Current account balance (credit less debit), Net (credits less) in Panama
Panama: Current account balance (credit less debit), Net (credits less) was 1.67 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Panama, 2005–2024
Source: International Monetary Fund.
Analysis
Panama recorded 1.67 billion for current account balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
That represents a change of up 164.8% on the previous year and up 125.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Panama peaked at 1.67 billion in 2024 and was at its lowest, -6.68 billion, in 2014.
That places Panama 51st out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.06 billion | — |
| 2006 | -462.80 million | -56.5% |
| 2007 | -1.18 billion | +154.9% |
| 2008 | -2.29 billion | +93.9% |
| 2009 | -212.30 million | -90.7% |
| 2010 | -3.12 billion | +1370.3% |
| 2011 | -4.52 billion | +44.7% |
| 2012 | -3.74 billion | -17.3% |
| 2013 | -4.08 billion | +9.3% |
| 2014 | -6.68 billion | +63.5% |
| 2015 | -4.85 billion | -27.4% |
| 2016 | -4.51 billion | -7.0% |
| 2017 | -3.75 billion | -16.9% |
| 2018 | -5.31 billion | +41.7% |
| 2019 | -3.59 billion | -32.4% |
| 2020 | 122.86 million | -103.4% |
| 2021 | -832.29 million | -777.5% |
| 2022 | 28.77 million | -103.5% |
| 2023 | -2.58 billion | -9071.5% |
| 2024 | 1.67 billion | -164.8% |
Panama compared with similar countries
- Panama's 1.67 billion is above the median for high income countries, which is 547.38 million, 3.1× the median. (72 countries reporting)
- Panama's 1.67 billion is above the median for Latin America & Caribbean, which is -169.22 million. (37 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | -9071.5% | 28.77 million | -2.58 billion |
| 2010 | -1370.3% | -212.30 million | -3.12 billion |
| 2021 | -777.5% | 122.86 million | -832.29 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.04 billion | -2.29 billion | -212.30 million | 5 |
| 2010s | -4.41 billion | -6.68 billion | -3.12 billion | 10 |
| 2020s | -317.89 million | -2.58 billion | 1.67 billion | 5 |
Countries ranked near Panama
More financial sector data for Panama
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 16.3 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 16.3 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Panama?
- Current account balance (credit less debit), net (credits less debits) in Panama was 1.67 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Panama?
- The highest recorded value was 1.67 billion in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Panama?
- The lowest recorded value was -6.68 billion in 2014.
- How does Panama rank for current account balance (credit less debit), net (credits less debits)?
- Panama ranks 51st out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Panama?
- Over the last ten years it is up 125.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.