Panama Current Account Balance: % of GDP

2007 - 2024 | Quarterly | % | CEIC Data

Key information about Panama Current Account Balance: % of GDP

  • Panama Current Account surplus accounted for 3.9 % of the country's Nominal GDP in Sep 2024, compared with a 2.2 % surplus in the previous quarter.
  • Panama Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2007 to Sep 2024, with an average value of -6.2 %.
  • The data reached an all-time high of 3.9 % in Sep 2024 and a record low of -19.0 % in Sep 2008.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The National Institute of Statistics and Census provides Current Account Balance in local currency based on BPM6 and Nominal GDP in local currency based on SNA 2008. Current Account Balance as % of Nominal GDP prior to Q1 2018 is calculated from Nominal GDP based on SNA 1993. Current Account Balance as % of Nominal GDP prior to Q1 2013 is calculated from Current Account Balance based on BPM5.


Key information about Panama Current Account Balance: % of GDP

  • In the latest reports of Panama, Current Account recorded a surplus of 824.1 USD mn in Sep 2024.
  • Foreign Direct Investment (FDI) increased by 726.8 USD mn in Sep 2024.
  • Panama Direct Investment Abroad expanded by 52.0 USD mn in Sep 2024.
  • Its Foreign Portfolio Investment fell by 361.6 USD mn in Sep 2024.
  • The country's Nominal GDP was reported at 18.1 USD bn in Sep 2022.

View Panama's Current Account Balance: % of GDP from Mar 2007 to Sep 2024 in the chart:

Panama Current Account Balance: % of GDP

What was Panama's Current Account Balance: % of GDP in Sep 2024?

Panama Current Account surplus accounted for 3.9 % of the country's Nominal GDP in Sep 2024, compared with a 2.2 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.9 Sep 2024 2.2 Jun 2024 -19.0 Sep 2008 3.9 Sep 2024 % quarterly Mar 2007 - Sep 2024

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 5.4 Sep 2024 quarterly Mar 2008 - Sep 2024
Algeria (%) -0.4 Mar 2024 quarterly Mar 2007 - Mar 2024
Argentina (%) 0.8 Sep 2024 quarterly Mar 2004 - Sep 2024
Armenia (%) -3.7 Sep 2024 quarterly Dec 1994 - Sep 2024
Australia (%) -2.1 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (%) 1.3 Sep 2024 quarterly Mar 1970 - Sep 2024
Azerbaijan (%) 6.8 Sep 2024 quarterly Mar 2013 - Sep 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) 0.9 2024 yearly 1998 - 2024
Belarus (%) 2.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Belgium (%) -1.1 Sep 2024 quarterly Mar 1995 - Sep 2024
Bolivia (%) 0.7 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) -0.7 Sep 2024 quarterly Mar 2008 - Sep 2024
Botswana (%) -5.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Brazil (%) -3.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) 5.7 Sep 2024 quarterly Sep 1999 - Sep 2024
Cambodia (%) -5.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (%) -0.4 Sep 2024 quarterly Mar 1957 - Sep 2024
Chile (%) -3.9 Sep 2024 quarterly Mar 1996 - Sep 2024
China (%) 3.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (%) -1.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Croatia (%) 19.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Cyprus (%) -0.3 Sep 2024 quarterly Mar 2008 - Sep 2024
Czech Republic (%) -0.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Denmark (%) 15.2 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (%) 4.8 Sep 2024 quarterly Mar 1993 - Sep 2024
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 3.8 Sep 2024 quarterly Mar 1999 - Sep 2024
Finland (%) 3.4 Sep 2024 quarterly Mar 1990 - Sep 2024
France (%) -0.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Georgia (%) 0.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Germany (%) 5.2 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Hong Kong SAR, China (%) 14.9 Sep 2024 quarterly Mar 1999 - Sep 2024
Hungary (%) 1.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Iceland (%) 3.8 Sep 2024 quarterly Mar 1995 - Sep 2024
India (%) -1.2 Sep 2024 quarterly Jun 2004 - Sep 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 16.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (%) 2.9 Sep 2024 quarterly Mar 1995 - Sep 2024
Italy (%) 1.4 Sep 2024 quarterly Mar 1980 - Sep 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -6.1 Sep 2024 quarterly Mar 1992 - Sep 2024
Kazakhstan (%) -2.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.5 Jun 2024 quarterly Mar 2009 - Jun 2024
South Korea (USD mn) 10,230.5 Nov 2024 monthly Jan 1980 - Nov 2024
Kosovo (%) 8.5 Sep 2024 quarterly Mar 2010 - Sep 2024
Kuwait (%) 31.0 Sep 2024 quarterly Mar 2012 - Sep 2024
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -4.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 2.4 Sep 2024 quarterly Mar 1993 - Sep 2024
Luxembourg (%) 10.8 Sep 2024 quarterly Mar 1995 - Sep 2024
Macau SAR, China (%) 31.4 2023 yearly 2002 - 2023
North Macedonia (%) 6.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Malawi (%) -17.0 2023 yearly 1977 - 2023
Malaysia (%) 0.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Malta (%) 7.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (%) -6.8 Jun 2024 quarterly Mar 2007 - Jun 2024
Mexico (%) 0.2 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (%) -17.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Mongolia (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Montenegro (%) -23.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) -3.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 9.5 Sep 2024 quarterly Mar 1987 - Sep 2024
New Zealand (%) -5.8 Sep 2024 quarterly Jun 1987 - Sep 2024
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 18.1 Sep 2024 quarterly Mar 1981 - Sep 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.5 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 3.9 Sep 2024 quarterly Mar 2007 - Sep 2024
Paraguay (%) -3.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Peru (%) 2.5 Sep 2024 quarterly Mar 1990 - Sep 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 4.7 Sep 2024 quarterly Mar 1996 - Sep 2024
Qatar (%) 20.5 Jun 2024 quarterly Mar 2011 - Jun 2024
Romania (%) -9.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (%) 1.4 Sep 2024 quarterly Mar 1994 - Sep 2024
Saudi Arabia (%) -3.3 Sep 2024 quarterly Mar 2006 - Sep 2024
Serbia (%) -10.3 Sep 2024 quarterly Mar 2007 - Sep 2024
Singapore (%) 18.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Slovakia (%) -2.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Slovenia (%) 6.6 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) -1.0 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (%) 4.0 Sep 2024 quarterly Mar 1980 - Sep 2024
Sri Lanka (%) 1.2 Sep 2024 quarterly Mar 2002 - Sep 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 6.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Switzerland (%) 3.0 Sep 2024 quarterly Mar 1983 - Sep 2024

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 376.798 Oct 2024 monthly Jan 1995 - Oct 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,873.6 Nov 2024 monthly Jul 2004 - Nov 2024
Government Debt: % of GDP (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue (PAB th) 509,360.329 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 376,797.799 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 150,376.752 Oct 2024 monthly Jan 1995 - Oct 2024
Public Debt: Domestic (USD mn) 9,827.461 Nov 2024 monthly Jul 2004 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -71.9 Oct 2024 monthly Jan 2001 - Oct 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 329,464.345 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 10,079.101 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,349.5 Oct 2024 monthly Jan 2000 - Oct 2024
Total Imports Growth (%) 8.2 Oct 2024 monthly Jan 2001 - Oct 2024
Imports: Medicament (USD th) 1,071,085.390 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 333,744.579 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 33.249 Sep 2024 monthly Jan 1970 - Sep 2024
Total Imports from USA (USD mn) 204.656 Sep 2024 monthly Jan 1967 - Sep 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 225.157 Sep 2024 monthly Mar 1989 - Sep 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 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) 52.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Current Account Balance (USD mn) 824.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance: % of GDP (%) 3.9 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Direct Investment (USD mn) 726.8 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment: % of GDP (%) 3.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -1.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
External Debt (USD mn) 44,046.2 Nov 2024 monthly Jul 2004 - Nov 2024
External Debt: % of GDP (%) 167.4 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 (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -78,418.321 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Debit (PAB mn) -5,833.509 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 824.140 Sep 2024 quarterly Mar 2013 - Sep 2024
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
Foreign Direct Investment (FDI) (PAB mn) 726.814 Sep 2024 quarterly Mar 2013 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Oct 2024 monthly Dec 2008 - Oct 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,559.690 Oct 2024 monthly Dec 2008 - Oct 2024
Money Supply M1 (USD mn) 8,471.220 Sep 2024 monthly Dec 2002 - Sep 2024
Money Supply M2 (USD mn) 41,589.720 Sep 2024 monthly Dec 2002 - Sep 2024
M2 Growth (%) 9.8 Sep 2024 monthly Dec 2003 - Sep 2024
Foreign Exchange Reserves (USD mn) 5,684.4 Oct 2024 monthly Oct 1969 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2000 - Oct 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,351.873 Sep 2024 monthly Dec 1998 - Sep 2024
Total Deposits Growth (%) 6.8 Sep 2024 monthly Dec 1999 - Sep 2024
Domestic Credit (USD mn) 64,183.2 Nov 2024 monthly Dec 2001 - Nov 2024
Domestic Credit Growth (%) 5.3 Nov 2024 monthly Dec 2002 - Nov 2024
Household Debt (USD mn) 32,710.8 Oct 2024 monthly Oct 2005 - Oct 2024
Total Loans (USD mn) 96,404.929 Sep 2024 monthly Dec 1998 - Sep 2024
Total Loans Growth (%) 8.77 Sep 2024 monthly Dec 1999 - Sep 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 41,589.720 Sep 2024 monthly Dec 2002 - Sep 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,071.440 Nov 2024 monthly Dec 2002 - Nov 2024

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