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

Latest (2024)
9.08 billion current US$
Change on year
up 5.7%
World rank
43rd
of 203 countries
All-time high
9.08 billion current US$
in 2024
All-time low
372.00 million current US$
in 1995
Years of data
30
1995–2024

Spending by international visitors while visiting a country in Panama, 1995–2024

02.0B4.0B6.0B8.0B10.0B1995200920241995: 372.0M current US$1996: 432.0M current US$1997: 471.0M current US$1998: 492.0M current US$1999: 506.0M current US$2000: 628.0M current US$2001: 665.0M current US$2002: 710.0M current US$2003: 804.0M current US$2004: 903.0M current US$2005: 1.1B current US$2006: 1.4B current US$2007: 1.8B current US$2008: 2.2B current US$2009: 2.3B current US$2010: 2.6B current US$2011: 3.6B current US$2012: 4.6B current US$2013: 5.4B current US$2014: 5.7B current US$2015: 5.8B current US$2016: 6.3B current US$2017: 6.8B current US$2018: 7.1B current US$2019: 7.1B current US$2020: 1.9B current US$2021: 3.6B current US$2022: 7.4B current US$2023: 8.6B current US$2024: 9.1B current US$

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 40 Colombia 10.12 billion current US$ compare
  2. 41 Czechia 9.91 billion current US$ compare
  3. 42 New Zealand 9.57 billion current US$ compare
  4. 44 Norway 8.95 billion current US$ compare
  5. 45 Jordan 8.63 billion current US$ compare
  6. 46 Russia 8.58 billion current US$ compare

See the full ranking of 203 places →

More reference data data for Panama

All data for Panama →

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

Indicator
Spending by international visitors while visiting a country
Unit
current US$
Source
UN Tourism (2025) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
203 places, 4,579 data points, 1995–2024
Last refreshed

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.