Ratio of business trips to trips for personal reasons in Panama

Panama: Ratio of business trips to trips for personal reasons was 0.2255 in 2022. ◆ Volatile

Latest (2022)
0.2255
Change on year
up 254.4%
World rank
60th
of 170 countries
All-time high
0.7207
in 1996
All-time low
0.0381
in 2016
Years of data
28
1995–2022

Ratio of business trips to trips for personal reasons in Panama, 1995–2022

00.20.40.60.81995200820221995: 0.5841996: 0.7211997: 0.6861998: 0.6811999: 0.6472000: 0.6452001: 0.5662002: 0.5262003: 0.5732004: 0.5762005: 0.5732006: 0.5752007: 0.5752008: 0.6242009: 0.6262010: 0.6262011: 0.6252012: 0.6252013: 0.1172014: 0.1252015: 0.0452016: 0.0382017: 0.1492018: 0.1452019: 0.1472020: 0.0882021: 0.0642022: 0.225

Source: Our World in Data.

Analysis

Panama recorded 0.2255 for ratio of business trips to trips for personal reasons in 2022.

The figure is up 254.4% on the previous year and down 63.9% over ten years.

Over the whole period, ratio of business trips to trips for personal reasons in Panama peaked at 0.7207 in 1996 and was at its lowest, 0.0381, in 2016.

That places Panama 60th out of 170 countries with data for 2022, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Ratio of business trips to trips for personal reasons in Panama, year by year

Annual values for Ratio of business trips to trips for personal reasons in Panama, 1995 to 2022.
Year Value Change
1995 0.5842
1996 0.7207 +23.4%
1997 0.6863 -4.8%
1998 0.6814 -0.7%
1999 0.6468 -5.1%
2000 0.6447 -0.3%
2001 0.5657 -12.3%
2002 0.5261 -7.0%
2003 0.5734 +9.0%
2004 0.5762 +0.5%
2005 0.5735 -0.5%
2006 0.5751 +0.3%
2007 0.5751 +0.0%
2008 0.6236 +8.4%
2009 0.6258 +0.3%
2010 0.6261 +0.0%
2011 0.625 -0.2%
2012 0.6253 +0.0%
2013 0.117 -81.3%
2014 0.1251 +6.9%
2015 0.0452 -63.8%
2016 0.0381 -15.9%
2017 0.1486 +290.4%
2018 0.1455 -2.1%
2019 0.1468 +0.9%
2020 0.088 -40.0%
2021 0.0636 -27.7%
2022 0.2255 +254.4%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.6639 0.5842 0.7207 5
2000s 0.5859 0.5261 0.6447 10
2010s 0.2643 0.0381 0.6261 10
2020s 0.1257 0.0636 0.2255 3

Countries ranked near Panama

  1. 57 Paraguay 0.2352 compare
  2. 58 Myanmar 0.2348 compare
  3. 59 Cambodia 0.2335 compare
  4. 61 Guyana 0.2242 compare
  5. 62 United Kingdom 0.2214 compare
  6. 63 American Samoa 0.2132 compare

See the full ranking of 174 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is ratio of business trips to trips for personal reasons in Panama?
Ratio of business trips to trips for personal reasons in Panama was 0.2255 in 2022, according to Our World in Data.
What is the highest ratio of business trips to trips for personal reasons recorded in Panama?
The highest recorded value was 0.7207 in 1996.
What is the lowest ratio of business trips to trips for personal reasons recorded in Panama?
The lowest recorded value was 0.0381 in 2016.
How does Panama rank for ratio of business trips to trips for personal reasons?
Panama ranks 60th out of 170 countries with data for 2022.
Is ratio of business trips to trips for personal reasons rising or falling in Panama?
Over the last ten years it is down 63.9%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from Our World in Data, published as part of Ratio of business trips to trips for personal reasons. Statizoid updates them automatically from the source API.

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Ratio of business trips to trips for personal reasons in Panama. Statizoid, drawing on Our World in Data. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/ratio-of-business-trips-to-trips-for-personal-reasons/panama/

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About this data

Indicator
Ratio of business trips to trips for personal reasons
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
174 places, 3,890 data points, 1995–2024
Last refreshed