Services balance (credit less debit), Net (credits less debits) (US) in Panama
Panama: Services balance (credit less debit), Net (credits less debits) (US) 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.
Services balance (credit less debit), Net (credits less debits) (US) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.42 billion | — |
| 2006 | 2.27 billion | +60.1% |
| 2007 | 2.87 billion | +26.0% |
| 2008 | 3.19 billion | +11.5% |
| 2009 | 3.71 billion | +16.3% |
| 2010 | 4.01 billion | +7.9% |
| 2011 | 4.31 billion | +7.5% |
| 2012 | 5.56 billion | +29.1% |
| 2013 | 5.66 billion | +1.8% |
| 2014 | 6.50 billion | +14.8% |
| 2015 | 7.04 billion | +8.4% |
| 2016 | 7.49 billion | +6.4% |
| 2017 | 8.66 billion | +15.6% |
| 2018 | 8.34 billion | -3.7% |
| 2019 | 8.65 billion | +3.8% |
| 2020 | 5.02 billion | -42.0% |
| 2021 | 6.56 billion | +30.7% |
| 2022 | 9.77 billion | +49.0% |
| 2023 | 11.86 billion | +21.4% |
| 2024 | 12.52 billion | +5.5% |
Panama compared with similar countries
- Panama's 12.52 billion is above the median for high income countries, which is 910.63 million, 13.8× the median. (72 countries reporting)
- Panama's 12.52 billion is above the median for Latin America & Caribbean, which is 169.67 million, 73.8× the median. (37 countries reporting)
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
- 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 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.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.