Services balance (credit less debit), Net (credits less debits) in Panama
Panama: Services balance (credit less debit), Net (credits less debits) was 12.52 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Panama, 2005–2024
Source: International Monetary Fund.
Analysis
Panama recorded 12.52 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 5.5% on the previous year and up 92.7% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Panama peaked at 12.52 billion in 2024 and was at its lowest, 1.42 billion, in 2005.
Panama ranks 21st of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.69 billion | 1.42 billion | 3.71 billion | 5 |
| 2010s | 6.62 billion | 4.01 billion | 8.66 billion | 10 |
| 2020s | 9.15 billion | 5.02 billion | 12.52 billion | 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 901.56 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -13.31 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 996.88 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 996.88 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 996.88 SDR per person (2025)
- Total reserves (gold at national valuation) 4.56 billion SDR (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Panama?
- Services balance (credit less debit), net (credits less debits) in Panama was 12.52 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Panama?
- The highest recorded value was 12.52 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Panama?
- The lowest recorded value was 1.42 billion in 2005.
- How does Panama rank for services balance (credit less debit), net (credits less debits)?
- Panama ranks 21st out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Panama?
- Over the last ten years it is up 92.7%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Monetary Fund, published as part of Services 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.