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Panama Trade Openness

Trade as % of GDP  NE.TRD.GNFS.ZS

94.32% +10.64% (+12.7%)
Year 2025 Rank #84 Global Peak 174.71% (1997) Source World Bank

Panama Trade Openness (1960–2025)

Overview

Panama's trade openness stood at 94.32% in 2025, a rise of +10.64% from 2024. Based on recent trends, this figure is projected to reach 94.32% by 2025. Panama ranked 84th globally.

Data & projection

Year Trade Openness YoY change Rank
2027* trend 101.95% - -
2026* trend 98.13% - -
2025* trend 94.32% - -
2025 94.32% +10.64% #84
2024 83.67% −4.68% #82
2023 88.35% −5.13% #91
2022 93.48% +13.34% #101
2021 80.13% +11.43% #98
2020 68.70% −11.73% #86
2019 80.43% −5.70% #92
2018 86.13% +2.08% #99
2017 84.05% −0.35% #100
2016 84.40% −12.18% #101
2015 96.58% −18.39% #123
2014 114.97% −18.10% #140
2013 133.07% −20.14% #150
2012 153.21% −5.00% #159
2011 158.21% +12.76% #164
Show all years (1960-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.9% GDP growth 2.9% C/A balance 0.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw trade openness improve within 24 months. View full analysis →

Frequently Asked Questions

What is Panama's trade openness?

Panama's trade openness was 94.32% in 2025. Ranked 84th globally. This represents a 12.7% increase from the previous year.

What was the highest trade openness in Panama?

Panama's trade openness peaked at 174.71% in 1997.

What was the lowest trade openness in Panama?

The lowest trade openness in Panama was 68.70% in 2020.

How does Panama rank in trade openness?

Panama ranks 84th globally in trade openness as of 2025.

What is the World Bank indicator code for trade openness?

The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.

What is the projected trade openness of Panama in 2025?

Panama's trade openness is projected to reach 94.32% by 2025 based on trend extrapolation.

What is the trade openness of Panama in 2025?

The trade openness of Panama in 2025 was 94.32%. This ranks 84th in the world.

Cite this page

APA
Panama Trade Openness. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/panama/trade-openness
BibTeX
@misc{historysaid_panama_trade-openness, title = {Panama Trade Openness}, url = {https://historysaid.com/panama/trade-openness}, publisher = {HistorySaid}, year = {2026} }