Commercial service exports in Panama
Panama: Commercial service exports was 20.06 billion current US$ in 2025. ◆ Volatile
Commercial service exports in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2025, commercial service exports in Panama stood at 20.06 billion current US$. That is the highest value across all 49 years on record.
The figure is up 9.9% on the previous year and up 70.6% over ten years.
Over the whole period, commercial service exports in Panama peaked at 20.06 billion current US$ in 2025 and was at its lowest, 383.00 million current US$, in 1977.
Panama ranks 50th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 383.00 million current US$ | — |
| 1978 | 422.20 million current US$ | +10.2% |
| 1979 | 520.00 million current US$ | +23.2% |
| 1980 | 779.60 million current US$ | +49.9% |
| 1981 | 793.50 million current US$ | +1.8% |
| 1982 | 847.20 million current US$ | +6.8% |
| 1983 | 976.40 million current US$ | +15.3% |
| 1984 | 912.50 million current US$ | -6.5% |
| 1985 | 1.01 billion current US$ | +10.5% |
| 1986 | 994.30 million current US$ | -1.4% |
| 1987 | 993.90 million current US$ | -0.0% |
| 1988 | 904.40 million current US$ | -9.0% |
| 1989 | 828.60 million current US$ | -8.4% |
| 1990 | 907.50 million current US$ | +9.5% |
| 1991 | 1.02 billion current US$ | +12.5% |
| 1992 | 1.03 billion current US$ | +0.9% |
| 1993 | 1.07 billion current US$ | +4.1% |
| 1994 | 1.17 billion current US$ | +9.5% |
| 1995 | 1.30 billion current US$ | +10.7% |
| 1996 | 1.39 billion current US$ | +7.1% |
| 1997 | 1.52 billion current US$ | +9.6% |
| 1998 | 1.77 billion current US$ | +15.8% |
| 1999 | 1.76 billion current US$ | -0.6% |
| 2000 | 1.98 billion current US$ | +12.6% |
| 2001 | 1.96 billion current US$ | -0.6% |
| 2002 | 2.25 billion current US$ | +14.4% |
| 2003 | 2.51 billion current US$ | +11.6% |
| 2004 | 2.76 billion current US$ | +10.1% |
| 2005 | 3.20 billion current US$ | +15.7% |
| 2006 | 3.96 billion current US$ | +23.9% |
| 2007 | 5.04 billion current US$ | +27.3% |
| 2008 | 5.88 billion current US$ | +16.7% |
| 2009 | 5.92 billion current US$ | +0.6% |
| 2010 | 6.77 billion current US$ | +14.5% |
| 2011 | 8.56 billion current US$ | +26.4% |
| 2012 | 9.87 billion current US$ | +15.3% |
| 2013 | 10.67 billion current US$ | +8.2% |
| 2014 | 11.34 billion current US$ | +6.2% |
| 2015 | 11.76 billion current US$ | +3.7% |
| 2016 | 12.16 billion current US$ | +3.4% |
| 2017 | 13.21 billion current US$ | +8.6% |
| 2018 | 13.43 billion current US$ | +1.7% |
| 2019 | 13.64 billion current US$ | +1.6% |
| 2020 | 8.14 billion current US$ | -40.3% |
| 2021 | 10.61 billion current US$ | +30.3% |
| 2022 | 15.07 billion current US$ | +42.1% |
| 2023 | 17.63 billion current US$ | +17.0% |
| 2024 | 18.25 billion current US$ | +3.5% |
| 2025 | 20.06 billion current US$ | +9.9% |
Panama compared with similar countries
- Panama's 20.06 billion current US$ is below the median for high income countries, which is 24.20 billion current US$, 83% of the median. (72 countries reporting)
- Panama's 20.06 billion current US$ is above the median for Latin America & Caribbean, which is 2.96 billion current US$, 6.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 441.73 million current US$ | 383.00 million current US$ | 520.00 million current US$ | 3 |
| 1980s | 903.91 million current US$ | 779.60 million current US$ | 1.01 billion current US$ | 10 |
| 1990s | 1.29 billion current US$ | 907.50 million current US$ | 1.77 billion current US$ | 10 |
| 2000s | 3.54 billion current US$ | 1.96 billion current US$ | 5.92 billion current US$ | 10 |
| 2010s | 11.14 billion current US$ | 6.77 billion current US$ | 13.64 billion current US$ | 10 |
| 2020s | 14.96 billion current US$ | 8.14 billion current US$ | 20.06 billion current US$ | 6 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 18.7% (2024)
- Manufactures imports 60.2% (2024)
- Merchandise imports 25.76 billion current US$ (2025)
- Food exports 73.6% (2024)
- Manufactures exports 10.9% (2024)
- Merchandise exports 11.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1316 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Panama?
- Commercial service exports in Panama was 20.06 billion current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Panama?
- The highest recorded value was 20.06 billion current US$ in 2025.
- What is the lowest commercial service exports recorded in Panama?
- The lowest recorded value was 383.00 million current US$ in 1977.
- How does Panama rank for commercial service exports?
- Panama ranks 50th out of 200 countries with data for 2025.
- Is commercial service exports rising or falling in Panama?
- Over the last ten years it is up 70.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.