International Tourism, Expenditure (USD) fell 11.2% to USD 1,129 mil in Panama in 2016

International Tourism, Expenditure (USD) (USD mil), 2016
Travel & Hospitality | Panama | March 11, 2019
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Expenditure of international tourism fell 11.2% to USD 1,129 mil in Panama in 2016, according to Eurostat.

Historically, expenditure of international tourism in Panama reached an all time high of USD 1,272 mil in 2015 and an all time low of USD 181 mil in 1995. When compared to Panama's main peers, expenditure of international tourism in Colombia amounted to USD 4,825 mil, USD 1,040 mil in Costa Rica, USD 482 mil in Honduras and USD 310 mil in Nicaragua in 2016.

Panama has been ranked 77th within the group of 160 countries we follow in terms of expenditure of international tourism, 18 places above the position seen 10 years ago.

International Tourism, Expenditure (USD) Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Belize USD mil 51.0 50.0 55.0 53.0 50.0
Brazil USD mil 29,998 20,356 17,068 22,991 22,229
Colombia USD mil 5,299 4,890 4,891 5,136 5,531
Costa Rica USD mil 657 898 1,055 1,322 1,198
El Salvador USD mil 277 332 451 466 490
Guatemala USD mil 1,029 1,020 1,032 1,066 1,105
Honduras USD mil 437 454 482 517 558
Mexico USD mil 12,556 12,668 12,823 13,647 14,074
Nicaragua USD mil 286 273 310 365 349
Panama USD mil 1,147 1,272 1,351 1,132 1,395
Peru USD mil 2,118 2,539 2,700 2,893 3,353
USA USD mil 140,228 144,669 147,640 158,287 176,818
Venezuela USD mil 4,118 3,249 2,920 ... ... ... ...