International tourism, expenditures in Panama
Panama: International tourism, expenditures was 3.4% in 2020. ▲ Rising
International tourism, expenditures in Panama, 1995–2020
Source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism. Measured in % of total imports.
Analysis
Panama recorded 3.4% for international tourism, expenditures in 2020.
That represents a change of down 42.4% on the previous year and up 28.0% over ten years.
Over the whole period, international tourism, expenditures in Panama peaked at 5.9% in 2019 and was at its lowest, 1.8%, in 2012.
That places Panama 99th out of 186 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
International tourism, expenditures in Panama, year by year
| Year | % of total imports | Change |
|---|---|---|
| 1995 | 2.3% | — |
| 1996 | 2.8% | +20.1% |
| 1997 | 2.8% | +0.5% |
| 1998 | 2.8% | -1.9% |
| 1999 | 3.3% | +20.8% |
| 2000 | 3.0% | -10.9% |
| 2001 | 2.9% | -1.8% |
| 2002 | 3.3% | +13.0% |
| 2003 | 3.5% | +7.0% |
| 2004 | 3.2% | -8.1% |
| 2005 | 3.6% | +11.5% |
| 2006 | 3.4% | -6.3% |
| 2007 | 2.9% | -13.9% |
| 2008 | 2.7% | -7.4% |
| 2009 | 2.9% | +6.0% |
| 2010 | 2.7% | -6.6% |
| 2011 | 2.3% | -15.2% |
| 2012 | 1.8% | -18.8% |
| 2013 | 3.4% | +85.5% |
| 2014 | 3.7% | +9.6% |
| 2015 | 4.6% | +24.5% |
| 2016 | 5.3% | +14.1% |
| 2017 | 4.2% | -20.8% |
| 2018 | 4.8% | +13.9% |
| 2019 | 5.9% | +24.1% |
| 2020 | 3.4% | -42.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.3% | 3.3% | 5 |
| 2000s | 3.1% | 2.7% | 3.6% | 10 |
| 2010s | 3.9% | 1.8% | 5.9% | 10 |
| 2020s | 3.4% | 3.4% | 3.4% | 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 3.4% 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 5.9% in 2019.
- What is the lowest international tourism, expenditures recorded in Panama?
- The lowest recorded value was 1.8% in 2012.
- How does Panama rank for international tourism, expenditures?
- Panama ranks 99th out of 186 countries with data for 2020.
- Is international tourism, expenditures rising or falling in Panama?
- Over the last ten years it is up 28.0%. The long-run trend across the full record is rising.
- 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 (% of total imports). 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. Their share in imports is calculated as a ratio to imports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services.