Panama PA: GDP: % of GDP: Gross Value Added: Services

1970 - 2017 | Yearly | % | World Bank

Panama PA: GDP: % of GDP: Gross Value Added: Services data was reported at 65.231 % in 2017. This records a decrease from the previous number of 65.314 % for 2016. Panama PA: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 66.991 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 73.448 % in 2007 and a record low of 59.794 % in 1970. Panama PA: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Panama – Table PA.World Bank: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

View Panama's Panama PA: GDP: % of GDP: Gross Value Added: Services from 1970 to 2017 in the chart:

Panama Panama PA: GDP: % of GDP: Gross Value Added: Services

What was Panama's Panama PA: GDP: % of GDP: Gross Value Added: Services in 2017?

Last Previous Min Max Unit Frequency Range
65.23 2017 65.31 2016 59.79 1970 73.45 2007 % yearly 1970 - 2017

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Panama Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 47,426.990 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 21,973.697 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 5.000 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 2.0 Sep 2022 quarterly Mar 2008 - Sep 2022
GDP per Capita (USD) 14,339.427 2016 yearly 1950 - 2016
Gross Fixed Capital Formation (USD mn) 26,894.290 2023 yearly 1996 - 2023
Gross National Product (GNP) (USD mn) 80,057.283 2023 yearly 1960 - 2023
Gross Savings Rate (%) 41.1 2023 yearly 1960 - 2023
Investment: % of GDP (%) 37.7 2023 yearly 1996 - 2023
Nominal GDP (USD mn) 18,056.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Nominal GDP Growth (%) 3.631 Jun 2024 quarterly Mar 2008 - Jun 2024
Private Consumption Expenditure (USD mn) 37,153.342 2022 yearly 1969 - 2022
Private Consumption: % of GDP (%) 48.7 2022 yearly 1996 - 2022
Public Consumption Expenditure (USD mn) 10,154.666 2023 yearly 1950 - 2023
Public Consumption: % of GDP (%) 13.7 2021 yearly 1996 - 2021
Real GDP Growth (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 89.533 2023 yearly 1960 - 2023
Production Last Frequency Range
Gold Production (kg) 4,400.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) 0.8 Dec 2021 monthly Jan 2004 - Dec 2021
Minerals Production (Metric Ton) 373,271.000 2022 yearly 2009 - 2022
Silver Production (Metric Ton) 78.419 2021 yearly 1993 - 2021
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Government Debt: % of GDP (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 2024
National Government Debt (USD mn) 52,374.4 Sep 2024 monthly Jul 2004 - Sep 2024
Tax Revenue (USD mn) 324.482 Aug 2024 monthly Jan 1995 - Aug 2024
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue: % of GDP (%) 6.7 Jun 2024 quarterly Mar 2007 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 1,063,250.000 Aug 2017 monthly Mar 2008 - Aug 2017
Forecast: Population (Person mn) 4.734 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 7.700 2029 yearly 1980 - 2029
Labour Force Participation Rate (%) 62.4 2023 yearly 2003 - 2023
Labour Productivity Growth (%) 4.33 2023 yearly 1992 - 2023
Monthly Earnings (USD) 1,288 2023 yearly 1970 - 2023
Population (Person mn) 4.5 2024 yearly 1950 - 2024
Unemployment Rate (%) 7.40 2023 yearly 2003 - 2023
Domestic Trade and Household Survey Last Frequency Range
Motor Vehicle Sales: Commercial Cars (Unit) 7,851.000 2019 yearly 2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit) 39,049.000 2019 yearly 2005 - 2019
Motor Vehicles Sales (Unit) 4,056 Sep 2024 monthly Jan 2005 - Sep 2024
Motor Vehicles Sales Growth (%) -3.1 Sep 2024 monthly Jan 2006 - Sep 2024

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