Trade openness in Panama in 2024 — 83.67%. Ranked 82 in the world out of 172. Since 1960, the indicator has fallen by 16.49 pp.
1960–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Panama
| Year | % | Change, pp |
|---|---|---|
| 2024 | 83.67 | −4.68 pp |
| 2023 | 88.35 | −5.13 pp |
| 2022 | 93.48 | +13.34 pp |
| 2021 | 80.13 | +11.43 pp |
| 2020 | 68.7 | −11.73 pp |
| 2019 | 80.43 | −5.7 pp |
| 2018 | 86.13 | +2.08 pp |
| 2017 | 84.05 | −0.35 pp |
| 2016 | 84.4 | −12.18 pp |
| 2015 | 96.58 | −18.39 pp |
| 2014 | 114.97 | −18.1 pp |
| 2013 | 133.07 | −20.14 pp |
| 2012 | 153.21 | −5 pp |
| 2011 | 158.21 | +12.76 pp |
| 2010 | 145.45 | +8.4 pp |
| 2009 | 137.05 | −27.54 pp |
| 2008 | 164.59 | +15.92 pp |
| 2007 | 148.67 | +7.19 pp |
| 2006 | 141.47 | +2.26 pp |
| 2005 | 139.21 | +14.45 pp |
| 2004 | 124.76 | +7.49 pp |
| 2003 | 117.27 | −8.76 pp |
| 2002 | 126.02 | −9.56 pp |
| 2001 | 135.58 | −3.61 pp |
| 2000 | 139.2 | +7.64 pp |
| 1999 | 131.56 | −26.44 pp |
| 1998 | 158 | −16.72 pp |
| 1997 | 174.71 | +9.1 pp |
| 1996 | 165.61 | +18.7 pp |
| 1995 | 146.91 | +3.3 pp |
| 1994 | 143.61 | +3.93 pp |
| 1993 | 139.68 | −5.2 pp |
| 1992 | 144.88 | +4.63 pp |
| 1991 | 140.25 | +18.45 pp |
| 1990 | 121.79 | +12.2 pp |
| 1989 | 109.6 | +11.93 pp |
| 1988 | 97.67 | −0.93 pp |
| 1987 | 98.59 | +1.26 pp |
| 1986 | 97.33 | +3.27 pp |
| 1985 | 94.06 | +2.18 pp |
| 1984 | 91.88 | −1.26 pp |
| 1983 | 93.14 | −23.65 pp |
| 1982 | 116.78 | −16.94 pp |
| 1981 | 133.72 | −3.78 pp |
| 1980 | 137.5 | +5.64 pp |
| 1979 | 131.86 | +6.05 pp |
| 1978 | 125.82 | −11.2 pp |
| 1977 | 137.02 | −0.05 pp |
| 1976 | 137.07 | −12.76 pp |
| 1975 | 149.83 | −0.31 pp |
| 1974 | 150.14 | +36.36 pp |
| 1973 | 113.78 | −1.25 pp |
| 1972 | 115.02 | −0.02 pp |
| 1971 | 115.05 | −2.32 pp |
| 1970 | 117.37 | +0.08 pp |
| 1969 | 117.29 | +3.31 pp |
| 1968 | 113.98 | −0.74 pp |
| 1967 | 114.73 | −1.39 pp |
| 1966 | 116.11 | +3.44 pp |
| 1965 | 112.67 | +3.25 pp |
| 1964 | 109.42 | −3.33 pp |
| 1963 | 112.75 | +2.4 pp |
| 1962 | 110.35 | +9.5 pp |
| 1961 | 100.85 | +0.69 pp |
| 1960 | 100.17 | — |
The same indicator for neighboring countries — with links to their pages
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
