Spending by a country’s residents while travelling abroad in Panama
Panama: Spending by a country’s residents while travelling abroad was 1.42 billion current US$ in 2024. ◆ Volatile
Spending by a country’s residents while travelling abroad in Panama, 1995–2024
Source: UN Tourism (2025) – processed by Our World in Data. Measured in current US$.
Analysis
The most recent figure for spending by a country’s residents while travelling abroad in Panama is 1.42 billion current US$, measured in 2024.
Compared with earlier readings it is up 4.0% on the previous year and up 24.2% over ten years.
Over the whole period, spending by a country’s residents while travelling abroad in Panama peaked at 1.63 billion current US$ in 2019 and was at its lowest, 181.00 million current US$, in 1995.
That places Panama 91st out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Spending by a country’s residents while travelling abroad in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 181.00 million current US$ | — |
| 1996 | 210.00 million current US$ | +16.0% |
| 1997 | 243.00 million current US$ | +15.7% |
| 1998 | 245.00 million current US$ | +0.8% |
| 1999 | 259.00 million current US$ | +5.7% |
| 2000 | 241.00 million current US$ | -6.9% |
| 2001 | 227.00 million current US$ | -5.8% |
| 2002 | 252.00 million current US$ | +11.0% |
| 2003 | 267.00 million current US$ | +6.0% |
| 2004 | 294.00 million current US$ | +10.1% |
| 2005 | 388.00 million current US$ | +32.0% |
| 2006 | 403.00 million current US$ | +3.9% |
| 2007 | 457.00 million current US$ | +13.4% |
| 2008 | 560.00 million current US$ | +22.5% |
| 2009 | 503.00 million current US$ | -10.2% |
| 2010 | 575.00 million current US$ | +14.3% |
| 2011 | 679.00 million current US$ | +18.1% |
| 2012 | 591.00 million current US$ | -13.0% |
| 2013 | 1.08 billion current US$ | +82.4% |
| 2014 | 1.15 billion current US$ | +6.4% |
| 2015 | 1.27 billion current US$ | +10.9% |
| 2016 | 1.35 billion current US$ | +6.2% |
| 2017 | 1.13 billion current US$ | -16.2% |
| 2018 | 1.40 billion current US$ | +23.2% |
| 2019 | 1.63 billion current US$ | +17.1% |
| 2020 | 602.25 million current US$ | -63.1% |
| 2021 | 833.08 million current US$ | +38.3% |
| 2022 | 1.14 billion current US$ | +37.4% |
| 2023 | 1.37 billion current US$ | +19.8% |
| 2024 | 1.42 billion current US$ | +4.0% |
Panama compared with similar countries
- Panama's 1.42 billion current US$ is below the median for high income countries, which is 4.47 billion current US$, 32% of the median. (71 countries reporting)
- Panama's 1.42 billion current US$ is above the median for Latin America & Caribbean, which is 704.23 million current US$, 2.0× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Spending by a country’s residents while travelling abroad in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -63.1% | 1.63 billion current US$ | 602.25 million current US$ |
| 2013 | +82.4% | 591.00 million current US$ | 1.08 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 227.60 million current US$ | 181.00 million current US$ | 259.00 million current US$ | 5 |
| 2000s | 359.20 million current US$ | 227.00 million current US$ | 560.00 million current US$ | 10 |
| 2010s | 1.09 billion current US$ | 575.00 million current US$ | 1.63 billion current US$ | 10 |
| 2020s | 1.08 billion current US$ | 602.25 million current US$ | 1.42 billion current US$ | 5 |
Countries ranked near Panama
- 88 Malta 1.65 billion current US$ compare
- 89 Macao 1.62 billion current US$ compare
- 90 Puerto Rico 1.44 billion current US$ compare
- 92 Latvia 1.42 billion current US$ compare
- 93 El Salvador 1.20 billion current US$ compare
- 94 Dominican Republic 1.14 billion current US$ compare
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is spending by a country’s residents while travelling abroad in Panama?
- Spending by a country’s residents while travelling abroad in Panama was 1.42 billion current US$ in 2024, according to UN Tourism (2025) – processed by Our World in Data.
- What is the highest spending by a country’s residents while travelling abroad recorded in Panama?
- The highest recorded value was 1.63 billion current US$ in 2019.
- What is the lowest spending by a country’s residents while travelling abroad recorded in Panama?
- The lowest recorded value was 181.00 million current US$ in 1995.
- How does Panama rank for spending by a country’s residents while travelling abroad?
- Panama ranks 91st out of 199 countries with data for 2024.
- Is spending by a country’s residents while travelling abroad rising or falling in Panama?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from UN Tourism (2025) – processed by Our World in Data, published as part of Spending by a country’s residents while travelling abroad. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Money spent by a country’s residents abroad on accommodation, food, transport, entertainment, shopping, and fares paid to foreign airlines. The data is expressed in current US dollars and is not adjusted for inflation or differences in living costs between countries.