Spending by a countrys residents while travelling abroad in Panama

Panama: Spending by a countrys residents while travelling abroad was 1.42 billion in 2024. ◆ Volatile

Latest (2024)
1.42 billion
Change on year
up 4.0%
World rank
91st
of 199 countries
All-time high
1.63 billion
in 2019
All-time low
181.00 million
in 1995
Years of data
30
1995–2024

Spending by a countrys residents while travelling abroad in Panama, 1995–2024

0500.0M1.0B1.5B1995200920241995: 181.0M1996: 210.0M1997: 243.0M1998: 245.0M1999: 259.0M2000: 241.0M2001: 227.0M2002: 252.0M2003: 267.0M2004: 294.0M2005: 388.0M2006: 403.0M2007: 457.0M2008: 560.0M2009: 503.0M2010: 575.0M2011: 679.0M2012: 591.0M2013: 1.1B2014: 1.1B2015: 1.3B2016: 1.4B2017: 1.1B2018: 1.4B2019: 1.6B2020: 602.2M2021: 833.1M2022: 1.1B2023: 1.4B2024: 1.4B

Source: Our World in Data.

Analysis

The most recent figure for spending by a countrys residents while travelling abroad in Panama is 1.42 billion, 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 countrys residents while travelling abroad in Panama peaked at 1.63 billion in 2019 and was at its lowest, 181.00 million, 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.

Averages by decade

DecadeAverage LowestHighest Years
1990s 227.60 million 181.00 million 259.00 million 5
2000s 359.20 million 227.00 million 560.00 million 10
2010s 1.09 billion 575.00 million 1.63 billion 10
2020s 1.08 billion 602.25 million 1.42 billion 5

Countries ranked near Panama

  1. 88 Malta 1.65 billion compare
  2. 89 Macao 1.62 billion compare
  3. 90 Puerto Rico 1.44 billion compare
  4. 92 Latvia 1.42 billion compare
  5. 93 El Salvador 1.20 billion compare
  6. 94 Dominican Republic 1.14 billion compare

See the full ranking of 199 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is spending by a countrys residents while travelling abroad in Panama?
Spending by a countrys residents while travelling abroad in Panama was 1.42 billion in 2024, according to Our World in Data.
What is the highest spending by a countrys residents while travelling abroad recorded in Panama?
The highest recorded value was 1.63 billion in 2019.
What is the lowest spending by a countrys residents while travelling abroad recorded in Panama?
The lowest recorded value was 181.00 million in 1995.
How does Panama rank for spending by a countrys residents while travelling abroad?
Panama ranks 91st out of 199 countries with data for 2024.
Is spending by a countrys 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 Our World in Data, published as part of Spending by a countrys 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

Indicator
Spending by a countrys residents while travelling abroad
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
199 places, 4,611 data points, 1995–2024
Last refreshed