Panama: Share of manufacturing

* indicates monthly or quarterly data series
 Panama

Value added by the manufacturing sector as percent of GDP

 Latest value 4.68
 Year 2023
 Measure percent
 Data availability 1970 - 2023
 Average 12.31
 Min - Max 4.68 - 21.29
 Source The World Bank
The latest value from 2023 is 4.68 percent, a decline from 4.97 percent in 2022. In comparison, the world average is 12.87 percent, based on data from 127 countries. Historically, the average for Panama from 1970 to 2023 is 12.31 percent. The minimum value, 4.68 percent, was reached in 2023 while the maximum of 21.29 percent was recorded in 1975. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Panama - Share of manufacturing - Recent values chart

Historical series
Panama - Share of manufacturing - historical chart - 1970-2023




The importance of manufacturing in the economy of Panama and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest Reference Measure
 Share of industry 27.14 2023 percent
 Share of manufacturing 4.68 2023 percent
 Share of services 67.88 2023 percent
 Industry value added 22.63 2023 billion U.S. dollars
 Manufacturing value added 3.90 2023 billion U.S. dollars
 Services value added 56.60 2023 billion U.S. dollars
 Savings, percent of GDP 37.15 2022 percent
 Savings, in dollars 28.43 2022 billion U.S. dollars
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