Panama - Trade in services (% of GDP)

Trade in services (% of GDP) in Panama was 21.56 as of 2020. Its highest value over the past 43 years was 35.78 in 2011, while its lowest value was 21.00 in 1978.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1977 22.14
1978 21.00
1979 22.87
1980 32.38
1981 30.73
1982 28.22
1983 28.42
1984 26.92
1985 28.11
1986 28.79
1987 27.23
1988 26.80
1989 26.32
1990 27.71
1991 29.21
1992 26.66
1993 25.91
1994 26.36
1995 27.26
1996 26.64
1997 28.34
1998 26.66
1999 24.26
2000 25.09
2001 24.42
2002 27.13
2003 27.58
2004 27.64
2005 30.21
2006 31.28
2007 30.46
2008 31.16
2009 28.34
2010 31.25
2011 35.78
2012 35.57
2013 34.96
2014 32.81
2015 30.85
2016 29.45
2017 28.95
2018 28.86
2019 28.85
2020 21.56

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