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Outbound tourism expenditure — all countries

Outbound tourism expenditure — Panama

Outbound tourism expenditure in Panama in 2020 — 601,000,000 US$. Ranked 67 in the world out of 138. Since 1995, the indicator has risen by 232%.

2020 601M US$ −62.97% vs 2019
World rank 67of 138
Period maximum 1.62B US$2019
Period minimum 181M US$1995

Trend over time

1995–2020 · US$

Outbound tourism expenditure — Panama, 1995–20200500M1B1.5B2B1995199820012004200720102013201620191995: 181,000,000 US$1996: 210,000,000 US$1997: 243,000,000 US$1998: 245,000,000 US$1999: 259,000,000 US$2000: 241,000,000 US$2001: 227,000,000 US$2002: 252,000,000 US$2003: 267,000,000 US$2004: 294,000,000 US$2005: 388,000,000 US$2006: 403,000,000 US$2007: 457,000,000 US$2008: 560,000,000 US$2009: 503,000,000 US$2010: 575,000,000 US$2011: 679,000,000 US$2012: 591,000,000 US$2013: 1,078,000,000 US$2014: 1,147,000,000 US$2015: 1,272,000,000 US$2016: 1,351,000,000 US$2017: 1,132,000,000 US$2018: 1,395,000,000 US$2019: 1,623,000,000 US$2020: 601,000,000 US$
Change over the period: +420M (+232.04%) Average annual rate: 4.92 %

Comparison, 2020

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

Panama 601M US$
Latin America & Caribbean computed 21.99B US$
Central America computed 6.45B US$
Outbound tourism expenditure — Panama, by year Panama All countries CSV XLSX
Year US$ Change Change, %
2020 601M −1.02B −62.97%
2019 1.62B +228M +16.34%
2018 1.4B +263M +23.23%
2017 1.13B −219M −16.21%
2016 1.35B +79M +6.21%
2015 1.27B +125M +10.9%
2014 1.15B +69M +6.4%
2013 1.08B +487M +82.4%
2012 591M −88M −12.96%
2011 679M +104M +18.09%
2010 575M +72M +14.31%
2009 503M −57M −10.18%
2008 560M +103M +22.54%
2007 457M +54M +13.4%
2006 403M +15M +3.87%
2005 388M +94M +31.97%
2004 294M +27M +10.11%
2003 267M +15M +5.95%
2002 252M +25M +11.01%
2001 227M −14M −5.81%
2000 241M −18M −6.95%
1999 259M +14M +5.71%
1998 245M +2M +0.82%
1997 243M +33M +15.71%
1996 210M +29M +16.02%
1995 181M — —

Central America, 2020

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

MX Mexico 4.29B CR Costa Rica 697M PA Panama 601M GT Guatemala 346M HN Honduras 230M SV El Salvador 162M NI Nicaragua 102M BZ Belize 22.04M
Full table for all countries

About the indicator

Spending by residents of the country abroad in current US dollars: accommodation, food, transport inside the country visited, and shopping. Together with receipts from inbound tourism it forms the tourism balance of the country — an important part of the services account of the balance of payments.

Source: Tourism Statistics (UN Tourism / UNWTO), license UN Tourism terms of use.

Other indicators for Panama

Tourism Inbound tourism receipts

How much foreign tourists spend in the country over a year.

Panama by year Tourism International tourist departures

How many outbound tourist trips the residents of a country make.

Panama by year Trade Imports of goods and services

The value of goods brought in and of services received from non-residents.

Panama by year Tourism International tourist arrivals

How many foreign tourists come to a country in a year.

Panama by year Tourism Tourism share of exports

How much the economy depends on tourism as a source of foreign currency.

Panama by year Tourism Tourism contribution to GDP

What part of the economy of a country tourism makes up.

Panama by year
All indicators for Panama