Panama Trade Openness

Indicator note: Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Source organization: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)

Metadata fetched: 2026-09-27 05:42:31. Open original metadata response.

Source revisions are retained before the current observation is replaced. This table documents the previous and replacement value for reproducibility.

Panama recorded 83,67 percent of GDP in 2024, the latest year available in this series.

Compared with 2023, the trade openness decreased by 4,68.

Across the latest five-year comparison window, the series shows an upward direction.

Across 9 observations from 2016 to 2024, the average was 83,26; the minimum was 68,70 in 2020 and the maximum was 93,48 in 2022.

Panama ranks 94 out of 194 countries with a current value in the portal ranking.

The latest value is below the available average for Latin America & Caribbean.

It is also below the available average for the High income group.

Integration into international trade.