Volume of remittances (in United States dollars) as a proportion of in Panama
Panama: Volume of remittances (in United States dollars) as a proportion of was 0.6% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Panama is 0.6%, measured in 2024.
That represents a change of down 0.1% on the previous year and down 58.2% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Panama peaked at 1.6% in 2007 and was at its lowest, 0.1%, in 2000.
That places Panama 152nd out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.1% | — |
| 2001 | 0.6% | +335.3% |
| 2002 | 0.7% | +10.8% |
| 2003 | 0.8% | +18.8% |
| 2004 | 0.7% | -8.1% |
| 2005 | 0.8% | +8.1% |
| 2006 | 1.6% | +106.6% |
| 2007 | 1.6% | +1.6% |
| 2008 | 1.5% | -10.2% |
| 2009 | 1.2% | -17.5% |
| 2010 | 1.4% | +11.8% |
| 2011 | 1.0% | -23.9% |
| 2012 | 1.0% | -4.3% |
| 2013 | 1.0% | -0.5% |
| 2014 | 1.5% | +49.7% |
| 2015 | 1.0% | -32.4% |
| 2016 | 0.8% | -15.4% |
| 2017 | 0.8% | -1.4% |
| 2018 | 0.8% | -3.6% |
| 2019 | 0.8% | +4.2% |
| 2020 | 0.7% | -18.6% |
| 2021 | 0.8% | +24.1% |
| 2022 | 0.7% | -18.1% |
| 2023 | 0.6% | -10.6% |
| 2024 | 0.6% | -0.1% |
Panama compared with similar countries
- Panama's 0.6% is below the median for high income countries, which is 0.7%, 83% of the median. (66 countries reporting)
- Panama's 0.6% is below the median for Latin America & Caribbean, which is 2.8%, 22% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of 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 |
|---|---|---|---|
| 2001 | +335.3% | 0.1% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.0% | 0.1% | 1.6% | 10 |
| 2010s | 1.0% | 0.8% | 1.5% | 10 |
| 2020s | 0.7% | 0.6% | 0.8% | 5 |
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 volume of remittances (in united states dollars) as a proportion of in Panama?
- Volume of remittances (in united states dollars) as a proportion of in Panama was 0.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Panama?
- The highest recorded value was 1.6% in 2007.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Panama?
- The lowest recorded value was 0.1% in 2000.
- How does Panama rank for volume of remittances (in united states dollars) as a proportion of?
- Panama ranks 152nd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Panama?
- Over the last ten years it is down 58.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).