Exports of services as a part of balance of payment rose 2.79% to USD 18.3 bil in Panama in 2024, according to the National Statistical Office.
Historically, exports of services as a part of balance of payment in Panama reached an all time high of USD 18.3 bil in 2024 and an all time low of USD 0.401 bil in 1977. When compared to Panama's main peers, exports of services as a part of balance of payment in Colombia amounted to USD 17.8 bil, USD 16.1 bil in Costa Rica, USD 3.68 bil in Honduras and USD 1.30 bil in Nicaragua in 2024.
Panama has been ranked 47th within the group of 103 countries we follow in terms of exports of services as a part of balance of payment, 6 places above the position seen 10 years ago.
| Exports of Services (BoP, USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Belize | USD bil | 0.620 | 0.677 | 0.426 | 0.621 | 0.851 | ||||||||||||||||
| Brazil | USD bil | 34.0 | 33.0 | 27.5 | 31.5 | 40.3 | ||||||||||||||||
| Colombia | USD bil | 10.7 | 10.7 | 5.91 | 8.18 | 14.0 | ||||||||||||||||
| Costa Rica | USD bil | 9.75 | 10.9 | 7.91 | 8.78 | 12.7 | ||||||||||||||||
| El Salvador | USD bil | 2.83 | 3.31 | 2.20 | 3.10 | 4.32 | ||||||||||||||||
| Guatemala | USD bil | 3.71 | 3.68 | 2.59 | 2.88 | 3.89 | ||||||||||||||||
| Honduras | USD bil | 2.82 | 2.98 | 1.98 | 2.84 | 3.36 | ||||||||||||||||
| Mexico | USD bil | 40.2 | 44.2 | 28.5 | 42.4 | 52.2 | ||||||||||||||||
| Nicaragua | USD bil | 1.36 | 1.37 | 0.946 | 1.04 | 1.56 | ||||||||||||||||
| Panama | USD bil | 13.5 | 13.8 | 8.20 | 10.7 | 15.3 | ||||||||||||||||
| Peru | USD bil | 6.38 | 6.70 | 2.73 | 2.95 | 5.05 | ||||||||||||||||
| USA | USD bil | 866 | 891 | 726 | 805 | 949 | ||||||||||||||||
| Venezuela | USD bil | ... | ... | ... | ... | ... | ... | ... | ... |
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