Panama Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Panama's trade openness was 94.32% in 2025, ranked 84th globally. This represents a 12.7% increase from 2024. Data from World Bank, covering 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.
Panama's trade openness has been subject to significant fluctuations over the past six and a half decades. At its peak in 1997, the country's trade openness reached an all-time high of 174.71, indicating a highly integrated economy with substantial trade relative to its GDP. Conversely, the COVID-19 pandemic led to a significant contraction, with trade openness plummeting to 68.70 in 2020. Following a gradual recovery, Panama's trade openness stands at 94.31 in 2025, ranking 84th globally. This value is comparable to that of Puerto Rico, which has a trade openness of 95.10. Notably, Panama's trade openness has been steadily increasing since its trough in 2020, suggesting a return to its pre-pandemic trajectory. However, the ongoing global economic uncertainty and potential shifts in international trade policies may alter this trend, and a significant increase in trade protectionism or regional economic integration could potentially impact Panama's trade openness in the future.
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 |
Detected Pattern
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
Panama's trade openness was 94.32% in 2025. Ranked 84th globally. This represents a 12.7% increase from the previous year.
Panama's trade openness peaked at 174.71% in 1997.
The lowest trade openness in Panama was 68.70% in 2020.
Panama ranks 84th globally in trade openness as of 2025.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
Panama's trade openness is projected to reach 94.32% by 2025 based on trend extrapolation.
The trade openness of Panama in 2025 was 94.32%. This ranks 84th in the world.
Cite this page
@misc{historysaid_panama_trade-openness,
title = {Panama Trade Openness},
url = {https://historysaid.com/panama/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}