Panama Listed Companies
Number of listed domestic companies CM.MKT.LDOM.NO
Panama's listed companies was 35 in 2025, ranked 59th globally. This represents a 3.3% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Panama's listed companies stood at 35 in 2025, a decline of +1 from 2024. Based on recent trends, this figure is projected to reach 35 by 2025. Panama ranked 59th globally.
Panama's listed companies have undergone significant fluctuations over the past three decades. The country's peak occurred in 2000, with 151 listed companies, a stark contrast to the trough in 1996, when only 18 firms were listed. Since then, Panama has shown a steady increase, albeit with some volatility, with the number of listed companies reaching 34.80 in 2025, ranking it 59th globally. This growth has been mirrored in regional peers such as Malta, which boasts 37 listed companies, yet lags behind Panama's all-time peak. The steady rise in Panama's listed companies is indicative of a maturing market. However, Panama's ranking remains distant from that of Luxembourg, which has a more established market with 27.70 listed companies. A sustained improvement in Panama's business environment and regulatory framework could further propel its listed companies trajectory.
Data & projection
| Year | Listed Companies | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 35 | - | - |
| 2026* trend | 35 | - | - |
| 2025* trend | 35 | - | - |
| 2025 | 35 | −1 | #59 |
| 2024 | 36 | +2 | #15 |
| 2023 | 34 | +1 | #16 |
| 2022 | 33 | −3 | #16 |
| 2021 | 36 | +1 | #17 |
| 2020 | 35 | +3 | #20 |
| 2019 | 32 | +2 | #15 |
| 2018 | 30 | +0 | #14 |
| 2017 | 30 | +0 | #10 |
| 2016 | 30 | +0 | #10 |
| 2015 | 30 | +1 | #12 |
| 2014 | 29 | +9 | #11 |
| 2013 | 20 | +0 | #9 |
| 2012 | 20 | −17 | #9 |
| 2011 | 37 | +3 | #13 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw listed companies improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's listed companies was 35 in 2025. Ranked 59th globally. This represents a 3.3% decrease from the previous year.
Panama's listed companies peaked at 151 in 2000.
The lowest listed companies in Panama was 18 in 1996.
Panama ranks 59th globally in listed companies as of 2025.
The World Bank indicator code is CM.MKT.LDOM.NO. Data sourced from World Bank.
Panama's listed companies is projected to reach 35 by 2025 based on trend extrapolation.
The listed companies of Panama in 2025 was 35. This ranks 59th in the world.
Cite this page
@misc{historysaid_panama_listed-companies,
title = {Panama Listed Companies},
url = {https://historysaid.com/panama/listed-companies/},
publisher = {HistorySaid},
year = {2026}
}