Service exports — all countries

Service exports — Panama

Service exports in Panama in 2025 — 20,194,027,092 US$. Ranked 38 in the world out of 97. Since 1977, the indicator has risen by 4,933.4%.

2025 20.19B US$ +9.84% vs 2024
World rank 38of 97
Period maximum 20.19B US$2025
Period minimum 401M US$1977

Trend over time

1977–2025 · US$

Service exports — Panama, 1977–2025010B20B30B197719821987199219972002200720122017202220251977: 401,200,000 US$1978: 442,500,000 US$1979: 559,500,000 US$1980: 902,900,000 US$1981: 933,200,000 US$1982: 994,300,000 US$1983: 1,131,800,000 US$1984: 1,066,300,000 US$1985: 1,180,700,000 US$1986: 1,159,800,000 US$1987: 1,151,000,000 US$1988: 1,063,000,000 US$1989: 982,000,000 US$1990: 1,092,700,000 US$1991: 1,217,700,000 US$1992: 1,225,800,000 US$1993: 1,297,700,000 US$1994: 1,404,300,000 US$1995: 1,520,600,000 US$1996: 1,593,800,000 US$1997: 1,730,900,000 US$1998: 1,900,600,000 US$1999: 1,855,600,000 US$2000: 2,008,700,000 US$2001: 1,998,400,000 US$2002: 2,283,100,000 US$2003: 2,544,800,000 US$2004: 2,797,900,000 US$2005: 3,233,900,000 US$2006: 4,002,800,000 US$2007: 5,076,400,000 US$2008: 5,919,000,000 US$2009: 5,953,200,000 US$2010: 6,833,600,000 US$2011: 8,643,800,000 US$2012: 9,970,000,000 US$2013: 10,800,500,000 US$2014: 11,437,600,000 US$2015: 11,865,500,000 US$2016: 12,275,087,934 US$2017: 13,333,807,243 US$2018: 13,546,691,922 US$2019: 13,754,432,415 US$2020: 8,196,633,411 US$2021: 10,674,058,282 US$2022: 15,177,354,678 US$2023: 17,740,985,940 US$2024: 18,385,726,106 US$2025: 20,194,027,092 US$
Change over the period: +19.79B (+4,933.41%) Average annual rate: 8.51 %

Comparison, 2025

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

Panama 20.19B US$
World 9.58T US$
Central America computed 114B US$
Service exports — Panama, by year Panama All countries CSV XLSX
Year US$ Change Change, %
2025 20.19B +1.81B +9.84%
2024 18.39B +645M +3.63%
2023 17.74B +2.56B +16.89%
2022 15.18B +4.5B +42.19%
2021 10.67B +2.48B +30.22%
2020 8.2B −5.56B −40.41%
2019 13.75B +208M +1.53%
2018 13.55B +213M +1.6%
2017 13.33B +1.06B +8.62%
2016 12.28B +410M +3.45%
2015 11.87B +428M +3.74%
2014 11.44B +637M +5.9%
2013 10.8B +831M +8.33%
2012 9.97B +1.33B +15.34%
2011 8.64B +1.81B +26.49%
2010 6.83B +880M +14.79%
2009 5.95B +34.2M +0.58%
2008 5.92B +843M +16.6%
2007 5.08B +1.07B +26.82%
2006 4B +769M +23.78%
2005 3.23B +436M +15.58%
2004 2.8B +253M +9.95%
2003 2.54B +262M +11.46%
2002 2.28B +285M +14.25%
2001 2B −10.3M −0.51%
2000 2.01B +153M +8.25%
1999 1.86B −45M −2.37%
1998 1.9B +170M +9.8%
1997 1.73B +137M +8.6%
1996 1.59B +73.2M +4.81%
1995 1.52B +116M +8.28%
1994 1.4B +107M +8.21%
1993 1.3B +71.9M +5.87%
1992 1.23B +8.1M +0.67%
1991 1.22B +125M +11.44%
1990 1.09B +111M +11.27%
1989 982M −81M −7.62%
1988 1.06B −88M −7.65%
1987 1.15B −8.8M −0.76%
1986 1.16B −20.9M −1.77%
1985 1.18B +114M +10.73%
1984 1.07B −65.5M −5.79%
1983 1.13B +138M +13.83%
1982 994M +61.1M +6.55%
1981 933M +30.3M +3.36%
1980 903M +343M +61.38%
1979 560M +117M +26.44%
1978 443M +41.3M +10.29%
1977 401M

Central America, 2025

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

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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