Panama - Merchandise trade (% of GDP)

Merchandise trade (% of GDP) in Panama was 44.88 as of 2020. Its highest value over the past 60 years was 105.04 in 2012, while its lowest value was 17.92 in 1988.

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: World Trade Organization, and World Bank GDP estimates.

See also:

Year Value
1960 26.25
1961 26.71
1962 30.67
1963 30.44
1964 30.15
1965 31.67
1966 32.94
1967 31.90
1968 32.17
1969 32.92
1970 34.49
1971 33.66
1972 33.64
1973 33.44
1974 47.21
1975 48.37
1976 41.96
1977 40.61
1978 36.92
1979 40.14
1980 39.23
1981 35.77
1982 33.71
1983 29.24
1984 27.48
1985 26.42
1986 23.21
1987 24.37
1988 17.92
1989 22.03
1990 29.20
1991 29.02
1992 31.41
1993 31.21
1994 31.89
1995 32.76
1996 34.48
1997 34.89
1998 36.13
1999 35.76
2000 34.44
2001 31.00
2002 29.46
2003 28.84
2004 30.23
2005 101.68
2006 103.68
2007 103.73
2008 101.58
2009 90.70
2010 94.17
2011 104.82
2012 105.04
2013 82.72
2014 74.84
2015 62.58
2016 55.48
2017 53.10
2018 53.11
2019 48.98
2020 44.88

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Total merchandise trade