Panama Government Debt: % of GDP

2007 - 2024 | Quarterly | % | CEIC Data

Key information about Panama Government Debt: % of GDP

  • Panama Government debt accounted for 61.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 61.2 % in the previous quarter.
  • Panama government debt to GDP ratio data is updated quarterly, available from Dec 2007 to Sep 2024.
  • The data reached an all-time high of 70.2 % in Mar 2021 and a record low of 34.4 % in Dec 2013.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Economy and Finance provides Government Debt in USD. The National Institute of Statistics and Census provides Nominal GDP in local currency based on SNA 2008. The International Monetary Fund average market exchange rate is used for currency conversions. Nominal GDP prior to Q4 2018 is based on SNA 1993.


Related information about Panama Government Debt: % of GDP

  • In the latest reports, Panama National Government Debt reached 53.8 USD bn in Oct 2024.
  • The country's Nominal GDP reached 18.1 USD bn in Sep 2022.

View Panama's Government Debt: % of GDP from Dec 2007 to Sep 2024 in the chart:

Panama Government Debt: % of GDP

What was Panama's Government Debt: % of GDP in Sep 2024?

Panama Government debt accounted for 61.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 61.2 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
61.6 Sep 2024 61.2 Jun 2024 34.4 Dec 2013 70.2 Mar 2021 % quarterly Dec 2007 - Sep 2024

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 52.6 Sep 2024 quarterly Sep 2010 - Sep 2024
Algeria (%) 48.9 2023 yearly 1997 - 2023
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.9 Sep 2024 quarterly Dec 2013 - Sep 2024
Australia (%) 38.0 2023 yearly 1999 - 2023
Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 90.7 Sep 2024 quarterly Dec 2007 - Sep 2024
Bangladesh (%) 26.4 2024 yearly 2010 - 2024
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.5 Mar 2024 quarterly Dec 1980 - Mar 2024
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
Botswana (%) 17.3 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 77.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Bulgaria (%) 22.1 Jun 2024 quarterly Mar 2007 - Jun 2024
Cambodia (%) 25.3 2022 yearly 2013 - 2022
Canada (%) 68.6 2024 yearly 1962 - 2024
Chile (%) 44.0 Sep 2024 quarterly Mar 2002 - Sep 2024
China (%) 25.1 Sep 2024 quarterly Mar 2014 - Sep 2024
Colombia (%) 62.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Croatia (%) 59.7 Sep 2024 quarterly Dec 1995 - Sep 2024
Cyprus (%) 69.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Czech Republic (%) 43.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Denmark (%) 33.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Ecuador (%) 67.4 Sep 2024 quarterly Dec 2005 - Sep 2024
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 24.0 Sep 2024 quarterly Mar 2000 - Sep 2024
European Union (%) 81.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Finland (%) 81.5 Sep 2024 quarterly Mar 2000 - Sep 2024
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 37.2 Sep 2024 quarterly Mar 2006 - Sep 2024
Germany (%) 62.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Ghana (%) 72.3 2023 yearly 2006 - 2023
Greece (%) 158.2 Sep 2024 quarterly Dec 1999 - Sep 2024
Hong Kong SAR, China (%) 49.1 2024 yearly 2003 - 2024
Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
Iceland (%) 64.2 2023 yearly 1998 - 2023
India (%) 58.3 Sep 2024 quarterly Mar 2012 - Sep 2024
Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Ireland (%) 42.2 Sep 2024 quarterly Mar 2000 - Sep 2024
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 138.3 Sep 2024 quarterly Dec 1995 - Sep 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.4 Sep 2024 quarterly Dec 1994 - Sep 2024
Jordan (%) 91.2 Sep 2024 quarterly Mar 2002 - Sep 2024
Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 67.6 Sep 2024 quarterly Dec 2009 - Sep 2024
South Korea (%) 45.7 Sep 2024 quarterly Sep 2002 - Sep 2024
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 41.7 Sep 2024 quarterly Mar 2011 - Sep 2024
Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Luxembourg (%) 26.6 Sep 2024 quarterly Dec 1997 - Sep 2024
North Macedonia (%) 50.4 Sep 2024 quarterly Dec 2009 - Sep 2024
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Malta (%) 45.3 Sep 2024 quarterly Mar 2000 - Sep 2024
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
Moldova (%) 34.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Morocco (%) 71.5 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
New Zealand (%) 44.3 Sep 2024 quarterly Dec 2006 - Sep 2024
Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 44.5 2023 yearly 1995 - 2023
Oman (%) 37.5 2023 yearly 1990 - 2023
Pakistan (%) 72.3 2023 yearly 2000 - 2023
Palestinian Territory (%) 116.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Panama (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Paraguay (%) 36.6 Sep 2024 quarterly Dec 2014 - Sep 2024
Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 97.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 53.1 Sep 2024 quarterly Dec 2011 - Sep 2024
Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 28.5 Sep 2024 quarterly Dec 2016 - Sep 2024
Serbia (%) 47.4 Sep 2024 quarterly Sep 2004 - Sep 2024
Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Slovenia (%) 66.9 Sep 2024 quarterly Dec 1999 - Sep 2024
South Africa (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
Spain (%) 104.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Sri Lanka (%) 96.9 Sep 2024 quarterly Mar 2014 - Sep 2024
Sweden (%) 32.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 23.3 2028 yearly 1990 - 2028
Taiwan (%) 29.0 2023 yearly 1996 - 2023
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
Tunisia (%) 83.0 2023 yearly 2016 - 2023
Turkey (%) 25.6 Sep 2024 quarterly Dec 2001 - Sep 2024
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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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) 383.621 Nov 2024 monthly Jan 1995 - Nov 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,736.7 Dec 2024 monthly Jul 2004 - Dec 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: Tax (PAB th) 383,621.030 Nov 2024 monthly Jan 1995 - Nov 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 185,808.129 Nov 2024 monthly Jan 1995 - Nov 2024
Central Government Revenue: Current Revenue (PAB th) 473,743.679 Nov 2024 monthly Jan 1995 - Nov 2024
Public Debt: Domestic (USD mn) 9,460.795 Dec 2024 monthly Jul 2004 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -994.3 Nov 2024 monthly Jan 1964 - Nov 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 38.3 Nov 2024 monthly Jan 2001 - Nov 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) 1,063.8 Nov 2024 monthly Jan 2000 - Nov 2024
Total Imports Growth (%) 3.6 Nov 2024 monthly Jan 2001 - Nov 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: Prawn (PAB th) 8,396.849 Nov 2024 monthly Jan 2000 - Nov 2024
Exports: FOB: Banana (PAB th) 16,543.621 Nov 2024 monthly Jan 2000 - Nov 2024
Exports: FOB: Seafood Products (PAB th) 7,133.573 Nov 2024 monthly Jan 2002 - Nov 2024
Exports: FOB (PAB th) 69,486.736 Nov 2024 monthly Jan 2000 - Nov 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 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
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Export Value Index (2015=100) 115.979 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) 44,275.9 Dec 2024 monthly Jul 2004 - Dec 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: Net Errors and Omissions (PAB mn) -2,237.755 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: Goods (PAB mn) -1,502.437 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
BoP: CA: Services (PAB mn) 3,683.629 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: Income (PAB mn) -1,297.490 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: Credit (PAB mn) 2.333 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: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 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: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 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
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 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) 6,280.1 Dec 2024 monthly Oct 1969 - Dec 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.0 Nov 2024 monthly Jan 2000 - Nov 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,402.904 Nov 2024 monthly Dec 1998 - Nov 2024
Total Deposits Growth (%) 3.1 Nov 2024 monthly Dec 1999 - Nov 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) 97,213.172 Nov 2024 monthly Dec 1998 - Nov 2024
Total Loans Growth (%) 8.23 Nov 2024 monthly Dec 1999 - Nov 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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