Agricultural sector's share of GDP in Panama 2023

The share of value added by the agriculture, forestry and fishing sector to the gross domestic product in Panama decreased to 2.44 percent compared to the previous year. This was the first time during the observed period that the share declined in Panama. Notably, the share is continuously decreasing over the last years.
The value added by agriculture, forestry, and fishing refers to the net output of the sector. It is calculated as the gross output, which is the gross revenue of production, minus the intermediate inputs, which is the value of goods and services consumed in the production process. Activities included in this sector are crop cultivation, forestry, hunting, fishing, and livestock production.

Find more key insights for the share of value added by the agriculture, forestry and fishing sector to the gross domestic product in countries like Guatemala and El Salvador.

Share of value added by the agricultural sector to the gross domestic product (GDP) in Panama from 2014 to 2023

Characteristic	Share of GDP
2023	2.44%
2022	2.62%
2021	2.66%
2020	2.95%
2019	2.36%
2018	2.37%
2017	2.38%
2016	2.6%
2015	2.79%
2014	2.85%

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Release date

October 2024

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Region

Panama

Survey time period

2014 to 2023

Supplementary notes

Data represents the share of value added by the agricultural sector, which includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production.
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.

Figures have been rounded.

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