Bananas — Gross Production Value in Panama
Panama: Bananas — Gross Production Value was 89,556 1000 USD in 2024. ◆ Volatile
Bananas — Gross Production Value in Panama, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
Panama recorded 89,556 1000 USD for bananas — gross production value in 2024.
The figure is up 34.8% on the previous year and up 106.8% over ten years.
Over the whole period, bananas — gross production value in Panama peaked at 135,864 1000 USD in 2019 and was at its lowest, 17,569 1000 USD, in 2005.
Panama ranks 36th of 82 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bananas — Gross Production Value in Panama, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1991 | 59,526 1000 USD | — |
| 1992 | 62,595 1000 USD | +5.2% |
| 1993 | 56,736 1000 USD | -9.4% |
| 1994 | 66,545 1000 USD | +17.3% |
| 1995 | 51,852 1000 USD | -22.1% |
| 1996 | 61,193 1000 USD | +18.0% |
| 1997 | 58,334 1000 USD | -4.7% |
| 1998 | 44,945 1000 USD | -23.0% |
| 1999 | 62,077 1000 USD | +38.1% |
| 2000 | 48,209 1000 USD | -22.3% |
| 2001 | 38,348 1000 USD | -20.5% |
| 2002 | 23,476 1000 USD | -38.8% |
| 2003 | 29,521 1000 USD | +25.7% |
| 2004 | 29,825 1000 USD | +1.0% |
| 2005 | 17,569 1000 USD | -41.1% |
| 2006 | 20,476 1000 USD | +16.5% |
| 2007 | 18,536 1000 USD | -9.5% |
| 2008 | 32,870 1000 USD | +77.3% |
| 2009 | 18,270 1000 USD | -44.4% |
| 2010 | 18,944 1000 USD | +3.7% |
| 2011 | 37,131 1000 USD | +96.0% |
| 2012 | 43,415 1000 USD | +16.9% |
| 2013 | 35,547 1000 USD | -18.1% |
| 2014 | 43,305 1000 USD | +21.8% |
| 2015 | 45,715 1000 USD | +5.6% |
| 2016 | 28,947 1000 USD | -36.7% |
| 2017 | 41,876 1000 USD | +44.7% |
| 2018 | 131,986 1000 USD | +215.2% |
| 2019 | 135,864 1000 USD | +2.9% |
| 2020 | 43,039 1000 USD | -68.3% |
| 2021 | 37,514 1000 USD | -12.8% |
| 2022 | 49,214 1000 USD | +31.2% |
| 2023 | 66,432 1000 USD | +35.0% |
| 2024 | 89,556 1000 USD | +34.8% |
Panama compared with similar countries
- Panama's 89,556 1000 USD is above the median for high income countries, which is 11,353 1000 USD, 7.9× the median. (18 countries reporting)
- Panama's 89,556 1000 USD is above the median for Latin America & Caribbean, which is 46,985 1000 USD, 1.9× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 58,200 1000 USD | 44,945 1000 USD | 66,545 1000 USD | 9 |
| 2000s | 27,710 1000 USD | 17,569 1000 USD | 48,209 1000 USD | 10 |
| 2010s | 56,273 1000 USD | 18,944 1000 USD | 135,864 1000 USD | 10 |
| 2020s | 57,151 1000 USD | 37,514 1000 USD | 89,556 1000 USD | 5 |
Countries ranked near Panama
More agriculture & rural data for Panama
- Agriculture, forestry, and fishing, value added (current US$), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0262 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 518.14 current US$ per person (2025)
- Rural population, annual growth rate 0.7724 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.3385 units per person (2025)
- Share of GDP from agriculture 2.6% (2025)
- Agriculture as a share of GDP vs. GDP per capita 2.6% (2025)
- Agricultural raw materials exports 4.7% (2024)
- Agricultural raw materials imports 0.4% (2024)
Frequently asked questions
- What is bananas — gross production value in Panama?
- Bananas — gross production value in Panama was 89,556 1000 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest bananas — gross production value recorded in Panama?
- The highest recorded value was 135,864 1000 USD in 2019.
- What is the lowest bananas — gross production value recorded in Panama?
- The lowest recorded value was 17,569 1000 USD in 2005.
- How does Panama rank for bananas — gross production value?
- Panama ranks 36th out of 82 countries with data for 2024.
- Is bananas — gross production value rising or falling in Panama?
- Over the last ten years it is up 106.8%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Bananas — Gross Production Value (current thousand US$). Statizoid updates them automatically from the source API.
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About this data
The domain provides detailed data on the value of agricultural production that is calculated by the agricultural production data and the price data at farm gate. Thus, the value of production measures the agricultural production in monetary terms at the farm gate level.