Value of imported goods and services in Panama
Panama: Value of imported goods and services was 34.32 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
34.32 billion constant 2015 US$
Change on year
down 2.6%
World rank
68th
of 170 countries
All-time high
35.24 billion constant 2015 US$
in 2023
All-time low
9.69 billion constant 2015 US$
in 1996
Years of data
29
1996–2024
Value of imported goods and services in Panama, 1996–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in constant 2015 US$.
Analysis
Panama recorded 34.32 billion constant 2015 US$ for value of imported goods and services in 2024.
Compared with earlier readings it is down 2.6% on the previous year and up 23.8% over ten years.
Over the whole period, value of imported goods and services in Panama peaked at 35.24 billion constant 2015 US$ in 2023 and was at its lowest, 9.69 billion constant 2015 US$, in 1996.
Panama ranks 68th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Value of imported goods and services in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1996 | 9.69 billion constant 2015 US$ | — |
| 1997 | 10.48 billion constant 2015 US$ | +8.2% |
| 1998 | 11.48 billion constant 2015 US$ | +9.5% |
| 1999 | 9.95 billion constant 2015 US$ | -13.3% |
| 2000 | 11.22 billion constant 2015 US$ | +12.8% |
| 2001 | 10.86 billion constant 2015 US$ | -3.2% |
| 2002 | 10.95 billion constant 2015 US$ | +0.8% |
| 2003 | 10.58 billion constant 2015 US$ | -3.4% |
| 2004 | 12.07 billion constant 2015 US$ | +14.1% |
| 2005 | 13.82 billion constant 2015 US$ | +14.5% |
| 2006 | 15.21 billion constant 2015 US$ | +10.1% |
| 2007 | 18.00 billion constant 2015 US$ | +18.3% |
| 2008 | 22.15 billion constant 2015 US$ | +23.0% |
| 2009 | 19.62 billion constant 2015 US$ | -11.4% |
| 2010 | 23.27 billion constant 2015 US$ | +18.6% |
| 2011 | 26.86 billion constant 2015 US$ | +15.4% |
| 2012 | 29.67 billion constant 2015 US$ | +10.4% |
| 2013 | 29.10 billion constant 2015 US$ | -1.9% |
| 2014 | 27.73 billion constant 2015 US$ | -4.7% |
| 2015 | 27.43 billion constant 2015 US$ | -1.1% |
| 2016 | 25.91 billion constant 2015 US$ | -5.5% |
| 2017 | 26.91 billion constant 2015 US$ | +3.9% |
| 2018 | 28.05 billion constant 2015 US$ | +4.2% |
| 2019 | 27.53 billion constant 2015 US$ | -1.8% |
| 2020 | 20.24 billion constant 2015 US$ | -26.5% |
| 2021 | 26.62 billion constant 2015 US$ | +31.5% |
| 2022 | 33.02 billion constant 2015 US$ | +24.0% |
| 2023 | 35.24 billion constant 2015 US$ | +6.7% |
| 2024 | 34.32 billion constant 2015 US$ | -2.6% |
Panama compared with similar countries
- Panama's 34.32 billion constant 2015 US$ is below the median for high income countries, which is 97.94 billion constant 2015 US$, 35% of the median. (63 countries reporting)
- Panama's 34.32 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 19.72 billion constant 2015 US$, 1.7× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.40 billion constant 2015 US$ | 9.69 billion constant 2015 US$ | 11.48 billion constant 2015 US$ | 4 |
| 2000s | 14.45 billion constant 2015 US$ | 10.58 billion constant 2015 US$ | 22.15 billion constant 2015 US$ | 10 |
| 2010s | 27.25 billion constant 2015 US$ | 23.27 billion constant 2015 US$ | 29.67 billion constant 2015 US$ | 10 |
| 2020s | 29.89 billion constant 2015 US$ | 20.24 billion constant 2015 US$ | 35.24 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 65 Oman 42.32 billion constant 2015 US$ compare
- 66 Belarus 42.11 billion constant 2015 US$ compare
- 67 Uzbekistan 38.73 billion constant 2015 US$ compare
- 69 Cyprus 33.27 billion constant 2015 US$ compare
- 70 Bahrain 30.94 billion constant 2015 US$ compare
- 71 Guatemala 30.81 billion constant 2015 US$ 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is value of imported goods and services in Panama?
- Value of imported goods and services in Panama was 34.32 billion constant 2015 US$ in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest value of imported goods and services recorded in Panama?
- The highest recorded value was 35.24 billion constant 2015 US$ in 2023.
- What is the lowest value of imported goods and services recorded in Panama?
- The lowest recorded value was 9.69 billion constant 2015 US$ in 1996.
- How does Panama rank for value of imported goods and services?
- Panama ranks 68th out of 170 countries with data for 2024.
- Is value of imported goods and services rising or falling in Panama?
- Over the last ten years it is up 23.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Value of imported goods and services. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Value of imported goods and market services received from the rest of the world. This data is expressed in US dollars, adjusted for inflation.