Panama's high-technology exports (current US$) was US$1.86 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 705.04% from US$231,391 in 2014 (23.19% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.86 million | 2024 |
| Five years earlier | US$255,848 | 2019 |
| Ten years earlier | US$231,391 | 2014 |
| Highest | US$1.86 million | 2024 |
| Lowest | US$457 | 2015 |
| Average since 2015 | US$591,417 | 2015–2024 |
| First recorded | US$1.11 million |
What the numbers say
In 2024, Panama's high-technology exports (current US$) rose 39.1% on 2023 (from US$1.34 million to US$1.86 million).
Across the 15 yearly changes before that (2009 to 2023), the average change was +12,035.6% and a typical year strayed about 46,436.3% from that (the standard deviation). This year's change was 0.3 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 179,891.9% in 2016 and the biggest yearly fall was 99.8% in 2015. 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 the straight-line trend is upward, about US$135,208 a year. A straight line explains 46% of the movement over 10 observed years.
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 110th highest value of the 120 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.
| Value | Year | |
|---|---|---|
| Panama | US$1.86 million | 2024 |
| World | US$3.58 trillion | 2023 |
| Latin America & Caribbean | US$100.32 billion | 2023 |
| High income | US$2.42 trillion | 2024 |
Closest to Panama in the 2024 ranking
- Togo — 106th of 120: US$2.86 million
- Fiji — 107th of 120: US$2.85 million
- Burkina Faso — 108th of 120: US$2.47 million
- French Polynesia — 110th of 120: US$1.33 million
- Malawi — 111th of 120: US$1.24 million
- Namibia — 112th of 120: US$941,515
What this measures
High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.
Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.
Regional and income-group figures are computed by the World Bank as a sum.
All 17 values
| Year | High-technology exports (current US$) |
|---|---|
| 2024 | 1,862,786 |
| 2023 | 1,339,544 |
| 2022 | 333,696 |
| 2021 | 333,800 |
| 2020 | 694,221 |
| 2019 | 255,848 |
| 2018 | 88,765 |
| 2017 | 182,494 |
| 2016 | 822,563 |
| 2015 | 457 |
| 2014 |
High-technology exports (current US$) in nearby economies
- Antigua and Barbuda — US$0 (2024)
- Argentina — US$409.33 million (2024)
- Aruba — US$1.67 million (2023)
- Bahamas, The — US$0 (2024)
- Belize — US$13 (2024)
- Bolivia — US$51.18 million (2024)
- Brazil — US$8.69 billion (2024)
- Chile — US$1.08 billion (2024)
- Colombia — US$955.98 million (2024)
- Costa Rica — US$2.95 billion (2024)
- Dominica
More infrastructure data for Panama
- Air transport, registered carrier departures worldwide — 123,804 (2023)
- Air transport, freight (million ton-km) — 143.67 (2023)
- Air transport, passengers carried — 15.75 million (2023)
- Mobile cellular subscriptions — 6.98 million (2023)
- Mobile cellular subscriptions (per 100 people) — 156.59 (2023)
- ICT service exports (BoP, current US$) — US$501.33 million (2025)
- ICT service exports (% of service exports, BoP) — 2.48% (2025)
- Fixed telephone subscriptions — 774,060 (2023)
- Fixed telephone subscriptions (per 100 people) — 17.36 (2023)
- Medium and high-tech exports (% manufactured exports)
Reading data like this
Questions people ask
- What is Panama's high-technology exports (current US$)?
- US$1.86 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2008?
- It is up 67.97% from US$1.11 million in 2008 (3.29% a year on average, compounded). The highest value was US$1.86 million in 2024 and the lowest US$457 in 2015.
- How does Panama rank?
- 110th highest of 120 economies with data for 2024.
- Is the latest change in high-technology exports (current US$) unusual for Panama?
- In 2024, Panama's high-technology exports (current US$) rose 39.1% on 2023 (from US$1.34 million to US$1.86 million). Across the 15 yearly changes before that (2009 to 2023), the average change was +12,035.6% and a typical year strayed about 46,436.3% from that (the standard deviation). This year's change was 0.3 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 TX.VAL.TECH.CD, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ 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.
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