General profile: Panama

GENERAL INFORMATION FOR 2021
Population
Population
Exchange rates
Exchange rate
GDP
GDP
4.351 Millions
1.000 PAB/US$
59 787 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 74 180 km²
1.63 %
10.54 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+38.8 %
Merchandise exports growth rate in 2021
Total merchandise trade
(millions of US$)
2005
2010
2015
2021
Merchandise exports
(g) 7 050
10 987
11 348
13 161
Merchandise imports
(g) 9 600
16 737
22 504
20 596
Merchandise trade balance
(g) -2 550
-5 751
-11 156
-7 435
Export structure by product group in 2021
(as % of total exports)
2 %2 %22 %22 %9 %9 %53 %53 %13 %13 %
Top 5 partners in 2021
(exports, millions of US$)
2 4951 4799858928772 4951 479985892877
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2021
Services exports
3 175
6 412
11 866
10 745
Services imports
1 771
2 788
4 824
4 263
Services trade balance
1 405
3 624
7 042
6 481
Services exports by main category²
(as % of total services)
2005
2010
2015
2021
Transport
56.5
53.6
45.8
60.2
Travel
24.6
27.2
33.3
21.4
Other services
18.9
19.2
20.7
18.2
TRADE INDICES
More data on UNCTADstat
11289999699106100102117130116969884838073101010111010611010010210098100103101106108110113107112114117119122127128125
ECONOMIC TRENDS
More data on UNCTADstat
+10.5 %
Gross domestic product growth rate in 2021
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2021
GDP, current
15 714
29 440
54 092
59 787
GDP per capita, current US$
4 753
8 125
13 670
13 740
Real GDP growth, y-on-y, %
7.19
5.83
5.73
10.54
Current account balance, % of GDP
-6.77
-10.57
-8.96
-2.36
Exchange rate (/US$)
1.000
1.000
1.000
1.000
GDP by expenditure in 2020
(as % of total GDP)
51.111.740.841.745.351.111.740.841.745.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.3 %
FDI outflows as % of GDP in 2021
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2021
FDI inflows
917.60
2 723.30
4 555.80
1 843.81
FDI outflows
..
316.80
583.70
208.67
Personal remittances, % of GDP
..
1.39
1.02
..
Financial flows trends
(millions of US$)
447.0580.9537.9533.4502.5554.2756.4461.4410.9368.2410.0337.0378.0355.31 8446074 0635 0194 2824 7454 5564 4593 5673 2103 1532 7231 2592 1471 8992 5479181 01981899467624FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2021
Balance, % of GDP
-0.99
-8.20
-5.09
1.66
Balance, % of imports
-1.45
-11.23
-10.06
4.02
Normalized balance
-0.007
-0.059
-0.053
0.020
Trade openness²
(sum of imports and exports as % of GDP)
84688286858596114130149159138129151139140135
LIVING AREA
Population by living area in 2021
(% of population)
Urban
69%Urban 69%Rural
31%Rural 31%
OTHER INDICATORS
More data on UNCTADstat
16.13 %
Share of the total world merchant fleet in 2021
Maritime transport indicators
 
2005
2010
2015
2021
Merchant fleet, national flag (thousands of DWT)
195 286
288 758
335 498
344 594
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
33.36
41.60
50.08
Container port throughput (TEU)
..
5 590 685
6 893 886
..
Information economy indicators
(as % of)
2005
2010
2015
2021
Share of ICT goods, % of total exports
0.07
9.60
7.22
..
Share of ICT goods, % of total imports
9.08
9.57
8.09
5.17
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
g
Break.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 20 October 2022