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Services share of GDP — all countries

Services share of GDP — Panama

Services share of GDP in Panama in 2025 — 70%. Ranked 15 in the world out of 158. Since 1970, the indicator has risen by 10.2 pp.

2025 70% +0.7 pp vs 2024
World rank 15of 158
Period maximum 74%2007
Period minimum 59.8%1970

Trend over time

1970–2025 · % of GDP

Services share of GDP — Panama, 1970–2025556065707519701976198219881994200020062012201820241970: 59.8%1971: 60.1%1972: 62%1973: 61.1%1974: 62.2%1975: 61.2%1976: 62.5%1977: 63.7%1978: 63.9%1979: 64.3%1980: 64.6%1981: 65.4%1982: 66%1983: 67.1%1984: 66.9%1985: 64.3%1986: 64.3%1987: 65%1988: 68.3%1989: 68.2%1990: 69.2%1991: 67.7%1992: 68.4%1993: 66.6%1994: 67.3%1995: 66.9%1996: 70.6%1997: 71.9%1998: 71.7%1999: 70.7%2000: 71.6%2001: 73%2002: 73.5%2003: 72.2%2004: 72.5%2005: 73%2006: 74%2007: 74%2008: 72.3%2009: 73.5%2010: 73.4%2011: 73.1%2012: 71.9%2013: 68.7%2014: 67.3%2015: 66.7%2016: 65.8%2017: 65.5%2018: 65.8%2019: 66%2020: 71%2021: 68.2%2022: 68.2%2023: 67.8%2024: 69.3%2025: 70%
Change over the period: +10.2 pp Annual average: 0.19 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Panama

Panama 70%
World computed 59.9%
Latin America & Caribbean 68.2%
Central America computed 59.8%
Services share of GDP — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2025 70 +0.7 pp
2024 69.3 +1.6 pp
2023 67.8 −0.4 pp
2022 68.2 −0 pp
2021 68.2 −2.8 pp
2020 71 +5 pp
2019 66 +0.2 pp
2018 65.8 +0.3 pp
2017 65.5 −0.3 pp
2016 65.8 −0.8 pp
2015 66.7 −0.7 pp
2014 67.3 −1.4 pp
2013 68.7 −3.1 pp
2012 71.9 −1.2 pp
2011 73.1 −0.3 pp
2010 73.4 −0.1 pp
2009 73.5 +1.2 pp
2008 72.3 −1.7 pp
2007 74 +0 pp
2006 74 +0.9 pp
2005 73 +0.5 pp
2004 72.5 +0.4 pp
2003 72.2 −1.4 pp
2002 73.5 +0.5 pp
2001 73 +1.5 pp
2000 71.6 +0.9 pp
1999 70.7 −1 pp
1998 71.7 −0.2 pp
1997 71.9 +1.3 pp
1996 70.6 +3.8 pp
1995 66.9 −0.5 pp
1994 67.3 +0.7 pp
1993 66.6 −1.7 pp
1992 68.4 +0.6 pp
1991 67.7 −1.5 pp
1990 69.2 +1 pp
1989 68.2 −0.1 pp
1988 68.3 +3.3 pp
1987 65 +0.7 pp
1986 64.3 +0 pp
1985 64.3 −2.6 pp
1984 66.9 −0.2 pp
1983 67.1 +1.1 pp
1982 66 +0.5 pp
1981 65.4 +0.8 pp
1980 64.6 +0.3 pp
1979 64.3 +0.4 pp
1978 63.9 +0.1 pp
1977 63.7 +1.2 pp
1976 62.5 +1.3 pp
1975 61.2 −1.1 pp
1974 62.2 +1.2 pp
1973 61.1 −0.9 pp
1972 62 +1.9 pp
1971 60.1 +0.3 pp
1970 59.8 —

Central America, 2025

The same indicator for neighboring countries — with links to their pages

PA Panama 70 CR Costa Rica 69.2 GT Guatemala 62.1 MX Mexico 58.9 SV El Salvador 58.9 HN Honduras 57.6 NI Nicaragua 45.2
Full table for all countries

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Panama

Economy Services value added

How much the service sector creates — trade, transport, finance, health care, education.

Panama by year Economy Industry share of GDP

The contribution of industry and construction to the value added of the economy.

Panama by year Labor Employment in services

The share of workers employed in trade, transport, finance, IT and the public sector.

Panama by year Internet ICT service exports

The share of computer, communications and information services in exports of services.

Panama by year
All indicators for Panama