Services, Credit/Revenue in Panama
Panama: Services, Credit/Revenue was 18.27 billion in 2024. ▲ Rising
Services, Credit/Revenue in Panama, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Panama stood at 18.27 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 2.8% on the previous year and up 59.7% over ten years.
Over the whole period, services, credit/revenue in Panama peaked at 18.27 billion in 2024 and was at its lowest, 3.23 billion, in 2005.
That places Panama 52nd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 3.23 billion | — |
| 2006 | 4.00 billion | +23.8% |
| 2007 | 5.08 billion | +26.8% |
| 2008 | 5.92 billion | +16.6% |
| 2009 | 5.95 billion | +0.6% |
| 2010 | 6.83 billion | +14.8% |
| 2011 | 8.64 billion | +26.5% |
| 2012 | 9.97 billion | +15.3% |
| 2013 | 10.80 billion | +8.3% |
| 2014 | 11.44 billion | +5.9% |
| 2015 | 11.87 billion | +3.7% |
| 2016 | 12.28 billion | +3.5% |
| 2017 | 13.33 billion | +8.6% |
| 2018 | 13.55 billion | +1.6% |
| 2019 | 13.75 billion | +1.5% |
| 2020 | 8.20 billion | -40.4% |
| 2021 | 10.67 billion | +30.2% |
| 2022 | 15.27 billion | +43.1% |
| 2023 | 17.77 billion | +16.4% |
| 2024 | 18.27 billion | +2.8% |
Panama compared with similar countries
- Panama's 18.27 billion is below the median for high income countries, which is 24.52 billion, 75% of the median. (72 countries reporting)
- Panama's 18.27 billion is above the median for Latin America & Caribbean, which is 2.65 billion, 6.9× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.84 billion | 3.23 billion | 5.95 billion | 5 |
| 2010s | 11.25 billion | 6.83 billion | 13.75 billion | 10 |
| 2020s | 14.04 billion | 8.20 billion | 18.27 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, credit/revenue in Panama?
- Services, credit/revenue in Panama was 18.27 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Panama?
- The highest recorded value was 18.27 billion in 2024.
- What is the lowest services, credit/revenue recorded in Panama?
- The lowest recorded value was 3.23 billion in 2005.
- How does Panama rank for services, credit/revenue?
- Panama ranks 52nd out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Panama?
- Over the last ten years it is up 59.7%. 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, Credit/Revenue (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.