Trade as a share of GDP in Panama

Trade as a share of GDP in Panama was 83.7% in 2024, according to the World Bank. That is down 4.7 pts from 2023. That is the 81st highest of 171 countries in 2024.

202483.7%
Change on 2023-4.7 pts
Rank81st of 171Countries ranked
Series high174.71997
Series low68.72020

Trade as a share of GDP in Panama, 1960 to 2024

507510012515017519601970198019902000201020241960: 100.2 %1961: 100.9 %1962: 110.4 %1963: 112.8 %1964: 109.4 %1965: 112.7 %1966: 116.1 %1967: 114.7 %1968: 114 %1969: 117.3 %1970: 117.4 %1971: 115 %1972: 115 %1973: 113.8 %1974: 150.1 %1975: 149.8 %1976: 137.1 %1977: 137 %1978: 125.8 %1979: 131.9 %1980: 137.5 %1981: 133.7 %1982: 116.8 %1983: 93.1 %1984: 91.9 %1985: 94.1 %1986: 97.3 %1987: 98.6 %1988: 97.7 %1989: 109.6 %1990: 121.8 %1991: 140.2 %1992: 144.9 %1993: 139.7 %1994: 143.6 %1995: 146.9 %1996: 165.6 %1997: 174.7 %1998: 158 %1999: 131.6 %2000: 139.2 %2001: 135.6 %2002: 126 %2003: 117.3 %2004: 124.8 %2005: 139.2 %2006: 141.5 %2007: 148.7 %2008: 164.6 %2009: 137 %2010: 145.4 %2011: 158.2 %2012: 153.2 %2013: 133.1 %2014: 115 %2015: 96.6 %2016: 84.4 %2017: 84 %2018: 86.1 %2019: 80.4 %2020: 68.7 %2021: 80.1 %2022: 93.5 %2023: 88.3 %2024: 83.7 %
%. Source: World Bank, Trade, % of GDP (NE.TRD.GNFS.ZS). Retrieved 2026-10-11, published 2026-10-08.
All 65 values
Period%
202483.7
202388.3
202293.5
202180.1
202068.7
201980.4
201886.1
201784
201684.4
201596.6
2014115
2013133.1
2012153.2
2011158.2
2010145.4
2009137
2008164.6
2007148.7
2006141.5
2005139.2
2004124.8
2003117.3
2002126
2001135.6
2000139.2
1999131.6
1998158
1997174.7
1996165.6
1995146.9
1994143.6
1993139.7
1992144.9
1991140.2
1990121.8
1989109.6
198897.7
198798.6
198697.3
198594.1
198491.9
198393.1
1982116.8
1981133.7
1980137.5
1979131.9
1978125.8
1977137
1976137.1
1975149.8
1974150.1
1973113.8
1972115
1971115
1970117.4
1969117.3
1968114
1967114.7
1966116.1
1965112.7
1964109.4
1963112.8
1962110.4
1961100.9
1960100.2

Rankings

Definition

Sum of exports and imports of goods and services, as a percentage of GDP. World Bank series.

Can exceed 100%, because exports and imports are both counted against GDP, which is only value added. Small open economies with large re-export or transit trade reach several hundred percent.

How to cite

World Bank, World Development Indicators. Trade, % of GDP (NE.TRD.GNFS.ZS). https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS. Retrieved 2026-10-11.

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Questions

What is the trade as a share of GDP in Panama?

Trade as a share of GDP in Panama was 83.7% in 2024, according to the World Bank. That is down 4.7 pts from 2023. That is the 81st highest of 171 countries in 2024.

Where does this figure come from?

World Bank. Trade, % of GDP (NE.TRD.GNFS.ZS). Retrieved by Invokely on 2026-10-11.

What was the highest trade as a share of GDP in Panama?

174.7% in 1997, the highest value since 1960 in this series.

Trade as a share of GDP in other countries

Related statistics for Panama

All statistics for Panama