Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Panama
Panama: Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) was 3,432 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Panama, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$, 2015 prices in Panama stood at 3,432 million USD.
The figure is up 2.0% on the previous year and up 5.6% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Panama peaked at 3,675 million USD in 2018 and was at its lowest, 1,239 million USD, in 1970.
Panama ranks 112th of 236 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Panama, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,239 million USD | — |
| 1971 | 1,318 million USD | +6.4% |
| 1972 | 1,379 million USD | +4.6% |
| 1973 | 1,465 million USD | +6.3% |
| 1974 | 1,485 million USD | +1.3% |
| 1975 | 1,431 million USD | -3.6% |
| 1976 | 1,467 million USD | +2.5% |
| 1977 | 1,485 million USD | +1.2% |
| 1978 | 1,508 million USD | +1.6% |
| 1979 | 1,675 million USD | +11.0% |
| 1980 | 1,773 million USD | +5.9% |
| 1981 | 1,728 million USD | -2.5% |
| 1982 | 1,790 million USD | +3.6% |
| 1983 | 1,752 million USD | -2.1% |
| 1984 | 1,871 million USD | +6.8% |
| 1985 | 1,976 million USD | +5.6% |
| 1986 | 1,990 million USD | +0.7% |
| 1987 | 2,127 million USD | +6.9% |
| 1988 | 1,649 million USD | -22.5% |
| 1989 | 1,670 million USD | +1.3% |
| 1990 | 1,901 million USD | +13.8% |
| 1991 | 2,100 million USD | +10.5% |
| 1992 | 2,292 million USD | +9.2% |
| 1993 | 2,437 million USD | +6.3% |
| 1994 | 2,541 million USD | +4.3% |
| 1995 | 2,546 million USD | +0.2% |
| 1996 | 2,514 million USD | -1.3% |
| 1997 | 2,596 million USD | +3.3% |
| 1998 | 2,654 million USD | +2.2% |
| 1999 | 2,682 million USD | +1.1% |
| 2000 | 2,490 million USD | -7.2% |
| 2001 | 2,333 million USD | -6.3% |
| 2002 | 2,272 million USD | -2.6% |
| 2003 | 2,195 million USD | -3.4% |
| 2004 | 2,241 million USD | +2.1% |
| 2005 | 2,335 million USD | +4.2% |
| 2006 | 2,425 million USD | +3.9% |
| 2007 | 2,562 million USD | +5.6% |
| 2008 | 2,657 million USD | +3.7% |
| 2009 | 2,620 million USD | -1.4% |
| 2010 | 2,732 million USD | +4.3% |
| 2011 | 2,888 million USD | +5.7% |
| 2012 | 3,126 million USD | +8.2% |
| 2013 | 3,250 million USD | +4.0% |
| 2014 | 3,368 million USD | +3.6% |
| 2015 | 3,487 million USD | +3.5% |
| 2016 | 3,530 million USD | +1.2% |
| 2017 | 3,625 million USD | +2.7% |
| 2018 | 3,675 million USD | +1.4% |
| 2019 | 3,624 million USD | -1.4% |
| 2020 | 2,874 million USD | -20.7% |
| 2021 | 3,200 million USD | +11.4% |
| 2022 | 3,364 million USD | +5.1% |
| 2023 | 3,432 million USD | +2.0% |
Panama compared with similar countries
- Panama's 3,432 million USD is below the median for high income countries, which is 9,626 million USD, 36% of the median. (73 countries reporting)
- Panama's 3,432 million USD is above the median for Latin America & Caribbean, which is 2,333 million USD, 1.5× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,445 million USD | 1,239 million USD | 1,675 million USD | 10 |
| 1980s | 1,833 million USD | 1,649 million USD | 2,127 million USD | 10 |
| 1990s | 2,426 million USD | 1,901 million USD | 2,682 million USD | 10 |
| 2000s | 2,413 million USD | 2,195 million USD | 2,657 million USD | 10 |
| 2010s | 3,331 million USD | 2,732 million USD | 3,675 million USD | 10 |
| 2020s | 3,218 million USD | 2,874 million USD | 3,432 million USD | 4 |
Countries ranked near Panama
- 109 China, Hong Kong SAR 3,619 million USD compare
- 110 Estonia 3,572 million USD compare
- 111 Latvia 3,542 million USD compare
- 113 Mali 3,291 million USD compare
- 114 Luxembourg 3,182 million USD compare
- 115 Trinidad and Tobago 3,048 million USD compare
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Panama?
- Value added (total manufacturing) — value us$, 2015 prices in Panama was 3,432 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Panama?
- The highest recorded value was 3,675 million USD in 2018.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Panama?
- The lowest recorded value was 1,239 million USD in 1970.
- How does Panama rank for value added (total manufacturing) — value us$, 2015 prices?
- Panama ranks 112th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Panama?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).