Panama's manufacturing, value added (constant LCU) was 3.85 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 4.33% from 3.69 billion in 2015 (0.43% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.85 billion | 2025 |
| Five years earlier | 3.06 billion | 2020 |
| Ten years earlier | 3.69 billion | 2015 |
| Highest | 3.87 billion | 2018 |
| Lowest | 1.29 billion | 1970 |
| Average since 2016 | 3.68 billion | 2016–2025 |
| First recorded | 1.29 billion |
What the numbers say
In 2025, Panama's manufacturing, value added (constant LCU) rose 1.1% on 2024 (from 3.81 billion to 3.85 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +1.5% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 0.1 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 13.8% in 1990 and the biggest yearly fall was 22.5% in 1988. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% 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 2025, Panama had the 111th highest value of the 136 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 2025 ranking
- Jordan — 107th of 136: 7.14 billion
- Georgia — 108th of 136: 5.58 billion
- Bosnia and Herzegovina — 109th of 136: 5.39 billion
- Oman — 111th of 136: 3.71 billion
- Luxembourg — 112th of 136: 3.7 billion
- El Salvador — 113th of 136: 3.68 billion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 56 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2025 | 3,852,779,829 |
| 2024 | 3,810,602,266 |
| 2023 | 3,734,884,491 |
| 2022 | 3,632,929,489 |
| 2021 | 3,393,224,095 |
| 2020 | 3,055,819,590 |
| 2019 | 3,825,649,967 |
| 2018 | 3,868,152,789 |
| 2017 | 3,849,387,000 |
| 2016 | 3,727,755,700 |
Manufacturing, value added (constant LCU) in nearby economies
- Antigua and Barbuda — 111.72 million (2025)
- Argentina — 109.24 billion (2025)
- Aruba — 170.56 million (2023)
- Bahamas, The — 36.9 million (2024)
- Barbados — 747.19 million (2024)
- Belize — 355.76 million (2025)
- Bolivia — 41.1 billion (2024)
- Brazil — 439.4 billion (2025)
- Cayman Islands — 37.2 million (2024)
- Chile — 19.65 trillion (2025)
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 manufacturing, value added (constant LCU)?
- 3.85 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 197.53% from 1.29 billion in 1970 (2% a year on average, compounded). The highest value was 3.87 billion in 2018 and the lowest 1.29 billion in 1970.
- How does Panama rank?
- 111th highest of 136 economies with data for 2025.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Panama?
- In 2025, Panama's manufacturing, value added (constant LCU) rose 1.1% on 2024 (from 3.81 billion to 3.85 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +1.5% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 0.1 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 NV.IND.MANF.KN, 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.
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