What was Panama's Exports of goods and services (% of GDP) in 2024?

In 2024, Panama's Exports of goods and services (% of GDP) was 44.36, according to World Bank Open Data.

Is Panama's Exports of goods and services (% of GDP) rising or falling?

Panama's Exports of goods and services (% of GDP) fell 2.8% from 2023 to 2024.

How does Panama rank globally on Exports of goods and services (% of GDP)?

In 2024, Panama ranked #57 out of 160 countries reporting Exports of goods and services (% of GDP).

How does Panama's Exports of goods and services (% of GDP) compare to the world average?

The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Panama is above the world average. Within Latin America & Caribbean, it ranks #4 of 24.

Panama: Exports of goods and services (% of GDP)

Name: Panama: Exports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Panama's Exports of goods and services (% of GDP) was 44.36.

That's down 2.8% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 44.26 . Panama ranks #57 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #4 of 24.

Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 78.30; 2008
Trough: 36.27; 2020
1-year change: -2.8%
5-year change: +10.3%; +2.0% / yr
10-year change: -19.2%; -2.1% / yr

Historical Data — Last 10 Years

Year	Exports of goods and services (% of GDP)
2024	44.3578
2023	45.6292
2022	48.0266
2021	41.6067
2020	36.2691
2019	40.2142
2018	42.3471
2017	41.4710
2016	41.7408
2015	47.3866

About Exports of goods and services (% of GDP)

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.EXP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Panama's Exports of goods and services (% of GDP) in 2024?: In 2024, Panama's Exports of goods and services (% of GDP) was 44.36, according to World Bank Open Data.
Is Panama's Exports of goods and services (% of GDP) rising or falling?: Panama's Exports of goods and services (% of GDP) fell 2.8% from 2023 to 2024.
How does Panama rank globally on Exports of goods and services (% of GDP)?: In 2024, Panama ranked #57 out of 160 countries reporting Exports of goods and services (% of GDP).
How does Panama's Exports of goods and services (% of GDP) compare to the world average?: The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Panama is above the world average. Within Latin America & Caribbean, it ranks #4 of 24.
What is Exports of goods and services (% of GDP) and how is it measured?: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.