Panama: Merchandise exports to high-income economies (% of total merchandise exports)
In , Panama's Merchandise exports to high-income economies (% of total merchandise exports) was 47.84.
That's down 8.0% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Panama ranks #145 globally out of 205 reporting countries. Within Latin America & Caribbean, it ranks #27 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 78.76
- Trough
- 47.84
- 1-year change
- -8.0%
- 5-year change
- -20.0%
- -4.4% / yr
- 10-year change
- -27.4%
- -3.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 47.8448 | |
| 52.0013 | |
| 53.3880 | |
| 54.1845 | |
| 60.6861 | |
| 59.7883 | |
| 60.1501 | |
| 63.8805 | |
| 60.1253 | |
| 60.4244 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Panama's Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Panama's Merchandise exports to high-income economies (% of total merchandise exports) was 47.84, according to World Bank Open Data.
- Is Panama's Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Panama's Merchandise exports to high-income economies (% of total merchandise exports) fell 8.0% from 2022 to 2023.
- How does Panama rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Panama ranked #145 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Panama's Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Panama is below the world average. Within Latin America & Caribbean, it ranks #27 of 36.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.