International tourism, expenditures (current US$) in Panama
Panama: International tourism, expenditures was 601.00 million current US$ in 2020. ◆ Volatile
International tourism, expenditures in Panama, 1995–2020
Source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism. Measured in current US$.
Analysis
Panama recorded 601.00 million current US$ for international tourism, expenditures in 2020.
That represents a change of down 63.0% on the previous year and up 4.5% over ten years.
Over the whole period, international tourism, expenditures in Panama peaked at 1.62 billion current US$ in 2019 and was at its lowest, 181.00 million current US$, in 1995.
Panama ranks 85th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
International tourism, expenditures in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 181.00 million current US$ | — |
| 1996 | 210.00 million current US$ | +16.0% |
| 1997 | 243.00 million current US$ | +15.7% |
| 1998 | 245.00 million current US$ | +0.8% |
| 1999 | 259.00 million current US$ | +5.7% |
| 2000 | 241.00 million current US$ | -6.9% |
| 2001 | 227.00 million current US$ | -5.8% |
| 2002 | 252.00 million current US$ | +11.0% |
| 2003 | 267.00 million current US$ | +6.0% |
| 2004 | 294.00 million current US$ | +10.1% |
| 2005 | 388.00 million current US$ | +32.0% |
| 2006 | 403.00 million current US$ | +3.9% |
| 2007 | 457.00 million current US$ | +13.4% |
| 2008 | 560.00 million current US$ | +22.5% |
| 2009 | 503.00 million current US$ | -10.2% |
| 2010 | 575.00 million current US$ | +14.3% |
| 2011 | 679.00 million current US$ | +18.1% |
| 2012 | 591.00 million current US$ | -13.0% |
| 2013 | 1.08 billion current US$ | +82.4% |
| 2014 | 1.15 billion current US$ | +6.4% |
| 2015 | 1.27 billion current US$ | +10.9% |
| 2016 | 1.35 billion current US$ | +6.2% |
| 2017 | 1.13 billion current US$ | -16.2% |
| 2018 | 1.40 billion current US$ | +23.2% |
| 2019 | 1.62 billion current US$ | +16.3% |
| 2020 | 601.00 million current US$ | -63.0% |
Panama compared with similar countries
- Panama's 601.00 million current US$ is below the median for high income countries, which is 1.33 billion current US$, 45% of the median. (68 countries reporting)
- Panama's 601.00 million current US$ is above the median for Latin America & Caribbean, which is 291.00 million current US$, 2.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where International tourism, expenditures in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -63.0% | 1.62 billion current US$ | 601.00 million current US$ |
| 2013 | +82.4% | 591.00 million current US$ | 1.08 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 227.60 million current US$ | 181.00 million current US$ | 259.00 million current US$ | 5 |
| 2000s | 359.20 million current US$ | 227.00 million current US$ | 560.00 million current US$ | 10 |
| 2010s | 1.08 billion current US$ | 575.00 million current US$ | 1.62 billion current US$ | 10 |
| 2020s | 601.00 million current US$ | 601.00 million current US$ | 601.00 million current US$ | 1 |
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$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is international tourism, expenditures in Panama?
- International tourism, expenditures in Panama was 601.00 million current US$ in 2020, according to Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism.
- What is the highest international tourism, expenditures recorded in Panama?
- The highest recorded value was 1.62 billion current US$ in 2019.
- What is the lowest international tourism, expenditures recorded in Panama?
- The lowest recorded value was 181.00 million current US$ in 1995.
- How does Panama rank for international tourism, expenditures?
- Panama ranks 85th out of 192 countries with data for 2020.
- Is international tourism, expenditures rising or falling in Panama?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism, published as part of International tourism, expenditures (current US$). Statizoid updates them automatically from the source API.
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About this data
International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Data are in current U.S. dollars.