Services, value added in Panama
Panama: Services, value added was 59.87 billion constant LCU in 2025. ◆ Volatile
Services, value added in Panama, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Panama recorded 59.87 billion constant LCU for services, value added in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 54.8% over ten years.
Over the whole period, services, value added in Panama peaked at 59.87 billion constant LCU in 2025 and was at its lowest, 4.48 billion constant LCU, in 1970.
That places Panama 132nd out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.80 billion constant LCU | 4.48 billion constant LCU | 7.12 billion constant LCU | 10 |
| 1980s | 9.47 billion constant LCU | 8.34 billion constant LCU | 10.30 billion constant LCU | 10 |
| 1990s | 12.27 billion constant LCU | 9.79 billion constant LCU | 14.70 billion constant LCU | 10 |
| 2000s | 20.69 billion constant LCU | 15.57 billion constant LCU | 28.16 billion constant LCU | 10 |
| 2010s | 38.37 billion constant LCU | 29.77 billion constant LCU | 46.02 billion constant LCU | 10 |
| 2020s | 51.56 billion constant LCU | 41.15 billion constant LCU | 59.87 billion constant LCU | 6 |
Countries ranked near Panama
More economy & growth data for Panama
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
- Taxes less subsidies on products 2.23 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.39 billion current LCU (2025)
- Net primary income (Net income from abroad) -4.39 billion current US$ (2025)
- GNI per capita 18,830 current LCU (2025)
- GNI per capita, Atlas method 19,140 current US$ (2025)
- GNI 86.07 billion current LCU (2025)
Frequently asked questions
- What is services, value added in Panama?
- Services, value added in Panama was 59.87 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Panama?
- The highest recorded value was 59.87 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Panama?
- The lowest recorded value was 4.48 billion constant LCU in 1970.
- How does Panama rank for services, value added?
- Panama ranks 132nd out of 198 countries with data for 2025.
- Is services, value added rising or falling in Panama?
- Over the last ten years it is up 54.8%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.