Panama: Stocks traded, total value (current US$)

Key figures

Over five years it is up 153.18% from US$210.13 million in 2020 (20.42% a year on average, compounded). Since 1993 it is up 762.25% from US$61.7 million in 1993 (6.96% a year on average, compounded).

What the numbers say

In 2025, Panama's stocks traded, total value (current US$) rose 25.7% on 2024 (from US$423.19 million to US$532.01 million).

Across the 27 yearly changes before that (1994 to 2024), the average change was +51.4% and a typical year strayed about 115.8% from that (the standard deviation). This year's change was 0.2 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 376.5% in 2011 and the biggest yearly fall was 88.9% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2018 to 2025 there is no clear straight-line trend: a straight line explains 18% of the movement over 8 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 51st highest value of the 63 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

• Kenya — 48th of 63: US$711.59 million
• Croatia — 49th of 63: US$616.37 million
• Kazakhstan — 50th of 63: US$586.96 million
• Jamaica — 52nd of 63: US$422.26 million
• West Bank and Gaza — 53rd of 63: US$383.19 million
• Botswana — 54th of 63: US$360.97 million

What this measures

The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.

Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards. Only EOB trades are included in the total value of shares traded.

Regional and income-group figures are computed by the World Bank as a sum.

All 30 values

Stocks traded, total value (current US$) in nearby economies

• Argentina — US$1.16 billion (2023)
• Barbados — US$220,000 (2021)
• Brazil — US$1.03 trillion (2025)
• Cayman Islands — US$1.3 million (2020)
• Chile — US$55.07 billion (2025)
• Colombia — US$9.49 billion (2025)
• Costa Rica — US$43.71 million (2022)
• Jamaica — US$422.26 million (2025)
• Mexico — US$127.06 billion (2025)
• Peru — US$1.33 billion (2025)

More financial sector data for Panama

• Domestic credit to private sector by banks (% of GDP) — 66.84% (2025)
• Net domestic credit (current LCU) — 66.25 billion (2025)
• Net foreign assets (current LCU) — 8.29 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 73.56% (2025)
• Consumer price index (2010 = 100) — 128.14 (2025)
• Inflation, consumer prices (annual % growth) — -0.19% (2025)
• Claims on central government, etc. (% of GDP) — -1.17% (2025)
• GDP deflator (base year varies by country) — 106.74 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Panama's stocks traded, total value (current US$)?

US$532.01 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 762.25% from US$61.7 million in 1993 (6.96% a year on average, compounded). The highest value was US$716.4 million in 2012 and the lowest US$8.56 million in 1995.

How does Panama rank?

51st highest of 63 economies with data for 2025.

Is the latest change in stocks traded, total value (current US$) unusual for Panama?

In 2025, Panama's stocks traded, total value (current US$) rose 25.7% on 2024 (from US$423.19 million to US$532.01 million). Across the 27 yearly changes before that (1994 to 2024), the average change was +51.4% and a typical year strayed about 115.8% from that (the standard deviation). This year's change was 0.2 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 CM.MKT.TRAD.CD, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) 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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