Panama Consolidated Fiscal Balance: % of GDP

2003 - 2022 | Yearly | % | CEIC Data

Key information about Panama Consolidated Fiscal Balance: % of GDP

  • Panama Consolidated Fiscal Balance recorded a deficit equal to 3.9 % of its Nominal GDP in Dec 2022, compared with a deficit equal to 6.4 % in the previous year
  • Panama Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 2003 to Dec 2022, with an average ratio of -2.2 %
  • The data reached an all-time high of 3.2 % in Dec 2007 and a record low of -9.4 % in Dec 2020
CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and annual Nominal GDP. The Ministry of Economy and Finance provides Consolidated Fiscal Balance in local currency. The National Institute of Statistics and Census provides Nominal GDP in local currency based on benchmark year 2007. Nominal GDP prior 2018 is based on previous benchmark year. Prior to 2007, it is based on previous benchmark year 1996. Local currency is pegged to the US dollar on a one-on-one parity. Local currency is pegged to the US dollar on a one-on-one parity.


Further information about Panama Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Panama National Government Debt reached 45.9 USD bn in Mar 2023
  • Panama Nominal GDP reached 18.1 USD bn in Sep 2022

View Panama's Consolidated Fiscal Balance: % of GDP from 2003 to 2022 in the chart:

Panama Consolidated Fiscal Balance: % of GDP

What was Panama's Consolidated Fiscal Balance: % of GDP in 2022?

Panama Consolidated Fiscal Balance recorded a deficit equal to 3.9 % of its Nominal GDP in Dec 2022, compared with a deficit equal to 6.4 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3.9 2022 -6.4 2021 -9.4 2020 3.2 2007 % yearly 2003 - 2022

Consolidated Fiscal Balance: % of GDP by Country Comparison

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Includes Consolidated Fiscal Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -7.3 2021 yearly 1994 - 2021
Argentina (%) -3.8 Dec 2022 quarterly Dec 2004 - Dec 2022
Armenia (%) -1.5 Sep 2022 quarterly Dec 2002 - Sep 2022
Australia (%) -2.0 Dec 2022 quarterly Jun 2003 - Dec 2022
Austria (%) -3.2 Dec 2022 quarterly Dec 2001 - Dec 2022
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2022 yearly 2006 - 2022
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -8.5 2021 yearly 1990 - 2021
Bosnia and Herzegovina (%) 4.8 Sep 2022 quarterly Dec 2008 - Sep 2022
Botswana (%) 1.6 Dec 2022 quarterly Mar 2004 - Dec 2022
Brazil (%) -4.5 Mar 2023 quarterly Dec 1997 - Mar 2023
Brunei (%) -5.4 2021 yearly 2010 - 2021
Bulgaria (%) -0.8 Dec 2022 quarterly Sep 2003 - Dec 2022
Cambodia (%) -6.4 2021 yearly 2007 - 2021
Canada (%) -1.1 Dec 2022 quarterly Jun 1993 - Dec 2022
Chile (%) -7.5 2021 yearly 1990 - 2021
China (%) -5.0 Mar 2023 quarterly Dec 1995 - Mar 2023
Colombia (%) -4.9 Sep 2022 quarterly Dec 2000 - Sep 2022
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 2.1 Dec 2022 quarterly Dec 1995 - Dec 2022
Czech Republic (%) -3.6 Dec 2022 quarterly Dec 1999 - Dec 2022
Denmark (%) 3.3 Dec 2022 quarterly Dec 1999 - Dec 2022
Ecuador (%) -0.2 Dec 2022 quarterly Dec 2000 - Dec 2022
Estonia (%) -1.0 Dec 2022 quarterly Dec 1999 - Dec 2022
European Union (%) -3.4 2022 yearly 1995 - 2022
Finland (%) -0.8 Dec 2022 quarterly Dec 1999 - Dec 2022
France (%) -4.1 Sep 2022 quarterly Dec 1949 - Sep 2022
Georgia (%) -2.5 Dec 2022 quarterly Dec 2006 - Dec 2022
Germany (%) -2.6 Dec 2022 quarterly Dec 1991 - Dec 2022
Ghana (%) -8.9 Jun 2022 quarterly Dec 2008 - Jun 2022
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -7.9 Dec 2022 quarterly Sep 1999 - Dec 2022
Hungary (%) -6.2 Dec 2022 quarterly Dec 1999 - Dec 2022
Iceland (%) -4.7 Dec 2022 quarterly Mar 2002 - Dec 2022
India (%) -6.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Indonesia (%) -2.4 Dec 2022 quarterly Dec 2014 - Dec 2022
Iran (%) -4.8 Mar 2019 quarterly Mar 2006 - Mar 2019
Ireland (%) 1.6 Dec 2022 quarterly Dec 2000 - Dec 2022
Israel (%) 0.6 Dec 2022 quarterly Dec 1999 - Dec 2022
Italy (%) -5.5 Dec 2022 quarterly Dec 1999 - Dec 2022
Ivory Coast (%) -5.0 2021 yearly 1960 - 2021
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -1.3 Dec 2022 quarterly Dec 2008 - Dec 2022
Kenya (%) -3.0 Sep 2022 quarterly Dec 2009 - Sep 2022
South Korea (%) -3.0 Dec 2022 quarterly Jun 2000 - Dec 2022
Kosovo (%) -0.1 Dec 2022 quarterly Dec 2010 - Dec 2022
Kuwait (%) -9.6 2019 yearly 1988 - 2019
Kyrgyzstan (%) 10.8 Jan 2023 monthly Jan 2007 - Jan 2023
Laos (%) -1.3 2021 yearly 2012 - 2021
Latvia (%) -4.4 Dec 2022 quarterly Dec 1999 - Dec 2022
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -0.6 Dec 2022 quarterly Dec 1999 - Dec 2022
Luxembourg (%) 0.2 2022 yearly 1995 - 2022
Macau SAR, China (%) -12.5 Sep 2021 quarterly Dec 2003 - Sep 2021
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Feb 2023 monthly Apr 2005 - Feb 2023
Malaysia (%) -4.3 2021 yearly 1970 - 2021
Malta (%) -5.8 Dec 2022 quarterly Dec 2000 - Dec 2022
Mauritius (%) -5.4 Sep 2022 quarterly Dec 2010 - Sep 2022
Mexico (%) -3.4 Dec 2022 quarterly Dec 1980 - Dec 2022
Moldova (%) -1.9 2021 yearly 1998 - 2021
Mongolia (%) -1.9 Dec 2022 quarterly Dec 2000 - Dec 2022
Montenegro (%) -4.5 Dec 2022 quarterly Dec 2012 - Dec 2022
Morocco (%) -8.1 2021 yearly 1980 - 2021
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -6.2 2020 yearly 1986 - 2020
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) 0.0 Dec 2022 quarterly Dec 1999 - Dec 2022
New Zealand (%) -0.7 Dec 2022 quarterly Dec 1999 - Dec 2022
Nigeria (%) -4.1 Sep 2022 quarterly Dec 2010 - Sep 2022
Norway (%) 26.0 Dec 2022 quarterly Dec 2002 - Dec 2022
Oman (%) 1.7 Jun 2022 quarterly Dec 2005 - Jun 2022
Pakistan (%) -6.1 2021 yearly 2000 - 2021
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.9 2022 yearly 2003 - 2022
Paraguay (%) -0.1 Dec 2022 quarterly Dec 2003 - Dec 2022
Peru (%) -1.8 Mar 2023 quarterly Dec 1990 - Mar 2023
Philippines (%) -7.3 Dec 2022 quarterly Dec 1985 - Dec 2022
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) -0.4 Dec 2022 quarterly Sep 1999 - Dec 2022
Qatar (%) 5.3 Dec 2022 quarterly Mar 2011 - Dec 2022
Romania (%) -5.7 Dec 2022 quarterly Dec 2004 - Dec 2022
Russia (%) -1.4 Dec 2022 quarterly Dec 1993 - Dec 2022
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -3.1 Dec 2022 quarterly Dec 2005 - Dec 2022
Singapore (%) 2.0 Dec 2022 quarterly Mar 2012 - Dec 2022
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -2.7 Dec 2022 quarterly Dec 2000 - Dec 2022
South Africa (%) -4.4 Dec 2022 quarterly Dec 1990 - Dec 2022
Spain (%) -4.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Sri Lanka (%) -10.2 Dec 2022 quarterly Dec 2014 - Dec 2022
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) -0.3 2021 yearly 1990 - 2021

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Panama Key Series

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Includes 176 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.9 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -3,005.500 2022 yearly 2003 - 2022
Tax Revenue (USD mn) 876.314 Dec 2022 monthly Jan 1995 - Dec 2022
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 44,218.6 Jan 2023 monthly Jul 2004 - Jan 2023
Government Debt: % of GDP (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Forecast: Government Expenditure (PAB bn) 23.051 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 52.276 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.453 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 566,943.148 Sep 2022 monthly Jan 1995 - Sep 2022
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 364,031.226 Sep 2022 monthly Jan 1995 - Sep 2022
Central Government Revenue: Current Revenue (PAB th) 406,668.501 Feb 2023 monthly Jan 1995 - Feb 2023
Public Debt: Domestic (USD mn) 6,993.150 Apr 2023 monthly Jul 2004 - Apr 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.974 2027 yearly 1980 - 2027
Trade Balance (USD mn) -911.4 Dec 2022 monthly Jan 1964 - Dec 2022
Total Exports (USD mn) 349.0 Dec 2022 monthly Jan 2000 - Dec 2022
Total Exports Growth (%) -14.5 Dec 2022 monthly Jan 2001 - Dec 2022
Aluminum: Exports (USD th) 1,874.582 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 320,569.927 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 145,066.287 2021 yearly 1995 - 2021
Total Imports (USD mn) 1,260.4 Dec 2022 monthly Jan 2000 - Dec 2022
Total Imports Growth (%) -1.9 Dec 2022 monthly Jan 2001 - Dec 2022
Imports: Medicament (USD th) 1,131,885.680 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 157,218.886 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 16.548 Jan 2023 monthly Jan 1970 - Jan 2023
Total Imports from USA (USD mn) 327.953 Jan 2023 monthly Jan 1967 - Jan 2023
Total Exports to China (USD mn) 370.063 2020 yearly 1999 - 2020
Total Imports from China (USD mn) 153.497 Jan 2023 monthly Mar 1989 - Jan 2023
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 136,247.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: China (PAB th) 370,063.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: Mexico (PAB th) 20,957.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 19,716.000 2020 yearly 1999 - 2020
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 68,032.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: China (PAB th) 851,030.000 2020 yearly 1999 - 2020
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 123,450.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 35,242.000 2020 yearly 1999 - 2020
Imports: CIF: America: NAFTA: USA (PAB th) 2,070,087.000 2020 yearly 1999 - 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 133.8 Sep 2022 quarterly Mar 2013 - Sep 2022
Current Account Balance (USD mn) -2,979.5 Sep 2022 quarterly Mar 1998 - Sep 2022
Current Account Balance: % of GDP (%) -16.5 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Direct Investment (USD mn) 698.7 Sep 2022 quarterly Mar 1998 - Sep 2022
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment (USD mn) -5.650 Sep 2022 quarterly Mar 2013 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) 0.1 Jun 2022 quarterly Mar 2007 - Jun 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2022 quarterly Mar 2013 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 19.047 Jun 2022 quarterly Mar 2013 - Jun 2022
External Debt (USD mn) 38,467.2 Apr 2023 monthly Jul 2004 - Apr 2023
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.743 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,476.053 Sep 2022 quarterly Mar 2002 - Sep 2022
BoP: Net Errors and Omissions (PAB mn) -1,758.203 Jun 2022 quarterly Mar 2013 - Jun 2022
Balance of Payment (BoP): Current Account (CA) (PAB mn) -2,979.503 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: CA: Income (PAB mn) -815.549 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: CA: Income: Credit (PAB mn) 540.799 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: CA: Services: Debit (PAB mn) -1,302.859 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: CA: Goods: Debit (PAB mn) -6,823.835 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: CA: Income: Debit (PAB mn) -1,356.348 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: FA: Direct Investment (PAB mn) 799.860 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: CA: Services: Credit (PAB mn) 4,438.933 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: Financial Account (FA) (PAB mn) 576.640 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: Capital Account (PAB mn) 2.333 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 19.047 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: Capital Account: Credit (PAB mn) 2.466 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: FA: Portfolio Investment: Assets (PAB mn) -503.955 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: CA: Goods: Credit (PAB mn) 4,610.073 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: Financing: Reserve Assets (PAB mn) 2,387.896 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: CA: Goods (PAB mn) -2,213.762 Jun 2022 quarterly Mar 2013 - Jun 2022
BoP: CA: Services (PAB mn) 3,136.073 Jun 2022 quarterly Mar 2013 - Jun 2022
International Investment Position (IIP) (USD mn) -72,476.053 Sep 2022 quarterly Mar 2015 - Sep 2022
IIP: Assets (USD mn) 93,419.953 Jun 2022 quarterly Mar 2015 - Jun 2022
IIP: Liabilities (USD mn) 163,128.229 Jun 2022 quarterly Mar 2015 - Jun 2022
Foreign Direct Investment (FDI) (PAB mn) 536.072 Jun 2022 quarterly Mar 2013 - Jun 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Mar 2023 monthly Dec 2008 - Mar 2023
Household Debt: % of GDP (%) 42.6 Sep 2022 quarterly Dec 2007 - Sep 2022
Non-Performing Loans (USD mn) 1,600.966 Feb 2023 monthly Dec 2008 - Feb 2023
Money Supply M1 (USD mn) 9,136.190 Feb 2023 monthly Dec 2002 - Feb 2023
Money Supply M2 (USD mn) 38,027.920 Dec 2022 monthly Dec 2002 - Dec 2022
M2 Growth (%) 0.5 Mar 2023 monthly Dec 2003 - Mar 2023
Foreign Exchange Reserves (USD mn) 6,183.8 Mar 2023 monthly Oct 1969 - Mar 2023
Foreign Exchange Reserves: % of GDP (%) 8.199 Sep 2022 quarterly Dec 2007 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 4.9 Dec 2022 monthly Jan 2000 - Dec 2022
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 98,225.720 Feb 2023 monthly Dec 1998 - Feb 2023
Total Deposits Growth (%) 1.4 Dec 2022 monthly Dec 1999 - Dec 2022
Domestic Credit (USD mn) 58,480.0 Mar 2023 monthly Dec 2001 - Mar 2023
Domestic Credit Growth (%) 5.6 Feb 2023 monthly Dec 2002 - Feb 2023
Household Debt (USD mn) 30,488.1 Mar 2023 monthly Oct 2005 - Mar 2023
Total Loans (USD mn) 86,976.720 Mar 2023 monthly Dec 1998 - Mar 2023
Total Loans Growth (%) 9.40 Mar 2023 monthly Dec 1999 - Mar 2023
Private Debt: % of Nominal GDP (%) 78.23 Sep 2022 quarterly Dec 2007 - Sep 2022
Money Supply: M3 (PAB mn) 38,027.920 Dec 2022 monthly Dec 2002 - Dec 2022
LC: National Banking System: Private Sector: Mortgage (PAB mn) 19,797.243 Dec 2022 monthly Dec 2002 - Dec 2022

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