Area per tonne oil in Panama

Panama: Area per tonne oil was 48.57 in 2023. ▲ Rising

Latest (2023)
48.57
Change on year
down 23.2%
World rank
10th
of 59 countries
All-time high
313.86
in 1992
All-time low
23.77
in 1987
Years of data
39
1985–2023

Area per tonne oil in Panama, 1985–2023

01002003001985200420231985: 71.31986: 41.31987: 23.81988: 46.31989: 115.41990: 122.11991: 146.91992: 313.91993: 194.61994: 2381995: 206.21996: 239.11997: 249.51998: 268.51999: 243.82000: 220.42001: 220.42002: 216.22003: 220.52004: 220.62005: 220.42006: 225.92007: 218.32008: 224.62009: 222.22010: 225.22011: 201.92012: 203.32013: 206.82014: 200.82015: 203.92016: 207.72017: 201.82018: 210.22019: 212.22020: 214.32021: 206.42022: 63.22023: 48.6

Source: Our World in Data.

Analysis

Panama recorded 48.57 for area per tonne oil in 2023.

Compared with earlier readings it is down 23.2% on the previous year and down 76.5% over ten years.

Over the whole period, area per tonne oil in Panama peaked at 313.86 in 1992 and was at its lowest, 23.77, in 1987.

Panama ranks 10th of 59 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 39 years of available data.

Area per tonne oil in Panama, year by year

Annual values for Area per tonne oil in Panama, 1985 to 2023.
Year Value Change
1985 71.3 —
1986 41.32 -42.0%
1987 23.77 -42.5%
1988 46.32 +94.9%
1989 115.44 +149.2%
1990 122.08 +5.8%
1991 146.9 +20.3%
1992 313.86 +113.7%
1993 194.62 -38.0%
1994 238.03 +22.3%
1995 206.23 -13.4%
1996 239.12 +15.9%
1997 249.48 +4.3%
1998 268.5 +7.6%
1999 243.81 -9.2%
2000 220.39 -9.6%
2001 220.39 +0.0%
2002 216.19 -1.9%
2003 220.53 +2.0%
2004 220.62 +0.0%
2005 220.44 -0.1%
2006 225.9 +2.5%
2007 218.29 -3.4%
2008 224.6 +2.9%
2009 222.18 -1.1%
2010 225.25 +1.4%
2011 201.92 -10.4%
2012 203.3 +0.7%
2013 206.8 +1.7%
2014 200.76 -2.9%
2015 203.86 +1.5%
2016 207.71 +1.9%
2017 201.77 -2.9%
2018 210.19 +4.2%
2019 212.19 +1.0%
2020 214.33 +1.0%
2021 206.36 -3.7%
2022 63.24 -69.4%
2023 48.57 -23.2%

Panama compared with similar countries

  • Panama's 48.57 is above the median for high income countries, which is 6.41, 7.6× the median. (9 countries reporting)
  • Panama's 48.57 is above the median for Latin America & Caribbean, which is 4.71, 10.3× the median. (21 countries reporting)

Biggest year-on-year movements

Years where Area per tonne oil in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1989 +149.2% 46.32 115.44
1992 +113.7% 146.9 313.86
1988 +94.9% 23.77 46.32
2022 -69.4% 206.36 63.24
1987 -42.5% 41.32 23.77
1986 -42.0% 71.3 41.32

Averages by decade

DecadeAverage LowestHighest Years
1980s 59.63 23.77 115.44 5
1990s 222.26 122.08 313.86 10
2000s 220.95 216.19 225.9 10
2010s 207.38 200.76 225.25 10
2020s 133.13 48.57 214.33 4

Countries ranked near Panama

  1. 7 Seychelles 76.1 compare
  2. 8 Nicaragua 66.88 compare
  3. 9 Guyana 53.15 compare
  4. 11 New Caledonia 47.47 compare
  5. 12 Cook Islands 30.77
  6. 13 Kenya 29.32 compare

See the full ranking of 59 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is area per tonne oil in Panama?
Area per tonne oil in Panama was 48.57 in 2023, according to Our World in Data.
What is the highest area per tonne oil recorded in Panama?
The highest recorded value was 313.86 in 1992.
What is the lowest area per tonne oil recorded in Panama?
The lowest recorded value was 23.77 in 1987.
How does Panama rank for area per tonne oil?
Panama ranks 10th out of 59 countries with data for 2023.
Is area per tonne oil rising or falling in Panama?
Over the last ten years it is down 76.5%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from Our World in Data, published as part of Area per tonne oil. Statizoid updates them automatically from the source API.

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Area per tonne oil in Panama. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/area-per-tonne-oil/panama/

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About this data

Indicator
Area per tonne oil
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
59 places, 2,960 data points, 1961–2023
Last refreshed