Total reserves in months of imports (reserves International Financial) in Panama
Panama: Total reserves in months of imports (reserves International Financial) was 1.74 in 2025. ◆ Volatile
Total reserves in months of imports in Panama, 1977–2025
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2025, total reserves in months of imports in Panama stood at 1.74.
That represents a change of down 13.0% on the previous year and up 40.2% over ten years.
Over the whole period, total reserves in months of imports in Panama peaked at 5.47 in 2020 and was at its lowest, 0.1243, in 1982.
Panama ranks 148th of 179 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in months of imports (reserves International Financial) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1977 | 0.5518 | — |
| 1978 | 0.926 | +67.8% |
| 1979 | 0.4901 | -47.1% |
| 1980 | 0.1713 | -65.0% |
| 1981 | 0.1483 | -13.4% |
| 1982 | 0.1243 | -16.2% |
| 1983 | 0.3416 | +174.8% |
| 1984 | 0.3722 | +9.0% |
| 1985 | 0.1817 | -51.2% |
| 1986 | 0.3175 | +74.7% |
| 1987 | 0.1666 | -47.5% |
| 1988 | 0.2204 | +32.3% |
| 1989 | 0.3059 | +38.8% |
| 1990 | 0.7377 | +141.1% |
| 1991 | 0.8617 | +16.8% |
| 1992 | 0.7626 | -11.5% |
| 1993 | 0.8886 | +16.5% |
| 1994 | 0.9621 | +8.3% |
| 1995 | 0.9493 | -1.3% |
| 1996 | 1.13 | +19.4% |
| 1997 | 1.32 | +16.0% |
| 1998 | 1.03 | -21.4% |
| 1999 | 0.9909 | -4.2% |
| 2000 | 0.8453 | -14.7% |
| 2001 | 1.34 | +58.7% |
| 2002 | 1.6 | +19.1% |
| 2003 | 1.32 | -17.4% |
| 2004 | 0.6951 | -47.3% |
| 2005 | 1.12 | +61.7% |
| 2006 | 1.1 | -2.2% |
| 2007 | 1.23 | +11.9% |
| 2008 | 1.2 | -2.6% |
| 2009 | 1.76 | +46.7% |
| 2010 | 1.28 | -27.3% |
| 2011 | 0.8138 | -36.3% |
| 2012 | 0.808 | -0.7% |
| 2013 | 0.9365 | +15.9% |
| 2014 | 1.31 | +39.6% |
| 2015 | 1.24 | -4.9% |
| 2016 | 1.47 | +17.9% |
| 2017 | 0.9854 | -32.8% |
| 2018 | 0.7139 | -27.6% |
| 2019 | 1.22 | +70.3% |
| 2020 | 5.47 | +350.4% |
| 2021 | 3.57 | -34.7% |
| 2022 | 2.17 | -39.1% |
| 2023 | 1.84 | -15.4% |
| 2024 | 2 | +8.9% |
| 2025 | 1.74 | -13.0% |
Panama compared with similar countries
- Panama's 1.74 is below the median for high income countries, which is 3.58, 49% of the median. (62 countries reporting)
- Panama's 1.74 is below the median for Latin America & Caribbean, which is 4.12, 42% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Total reserves in months of imports (reserves International Financial) 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 |
|---|---|---|---|
| 2020 | +350.4% | 1.22 | 5.47 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.656 | 0.4901 | 0.926 | 3 |
| 1980s | 0.235 | 0.1243 | 0.3722 | 10 |
| 1990s | 0.9635 | 0.7377 | 1.32 | 10 |
| 2000s | 1.22 | 0.6951 | 1.76 | 10 |
| 2010s | 1.08 | 0.7139 | 1.47 | 10 |
| 2020s | 2.8 | 1.74 | 5.47 | 6 |
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 total reserves in months of imports in Panama?
- Total reserves in months of imports in Panama was 1.74 in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Panama?
- The highest recorded value was 5.47 in 2020.
- What is the lowest total reserves in months of imports recorded in Panama?
- The lowest recorded value was 0.1243 in 1982.
- How does Panama rank for total reserves in months of imports?
- Panama ranks 148th out of 179 countries with data for 2025.
- Is total reserves in months of imports rising or falling in Panama?
- Over the last ten years it is up 40.2%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].