Services, Debit/Expenditure in Panama
Panama: Services, Debit/Expenditure was 5.75 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Panama, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, debit/expenditure in Panama is 5.75 billion, measured in 2024.
That represents a change of down 2.7% on the previous year and up 16.3% over ten years.
Over the whole period, services, debit/expenditure in Panama peaked at 5.91 billion in 2023 and was at its lowest, 1.73 billion, in 2006.
Panama ranks 89th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.81 billion | — |
| 2006 | 1.73 billion | -4.7% |
| 2007 | 2.21 billion | +27.9% |
| 2008 | 2.72 billion | +23.2% |
| 2009 | 2.24 billion | -17.8% |
| 2010 | 2.83 billion | +26.3% |
| 2011 | 4.34 billion | +53.4% |
| 2012 | 4.41 billion | +1.7% |
| 2013 | 5.14 billion | +16.6% |
| 2014 | 4.94 billion | -3.9% |
| 2015 | 4.82 billion | -2.4% |
| 2016 | 4.78 billion | -0.9% |
| 2017 | 4.67 billion | -2.2% |
| 2018 | 5.21 billion | +11.5% |
| 2019 | 5.10 billion | -2.1% |
| 2020 | 3.18 billion | -37.6% |
| 2021 | 4.12 billion | +29.5% |
| 2022 | 5.50 billion | +33.6% |
| 2023 | 5.91 billion | +7.4% |
| 2024 | 5.75 billion | -2.7% |
Panama compared with similar countries
- Panama's 5.75 billion is below the median for high income countries, which is 18.44 billion, 31% of the median. (72 countries reporting)
- Panama's 5.75 billion is above the median for Latin America & Caribbean, which is 2.54 billion, 2.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.14 billion | 1.73 billion | 2.72 billion | 5 |
| 2010s | 4.62 billion | 2.83 billion | 5.21 billion | 10 |
| 2020s | 4.89 billion | 3.18 billion | 5.91 billion | 5 |
Countries ranked near Panama
More trade data for Panama
- Commodity Net Export Price Index, Individual Commodities Weighted by 128.71 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 102.42 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 100.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 107.35 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.85 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 68.73 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5102 (2024)
- Imports of low carbon technology products, US dollar (World), per 97.76 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0051 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 4.63 million (2024)
Frequently asked questions
- What is services, debit/expenditure in Panama?
- Services, debit/expenditure in Panama was 5.75 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Panama?
- The highest recorded value was 5.91 billion in 2023.
- What is the lowest services, debit/expenditure recorded in Panama?
- The lowest recorded value was 1.73 billion in 2006.
- How does Panama rank for services, debit/expenditure?
- Panama ranks 89th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Panama?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.