Panama Total Trade of Goods & Services: % of Nominal GDP
Key information about Panama Total Trade of Goods and Services: % of Nominal GDP
- Panama Total Trade of Goods & Services: % of Nominal GDP recorded 89.533 % in Dec 2023, compared with 93.687 % in the previous year.
- Panama Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 1960 to Dec 2023, with an averaged value of 118.232 %.
- The data reached an all-time high of 166.699 % in Dec 2008 and a record low of 68.700 % in Dec 2020.
CEIC calculates annual Total Trade of Goods and Services as % of Nominal GDP from annual Total Trade of Goods and Services and annual Nominal GDP. The National Institute of Statistics and Census provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 2008. Total Trade of Goods and Services as % of Nominal GDP prior to 2018 is calculated from Nominal GDP Nominal GDP prior to 2018 based on previous benchmark year. Prior to 2007, it is calculated from Nominal GDP and Total Trade of Goods and Services both sourced from the World Bank.
View Panama's Total Trade of Goods & Services: % of Nominal GDP from 1960 to 2023 in the chart:
What was Panama's Total Trade of Goods & Services: % of Nominal GDP in 2023?
Panama Total Trade of Goods & Services: % of Nominal GDP recorded 89.533 % in Dec 2023, compared with 93.687 % in the previous year. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
89.533 2023 | 93.687 2022 | 68.700 2020 | 166.699 2008 | % | yearly | 1960 - 2023 |
Total Trade of Goods & Services: % of Nominal GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 92.104 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
Algeria (%) | 46.195 2023 | yearly | 1950 - 2023 |
Argentina (%) | 27.984 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Armenia (%) | 119.409 Dec 2024 | quarterly | Dec 1994 - Dec 2024 |
Australia (%) | 45.490 Dec 2024 | quarterly | Sep 1959 - Dec 2024 |
Austria (%) | 105.766 Dec 2024 | quarterly | Mar 1964 - Dec 2024 |
Azerbaijan (%) | 84.153 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
Bahrain (%) | 157.448 2023 | yearly | 1975 - 2023 |
Bangladesh (%) | 26.778 2024 | yearly | 1960 - 2024 |
Belarus (%) | 123.719 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Belgium (%) | 148.555 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
Bolivia (%) | 52.742 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Bosnia and Herzegovina (%) | 93.919 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
Botswana (%) | 61.138 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
Brazil (%) | 35.968 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
Brunei (%) | 120.680 Dec 2024 | quarterly | Mar 2004 - Dec 2024 |
Bulgaria (%) | 96.694 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Cambodia (%) | 145.874 2022 | yearly | 1988 - 2022 |
Canada (%) | 64.366 Dec 2024 | quarterly | Mar 1961 - Dec 2024 |
Chile (%) | 65.558 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
China (%) | 38.987 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
Colombia (%) | 38.739 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
Croatia (%) | 98.691 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Cyprus (%) | 216.747 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Czech Republic (%) | 132.234 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Denmark (%) | 127.313 Dec 2024 | quarterly | Mar 1977 - Dec 2024 |
Ecuador (%) | 58.326 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Egypt (%) | 47.197 Sep 2024 | quarterly | Sep 2001 - Sep 2024 |
Estonia (%) | 148.998 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
European Union (%) | 94.646 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Finland (%) | 81.979 Dec 2024 | quarterly | Mar 1970 - Dec 2024 |
France (%) | 65.787 Dec 2024 | quarterly | Mar 1975 - Dec 2024 |
Georgia (%) | 109.812 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Germany (%) | 79.391 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
Ghana (%) | 69.353 2024 | yearly | 2006 - 2024 |
Greece (%) | 82.741 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Hong Kong SAR, China (%) | 362.468 Dec 2024 | quarterly | Mar 1973 - Dec 2024 |
Hungary (%) | 133.541 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Iceland (%) | 86.148 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
India (%) | 44.984 Dec 2024 | quarterly | Jun 1996 - Dec 2024 |
Indonesia (%) | 44.639 Dec 2024 | quarterly | Mar 1993 - Dec 2024 |
Iran (%) | 51.598 2022 | yearly | 1959 - 2022 |
Ireland (%) | 256.404 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Israel (%) | 54.629 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Italy (%) | 60.339 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
Ivory Coast (%) | 47.669 2023 | yearly | 1960 - 2023 |
Japan (%) | 45.393 Dec 2024 | quarterly | Mar 1955 - Dec 2024 |
Jordan (%) | 80.489 2021 | yearly | 1967 - 2021 |
Kazakhstan (%) | 43.521 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Kenya (%) | 32.092 2023 | yearly | 1964 - 2023 |
South Korea (%) | 85.733 Dec 2024 | quarterly | Mar 1960 - Dec 2024 |
Kosovo (%) | 133.643 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Kuwait (%) | 90.919 2022 | yearly | 1962 - 2022 |
Kyrgyzstan (%) | 98.747 Sep 2016 | quarterly | Mar 2000 - Sep 2016 |
Laos (%) | 75.092 2016 | yearly | 1984 - 2016 |
Latvia (%) | 124.724 Dec 2024 | quarterly | Mar 1992 - Dec 2024 |
Lebanon (%) | 87.417 2020 | yearly | 1990 - 2020 |
Lithuania (%) | 132.771 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Luxembourg (%) | 399.556 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Macau SAR, China (%) | 133.441 Dec 2024 | quarterly | Mar 1998 - Dec 2024 |
North Macedonia (%) | 130.510 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
Malawi (%) | 46.122 2019 | yearly | 1960 - 2019 |
Malaysia (%) | 135.631 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
Malta (%) | 237.255 Dec 2024 | quarterly | Mar 1992 - Dec 2024 |
Mauritius (%) | 102.861 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Mexico (%) | 77.152 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Moldova (%) | 89.263 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Mongolia (%) | 129.917 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
Montenegro (%) | 106.772 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
Morocco (%) | 95.013 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
Mozambique (%) | 105.628 2023 | yearly | 1991 - 2022 |
Myanmar (%) | 49.145 2019 | yearly | 2019 - 2019 |
Nepal (%) | 41.638 2024 | yearly | 1969 - 2024 |
Netherlands (%) | 154.465 Dec 2024 | quarterly | Mar 1987 - Dec 2024 |
New Zealand (%) | 50.085 Sep 2024 | quarterly | Jun 1987 - Sep 2024 |
Nigeria (%) | 63.899 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Norway (%) | 81.306 Dec 2024 | quarterly | Mar 1978 - Dec 2024 |
Oman (%) | 105.916 2023 | yearly | 1980 - 2023 |
Pakistan (%) | 27.478 2024 | yearly | 2000 - 2024 |
Palestinian Territory (%) | 87.303 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
Panama (%) | 89.533 2023 | yearly | 1960 - 2023 |
Paraguay (%) | 83.160 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
Peru (%) | 52.472 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
Philippines (%) | 57.212 Dec 2024 | quarterly | Mar 1981 - Dec 2024 |
Poland (%) | 94.138 Dec 2024 | quarterly | Mar 2002 - Dec 2024 |
Portugal (%) | 87.802 Dec 2024 | quarterly | Mar 1977 - Dec 2024 |
Qatar (%) | 100.333 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Romania (%) | 67.454 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Russia (%) | 39.834 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Saudi Arabia (%) | 62.755 Dec 2024 | quarterly | Mar 2003 - Dec 2024 |
Serbia (%) | 106.888 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
Singapore (%) | 326.104 Dec 2024 | quarterly | Mar 1975 - Dec 2024 |
Slovakia (%) | 175.964 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
Slovenia (%) | 153.522 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
South Africa (%) | 62.120 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Spain (%) | 70.680 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Sri Lanka (%) | 44.832 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Sudan (%) | 41.636 2019 | yearly | 1996 - 2019 |
Sweden (%) | 103.615 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
Switzerland (%) | 137.287 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
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Learn more about what we doPanama Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -7.4 2024 | yearly | 2003 - 2024 |
Consolidated Fiscal Balance (USD mn) | -6,416.100 2024 | yearly | 2003 - 2024 |
Tax Revenue (USD mn) | 693.973 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
Tax Revenue: % of GDP (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
National Government Debt (USD mn) | 53,655.2 Jan 2025 | monthly | Jul 2004 - Jan 2025 |
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: Direct: Total (PAB th) | 487,361.403 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
Central Government Revenue: Current Revenue (PAB th) | 2,942,813.523 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
Central Government Revenue: Current Revenue: Tax (PAB th) | 693,972.524 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
Public Debt: Domestic (USD mn) | 9,460.795 Jan 2025 | monthly | Jul 2004 - Jan 2025 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -1,059.7 Dec 2024 | monthly | Jan 1964 - Dec 2024 |
Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
Total Exports Growth (%) | 20.8 Dec 2024 | monthly | Jan 2001 - Dec 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) | 1,144.1 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Total Imports Growth (%) | -1.9 Dec 2024 | monthly | Jan 2001 - Dec 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) | 13.974 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
Total Imports from USA (USD mn) | 172.879 Nov 2024 | monthly | Jan 1967 - Nov 2024 |
Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
Total Imports from China (USD mn) | 166.517 Nov 2024 | monthly | Mar 1989 - Nov 2024 |
Exports: FOB: Prawn (PAB th) | 11,096.530 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Exports: FOB: Banana (PAB th) | 19,938.525 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Exports: FOB: Seafood Products (PAB th) | 7,601.984 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
Exports: FOB (PAB th) | 84,431.775 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Exports: FOB: Asia: Rest of Asia: China (PAB th) | 1,072,958.000 2021 | yearly | 1999 - 2021 |
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 |
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) | 44,194.4 Jan 2025 | monthly | Jul 2004 - Jan 2025 |
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: Credit (PAB mn) | 4,331.072 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: CA: Goods: Debit (PAB mn) | -5,833.509 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: Income: Debit (PAB mn) | -2,297.497 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: Goods (PAB mn) | -1,502.437 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: Financial Account (FA) (PAB mn) | 1,446.866 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: Capital Account: Debit (PAB mn) | 0.000 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: Capital Account (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: CA: Services (PAB mn) | 3,683.629 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: CA: Income: Credit (PAB mn) | 1,000.008 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: Financing: Reserve Assets (PAB mn) | -5.330 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: CA: Income (PAB mn) | -1,297.490 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: Services: Credit (PAB mn) | 5,032.566 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
BoP: Capital Account: Credit (PAB mn) | 2.333 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: 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 (%) | 1.5 Dec 2024 | monthly | Dec 2008 - Dec 2024 |
Household Debt: % of GDP (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Non-Performing Loans (USD mn) | 1,468.720 Dec 2024 | monthly | Dec 2008 - Dec 2024 |
Money Supply M1 (USD mn) | 9,218.690 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
Money Supply M2 (USD mn) | 43,274.380 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
M2 Growth (%) | 9.5 Dec 2024 | monthly | Dec 2003 - Dec 2024 |
Foreign Exchange Reserves (USD mn) | 5,610.8 Jan 2025 | monthly | Oct 1969 - Jan 2025 |
Foreign Exchange Reserves: % of GDP (%) | 5.697 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 5.5 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
Total Deposits (USD mn) | 110,484.526 Dec 2024 | monthly | Dec 1998 - Dec 2024 |
Total Deposits Growth (%) | 5.1 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
Domestic Credit (USD mn) | 63,585.5 Dec 2024 | monthly | Dec 2001 - Dec 2024 |
Domestic Credit Growth (%) | 4.9 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
Household Debt (USD mn) | 32,866.2 Dec 2024 | monthly | Oct 2005 - Dec 2024 |
Total Loans (USD mn) | 97,419.720 Dec 2024 | monthly | Dec 1998 - Dec 2024 |
Total Loans Growth (%) | 8.86 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
Private Debt: % of Nominal GDP (%) | 69.77 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Money Supply: M3 (PAB mn) | 43,274.380 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,113.420 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
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