Panama Consolidated Fiscal Balance: % of GDP

2003 - 2021 | Yearly | % | CEIC Data

Key information about Panama Consolidated Fiscal Balance: % of GDP

  • Panama Consolidated Fiscal Balance recorded a deficit equal to 5.5 % of its Nominal GDP in Dec 2021, compared with a deficit equal to 9.9 % in the previous year
  • Panama Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 2003 to Dec 2021, 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 -9.9 % 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 to 2007 is based on previous benchmark year 1996. 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 42.9 USD bn in Apr 2022
  • Panama Nominal GDP reached 18.6 USD bn in Dec 2021

View Panama's Consolidated Fiscal Balance: % of GDP from 2003 to 2021 in the chart:

Panama Consolidated Fiscal Balance: % of GDP

What was Panama's Consolidated Fiscal Balance: % of GDP in 2021?

Panama Consolidated Fiscal Balance recorded a deficit equal to 5.5 % of its Nominal GDP in Dec 2021, compared with a deficit equal to 9.9 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-5.5 2021 -9.9 2020 -9.9 2020 3.2 2007 % yearly 2003 - 2021

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 (%) -4.5 2021 yearly 1997 - 2021
Algeria (%) -7.4 2018 yearly 1994 - 2018
Argentina (%) -3.7 Mar 2022 quarterly Dec 2004 - Mar 2022
Armenia (%) -4.6 Dec 2021 quarterly Dec 2002 - Dec 2021
Australia (%) -4.4 Mar 2022 quarterly Jun 2003 - Mar 2022
Austria (%) -5.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -13.0 2020 yearly 1998 - 2020
Bangladesh (%) -5.2 2021 yearly 2006 - 2021
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -5.5 2021 yearly 1970 - 2021
Bolivia (%) -6.0 2018 yearly 1990 - 2018
Bosnia and Herzegovina (%) 0.5 Sep 2021 quarterly Dec 2008 - Sep 2021
Botswana (%) -0.9 Dec 2021 quarterly Mar 2004 - Dec 2021
Brazil (%) -5.1 Mar 2022 quarterly Dec 1997 - Mar 2022
Brunei (%) -19.3 2020 yearly 2010 - 2020
Bulgaria (%) -2.2 Mar 2022 quarterly Sep 2003 - Mar 2022
Cambodia (%) -4.0 2020 yearly 2007 - 2020
Canada (%) -5.5 Dec 2021 quarterly Jun 1993 - Dec 2021
Chile (%) -7.5 2021 yearly 1990 - 2021
China (%) -4.4 Mar 2022 quarterly Dec 1995 - Mar 2022
Colombia (%) -16.4 Sep 2021 quarterly Dec 2000 - Sep 2021
Croatia (%) 0.4 2019 yearly 2002 - 2019
Cyprus (%) -0.1 Mar 2022 quarterly Dec 1995 - Mar 2022
Czech Republic (%) -5.9 Dec 2021 quarterly Dec 1999 - Dec 2021
Denmark (%) 1.9 Mar 2022 quarterly Dec 1999 - Mar 2022
Ecuador (%) -1.5 Dec 2021 quarterly Dec 2000 - Dec 2021
Estonia (%) -1.7 Mar 2022 quarterly Dec 2000 - Mar 2022
European Union (%) -4.7 2021 yearly 1995 - 2021
Finland (%) -2.0 Mar 2022 quarterly Dec 1999 - Mar 2022
France (%) -5.2 Mar 2022 quarterly Dec 1949 - Mar 2022
Georgia (%) -5.0 Mar 2022 quarterly Dec 2006 - Mar 2022
Germany (%) -2.6 Mar 2022 quarterly Dec 1991 - Mar 2022
Ghana (%) -8.5 Mar 2022 quarterly Dec 2008 - Mar 2022
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) 0.0 Mar 2022 quarterly Sep 1999 - Mar 2022
Hungary (%) -6.8 Dec 2021 quarterly Dec 1999 - Dec 2021
Iceland (%) -2.4 Mar 2022 quarterly Mar 2002 - Mar 2022
India (%) -6.7 Mar 2022 quarterly Mar 2005 - Mar 2022
Indonesia (%) -3.6 Mar 2022 quarterly Dec 2014 - Mar 2022
Iran (%) -4.8 Mar 2019 quarterly Mar 2006 - Mar 2019
Ireland (%) -1.9 Dec 2021 quarterly Dec 2000 - Dec 2021
Israel (%) -0.2 Mar 2022 quarterly Dec 1999 - Mar 2022
Italy (%) -7.2 Dec 2021 quarterly Dec 1999 - Dec 2021
Ivory Coast (%) -3.0 2018 yearly 1960 - 2018
Japan (%) -6.5 2023 yearly 1996 - 2023
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -2.2 Mar 2022 quarterly Dec 2008 - Mar 2022
Kenya (%) -2.7 Dec 2021 quarterly Dec 2009 - Dec 2021
South Korea (%) -1.6 Mar 2022 quarterly Jun 2000 - Mar 2022
Kosovo (%) 0.9 Mar 2022 quarterly Dec 2010 - Mar 2022
Kuwait (%) -9.6 2019 yearly 1988 - 2019
Kyrgyzstan (%) 2.5 Apr 2022 monthly Jan 2007 - Apr 2022
Laos (%) -5.2 2020 yearly 2012 - 2020
Latvia (%) -7.3 Dec 2021 quarterly Dec 1999 - Dec 2021
Lebanon (%) -10.9 2019 yearly 1992 - 2019
Lithuania (%) -1.1 Dec 2021 quarterly Dec 1999 - Dec 2021
Luxembourg (%) -0.2 Sep 2021 quarterly Dec 2009 - Sep 2021
Macau SAR, China (%) -12.6 Sep 2021 quarterly Dec 2003 - Sep 2021
North Macedonia (%) -5.4 2021 yearly 1993 - 2021
Malawi (%) -1.1 Apr 2022 monthly Apr 2005 - Apr 2022
Malaysia (%) -7.0 2020 yearly 1970 - 2020
Malta (%) -8.0 Dec 2021 quarterly Dec 2000 - Dec 2021
Mauritius (%) -12.7 Dec 2021 quarterly Dec 2010 - Dec 2021
Mexico (%) -2.7 Mar 2022 quarterly Dec 1980 - Mar 2022
Moldova (%) -5.3 2020 yearly 1998 - 2020
Mongolia (%) -7.1 Mar 2022 quarterly Dec 2000 - Mar 2022
Montenegro (%) -0.4 Mar 2022 quarterly Dec 2012 - Mar 2022
Morocco (%) -8.1 2021 yearly 1980 - 2021
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -3.0 2019 yearly 1986 - 2019
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -1.5 Mar 2022 quarterly Dec 1999 - Mar 2022
New Zealand (%) -3.4 Mar 2022 quarterly Dec 1999 - Mar 2022
Nigeria (%) -3.9 Dec 2020 quarterly Dec 2010 - Dec 2020
Norway (%) 9.1 Dec 2021 quarterly Dec 2002 - Dec 2021
Oman (%) -3.7 Dec 2021 quarterly Dec 2005 - Dec 2021
Pakistan (%) -6.1 2021 yearly 2000 - 2021
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -5.5 2021 yearly 2003 - 2021
Paraguay (%) -1.0 Mar 2022 quarterly Dec 2003 - Mar 2022
Peru (%) -1.4 Mar 2022 quarterly Dec 1990 - Mar 2022
Philippines (%) -8.3 Mar 2022 quarterly Dec 1985 - Mar 2022
Poland (%) -1.9 2021 yearly 1995 - 2021
Portugal (%) -1.5 Mar 2022 quarterly Dec 1999 - Mar 2022
Qatar (%) -1.9 Dec 2021 quarterly Mar 2011 - Dec 2021
Romania (%) -6.6 Mar 2022 quarterly Dec 2004 - Mar 2022
Russia (%) 0.8 Dec 2021 quarterly Dec 1993 - Dec 2021
Saudi Arabia (%) -11.2 2020 yearly 1969 - 2020
Serbia (%) -4.9 Mar 2022 quarterly Dec 2005 - Mar 2022
Singapore (%) 0.1 Mar 2022 quarterly Mar 2012 - Mar 2022
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.6 Mar 2022 quarterly Dec 2000 - Mar 2022
South Africa (%) -5.1 Mar 2022 quarterly Dec 1990 - Mar 2022
Spain (%) -6.9 Dec 2021 quarterly Dec 1995 - Dec 2021
Sri Lanka (%) -11.6 Dec 2021 quarterly Dec 2014 - Dec 2021
Sudan (%) -5.0 2020 yearly 2001 - 2020
Sweden (%) -3.0 2020 yearly 1995 - 2020
Switzerland (%) -2.8 2020 yearly 1990 - 2020

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Panama Key Series

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Includes 196 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 (%) -5.5 2021 yearly 2003 - 2021
Consolidated Fiscal Balance (USD mn) -3,522.800 2021 yearly 2003 - 2021
Tax Revenue (USD mn) 379.016 Apr 2022 monthly Jan 1995 - Apr 2022
Tax Revenue: % of GDP (%) 7.8 Mar 2022 quarterly Mar 2007 - Mar 2022
National Government Debt (USD mn) 42,891.2 May 2022 monthly Jul 2004 - May 2022
Government Debt: % of GDP (%) 64.6 Mar 2022 quarterly Dec 2007 - Mar 2022
Forecast: Government Expenditure (PAB bn) 22.756 2027 yearly 1994 - 2027
Forecast: Government Net Debt (PAB bn) 50.211 2027 yearly 1994 - 2027
Forecast: Government Revenue (PAB bn) 21.252 2027 yearly 1994 - 2027
Central Government Revenue: Current Revenue (PAB th) 476,504.593 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Revenue: Current Revenue: Tax (PAB th) 379,015.892 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 202,123.571 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Operations: Total Expenditure (PAB th) 14,206,764.625 2020 yearly 2000 - 2020
Central Government Operations: Total Revenue (PAB th) 14,209,596.569 2020 yearly 2000 - 2020
CGO: Overall Balance, Accrual Basis (USD mn) -4,007.800 2021 yearly 1993 - 2021
CGO: Expenditure: Current (USD mn) 8,921.000 2021 yearly 1993 - 2021
CGO: Expenditure: Capital (USD mn) 2,877.800 2021 yearly 1993 - 2021
Public Debt: Domestic (USD mn) 7,653.724 May 2022 monthly Jul 2004 - May 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.996 2027 yearly 1980 - 2027
Trade Balance (USD mn) -922.7 Apr 2022 monthly Jan 1964 - Apr 2022
Total Exports (USD mn) 275.5 Apr 2022 monthly Jan 2000 - Apr 2022
Total Exports Growth (%) -1.5 Apr 2022 monthly Jan 2001 - Apr 2022
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,154,109.705 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 151,842.182 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,198.2 Apr 2022 monthly Jan 2000 - Apr 2022
Total Imports Growth (%) 35.1 Apr 2022 monthly Jan 2001 - Apr 2022
Imports: Medicament (USD th) 608,952.511 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 146,042.475 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 21.562 Mar 2022 monthly Jan 1970 - Mar 2022
Total Imports from USA (USD mn) 402.407 Mar 2022 monthly Jan 1967 - Mar 2022
Total Exports to China (USD mn) 370.063 2020 yearly 1999 - 2020
Total Imports from China (USD mn) 203.275 Mar 2022 monthly Mar 1989 - Mar 2022
Exports: FOB: Seafood Products (PAB th) 4,045.981 Apr 2022 monthly Jan 2002 - Apr 2022
Exports: FOB (PAB th) 275,544.253 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: Prawn (PAB th) 2,217.553 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: Banana (PAB th) 12,084.975 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: America: NAFTA: USA (PAB th) 105,749.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 19,716.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: China (PAB th) 370,063.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 136,247.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: Mexico (PAB th) 20,957.000 2020 yearly 1999 - 2020
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: China (PAB th) 851,030.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 68,032.000 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) 27.2 Dec 2021 quarterly Mar 2013 - Dec 2021
Current Account Balance (USD mn) -650.7 Dec 2021 quarterly Mar 1998 - Dec 2021
Current Account Balance: % of GDP (%) -3.5 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Direct Investment (USD mn) 697.3 Dec 2021 quarterly Mar 1998 - Dec 2021
Foreign Direct Investment: % of GDP (%) 3.8 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment (USD mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2021 quarterly Mar 2013 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
External Debt (USD mn) 35,237.5 May 2022 monthly Jul 2004 - May 2022
External Debt: % of GDP (%) 196.8 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 34,953.4 Jun 2021 quarterly Sep 2014 - Jun 2021
External Debt: Short Term: % of GDP (%) 65.3 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.741 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -66,638.781 Dec 2021 quarterly Mar 2002 - Dec 2021
BoP: CA: Goods (PAB mn) -1,794.516 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services: Debit (PAB mn) -1,264.051 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account: Credit (PAB mn) 1.078 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -917.845 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services (PAB mn) 2,098.163 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income: Debit (PAB mn) -1,318.890 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Financial Account (FA) (PAB mn) 1,085.360 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods: Credit (PAB mn) 4,317.332 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income (PAB mn) -1,065.612 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Net Errors and Omissions (PAB mn) -33.408 Dec 2021 quarterly Mar 2013 - Dec 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -650.733 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services: Credit (PAB mn) 3,362.215 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account (PAB mn) 1.078 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Direct Investment (PAB mn) 670.116 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods: Debit (PAB mn) -6,111.848 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income: Credit (PAB mn) 253.278 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Financing: Reserve Assets (PAB mn) -430.365 Dec 2021 quarterly Mar 2013 - Dec 2021
IIP: Liabilities (USD mn) 149,860.635 Dec 2021 quarterly Mar 2015 - Dec 2021
International Investment Position (IIP) (USD mn) -66,638.781 Dec 2021 quarterly Mar 2015 - Dec 2021
IIP: Assets (USD mn) 83,221.854 Dec 2021 quarterly Mar 2015 - Dec 2021
Foreign Direct Investment (FDI) (PAB mn) 697.314 Dec 2021 quarterly Mar 2013 - Dec 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.0 Apr 2022 monthly Dec 2008 - Apr 2022
Household Debt: % of GDP (%) 44.0 Mar 2022 quarterly Dec 2007 - Mar 2022
Non-Performing Loans (USD mn) 1,718.583 Mar 2022 monthly Dec 2008 - Mar 2022
Money Supply M1 (USD mn) 9,438.227 Mar 2022 monthly Dec 2002 - Mar 2022
Money Supply M2 (USD mn) 37,994.108 Mar 2022 monthly Dec 2002 - Mar 2022
M2 Growth (%) -17.8 Mar 2022 monthly Dec 2003 - Mar 2022
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 12.674 Sep 2021 quarterly Dec 2007 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 98,205.099 Apr 2022 monthly Dec 1998 - Apr 2022
Total Deposits Growth (%) 3.3 Apr 2022 monthly Dec 1999 - Apr 2022
Domestic Credit (USD mn) 56,012.5 Apr 2022 monthly Dec 2001 - Apr 2022
Domestic Credit Growth (%) 3.4 Apr 2022 monthly Dec 2002 - Apr 2022
Household Debt (USD mn) 29,282.7 Apr 2022 monthly Oct 2005 - Apr 2022
Total Loans (USD mn) 80,493.544 Apr 2022 monthly Dec 1998 - Apr 2022
Total Loans Growth (%) 9.43 Apr 2022 monthly Dec 1999 - Apr 2022
Private Debt: % of Nominal GDP (%) 80.20 Mar 2022 quarterly Dec 2007 - Mar 2022
Money Supply: M3 (PAB mn) 37,994.108 Mar 2022 monthly Dec 2002 - Mar 2022
LC: National Banking System: Private Sector: Mortgage (PAB mn) 19,057.846 Apr 2022 monthly Dec 2002 - Apr 2022

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