Spending by international visitors while visiting a country in Panama
Panama: Spending by international visitors while visiting a country was 9.08 billion current US$ in 2024. ◆ Volatile
Spending by international visitors while visiting a country in Panama, 1995–2024
Source: UN Tourism (2025) – processed by Our World in Data. Measured in current US$.
Analysis
In 2024, spending by international visitors while visiting a country in Panama stood at 9.08 billion current US$. That is the highest value across all 30 years on record.
The figure is up 5.7% on the previous year and up 58.0% over ten years.
Over the whole period, spending by international visitors while visiting a country in Panama peaked at 9.08 billion current US$ in 2024 and was at its lowest, 372.00 million current US$, in 1995.
That places Panama 43rd out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Spending by international visitors while visiting a country in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 372.00 million current US$ | — |
| 1996 | 432.00 million current US$ | +16.1% |
| 1997 | 471.00 million current US$ | +9.0% |
| 1998 | 492.00 million current US$ | +4.5% |
| 1999 | 506.00 million current US$ | +2.8% |
| 2000 | 628.00 million current US$ | +24.1% |
| 2001 | 665.00 million current US$ | +5.9% |
| 2002 | 710.00 million current US$ | +6.8% |
| 2003 | 804.00 million current US$ | +13.2% |
| 2004 | 903.00 million current US$ | +12.3% |
| 2005 | 1.11 billion current US$ | +22.7% |
| 2006 | 1.43 billion current US$ | +28.6% |
| 2007 | 1.81 billion current US$ | +26.7% |
| 2008 | 2.21 billion current US$ | +22.3% |
| 2009 | 2.28 billion current US$ | +3.3% |
| 2010 | 2.62 billion current US$ | +15.0% |
| 2011 | 3.63 billion current US$ | +38.5% |
| 2012 | 4.58 billion current US$ | +26.3% |
| 2013 | 5.42 billion current US$ | +18.2% |
| 2014 | 5.75 billion current US$ | +6.1% |
| 2015 | 5.75 billion current US$ | +0.1% |
| 2016 | 6.28 billion current US$ | +9.2% |
| 2017 | 6.83 billion current US$ | +8.7% |
| 2018 | 7.14 billion current US$ | +4.6% |
| 2019 | 7.05 billion current US$ | -1.2% |
| 2020 | 1.85 billion current US$ | -73.7% |
| 2021 | 3.61 billion current US$ | +94.8% |
| 2022 | 7.38 billion current US$ | +104.4% |
| 2023 | 8.60 billion current US$ | +16.5% |
| 2024 | 9.08 billion current US$ | +5.7% |
Panama compared with similar countries
- Panama's 9.08 billion current US$ is above the median for high income countries, which is 6.08 billion current US$, 1.5× the median. (73 countries reporting)
- Panama's 9.08 billion current US$ is above the median for Latin America & Caribbean, which is 1.05 billion current US$, 8.7× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Spending by international visitors while visiting a country in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +104.4% | 3.61 billion current US$ | 7.38 billion current US$ |
| 2020 | -73.7% | 7.05 billion current US$ | 1.85 billion current US$ |
| 2021 | +94.8% | 1.85 billion current US$ | 3.61 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 454.60 million current US$ | 372.00 million current US$ | 506.00 million current US$ | 5 |
| 2000s | 1.25 billion current US$ | 628.00 million current US$ | 2.28 billion current US$ | 10 |
| 2010s | 5.51 billion current US$ | 2.62 billion current US$ | 7.14 billion current US$ | 10 |
| 2020s | 6.11 billion current US$ | 1.85 billion current US$ | 9.08 billion current US$ | 5 |
Countries ranked near Panama
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 international visitors while visiting a country in Panama?
- Spending by international visitors while visiting a country in Panama was 9.08 billion current US$ in 2024, according to UN Tourism (2025) – processed by Our World in Data.
- What is the highest spending by international visitors while visiting a country recorded in Panama?
- The highest recorded value was 9.08 billion current US$ in 2024.
- What is the lowest spending by international visitors while visiting a country recorded in Panama?
- The lowest recorded value was 372.00 million current US$ in 1995.
- How does Panama rank for spending by international visitors while visiting a country?
- Panama ranks 43rd out of 203 countries with data for 2024.
- Is spending by international visitors while visiting a country rising or falling in Panama?
- Over the last ten years it is up 58.0%. 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 international visitors while visiting a country. 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 received by the destination country from foreign visitors, including spending on accommodation, food, local transport, entertainment, shopping, and fares paid to the country’s own airlines. The data is expressed in current US dollars and is not adjusted for inflation or differences in living costs between countries.