Services sector's value added to GDP per worker Panama

The value added by the services industry to the gross domestic product in Panama increased by 1,461.4 U.S. dollars per worker (+4.15 percent) in 2022. With 36,690.68 U.S. dollars per worker, the value added thereby reached its highest value in the observed period.
Value added per worker is a widely used method to measure labor productivity. It is calculated by dividing value added of a sector by the number of employed in the sector. Value added means the value of the gross output of producers less the value of intermediate goods and services consumer in production.

Find more statistics on other topics about Panama with key insights such as value added by the services industry to the gross domestic product, national gross income per capita, and value added to gross domestic product by the manufacturing sector.

Value added by the services industry to the gross domestic product (GDP) per worker in Panama from 2013 to 2022 (in U.S. dollars)

Characteristic	Value in U.S. dollars
2022	36,690.68
2021	35,229.33
2020	34,112.32
2019	32,794.72
2018	32,677.16
2017	32,759.46
2016	31,697.4
2015	30,819.38
2014	31,341.85
2013	31,109.72

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Release date

October 2024

More information

Region

Panama

Survey time period

2013 to 2022

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, 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.

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