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

Travel services (% of service exports, BoP) in Panama was 13.18 as of 2020. Its highest value over the past 43 years was 45.42 in 1978, while its lowest value was 13.18 in 2020.

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 44.02
1978 45.42
1979 38.41
1980 18.96
1981 18.73
1982 17.47
1983 15.18
1984 17.69
1985 17.61
1986 17.68
1987 16.67
1988 15.64
1989 16.37
1990 15.72
1991 16.70
1992 17.53
1993 17.38
1994 18.63
1995 20.35
1996 22.58
1997 21.77
1998 20.56
1999 21.83
2000 23.37
2001 24.39
2002 23.00
2003 23.43
2004 23.80
2005 24.56
2006 24.13
2007 27.22
2008 27.26
2009 27.00
2010 27.21
2011 31.06
2012 30.74
2013 32.71
2014 32.61
2015 33.27
2016 34.50
2017 33.16
2018 33.47
2019 32.34
2020 13.18

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