Panama Tourism Receipts
International tourism receipts ST.INT.RCPT.CD
Panama's tourism receipts was $1.8B in 2020, ranked 41st globally. This represents a 73.9% decrease from 2019. Data from World Bank, covering 1995–2020.
Overview
Panama's tourism receipts stood at $1.8B in 2020, a decline of +$5.2B from 2019. Panama ranked 41st globally.
Panama's tourism receipts have experienced significant growth over the past two and a half decades, with 2020 figures reaching $1,841,000,000.00, placing the country 41st globally. This growth is particularly evident when comparing the all-time peak of $7,139,000,000.00 in 2018 to the all-time trough of $372,000,000.00 in 1995, a year that marks the beginning of the period under observation. In comparison, Colombia's tourism receipts in 2020 were slightly higher at $1,959,000,000.00, while Bulgaria's figure was $1,792,000,000.00. The substantial increase in tourism receipts is likely driven by Panama's strategic location and the expansion of its canal, which has attracted more visitors to the country. However, the ongoing COVID-19 pandemic may impact this trend, and a significant recovery in the global tourism industry would be necessary to return to the pre-pandemic trajectory.
Data & projection
| Year | Tourism Receipts | YoY change | Rank |
|---|---|---|---|
| 2020 | $1.8B | −$5.2B | #41 |
| 2019 | $7.1B | −$87.0M | #39 |
| 2018 | $7.1B | +$312.0M | #44 |
| 2017 | $6.8B | +$544.0M | #43 |
| 2016 | $6.3B | +$529.0M | #44 |
| 2015 | $5.8B | +$5.0M | #46 |
| 2014 | $5.7B | +$330.0M | #43 |
| 2013 | $5.4B | +$834.0M | #45 |
| 2012 | $4.6B | +$955.0M | #48 |
| 2011 | $3.6B | +$1.0B | #49 |
| 2010 | $2.6B | +$341.0M | #54 |
| 2009 | $2.3B | +$72.0M | #57 |
| 2008 | $2.2B | +$402.0M | #61 |
| 2007 | $1.8B | +$381.0M | #66 |
| 2006 | $1.4B | +$317.0M | #66 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw tourism receipts improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's tourism receipts was $1.8B in 2020. Ranked 41st globally. This represents a 73.9% decrease from the previous year.
Panama's tourism receipts peaked at $7.1B in 2018.
The lowest tourism receipts in Panama was $372.0M in 1995.
Panama ranks 41st globally in tourism receipts as of 2020.
The World Bank indicator code is ST.INT.RCPT.CD. Data sourced from World Bank.
Panama's tourism receipts was approximately 1.84 billion ($1.8B) in 2020.
The tourism receipts of Panama in 2020 was $1.8B. This ranks 41st in the world.
Cite this page
@misc{historysaid_panama_tourism-receipts,
title = {Panama Tourism Receipts},
url = {https://historysaid.com/panama/tourism-receipts/},
publisher = {HistorySaid},
year = {2026}
}