Foreign Trade (As % of GDP) fell to 87.3% in Panama in 2016

Foreign Trade (As % of GDP) (%)
Economy | Panama | March 11, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 87.3 % in 2016 in Panama, according to the National Statistical Office. This is 12.4 % less than in the previous year.

Historically, foreign trade as a share of GDP in Panama reached an all time high of 167 % in 2008 and an all time low of 87.3 % in 2016. When compared to Panama's main peers, foreign trade as a share of GDP in Colombia amounted to 36.5 %, 64.8 % in Costa Rica, 100 % in Honduras and 95.1 % in Nicaragua in 2016.

Panama has been ranked 68th within the group of 168 countries we follow in terms of foreign trade as a share of GDP, 50 places behind the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize % 125% 125% 130% 125% 122%
Brazil % 23.9% 25.1% 25.8% 24.7% 27.0%
Colombia % 39.5% 38.9% 38.0% 37.5% 38.4%
Costa Rica % 69.5% 68.1% 65.6% 67.0% 62.5%
El Salvador % 79.3% 77.6% 79.7% 77.2% 76.1%
Guatemala % 64.0% 61.0% 58.5% 56.7% 51.3%
Honduras % 122% 121% 116% 113% 107%
Mexico % 63.5% 65.8% 63.8% 65.0% 71.2%
Nicaragua % 112% 115% 111% 107% 99.5%
Panama % 162% 158% 138% 119% 99.9%
Peru % 56.0% 52.6% 49.8% 46.8% 45.1%
USA % 30.8% 30.6% 30.0% 30.0% 27.7%
Venezuela % 49.6% 50.4% 54.3% 48.1% ... ... ...