 | 5.38 % change on previous year | +52.9% |
| 2018 | 1.25 % change on previous year | -76.8% |
| 2019 | 2.41 % change on previous year | +93.2% |
| 2020 | -18.86 % change on previous year | -881.5% |
| 2021 | 9.63 % change on previous year | -151.0% |
| 2022 | 8.36 % change on previous year | -13.2% |
| 2023 | 2.65 % change on previous year | -68.3% |
Panama compared with similar countries
- Panama's 2.65 % change on previous year is below the median for high income countries, which is 4.06 % change on previous year, 65% of the median. (73 countries reporting)
- Panama's 2.65 % change on previous year is below the median for Latin America & Caribbean, which is 5.11 % change on previous year, 52% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +1391.1% | -0.4314 % change on previous year | 5.57 % change on previous year |
| 1990 | +915.5% | -1.55 % change on previous year | 12.6 % change on previous year |
| 2020 | -881.5% | 2.41 % change on previous year | -18.86 % change on previous year |
| 1982 | +544.6% | 0.8344 % change on previous year | 5.38 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.09 % change on previous year | -7.92 % change on previous year | 25.47 % change on previous year | 9 |
| 1980s | 3.72 % change on previous year | -23.22 % change on previous year | 22.44 % change on previous year | 10 |
| 1990s | 5.44 % change on previous year | -2.51 % change on previous year | 12.6 % change on previous year | 10 |
| 2000s | 6.2 % change on previous year | -5.98 % change on previous year | 35.91 % change on previous year | 10 |
| 2010s | 7.31 % change on previous year | 1.25 % change on previous year | 20.28 % change on previous year | 10 |
| 2020s | 0.4435 % change on previous year | -18.86 % change on previous year | 9.63 % change on previous year | 4 |
Countries ranked near Panama
- 153 Estonia 2.71 % change on previous year compare
- 154 Burkina Faso 2.71 % change on previous year compare
- 155 British Virgin Islands 2.68 % change on previous year compare
- 157 North Macedonia 2.65 % change on previous year compare
- 158 Puerto Rico 2.63 % change on previous year compare
- 159 Canada 2.57 % change on previous year compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Panama?
- Value added (total manufacturing) — value standard local currency in Panama was 2.65 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Panama?
- The highest recorded value was 35.91 % change on previous year in 2007.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Panama?
- The lowest recorded value was -23.22 % change on previous year in 1988.
- How does Panama rank for value added (total manufacturing) — value standard local currency?
- Panama ranks 156th out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Panama?
- Over the last ten years it is down 86.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.