Merchandise exports by the reporting economy, residual in Panama
Panama: Merchandise exports by the reporting economy, residual was 0.2% in 2023. ◆ Volatile
Merchandise exports by the reporting economy, residual in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports by the reporting economy, residual in Panama is 0.2%, measured in 2023.
The figure is up 13.0% on the previous year and down 56.4% over ten years.
Over the whole period, merchandise exports by the reporting economy, residual in Panama peaked at 7.0% in 1995 and was at its lowest, 0.0%, in 1961.
Panama ranks 10th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy, residual in Panama, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 0.5% | — |
| 1961 | 0.0% | -100.0% |
| 1962 | 0.0% | — |
| 1963 | 0.0% | — |
| 1964 | 0.2% | — |
| 1965 | 0.3% | +77.0% |
| 1966 | 0.4% | +30.2% |
| 1967 | 0.1% | -68.9% |
| 1968 | 0.0% | -100.0% |
| 1969 | 0.0% | — |
| 1970 | 0.0% | -100.0% |
| 1971 | 0.0% | — |
| 1972 | 0.2% | +1003.3% |
| 1973 | 0.3% | +40.8% |
| 1974 | 0.1% | -48.3% |
| 1975 | 0.4% | +206.2% |
| 1976 | 0.7% | +76.6% |
| 1977 | 1.3% | +74.8% |
| 1978 | 1.5% | +12.2% |
| 1979 | 1.5% | +5.0% |
| 1980 | 1.8% | +14.7% |
| 1981 | 2.9% | +65.6% |
| 1982 | 5.5% | +87.5% |
| 1983 | 0.5% | -91.7% |
| 1984 | 0.5% | +6.4% |
| 1985 | 0.9% | +86.7% |
| 1986 | 1.1% | +19.1% |
| 1987 | 0.4% | -67.0% |
| 1988 | 0.5% | +29.6% |
| 1989 | 0.4% | -23.2% |
| 1990 | 0.5% | +43.3% |
| 1991 | 0.9% | +79.3% |
| 1992 | 0.9% | -3.2% |
| 1993 | 0.4% | -50.0% |
| 1994 | 0.4% | -8.7% |
| 1995 | 7.0% | +1659.8% |
| 1996 | 3.6% | -48.7% |
| 1997 | 0.4% | -88.5% |
| 1998 | 0.3% | -22.3% |
| 1999 | 0.5% | +60.0% |
| 2000 | 0.6% | +11.7% |
| 2001 | 2.3% | +305.7% |
| 2002 | 1.2% | -48.8% |
| 2003 | 0.3% | -74.9% |
| 2004 | 0.3% | -16.2% |
| 2005 | 0.1% | -45.5% |
| 2006 | 0.1% | -6.6% |
| 2007 | 0.3% | +154.9% |
| 2008 | 0.2% | -30.9% |
| 2009 | 0.3% | +30.6% |
| 2010 | 0.1% | -66.8% |
| 2011 | 0.2% | +104.3% |
| 2012 | 0.6% | +206.1% |
| 2013 | 0.5% | -19.7% |
| 2014 | 0.5% | +10.6% |
| 2015 | 0.1% | -75.4% |
| 2016 | 0.1% | -21.4% |
| 2017 | 0.2% | +61.8% |
| 2018 | 0.1% | -30.9% |
| 2019 | 0.2% | +32.3% |
| 2020 | 0.1% | -5.4% |
| 2021 | 0.1% | -22.4% |
| 2022 | 0.2% | +66.2% |
| 2023 | 0.2% | +13.0% |
Panama compared with similar countries
- Panama's 0.2% is above the median for high income countries, which is 0.0%, 110.0× the median. (74 countries reporting)
- Panama's 0.2% is above the median for Latin America & Caribbean, which is 0.1%, 3.4× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy, residual 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 |
|---|---|---|---|
| 1995 | +1659.8% | 0.4% | 7.0% |
| 1972 | +1003.3% | 0.0% | 0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.2% | 0.0% | 0.5% | 10 |
| 1970s | 0.6% | 0.0% | 1.5% | 10 |
| 1980s | 1.4% | 0.4% | 5.5% | 10 |
| 1990s | 1.5% | 0.3% | 7.0% | 10 |
| 2000s | 0.6% | 0.1% | 2.3% | 10 |
| 2010s | 0.3% | 0.1% | 0.6% | 10 |
| 2020s | 0.2% | 0.1% | 0.2% | 4 |
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 merchandise exports by the reporting economy, residual in Panama?
- Merchandise exports by the reporting economy, residual in Panama was 0.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy, residual recorded in Panama?
- The highest recorded value was 7.0% in 1995.
- What is the lowest merchandise exports by the reporting economy, residual recorded in Panama?
- The lowest recorded value was 0.0% in 1961.
- How does Panama rank for merchandise exports by the reporting economy, residual?
- Panama ranks 10th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy, residual rising or falling in Panama?
- Over the last ten years it is down 56.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy, residual (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.