Key Market Indicators
Panama's passenger transport revenue is projected to hit approximately $3.54 billion by 2028, up from around $2.92 billion in 2023. This represents an average annual growth rate of 3%. Since the year 2000, the Panamanian market has consistently expanded at a similar pace of 3% year on year. In 2023, Panama held the ninth position in global rankings, with Austria surpassing it by a narrow margin. Qatar, Ireland, and Russia took the second, third, and fourth spots respectively in the same ranking.
