Panama - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Panama was 15.19 as of 2020. Its highest value over the past 43 years was 26.59 in 2019, while its lowest value was 9.41 in 2012.

Definition: Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1977 16.98
1978 15.58
1979 16.82
1980 9.48
1981 9.74
1982 12.72
1983 12.82
1984 11.24
1985 11.05
1986 10.41
1987 12.70
1988 17.04
1989 14.99
1990 14.29
1991 12.83
1992 13.07
1993 12.53
1994 11.52
1995 11.08
1996 13.55
1997 12.75
1998 14.71
1999 16.87
2000 16.70
2001 15.82
2002 13.81
2003 16.21
2004 16.88
2005 15.31
2006 15.99
2007 14.39
2008 13.68
2009 15.42
2010 14.27
2011 11.74
2012 9.41
2013 16.76
2014 19.06
2015 21.86
2016 23.92
2017 19.70
2018 23.96
2019 26.59
2020 15.19

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments