Spending by international visitors while visiting a country in Panama
Panama: Spending by international visitors while visiting a country was 9.08 billion in 2024. ◆ Volatile
Spending by international visitors while visiting a country in Panama, 1995–2024
Source: Our World in Data.
Analysis
In 2024, spending by international visitors while visiting a country in Panama stood at 9.08 billion. 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 in 2024 and was at its lowest, 372.00 million, 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 | Value | Change |
|---|---|---|
| 1995 | 372.00 million | — |
| 1996 | 432.00 million | +16.1% |
| 1997 | 471.00 million | +9.0% |
| 1998 | 492.00 million | +4.5% |
| 1999 | 506.00 million | +2.8% |
| 2000 | 628.00 million | +24.1% |
| 2001 | 665.00 million | +5.9% |
| 2002 | 710.00 million | +6.8% |
| 2003 | 804.00 million | +13.2% |
| 2004 | 903.00 million | +12.3% |
| 2005 | 1.11 billion | +22.7% |
| 2006 | 1.43 billion | +28.6% |
| 2007 | 1.81 billion | +26.7% |
| 2008 | 2.21 billion | +22.3% |
| 2009 | 2.28 billion | +3.3% |
| 2010 | 2.62 billion | +15.0% |
| 2011 | 3.63 billion | +38.5% |
| 2012 | 4.58 billion | +26.3% |
| 2013 | 5.42 billion | +18.2% |
| 2014 | 5.75 billion | +6.1% |
| 2015 | 5.75 billion | +0.1% |
| 2016 | 6.28 billion | +9.2% |
| 2017 | 6.83 billion | +8.7% |
| 2018 | 7.14 billion | +4.6% |
| 2019 | 7.05 billion | -1.2% |
| 2020 | 1.85 billion | -73.7% |
| 2021 | 3.61 billion | +94.8% |
| 2022 | 7.38 billion | +104.4% |
| 2023 | 8.60 billion | +16.5% |
| 2024 | 9.08 billion | +5.7% |
Panama compared with similar countries
- Panama's 9.08 billion is above the median for high income countries, which is 6.08 billion, 1.5× the median. (73 countries reporting)
- Panama's 9.08 billion is above the median for Latin America & Caribbean, which is 1.05 billion, 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 | 7.38 billion |
| 2020 | -73.7% | 7.05 billion | 1.85 billion |
| 2021 | +94.8% | 1.85 billion | 3.61 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 454.60 million | 372.00 million | 506.00 million | 5 |
| 2000s | 1.25 billion | 628.00 million | 2.28 billion | 10 |
| 2010s | 5.51 billion | 2.62 billion | 7.14 billion | 10 |
| 2020s | 6.11 billion | 1.85 billion | 9.08 billion | 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 in 2024, according to 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 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 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 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).