Panama Visitor Arrivals Growth

2006 - 2025 | Monthly | % | CEIC Data

Key information about Panama Visitor Arrivals

  • Panama Visitor Arrivals grew 18.5 % in Oct 2025, compared with an increase of 9.3 % in the previous month
  • Panama Visitor Arrivals Growth rate data is updated monthly, available from Jan 2006 to Oct 2025
  • The data reached an all-time high of 507.5 % in Dec 2022 and a record low of -100.0 % in Sep 2020
CEIC calculates Tourist Arrivals Growth from monthly Tourist Arrivals. The National Institute of Statistics and Census provides Tourist Arrivals.

Further information about Panama Visitor Arrivals

  • In the latest reports, Panama Visitor Arrivals recorded 184,687.0 person in the month of Oct 2025
  • Tourism Revenue of Panama reached 1.8 USD bn in Dec 2020, a decrease of 72.7 % change from the previous year

View Panama's Visitor Arrivals Growth from Jan 2006 to Oct 2025 in the chart:

Panama Visitor Arrivals Growth

What was Panama's Visitor Arrivals Growth in Oct 2025?

Panama Visitor Arrivals grew 18.5 % in Oct 2025, compared with an increase of 9.3 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
18.5 Oct 2025 9.3 Sep 2025 -100.0 Sep 2020 507.5 Dec 2022 % monthly Jan 2006 - Oct 2025

Visitor Arrivals Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.2 Sep 2025 quarterly Mar 2006 - Sep 2025
Algeria (%) 25.6 2016 yearly 2004 - 2016
Argentina (%) -9.1 Sep 2025 quarterly Mar 2017 - Sep 2025
Armenia (%) -4.7 2024 yearly 1996 - 2024
Australia (%) 19.5 Nov 2025 monthly Jan 1977 - Nov 2025
Austria (%) 10.2 Nov 2025 monthly Jan 1975 - Nov 2025
Azerbaijan (%) -74.9 2020 yearly 1996 - 2020
Bahrain (%) -82.7 2020 yearly 1996 - 2020
Bangladesh (%) -5.5 2024 yearly 1982 - 2024
Belarus (%) -69.6 2020 yearly 2001 - 2020
Belgium (%) 3.9 2024 yearly 1993 - 2024
Bolivia (%) -73.9 2020 yearly 1996 - 2020
Bosnia and Herzegovina (%) -5.2 Nov 2025 monthly Jan 2008 - Nov 2025
Botswana (%) 3.1 2018 yearly 1996 - 2018
Brazil (%) 12.7 2024 yearly 1990 - 2024
Brunei (%) -75.9 2020 yearly 1996 - 2020
Bulgaria (%) 2.9 Nov 2025 monthly Jan 2003 - Nov 2025
Cambodia (%) 12.8 May 2019 monthly Jan 1999 - May 2019
Canada (%) 1.4 Sep 2025 monthly Jan 1973 - Sep 2025
Chile (%) -60.7 Mar 2020 monthly Jul 2017 - Mar 2020
China (%) 9.6 Feb 2016 monthly Jan 2001 - Feb 2016
Colombia (%) -16.7 Nov 2025 monthly Jan 2008 - Nov 2025
Croatia (%) 5.1 Sep 2025 monthly Nov 2000 - Sep 2025
Cyprus (%) 18.0 Dec 2025 monthly Jan 2003 - Dec 2025
Czech Republic (%) 2.6 2019 yearly 2004 - 2019
Denmark (%) -52.9 2020 yearly 2004 - 2020
Ecuador (%) -9.3 2024 yearly 1998 - 2024
Egypt (%) 123.9 2022 yearly 1983 - 2022
Estonia (%) 11.1 2024 yearly 1997 - 2024
European Union (%) 6.7 2024 yearly 2009 - 2024
Finland (%) 11.0 Nov 2025 monthly Jan 1996 - Nov 2025
France (%) -46.2 2020 yearly 2005 - 2020
Georgia (%) -80.4 2020 yearly 1996 - 2020
Germany (%) 5.3 Oct 2025 monthly Jan 1993 - Oct 2025
Greece (%) 9.7 Nov 2025 monthly Jan 2006 - Nov 2025
Hong Kong SAR, China (%) 3.4 Dec 2025 monthly Mar 2007 - Dec 2025
Hungary (%) 3.1 Jun 2025 quarterly Mar 2005 - Jun 2025
Iceland (%) -77.8 2020 yearly 1996 - 2020
India (%) -10.3 Sep 2025 monthly Mar 1988 - Sep 2025
Indonesia (%) 9.8 Nov 2025 monthly Jan 1980 - Nov 2025
Iran (%) -83.0 2020 yearly 1996 - 2020
Ireland (%) 5.3 2024 yearly 2024 - 2024
Israel (%) 82.9 Dec 2025 monthly Jan 2004 - Dec 2025
Italy (%) 8.9 2024 yearly 1991 - 2024
Ivory Coast (%) -67.7 2020 yearly 1996 - 2020
Japan (%) 3.7 Dec 2025 monthly Jan 1963 - Dec 2025
Jordan (%) -5.7 2024 yearly 2003 - 2024
Kazakhstan (%) -76.1 2020 yearly 1997 - 2020
Kenya (%) 15.6 2024 yearly 1992 - 2024
South Korea (%) 17.4 Nov 2025 monthly Jan 1976 - Nov 2025
Kosovo (%) 21.7 Sep 2025 quarterly Mar 2017 - Sep 2025
Kuwait (%) 52.9 Dec 2023 monthly Jan 1998 - Dec 2023
Kyrgyzstan (%) 1.1 2024 yearly 1999 - 2024
Laos (%) 10.8 Dec 2024 monthly Jan 2007 - Dec 2024
Latvia (%) 3.7 Sep 2025 quarterly Mar 2003 - Sep 2025
Lebanon (%) -19.1 2024 yearly 1997 - 2024
Lithuania (%) -9.0 2024 yearly 1996 - 2024
Luxembourg (%) 29.5 2024 yearly 1981 - 2024
Macau SAR, China (%) 1.7 Oct 2025 monthly Jan 2009 - Oct 2025
North Macedonia (%) 7.2 Oct 2025 monthly Jan 1996 - Oct 2025
Malawi (%) 4.1 2018 yearly 1996 - 2018
Malaysia (%) 12.0 Nov 2025 monthly Jan 1990 - Nov 2025
Malta (%) 15.9 Nov 2025 monthly Jan 2002 - Nov 2025
Mauritius (%) 4.7 Nov 2025 monthly Jan 1999 - Nov 2025
Mexico (%) 5.6 Nov 2025 monthly Jan 1981 - Nov 2025
Moldova (%) 55.1 2024 yearly 1993 - 2024
Mongolia (%) 22.5 2024 yearly 1996 - 2024
Montenegro (%) -17.9 Nov 2025 monthly Jan 2011 - Nov 2025
Morocco (%) 90.8 Apr 2023 monthly Jan 2006 - Apr 2023
Myanmar (%) -41.0 Feb 2025 monthly Jan 2006 - Feb 2025
Nepal (%) 6.7 Dec 2025 monthly Jan 1992 - Dec 2025
Netherlands (%) 5.2 Nov 2025 monthly Jan 2013 - Nov 2025
New Zealand (%) 10.2 Oct 2025 monthly Apr 1979 - Oct 2025
Nigeria (%) -12.5 2016 yearly 1996 - 2016
Norway (%) -76.2 2020 yearly 1996 - 2020
Oman (%) -75.2 2020 yearly 2002 - 2020
Panama (%) 18.5 Oct 2025 monthly Jan 2006 - Oct 2025
Paraguay (%) 15.0 Dec 2023 monthly Jan 2000 - Dec 2023
Peru (%) 2.1 Dec 2025 monthly Jan 2003 - Dec 2025
Philippines (%) -1.5 Oct 2025 monthly Jan 1989 - Oct 2025
Poland (%) 3.9 2024 yearly 1996 - 2024
Portugal (%) -75.7 2020 yearly 1996 - 2020
Qatar (%) 21.3 2024 yearly 2010 - 2024
Romania (%) -20.1 Dec 2024 monthly Jan 2005 - Dec 2024
Russia (%) 10.3 2024 yearly 1996 - 2024
Saudi Arabia (%) 12.5 Sep 2015 monthly Jan 2005 - Sep 2015
Serbia (%) -7.8 Nov 2025 monthly Feb 2006 - Nov 2025
Singapore (%) 4.8 Nov 2025 monthly Jan 2009 - Nov 2025
Slovakia (%) 3.9 2024 yearly 1999 - 2024
Slovenia (%) -3.1 Nov 2025 monthly Jan 1998 - Nov 2025
South Africa (%) 0.6 2024 yearly 1976 - 2024
Spain (%) 2.1 Nov 2025 monthly Jan 1996 - Nov 2025
Sri Lanka (%) 4.2 Dec 2025 monthly Jan 1980 - Dec 2025
Sudan (%) 55.6 2021 yearly 1991 - 2021
Sweden (%) -74.3 2020 yearly 1996 - 2020
Switzerland (%) -0.1 Nov 2025 monthly Jan 1997 - Nov 2025
Syria (%) 34.5 2019 yearly 1996 - 2019
Taiwan, China (%) 8.6 Nov 2025 monthly Jan 1984 - Nov 2025
Tajikistan (%) 140.1 2018 yearly 1997 - 2018
Thailand (%) -7.1 Dec 2025 monthly Jan 1982 - Dec 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 443.232 Nov 2025 monthly Jan 1995 - Nov 2025
Tax Revenue: % of GDP (%) 6.6 Sep 2025 quarterly Mar 2007 - Sep 2025
National Government Debt (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 219,865.927 Nov 2025 monthly Jan 1995 - Nov 2025
Central Government Revenue: Current Revenue: Tax (PAB th) 443,231.781 Nov 2025 monthly Jan 1995 - Nov 2025
Central Government Revenue: Current Revenue (PAB th) 574,666.447 Nov 2025 monthly Jan 1995 - Nov 2025
Public Debt: Domestic (USD mn) 10,668.532 Dec 2025 monthly Jul 2004 - Dec 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -972.5 Nov 2025 monthly Jan 1964 - Nov 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 1.3 Nov 2025 monthly Jan 2001 - Nov 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,042.9 Nov 2025 monthly Jan 2000 - Nov 2025
Total Imports Growth (%) -2.0 Nov 2025 monthly Jan 2001 - Nov 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 32.781 Sep 2025 monthly Jan 1970 - Sep 2025
Total Imports from USA (USD mn) 246.281 Sep 2025 monthly Jan 1967 - Sep 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 192.320 Sep 2025 monthly Mar 1989 - Sep 2025
Exports: FOB: Banana (PAB th) 2,293.212 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: Prawn (PAB th) 12,896.144 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: Seafood Products (PAB th) 4,864.801 Nov 2025 monthly Jan 2002 - Nov 2025
Exports: FOB (PAB th) 70,409.644 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 128.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Current Account Balance (USD mn) -502.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Current Account Balance: % of GDP (%) -2.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Direct Investment (USD mn) 676.4 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Direct Investment: % of GDP (%) 3.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
External Debt (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
External Debt: % of GDP (%) 169.8 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -75,811.580 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: Net Errors and Omissions (PAB mn) -1,228.288 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods (PAB mn) -3,116.496 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Credit (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Credit (PAB mn) 4,179.957 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Direct Investment (PAB mn) 548.322 Sep 2025 quarterly Mar 2013 - Sep 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) -502.946 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Credit (PAB mn) 5,634.327 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Credit (PAB mn) 1,103.205 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Debit (PAB mn) -7,296.453 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) -2,194.910 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financial Account (FA) (PAB mn) 1,301.970 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financing: Reserve Assets (PAB mn) 466.385 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income (PAB mn) -1,457.621 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Debit (PAB mn) -1,502.052 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Debit (PAB mn) -2,560.827 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services (PAB mn) 4,132.275 Sep 2025 quarterly Mar 2013 - Sep 2025
International Investment Position (IIP) (USD mn) -75,811.580 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Assets (USD mn) 117,266.585 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Liabilities (USD mn) 193,078.165 Sep 2025 quarterly Mar 2015 - Sep 2025
Foreign Direct Investment (FDI) (PAB mn) 676.356 Sep 2025 quarterly Mar 2013 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2025 monthly Dec 2008 - Nov 2025
Household Debt: % of GDP (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Non-Performing Loans (USD mn) 1,598.833 Nov 2025 monthly Dec 2008 - Nov 2025
Money Supply M1 (USD mn) 9,066.270 Nov 2025 monthly Dec 2002 - Nov 2025
Money Supply M2 (USD mn) 45,730.080 Nov 2025 monthly Dec 2002 - Nov 2025
M2 Growth (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Foreign Exchange Reserves (USD mn) 5,644.2 Dec 2025 monthly Oct 1969 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 4.178 Sep 2025 quarterly Dec 2007 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 5.2 Nov 2025 monthly Jan 2000 - Nov 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,131.706 Nov 2025 monthly Dec 1998 - Nov 2025
Total Deposits Growth (%) 7.2 Nov 2025 monthly Dec 1999 - Nov 2025
Domestic Credit (USD mn) 64,958.0 Nov 2025 monthly Dec 2001 - Nov 2025
Domestic Credit Growth (%) 1.2 Nov 2025 monthly Dec 2002 - Nov 2025
Household Debt (USD mn) 33,969.4 Nov 2025 monthly Oct 2005 - Nov 2025
Total Loans (USD mn) 102,722.968 Nov 2025 monthly Dec 1998 - Nov 2025
Total Loans Growth (%) 5.67 Nov 2025 monthly Dec 1999 - Nov 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,730.080 Nov 2025 monthly Dec 2002 - Nov 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,458.796 Nov 2025 monthly Dec 2002 - Nov 2025

More Indicators for Panama

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