Merchandise imports by the reporting economy (current US$) … unit in Panama
Panama: Merchandise imports by the reporting economy (current US$) … unit was 0.1237 current US$ per US$ of GDP in 2023. ▼ Falling
Merchandise imports by the reporting economy (current US$), per unit in Panama, 1960–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Panama recorded 0.1237 current US$ per US$ of GDP for merchandise imports by the reporting economy (current us$), per unit in 2023.
The figure is down 15.4% on the previous year and down 37.1% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), per unit in Panama peaked at 0.329 current US$ per US$ of GDP in 1974 and was at its lowest, 0.1139 current US$ per US$ of GDP, in 2020.
Panama ranks 191st of 202 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise imports by the reporting economy (current US$) … unit in Panama, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.1757 current US$ per US$ of GDP | — |
| 1961 | 0.1763 current US$ per US$ of GDP | +0.3% |
| 1962 | 0.2002 current US$ per US$ of GDP | +13.6% |
| 1963 | 0.2184 current US$ per US$ of GDP | +9.1% |
| 1964 | 0.2116 current US$ per US$ of GDP | -3.1% |
| 1965 | 0.213 current US$ per US$ of GDP | +0.7% |
| 1966 | 0.2212 current US$ per US$ of GDP | +3.8% |
| 1967 | 0.2072 current US$ per US$ of GDP | -6.4% |
| 1968 | 0.2055 current US$ per US$ of GDP | -0.8% |
| 1969 | 0.217 current US$ per US$ of GDP | +5.6% |
| 1970 | 0.2288 current US$ per US$ of GDP | +5.4% |
| 1971 | 0.2229 current US$ per US$ of GDP | -2.6% |
| 1972 | 0.225 current US$ per US$ of GDP | +0.9% |
| 1973 | 0.2251 current US$ per US$ of GDP | +0.0% |
| 1974 | 0.329 current US$ per US$ of GDP | +46.1% |
| 1975 | 0.326 current US$ per US$ of GDP | -0.9% |
| 1976 | 0.2973 current US$ per US$ of GDP | -8.8% |
| 1977 | 0.2824 current US$ per US$ of GDP | -5.0% |
| 1978 | 0.2551 current US$ per US$ of GDP | -9.7% |
| 1979 | 0.2853 current US$ per US$ of GDP | +11.8% |
| 1980 | 0.282 current US$ per US$ of GDP | -1.2% |
| 1981 | 0.2646 current US$ per US$ of GDP | -6.2% |
| 1982 | 0.2422 current US$ per US$ of GDP | -8.5% |
| 1983 | 0.2071 current US$ per US$ of GDP | -14.5% |
| 1984 | 0.1963 current US$ per US$ of GDP | -5.2% |
| 1985 | 0.1831 current US$ per US$ of GDP | -6.7% |
| 1986 | 0.1601 current US$ per US$ of GDP | -12.6% |
| 1987 | 0.1652 current US$ per US$ of GDP | +3.2% |
| 1988 | 0.1172 current US$ per US$ of GDP | -29.1% |
| 1989 | 0.1304 current US$ per US$ of GDP | +11.3% |
| 1990 | 0.185 current US$ per US$ of GDP | +41.9% |
| 1991 | 0.1896 current US$ per US$ of GDP | +2.5% |
| 1992 | 0.2003 current US$ per US$ of GDP | +5.6% |
| 1993 | 0.1969 current US$ per US$ of GDP | -1.7% |
| 1994 | 0.2104 current US$ per US$ of GDP | +6.9% |
| 1995 | 0.2221 current US$ per US$ of GDP | +5.6% |
| 1996 | 0.2566 current US$ per US$ of GDP | +15.5% |
| 1997 | 0.255 current US$ per US$ of GDP | -0.6% |
| 1998 | 0.2644 current US$ per US$ of GDP | +3.7% |
| 1999 | 0.2569 current US$ per US$ of GDP | -2.8% |
| 2000 | 0.2564 current US$ per US$ of GDP | -0.2% |
| 2001 | 0.2074 current US$ per US$ of GDP | -19.1% |
| 2002 | 0.1983 current US$ per US$ of GDP | -4.4% |
| 2003 | 0.1884 current US$ per US$ of GDP | -5.0% |
| 2004 | 0.1812 current US$ per US$ of GDP | -3.9% |
| 2005 | 0.1755 current US$ per US$ of GDP | -3.1% |
| 2006 | 0.1827 current US$ per US$ of GDP | +4.1% |
| 2007 | 0.2363 current US$ per US$ of GDP | +29.3% |
| 2008 | 0.2568 current US$ per US$ of GDP | +8.7% |
| 2009 | 0.202 current US$ per US$ of GDP | -21.4% |
| 2010 | 0.2131 current US$ per US$ of GDP | +5.5% |
| 2011 | 0.2122 current US$ per US$ of GDP | -0.4% |
| 2012 | 0.2043 current US$ per US$ of GDP | -3.7% |
| 2013 | 0.1967 current US$ per US$ of GDP | -3.8% |
| 2014 | 0.1958 current US$ per US$ of GDP | -0.4% |
| 2015 | 0.1722 current US$ per US$ of GDP | -12.1% |
| 2016 | 0.1557 current US$ per US$ of GDP | -9.6% |
| 2017 | 0.1548 current US$ per US$ of GDP | -0.6% |
| 2018 | 0.1502 current US$ per US$ of GDP | -3.0% |
| 2019 | 0.141 current US$ per US$ of GDP | -6.1% |
| 2020 | 0.1139 current US$ per US$ of GDP | -19.3% |
| 2021 | 0.1522 current US$ per US$ of GDP | +33.7% |
| 2022 | 0.1461 current US$ per US$ of GDP | -4.0% |
| 2023 | 0.1237 current US$ per US$ of GDP | -15.4% |
Panama compared with similar countries
- Panama's 0.1237 current US$ per US$ of GDP is below the median for high income countries, which is 0.3301 current US$ per US$ of GDP, 37% of the median. (73 countries reporting)
- Panama's 0.1237 current US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3042 current US$ per US$ of GDP, 41% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy (current US$) … unit in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +46.1% | 0.2251 current US$ per US$ of GDP | 0.329 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.2046 current US$ per US$ of GDP | 0.1757 current US$ per US$ of GDP | 0.2212 current US$ per US$ of GDP | 10 |
| 1970s | 0.2677 current US$ per US$ of GDP | 0.2229 current US$ per US$ of GDP | 0.329 current US$ per US$ of GDP | 10 |
| 1980s | 0.1948 current US$ per US$ of GDP | 0.1172 current US$ per US$ of GDP | 0.282 current US$ per US$ of GDP | 10 |
| 1990s | 0.2237 current US$ per US$ of GDP | 0.185 current US$ per US$ of GDP | 0.2644 current US$ per US$ of GDP | 10 |
| 2000s | 0.2085 current US$ per US$ of GDP | 0.1755 current US$ per US$ of GDP | 0.2568 current US$ per US$ of GDP | 10 |
| 2010s | 0.1796 current US$ per US$ of GDP | 0.141 current US$ per US$ of GDP | 0.2131 current US$ per US$ of GDP | 10 |
| 2020s | 0.134 current US$ per US$ of GDP | 0.1139 current US$ per US$ of GDP | 0.1522 current US$ per US$ of GDP | 4 |
Countries ranked near Panama
- 188 Nigeria 0.1319 current US$ per US$ of GDP compare
- 189 Russia 0.1281 current US$ per US$ of GDP compare
- 190 Ethiopia 0.1255 current US$ per US$ of GDP compare
- 192 Venezuela 0.1198 current US$ per US$ of GDP compare
- 193 Brazil 0.1163 current US$ per US$ of GDP compare
- 194 Iran 0.1153 current US$ per US$ of GDP compare
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 merchandise imports by the reporting economy (current us$), per unit in Panama?
- Merchandise imports by the reporting economy (current us$), per unit in Panama was 0.1237 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), per unit recorded in Panama?
- The highest recorded value was 0.329 current US$ per US$ of GDP in 1974.
- What is the lowest merchandise imports by the reporting economy (current us$), per unit recorded in Panama?
- The lowest recorded value was 0.1139 current US$ per US$ of GDP in 2020.
- How does Panama rank for merchandise imports by the reporting economy (current us$), per unit?
- Panama ranks 191st out of 202 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Panama?
- Over the last ten years it is down 37.1%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise imports by the reporting economy (current US$) ÷ GDP (current US$)
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.