Services sector value added to GDP in Panama 2023

The value added by the services industry to the gross domestic product in Panama increased by three billion U.S. dollars (+6.39 percent) in 2023 in comparison to the previous year. While the growth is slowing down, with 49.95 billion U.S. dollars, the value added is at its peak in the observed period.
Value added of a sector is the contribution of a sector to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.

Find more statistics on other topics about Panama with key insights such as share of value added by the manufacturing industry to the gross domestic product, value added by the services industry to the gross domestic product, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Panama from 2012 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	49.95
2022	46.94
2021	42.53
2020	38.11
2019	42.57
2018	40.82
2017	39.13
2016	37.18
2015	35.61
2014	34.21
2013	33.2
2012	32.04

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

October 2024

More information

Region

Panama

Survey time period

2012 to 2023

Special properties

Values in constant U.S. dollars based on 2015 prices

Supplementary notes

Data represents the 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 source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

Citation formats