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Panama: Services
Country Study > Chapter 3 > The Economy > Services


Panama's services sector dwarfed agriculture and industry, and its share of GDP was growing in the late 1980s. In 1965 services accounted for about 63 percent of GDP; by 1985 that share had risen to about 73 percent. In the latter year, transportation contributed 25.3 percent of GDP, followed by financial services (14 percent), government services (13.2 percent), wholesale and retail trade (12.3 percent), and other services (8.1 percent).

Data as of December 1987

Last Updated: December 1987

Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Panama was first published in 1987. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on

Panama Main Page Country Studies Main Page

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