Panama: Services value added

The latest value from 2025 is 63.34 billion U.S. dollars, an increase from 60 billion U.S. dollars in 2024. In comparison, the world average is 295.56 billion U.S. dollars, based on data from 156 countries. Historically, the average for Panama from 1970 to 2025 is 16.4 billion U.S. dollars. The minimum value, 0.81 billion U.S. dollars, was reached in 1970 while the maximum of 63.34 billion U.S. dollars was recorded in 2025. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.