Goods balance (credit less debit), Net (credits less debits) (US) in Panama
Panama: Goods balance (credit less debit), Net (credits less debits) (US) was -6.03 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Panama, 2005–2024
Source: International Monetary Fund.
Analysis
Panama recorded -6.03 billion for goods balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 39.0% on the previous year and up 32.5% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Panama peaked at -1.56 billion in 2005 and was at its lowest, -9.89 billion, in 2023.
Panama ranks 157th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.56 billion | — |
| 2006 | -1.72 billion | +10.1% |
| 2007 | -3.17 billion | +84.4% |
| 2008 | -4.18 billion | +32.0% |
| 2009 | -2.23 billion | -46.6% |
| 2010 | -4.58 billion | +105.2% |
| 2011 | -6.59 billion | +44.0% |
| 2012 | -6.64 billion | +0.7% |
| 2013 | -6.89 billion | +3.8% |
| 2014 | -8.94 billion | +29.8% |
| 2015 | -8.33 billion | -6.8% |
| 2016 | -7.76 billion | -6.9% |
| 2017 | -8.47 billion | +9.1% |
| 2018 | -9.21 billion | +8.7% |
| 2019 | -7.61 billion | -17.4% |
| 2020 | -2.80 billion | -63.2% |
| 2021 | -3.41 billion | +21.7% |
| 2022 | -6.70 billion | +96.6% |
| 2023 | -9.89 billion | +47.5% |
| 2024 | -6.03 billion | -39.0% |
Panama compared with similar countries
- Panama's -6.03 billion is below the median for high income countries, which is -810.36 million, 7.4× the median. (72 countries reporting)
- Panama's -6.03 billion is below the median for Latin America & Caribbean, which is -820.85 million, 7.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.57 billion | -4.18 billion | -1.56 billion | 5 |
| 2010s | -7.50 billion | -9.21 billion | -4.58 billion | 10 |
| 2020s | -5.77 billion | -9.89 billion | -2.80 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 goods balance (credit less debit), net (credits less debits) in Panama?
- Goods balance (credit less debit), net (credits less debits) in Panama was -6.03 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Panama?
- The highest recorded value was -1.56 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Panama?
- The lowest recorded value was -9.89 billion in 2023.
- How does Panama rank for goods balance (credit less debit), net (credits less debits)?
- Panama ranks 157th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Panama?
- Over the last ten years it is up 32.5%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.