Value Added (Total Manufacturing) — Value Standard Local Currency in Panama
Panama: Value Added (Total Manufacturing) — Value Standard Local Currency was 3,903 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Panama, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for value added (total manufacturing) — value standard local currency in Panama is 3,903 million SLC, measured in 2023.
The figure is up 2.7% on the previous year and up 28.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Panama peaked at 3,945 million SLC in 2019 and was at its lowest, 223.37 million SLC, in 1970.
That places Panama 170th 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 | million SLC | Change |
|---|---|---|
| 1970 | 223.37 million SLC | — |
| 1971 | 238.46 million SLC | +6.8% |
| 1972 | 247.41 million SLC | +3.8% |
| 1973 | 282.5 million SLC | +14.2% |
| 1974 | 354.44 million SLC | +25.5% |
| 1975 | 414.1 million SLC | +16.8% |
| 1976 | 381.29 million SLC | -7.9% |
| 1977 | 410.59 million SLC | +7.7% |
| 1978 | 443.23 million SLC | +7.9% |
| 1979 | 514.64 million SLC | +16.1% |
| 1980 | 624.66 million SLC | +21.4% |
| 1981 | 629.87 million SLC | +0.8% |
| 1982 | 663.75 million SLC | +5.4% |
| 1983 | 746.52 million SLC | +12.5% |
| 1984 | 810.14 million SLC | +8.5% |
| 1985 | 991.94 million SLC | +22.4% |
| 1986 | 942.27 million SLC | -5.0% |
| 1987 | 904.41 million SLC | -4.0% |
| 1988 | 694.4 million SLC | -23.2% |
| 1989 | 683.67 million SLC | -1.5% |
| 1990 | 769.82 million SLC | +12.6% |
| 1991 | 859.5 million SLC | +11.6% |
| 1992 | 951.93 million SLC | +10.8% |
| 1993 | 983.2 million SLC | +3.3% |
| 1994 | 1,020 million SLC | +3.7% |
| 1995 | 1,064 million SLC | +4.4% |
| 1996 | 1,090 million SLC | +2.4% |
| 1997 | 1,063 million SLC | -2.5% |
| 1998 | 1,119 million SLC | +5.3% |
| 1999 | 1,151 million SLC | +2.9% |
| 2000 | 1,084 million SLC | -5.8% |
| 2001 | 1,019 million SLC | -6.0% |
| 2002 | 959.82 million SLC | -5.8% |
| 2003 | 955.67 million SLC | -0.4% |
| 2004 | 1,009 million SLC | +5.6% |
| 2005 | 1,057 million SLC | +4.8% |
| 2006 | 1,121 million SLC | +6.1% |
| 2007 | 1,524 million SLC | +35.9% |
| 2008 | 1,778 million SLC | +16.7% |
| 2009 | 1,975 million SLC | +11.0% |
| 2010 | 2,089 million SLC | +5.8% |
| 2011 | 2,200 million SLC | +5.3% |
| 2012 | 2,527 million SLC | +14.9% |
| 2013 | 3,040 million SLC | +20.3% |
| 2014 | 3,322 million SLC | +9.3% |
| 2015 | 3,487 million SLC | +5.0% |
| 2016 | 3,610 million SLC | +3.5% |
| 2017 | 3,804 million SLC | +5.4% |
| 2018 | 3,852 million SLC | +1.2% |
| 2019 | 3,945 million SLC | +2.4% |
| 2020 | 3,201 million SLC | -18.9% |
| 2021 | 3,509 million SLC | +9.6% |
| 2022 | 3,802 million SLC | +8.4% |
| 2023 | 3,903 million SLC | +2.7% |
Panama compared with similar countries
- Panama's 3,903 million SLC is below the median for high income countries, which is 31,737 million SLC, 12% of the median. (73 countries reporting)
- Panama's 3,903 million SLC is below the median for Latin America & Caribbean, which is 23,287 million SLC, 17% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 351 million SLC | 223.37 million SLC | 514.64 million SLC | 10 |
| 1980s | 769.16 million SLC | 624.66 million SLC | 991.94 million SLC | 10 |
| 1990s | 1,007 million SLC | 769.82 million SLC | 1,151 million SLC | 10 |
| 2000s | 1,248 million SLC | 955.67 million SLC | 1,975 million SLC | 10 |
| 2010s | 3,188 million SLC | 2,089 million SLC | 3,945 million SLC | 10 |
| 2020s | 3,603 million SLC | 3,201 million SLC | 3,903 million SLC | 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)
- 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 3,903 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Panama?
- The highest recorded value was 3,945 million SLC in 2019.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Panama?
- The lowest recorded value was 223.37 million SLC in 1970.
- How does Panama rank for value added (total manufacturing) — value standard local currency?
- Panama ranks 170th 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 up 28.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).