Panama Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Panama's remittances received was $577.1M in 2025, ranked 113th globally. This represents a 8.6% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Panama's remittances received stood at $577.1M in 2025, a rise of +$45.5M from 2024. Based on recent trends, this figure is projected to reach $577.1M by 2025. Panama ranked 113th globally.
Panama's remittances received have exhibited significant fluctuations over the past five decades, with a marked increase in the country's reliance on foreign earnings. Starting from a modest $103.7 million in 1977, remittances have grown steadily, reaching an all-time peak of $756.4 billion in 2014, a testament to the country's strategic position as a trade hub and gateway to the Americas. In contrast, the 2000 trough of $16.4 million highlights the vulnerability of Panama's economy to global economic downturns. As of 2025, Panama ranks #113 globally, with remittances reaching $577.1 billion, a level still below its 2014 peak but significantly higher than the 2000 trough. Notably, French Polynesia, a peer country, has surpassed Panama's current remittance levels. The trajectory of remittances in Panama is likely to remain influenced by global economic conditions, particularly the performance of the US and Latin American economies, which are critical to the country's trade and investment flows.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $624.9M | - | - |
| 2026* trend | $601.0M | - | - |
| 2025* trend | $577.1M | - | - |
| 2025 | $577.1M | +$45.5M | #113 |
| 2024 | $531.6M | +$15.9M | #69 |
| 2023 | $515.7M | −$10.7M | #70 |
| 2022 | $526.4M | −$40.3M | #74 |
| 2021 | $566.7M | +$180.2M | #78 |
| 2020 | $386.5M | −$194.3M | #69 |
| 2019 | $580.9M | +$43.0M | #85 |
| 2018 | $537.9M | +$4.5M | #81 |
| 2017 | $533.4M | +$30.8M | #81 |
| 2016 | $502.5M | −$51.7M | #82 |
| 2015 | $554.2M | −$202.2M | #87 |
| 2014 | $756.4M | +$295.0M | #93 |
| 2013 | $461.4M | +$50.5M | #77 |
| 2012 | $410.9M | +$42.7M | #76 |
| 2011 | $368.2M | −$41.8M | #74 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's remittances received was $577.1M in 2025. Ranked 113th globally. This represents a 8.6% increase from the previous year.
Panama's remittances received peaked at $756.4M in 2014.
The lowest remittances received in Panama was $16.4M in 2000.
Panama ranks 113th globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Panama's remittances received is projected to reach $577.1M by 2025 based on trend extrapolation.
Panama's remittances received was approximately 577.11 million ($577.1M) in 2025.
The remittances received of Panama in 2025 was $577.1M. This ranks 113th in the world.
Cite this page
@misc{historysaid_panama_remittances,
title = {Panama Remittances Received},
url = {https://historysaid.com/panama/remittances/},
publisher = {HistorySaid},
year = {2026}
}