Key Market Indicators
Panama's air transport sector is projected to see a rise in activity, with departures expected to hit approximately 125,600 by 2028. This marks an increase from around 114,600 departures in 2023, reflecting an annual growth rate of 1.5%. Historical data since 1975 indicates a modest yearly increase of 0.5% in Panamanian air traffic demand. Despite this steady growth, Panama was ranked 44th globally in 2023 in terms of air transport departures. In the same year, Egypt surpassed Panama with an equal number of departures at 114,600. Leading the global ranks, China, India, and Canada secured the 2nd, 3rd, and 4th positions, respectively.