Value Added (Total Manufacturing) — Value US$ in Panama
Panama: Value Added (Total Manufacturing) — Value US$ was 3,903 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ 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$ in Panama stood at 3,903 million USD.
That represents a change of up 2.7% on the previous year and up 28.4% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Panama peaked at 3,945 million USD in 2019 and was at its lowest, 223.37 million USD, in 1970.
That places Panama 113th out of 236 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 US$ in Panama, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 223.37 million USD | — |
| 1971 | 238.46 million USD | +6.8% |
| 1972 | 247.41 million USD | +3.8% |
| 1973 | 282.5 million USD | +14.2% |
| 1974 | 354.44 million USD | +25.5% |
| 1975 | 414.1 million USD | +16.8% |
| 1976 | 381.29 million USD | -7.9% |
| 1977 | 410.59 million USD | +7.7% |
| 1978 | 443.23 million USD | +7.9% |
| 1979 | 514.64 million USD | +16.1% |
| 1980 | 624.66 million USD | +21.4% |
| 1981 | 629.87 million USD | +0.8% |
| 1982 | 663.75 million USD | +5.4% |
| 1983 | 746.52 million USD | +12.5% |
| 1984 | 810.14 million USD | +8.5% |
| 1985 | 991.94 million USD | +22.4% |
| 1986 | 942.27 million USD | -5.0% |
| 1987 | 904.41 million USD | -4.0% |
| 1988 | 694.4 million USD | -23.2% |
| 1989 | 683.67 million USD | -1.5% |
| 1990 | 769.82 million USD | +12.6% |
| 1991 | 859.5 million USD | +11.6% |
| 1992 | 951.93 million USD | +10.8% |
| 1993 | 983.2 million USD | +3.3% |
| 1994 | 1,020 million USD | +3.7% |
| 1995 | 1,064 million USD | +4.4% |
| 1996 | 1,090 million USD | +2.4% |
| 1997 | 1,063 million USD | -2.5% |
| 1998 | 1,119 million USD | +5.3% |
| 1999 | 1,151 million USD | +2.9% |
| 2000 | 1,084 million USD | -5.8% |
| 2001 | 1,019 million USD | -6.0% |
| 2002 | 959.82 million USD | -5.8% |
| 2003 | 955.67 million USD | -0.4% |
| 2004 | 1,009 million USD | +5.6% |
| 2005 | 1,057 million USD | +4.8% |
| 2006 | 1,121 million USD | +6.1% |
| 2007 | 1,524 million USD | +35.9% |
| 2008 | 1,778 million USD | +16.7% |
| 2009 | 1,975 million USD | +11.0% |
| 2010 | 2,089 million USD | +5.8% |
| 2011 | 2,200 million USD | +5.3% |
| 2012 | 2,527 million USD | +14.9% |
| 2013 | 3,040 million USD | +20.3% |
| 2014 | 3,322 million USD | +9.3% |
| 2015 | 3,487 million USD | +5.0% |
| 2016 | 3,610 million USD | +3.5% |
| 2017 | 3,804 million USD | +5.4% |
| 2018 | 3,852 million USD | +1.2% |
| 2019 | 3,945 million USD | +2.4% |
| 2020 | 3,201 million USD | -18.9% |
| 2021 | 3,509 million USD | +9.6% |
| 2022 | 3,802 million USD | +8.4% |
| 2023 | 3,903 million USD | +2.7% |
Panama compared with similar countries
- Panama's 3,903 million USD is below the median for high income countries, which is 11,780 million USD, 33% of the median. (73 countries reporting)
- Panama's 3,903 million USD is above the median for Latin America & Caribbean, which is 3,043 million USD, 1.3× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 351 million USD | 223.37 million USD | 514.64 million USD | 10 |
| 1980s | 769.16 million USD | 624.66 million USD | 991.94 million USD | 10 |
| 1990s | 1,007 million USD | 769.82 million USD | 1,151 million USD | 10 |
| 2000s | 1,248 million USD | 955.67 million USD | 1,975 million USD | 10 |
| 2010s | 3,188 million USD | 2,089 million USD | 3,945 million USD | 10 |
| 2020s | 3,603 million USD | 3,201 million USD | 3,903 million USD | 4 |
Countries ranked near Panama
- 110 Bolivia (Plurinational State of) 4,597 million USD compare
- 111 Senegal 4,482 million USD compare
- 112 Azerbaijan 4,181 million USD compare
- 114 Bosnia and Herzegovina 3,665 million USD compare
- 115 Trinidad and Tobago 3,633 million USD compare
- 116 China, Hong Kong SAR 3,622 million USD 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Panama?
- Value added (total manufacturing) — value us$ in Panama was 3,903 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Panama?
- The highest recorded value was 3,945 million USD in 2019.
- What is the lowest value added (total manufacturing) — value us$ recorded in Panama?
- The lowest recorded value was 223.37 million USD in 1970.
- How does Panama rank for value added (total manufacturing) — value us$?
- Panama ranks 113th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ 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 US$. 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).