Secondary income balance (credit less debit), Net (credits less) in Panama
Panama: Secondary income balance (credit less debit), Net (credits less) was -178.73 million in 2024. ◆ Volatile
Secondary income balance (credit less debit), Net (credits less) in Panama, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in Panama stood at -178.73 million.
The figure is down 25.4% on the previous year and down 246.3% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Panama peaked at 635.90 million in 2007 and was at its lowest, -207.22 million, in 2019.
That places Panama 150th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income balance (credit less debit), Net (credits less) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 241.70 million | — |
| 2006 | 280.10 million | +15.9% |
| 2007 | 635.90 million | +127.0% |
| 2008 | 532.30 million | -16.3% |
| 2009 | 126.30 million | -76.3% |
| 2010 | 137.70 million | +9.0% |
| 2011 | 127.20 million | -7.6% |
| 2012 | 83.80 million | -34.1% |
| 2013 | 56.00 million | -33.2% |
| 2014 | 122.20 million | +118.2% |
| 2015 | -106.00 million | -186.7% |
| 2016 | -104.06 million | -1.8% |
| 2017 | -124.38 million | +19.5% |
| 2018 | -205.74 million | +65.4% |
| 2019 | -207.22 million | +0.7% |
| 2020 | -30.51 million | -85.3% |
| 2021 | 183.59 million | -701.7% |
| 2022 | -44.50 million | -124.2% |
| 2023 | -142.52 million | +220.3% |
| 2024 | -178.73 million | +25.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 363.26 million | 126.30 million | 635.90 million | 5 |
| 2010s | -22.05 million | -207.22 million | 137.70 million | 10 |
| 2020s | -42.53 million | -178.73 million | 183.59 million | 5 |
Countries ranked near Panama
More financial sector data for Panama
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -14.42 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0456 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 901.59 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -13.31 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 996.91 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -13.31 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 996.91 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -13.31 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 996.91 SDR per person (2025)
- Total reserves in months of imports, annual growth rate -13.03 % change on previous year (2025)
Frequently asked questions
- What is secondary income balance (credit less debit), net (credits less) in Panama?
- Secondary income balance (credit less debit), net (credits less) in Panama was -178.73 million in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Panama?
- The highest recorded value was 635.90 million in 2007.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Panama?
- The lowest recorded value was -207.22 million in 2019.
- How does Panama rank for secondary income balance (credit less debit), net (credits less)?
- Panama ranks 150th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Panama?
- Over the last ten years it is down 246.3%. 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 Secondary income 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.