Economic Policy & Debt · Panama
Yearly data from 1990 to 2024, from the World Bank.
Panama's medium and high-tech manufacturing value added (% manufacturing value added) was 6.57% in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.65 percentage points from 8.23% in 2014.
| Value | Year | |
|---|---|---|
| Latest | 6.57% | 2024 |
| Five years earlier | 8.32% | 2019 |
| Ten years earlier | 8.23% | 2014 |
| Highest | 10.82% | 1995 |
| Lowest | 5.92% | 1992 |
| Average since 2015 | 8.29% | 2015–2024 |
| First recorded | 10.42% | 1990 |
Over five years it is down 1.75 percentage points from 8.32% in 2019. Since 1990 it is down 3.84 percentage points from 10.42% in 1990.
In 2024, Panama's medium and high-tech manufacturing value added (% manufacturing value added) fell 2.17 percentage points on 2023 (from 8.74% to 6.57%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.04 percentage points and a typical year strayed about 1.2 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 3.55 percentage points in 1995 and the biggest yearly fall was 4.4 percentage points in 1992. 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 7% 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.
In 2024, Panama had the 129th highest value of the 152 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.
The proportion of medium and high-tech industry value added in total value added of manufacturing
Limitations: Value added by economic activity should be reported at least at 3-digit ISIC for compiling MHT values. Missing values at country level are imputed based on the methodology from Competitive Industrial Performance Report (UNIDO, 2017. Conversion to USD or difference in ISIC combinations may cause discrepancy between national and international figures. For additional information please see UNIDO (2017): http://stat.unido.org/content/publications/volume-i%252c-competitive-industrial-performance-report-2016
| Year | Medium and high-tech manufacturing value added (% manufacturing value added) |
|---|---|
| 2024 | 6.57 |
| 2023 | 8.74 |
| 2022 | 8.74 |
| 2021 | 8.74 |
| 2020 | 8.32 |
| 2019 | 8.32 |
| 2018 | 8.53 |
| 2017 | 8.53 |
| 2016 | 8.2 |
| 2015 | 8.21 |
| 2014 | 8.23 |
| 2013 | 6.38 |
| 2012 | 6.82 |
| 2011 | 6.68 |
| 2010 | 6.52 |
| 2009 | 6.52 |
| 2008 | 8.32 |
| 2007 | 8.32 |
| 2006 | 8.32 |
| 2005 | 8.32 |
| 2004 | 8.17 |
| 2003 | 8.17 |
| 2002 | 8.32 |
| 2001 | 6.13 |
| 2000 | 6.73 |
| 1999 | 5.95 |
| 1998 | 6.68 |
| 1997 | 6.87 |
| 1996 | 6.89 |
| 1995 | 10.82 |
| 1994 | 7.27 |
| 1993 | 7.41 |
| 1992 | 5.92 |
| 1991 | 10.32 |
| 1990 | 10.42 |
Every indicator for Panama is on the Panama data page.
World Bank, World Development Indicators, indicator NV.MNF.TECH.ZS.UN, licensed CC BY 4.0. Original source: Competitive Industrial Performance (CIP) database, UN Industrial Development Organization (UNIDO) 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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