Current account balance (credit less debit), Percent of GDP in Panama
Panama: Current account balance (credit less debit), Percent of GDP was -2.5 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Panama, 1980–2031
Source: International Monetary Fund.
Analysis
Panama recorded -2.5 for current account balance (credit less debit), percent of gdp in 2031.
Compared with earlier readings it is down 105.9% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Panama peaked at 15 in 1988 and was at its lowest, -12.98, in 2014.
Panama ranks 24th of 35 countries on this measure, 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), Percent of GDP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -8.74 | — |
| 1981 | -12.57 | +43.8% |
| 1982 | -4.13 | -67.2% |
| 1983 | 4.12 | -199.7% |
| 1984 | -4.02 | -197.5% |
| 1985 | 1.41 | -135.1% |
| 1986 | -1.79 | -226.7% |
| 1987 | 9.8 | -648.6% |
| 1988 | 15 | +53.1% |
| 1989 | 2.31 | -84.6% |
| 1990 | 3.99 | +72.5% |
| 1991 | -4.18 | -204.9% |
| 1992 | -4.03 | -3.6% |
| 1993 | -1.34 | -66.8% |
| 1994 | 0.2084 | -115.6% |
| 1995 | -6.03 | -2995.3% |
| 1996 | -2.18 | -63.8% |
| 1997 | -5.04 | +131.0% |
| 1998 | -9.1 | +80.7% |
| 1999 | -9.98 | +9.6% |
| 2000 | -5.84 | -41.5% |
| 2001 | -1.56 | -73.3% |
| 2002 | -0.8835 | -43.3% |
| 2003 | -4.23 | +378.6% |
| 2004 | -6.92 | +63.7% |
| 2005 | -6.4 | -7.5% |
| 2006 | -2.48 | -61.3% |
| 2007 | -5.43 | +119.0% |
| 2008 | -8.89 | +63.7% |
| 2009 | -0.7639 | -91.4% |
| 2010 | -10.33 | +1251.6% |
| 2011 | -12.66 | +22.6% |
| 2012 | -8.98 | -29.1% |
| 2013 | -8.7 | -3.1% |
| 2014 | -12.98 | +49.3% |
| 2015 | -8.69 | -33.0% |
| 2016 | -7.54 | -13.2% |
| 2017 | -5.82 | -22.8% |
| 2018 | -7.88 | +35.4% |
| 2019 | -5.14 | -34.7% |
| 2020 | 0.2153 | -104.2% |
| 2021 | -1.21 | -663.8% |
| 2022 | 0.0376 | -103.1% |
| 2023 | -3.08 | -8286.7% |
| 2024 | 0.6567 | -121.3% |
| 2025 | 0.3 | -54.3% |
| 2026 | -1.5 | -600.0% |
| 2027 | -2.5 | +66.7% |
| 2028 | -2.5 | -0.0% |
| 2029 | -2.5 | -0.0% |
| 2030 | -2.5 | -0.0% |
| 2031 | -2.5 | -0.0% |
Panama compared with similar countries
- Panama's -2.5 is below the median for Latin America & Caribbean, which is -1.31, 1.9× the median. (33 countries reporting)
- Panama's -2.5 is below the median for high income countries, which is -2.41, 1.0× the median. (13 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP 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 | -8286.7% | 0.0376 | -3.08 |
| 1995 | -2995.3% | 0.2084 | -6.03 |
| 2010 | -1251.6% | -0.7639 | -10.33 |
| 2021 | -663.8% | 0.2153 | -1.21 |
| 1987 | +648.6% | -1.79 | 9.8 |
| 2026 | -600.0% | 0.3 | -1.5 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1387 | -12.57 | 15 | 10 |
| 1990s | -3.77 | -9.98 | 3.99 | 10 |
| 2000s | -4.34 | -8.89 | -0.7639 | 10 |
| 2010s | -8.87 | -12.98 | -5.14 | 10 |
| 2020s | -1.21 | -3.08 | 0.6567 | 10 |
| 2030s | -2.5 | -2.5 | -2.5 | 2 |
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), percent of gdp in Panama?
- Current account balance (credit less debit), percent of gdp in Panama was -2.5 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Panama?
- The highest recorded value was 15 in 1988.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Panama?
- The lowest recorded value was -12.98 in 2014.
- How does Panama rank for current account balance (credit less debit), percent of gdp?
- Panama ranks 24th out of 35 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Panama?
- Over the last ten years it is down 105.9%. 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), Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.