Panama's service exports (current US$, BoP) was US$20.19 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 70.19% from US$11.87 billion in 2015 (5.46% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$20.19 billion | 2025 |
| Five years earlier | US$8.2 billion | 2020 |
| Ten years earlier | US$11.87 billion | 2015 |
| Highest | US$20.19 billion | 2025 |
| Lowest | US$401.2 million | 1977 |
| Average since 2016 | US$14.33 billion | 2016–2025 |
| First recorded | US$401.2 million |
What the numbers say
In 2025, Panama's service exports (current US$, BoP) rose 9.8% on 2024 (from US$18.39 billion to US$20.19 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +9.9% and a typical year strayed about 13.9% from that (the standard deviation). This year's change was 0.0 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 61.4% in 1980 and the biggest yearly fall was 40.4% 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 2016 to 2025 the straight-line trend is upward, about US$814.25 million a year. A straight line explains 45% 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 2025, Panama had the 49th 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.
| Value | Year | |
|---|---|---|
| Panama | US$20.19 billion | 2025 |
| World | US$9.56 trillion | 2025 |
| Latin America & Caribbean | US$324.98 billion | 2025 |
| High income | US$7.76 trillion | 2025 |
Closest to Panama in the 2025 ranking
What this measures
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 49 values
| Year | Service exports (current US$, BoP) |
|---|---|
| 2025 | 20,194,027,092 |
| 2024 | 18,385,726,106 |
| 2023 | 17,740,985,940 |
| 2022 | 15,177,354,678 |
| 2021 | 10,674,058,282 |
| 2020 | 8,196,633,411 |
| 2019 | 13,754,432,415 |
| 2018 | 13,546,691,922 |
| 2017 | 13,333,807,243 |
| 2016 | 12,275,087,934 |
Service exports (current US$, BoP) in nearby economies
- Antigua and Barbuda — US$1.21 billion (2025)
- Argentina — US$18.34 billion (2025)
- Aruba — US$2.99 billion (2023)
- Bahamas, The — US$5.9 billion (2024)
- Barbados — US$1.52 billion (2017)
- Belize — US$1.21 billion (2025)
- Bolivia — US$1.27 billion (2025)
- Brazil — US$54.42 billion (2025)
- Chile — US$13.01 billion (2025)
- Colombia — US$19.97 billion (2025)
- Costa Rica
More economic policy & debt data for Panama
- Total reserves, including gold (current US$) — 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$19,790 (2025)
- GDP per capita (current LCU) — 19,790 (2025)
Reading data like this
Questions people ask
- What is Panama's service exports (current US$, BoP)?
- US$20.19 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 4,933% from US$401.2 million in 1977 (8.51% a year on average, compounded). The highest value was US$20.19 billion in 2025 and the lowest US$401.2 million in 1977.
- How does Panama rank?
- 49th highest of 136 economies with data for 2025.
- Is the latest change in service exports (current US$, BoP) unusual for Panama?
- In 2025, Panama's service exports (current US$, BoP) rose 9.8% on 2024 (from US$18.39 billion to US$20.19 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +9.9% and a typical year strayed about 13.9% from that (the standard deviation). This year's change was 0.0 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 BX.GSR.NFSV.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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