International tourism, expenditures for travel items (current US$) in Panama
Panama: International tourism, expenditures for travel items (current US$) was 465.00 million current US$ in 2020. ◆ Volatile
International tourism, expenditures for travel items in Panama, 1995–2020
Source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism. Measured in current US$.
Analysis
The most recent figure for international tourism, expenditures for travel items in Panama is 465.00 million current US$, measured in 2020.
That represents a change of down 67.1% on the previous year and up 16.8% over ten years.
Over the whole period, international tourism, expenditures for travel items in Panama peaked at 1.41 billion current US$ in 2019 and was at its lowest, 121.00 million current US$, in 1995.
Panama ranks 80th of 191 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
International tourism, expenditures for travel items (current US$) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 121.00 million current US$ | — |
| 1996 | 140.00 million current US$ | +15.7% |
| 1997 | 165.00 million current US$ | +17.9% |
| 1998 | 181.00 million current US$ | +9.7% |
| 1999 | 190.00 million current US$ | +5.0% |
| 2000 | 188.00 million current US$ | -1.1% |
| 2001 | 174.00 million current US$ | -7.4% |
| 2002 | 179.00 million current US$ | +2.9% |
| 2003 | 208.00 million current US$ | +16.2% |
| 2004 | 239.00 million current US$ | +14.9% |
| 2005 | 271.00 million current US$ | +13.4% |
| 2006 | 271.00 million current US$ | +0.0% |
| 2007 | 307.00 million current US$ | +13.3% |
| 2008 | 366.00 million current US$ | +19.2% |
| 2009 | 338.00 million current US$ | -7.7% |
| 2010 | 398.00 million current US$ | +17.8% |
| 2011 | 505.00 million current US$ | +26.9% |
| 2012 | 415.00 million current US$ | -17.8% |
| 2013 | 862.00 million current US$ | +107.7% |
| 2014 | 942.00 million current US$ | +9.3% |
| 2015 | 1.05 billion current US$ | +12.0% |
| 2016 | 1.14 billion current US$ | +8.4% |
| 2017 | 921.00 million current US$ | -19.5% |
| 2018 | 1.18 billion current US$ | +28.6% |
| 2019 | 1.41 billion current US$ | +19.3% |
| 2020 | 465.00 million current US$ | -67.1% |
Panama compared with similar countries
- Panama's 465.00 million current US$ is below the median for high income countries, which is 1.16 billion current US$, 40% of the median. (69 countries reporting)
- Panama's 465.00 million current US$ is above the median for Latin America & Caribbean, which is 142.00 million current US$, 3.3× the median. (37 countries reporting)
Biggest year-on-year movements
Years where International tourism, expenditures for travel items (current US$) 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 |
|---|---|---|---|
| 2013 | +107.7% | 415.00 million current US$ | 862.00 million current US$ |
| 2020 | -67.1% | 1.41 billion current US$ | 465.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 159.40 million current US$ | 121.00 million current US$ | 190.00 million current US$ | 5 |
| 2000s | 254.10 million current US$ | 174.00 million current US$ | 366.00 million current US$ | 10 |
| 2010s | 883.80 million current US$ | 398.00 million current US$ | 1.41 billion current US$ | 10 |
| 2020s | 465.00 million current US$ | 465.00 million current US$ | 465.00 million current US$ | 1 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 19.0% (2025)
- Manufactures imports 60.7% (2025)
- Merchandise imports 25.76 billion current US$ (2025)
- Commercial service imports 5.82 billion current US$ (2025)
- Food exports 49.6% (2025)
- Manufactures exports 12.6% (2025)
- Merchandise exports 11.90 billion current US$ (2025)
- Commercial service exports 20.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
Frequently asked questions
- What is international tourism, expenditures for travel items in Panama?
- International tourism, expenditures for travel items in Panama was 465.00 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 for travel items recorded in Panama?
- The highest recorded value was 1.41 billion current US$ in 2019.
- What is the lowest international tourism, expenditures for travel items recorded in Panama?
- The lowest recorded value was 121.00 million current US$ in 1995.
- How does Panama rank for international tourism, expenditures for travel items?
- Panama ranks 80th out of 191 countries with data for 2020.
- Is international tourism, expenditures for travel items rising or falling in Panama?
- Over the last ten years it is up 16.8%. 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 for travel items (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. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These may include expenditures by residents traveling abroad as same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.