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% |
Panama compared with similar countries
- Panama's -178.73 million is above the median for high income countries, which is -347.77 million, 51% of the median. (72 countries reporting)
- Panama's -178.73 million is below the median for Latin America & Caribbean, which is 194.18 million. (37 countries reporting)
Biggest year-on-year movements
Years where Secondary income 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 |
|---|---|---|---|
| 2021 | +701.7% | -30.51 million | 183.59 million |
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
- 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 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.