Panama's changes in inventories (current LCU) was 1.85 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 6.71% from 1.73 billion in 2014 (0.65% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.85 billion | 2024 |
| Five years earlier | 712.36 million | 2019 |
| Ten years earlier | 1.73 billion | 2014 |
| Highest | 4.78 billion | 2022 |
| Lowest | 45.54 million | 1960 |
| Average since 2015 | 2.07 billion | 2015–2024 |
| First recorded | 45.54 million |
What the numbers say
In 2024, Panama's changes in inventories (current LCU) fell 60.4% on 2023 (from 4.67 billion to 1.85 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +59.3% and a typical year strayed about 274.9% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1,477.4% in 2021 and the biggest yearly fall was 76.8% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 29% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Panama had the 16th highest value of the 39 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Panama in the 2024 ranking
- Zimbabwe — 13th of 39: 7.57 billion
- Tajikistan — 14th of 39: 3.4 billion
- Ghana — 15th of 39: 1.87 billion
- Bosnia and Herzegovina — 17th of 39: 1.61 billion
- Sierra Leone — 18th of 39: 1.42 billion
- Bhutan — 19th of 39: 960.06 million
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Changes in inventories (current LCU) |
|---|---|
| 2024 | 1,849,584,600 |
| 2023 | 4,671,693,000 |
| 2022 | 4,778,686,400 |
| 2021 | 2,604,646,800 |
| 2020 | 165,123,900 |
| 2019 | 712,364,600 |
| 2018 | 1,699,427,300 |
| 2017 | 1,381,952,600 |
| 2016 | 1,163,153,200 |
| 2015 | 1,689,987,500 |
| 2014 |
Changes in inventories (current LCU) in nearby economies
- Argentina — 962.51 billion (2025)
- Bahamas, The — 163.2 million (2024)
- Belize — -86.25 million (2024)
- Bolivia — -3.38 billion (2024)
- Brazil — 30.19 billion (2025)
- Chile — -101.75 billion (2025)
- Colombia — 13.14 trillion (2025)
- Costa Rica — -243.26 billion (2025)
- Cuba — 124.29 billion (2024)
- Curaçao — 375.5 million (2018)
- Dominican Republic
More economic policy & debt data for Panama
- Total reserves, including gold (current US$) — US$6.24 billion (2025)
- Total reserves, excluding gold (current US$) — US$6.24 billion (2025)
- Gross Value Added (GVA) at basic prices (current US$) — US$88.24 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 88.24 billion (2025)
- GDP (current US$) — US$90.46 billion (2025)
- GDP (current LCU) — 90.46 billion (2025)
- GDP (constant 2015 US$) — US$80.68 billion (2025)
- GDP (constant LCU) — 84.75 billion (2025)
- GDP per capita (current US$) — US$19,790 (2025)
- GDP per capita (current LCU) — 19,790 (2025)
Reading data like this
Questions people ask
- What is Panama's changes in inventories (current LCU)?
- 1.85 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 3,962% from 45.54 million in 1960 (5.96% a year on average, compounded). The highest value was 4.78 billion in 2022 and the lowest 45.54 million in 1960.
- How does Panama rank?
- 16th highest of 39 economies with data for 2024.
- Is the latest change in changes in inventories (current LCU) unusual for Panama?
- In 2024, Panama's changes in inventories (current LCU) fell 60.4% on 2023 (from 4.67 billion to 1.85 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +59.3% and a typical year strayed about 274.9% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in