Panama Consolidated Fiscal Balance: % of GDP

2003 - 2023 | Yearly | % | CEIC Data

Key information about Panama Consolidated Fiscal Balance: % of GDP

  • Panama Consolidated Fiscal Balance recorded a deficit equal to 3.0 % of its Nominal GDP in Dec 2023, compared with a deficit equal to 4.0 % in the previous year
  • Panama Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 2003 to Dec 2023, with an average ratio of -2.3 %
  • 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 49.8 USD bn in Feb 2024
  • Panama Nominal GDP reached 18.1 USD bn in Sep 2022

View Panama's Consolidated Fiscal Balance: % of GDP from 2003 to 2023 in the chart:

Panama Consolidated Fiscal Balance: % of GDP

What was Panama's Consolidated Fiscal Balance: % of GDP in 2023?

Panama Consolidated Fiscal Balance recorded a deficit equal to 3.0 % of its Nominal GDP in Dec 2023, compared with a deficit equal to 4.0 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3.0 2023 -4.0 2022 -9.4 2020 3.2 2007 % yearly 2003 - 2023

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 (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) -4.4 Dec 2023 quarterly Dec 2004 - Dec 2023
Armenia (%) -1.9 Dec 2023 quarterly Dec 2002 - Dec 2023
Australia (%) -1.1 Dec 2023 quarterly Jun 2003 - Dec 2023
Austria (%) -2.7 Dec 2023 quarterly Dec 2001 - Dec 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.5 2023 yearly 1970 - 2023
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 3.9 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -7.2 Mar 2024 quarterly Dec 1997 - Mar 2024
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -2.5 Mar 2024 quarterly Sep 2003 - Mar 2024
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -2.1 Dec 2023 quarterly Jun 1993 - Dec 2023
Chile (%) -2.3 2023 yearly 1990 - 2023
China (%) -4.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Colombia (%) 0.2 Sep 2023 quarterly Dec 2000 - Sep 2023
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Czech Republic (%) -3.3 Dec 2023 quarterly Dec 1999 - Dec 2023
Denmark (%) 3.1 Dec 2023 quarterly Dec 1999 - Dec 2023
Ecuador (%) -3.6 Dec 2023 quarterly Dec 2000 - Dec 2023
Estonia (%) -3.4 Dec 2023 quarterly Dec 1999 - Dec 2023
European Union (%) -3.5 2023 yearly 1995 - 2023
Finland (%) -2.5 Dec 2023 quarterly Dec 1999 - Dec 2023
France (%) -5.5 Dec 2023 quarterly Dec 1949 - Dec 2023
Georgia (%) -2.4 Dec 2023 quarterly Dec 2006 - Dec 2023
Germany (%) -2.5 Mar 2024 quarterly Dec 1991 - Mar 2024
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.7 Mar 2024 quarterly Sep 1999 - Mar 2024
Hungary (%) -6.7 Dec 2023 quarterly Dec 1999 - Dec 2023
Iceland (%) 0.6 Dec 2023 quarterly Mar 2002 - Dec 2023
India (%) -6.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Indonesia (%) -2.2 Mar 2024 quarterly Dec 2014 - Mar 2024
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.7 Dec 2023 quarterly Dec 2000 - Dec 2023
Israel (%) -6.2 Mar 2024 quarterly Dec 1999 - Mar 2024
Italy (%) -7.2 Dec 2023 quarterly Dec 1999 - Dec 2023
Ivory Coast (%) -5.3 2023 yearly 1960 - 2023
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -0.7 Mar 2024 quarterly Dec 2008 - Mar 2024
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -1.6 Dec 2023 quarterly Jun 2000 - Dec 2023
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 11.7 2022 yearly 1988 - 2022
Kyrgyzstan (%) 3.7 Mar 2024 monthly Jan 2007 - Mar 2024
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -2.2 Dec 2023 quarterly Dec 1999 - Dec 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -0.8 Dec 2023 quarterly Dec 1999 - Dec 2023
Luxembourg (%) -1.3 2023 yearly 1995 - 2023
Macau SAR, China (%) -5.1 Sep 2023 quarterly Dec 2003 - Sep 2023
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -4.9 Dec 2023 quarterly Dec 2000 - Dec 2023
Mauritius (%) -5.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Mexico (%) -3.3 Dec 2023 quarterly Dec 1980 - Dec 2023
Moldova (%) -5.2 2023 yearly 1998 - 2023
Mongolia (%) 2.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Montenegro (%) 0.2 Dec 2023 quarterly Dec 2012 - Dec 2023
Morocco (%) -5.6 2022 yearly 1980 - 2022
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -0.6 Dec 2023 quarterly Dec 1999 - Dec 2023
Nigeria (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 16.3 Dec 2023 quarterly Dec 2002 - Dec 2023
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -3.7 2023 yearly 2000 - 2023
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.0 2023 yearly 2003 - 2023
Paraguay (%) -1.5 Dec 2023 quarterly Dec 2003 - Dec 2023
Peru (%) -3.5 Mar 2024 quarterly Dec 1990 - Mar 2024
Philippines (%) -6.1 Mar 2024 quarterly Dec 1985 - Mar 2024
Poland (%) -5.1 2023 yearly 1995 - 2023
Portugal (%) 1.2 Dec 2023 quarterly Sep 1999 - Dec 2023
Qatar (%) 6.0 Sep 2023 quarterly Mar 2011 - Sep 2023
Romania (%) -5.6 Dec 2023 quarterly Dec 2004 - Dec 2023
Russia (%) -2.3 Dec 2023 quarterly Dec 1993 - Dec 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.2 Dec 2023 quarterly Dec 2005 - Dec 2023
Singapore (%) -0.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.7 Mar 2024 quarterly Dec 2000 - Mar 2024
South Africa (%) -6.0 Dec 2023 quarterly Dec 1990 - Dec 2023
Spain (%) -3.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Sri Lanka (%) -8.3 Dec 2023 quarterly Dec 2014 - Dec 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -0.6 2023 yearly 1995 - 2023
Switzerland (%) 0.5 2023 yearly 1990 - 2023

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Panama Key Series

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Includes 181 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 (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 284.531 Feb 2024 monthly Jan 1995 - Feb 2024
Tax Revenue: % of GDP (%) 9.6 Dec 2023 quarterly Mar 2007 - Dec 2023
National Government Debt (USD mn) 50,541.6 Apr 2024 monthly Jul 2004 - Apr 2024
Government Debt: % of GDP (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
Forecast: Government Expenditure (PAB bn) 22.672 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 20.911 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue: Tax (PAB th) 284,531.441 Feb 2024 monthly Jan 1995 - Feb 2024
Central Government Revenue: Current Revenue (PAB th) 483,346.123 Feb 2024 monthly Jan 1995 - Feb 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 103,975.899 Feb 2024 monthly Jan 1995 - Feb 2024
Public Debt: Domestic (USD mn) 7,523.696 Apr 2024 monthly Jul 2004 - Apr 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,081.5 Mar 2024 monthly Jan 1964 - Mar 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -82.8 Mar 2024 monthly Jan 2001 - Mar 2024
Aluminum: Exports (USD th) 1,490.770 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,146.8 Mar 2024 monthly Jan 2000 - Mar 2024
Total Imports Growth (%) -15.3 Mar 2024 monthly Jan 2001 - Mar 2024
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 7.513 Feb 2024 monthly Jan 1970 - Feb 2024
Total Imports from USA (USD mn) 168.540 Feb 2024 monthly Jan 1967 - Feb 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 147.641 Feb 2024 monthly Mar 1989 - Feb 2024
Exports: FOB: Prawn (PAB th) 6,414.853 Mar 2024 monthly Jan 2000 - Mar 2024
Exports: FOB: Banana (PAB th) 10,015.729 Mar 2024 monthly Jan 2000 - Mar 2024
Exports: FOB: Seafood Products (PAB th) 5,052.523 Mar 2024 monthly Jan 2002 - Mar 2024
Exports: FOB (PAB th) 65,314.055 Mar 2024 monthly Jan 2000 - Mar 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
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: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 150.6 Dec 2023 quarterly Mar 2013 - Dec 2023
Current Account Balance (USD mn) -4,356.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Current Account Balance: % of GDP (%) -18.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Direct Investment (USD mn) 779.1 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 5.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2023 quarterly Mar 2013 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
External Debt (USD mn) 43,017.9 Apr 2024 monthly Jul 2004 - Apr 2024
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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,069.421 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Net Errors and Omissions (PAB mn) 4,238.808 Dec 2023 quarterly Mar 2013 - Dec 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -4,356.507 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods: Credit (PAB mn) 3,968.015 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services (PAB mn) 3,312.902 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods: Debit (PAB mn) -10,824.928 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services: Credit (PAB mn) 4,899.518 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods (PAB mn) -6,856.914 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account: Credit (PAB mn) 2.055 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income: Debit (PAB mn) -1,767.175 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Financial Account (FA) (PAB mn) 1,689.751 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income (PAB mn) -751.392 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Financing: Reserve Assets (PAB mn) -2,018.107 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 772.109 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income: Credit (PAB mn) 1,015.783 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account (PAB mn) 2.055 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Direct Investment (PAB mn) 628.537 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services: Debit (PAB mn) -1,586.616 Dec 2023 quarterly Mar 2013 - Dec 2023
International Investment Position (IIP) (USD mn) -72,069.421 Dec 2023 quarterly Mar 2015 - Dec 2023
IIP: Assets (USD mn) 102,675.995 Dec 2023 quarterly Mar 2015 - Dec 2023
IIP: Liabilities (USD mn) 174,745.416 Dec 2023 quarterly Mar 2015 - Dec 2023
Foreign Direct Investment (FDI) (PAB mn) 779.107 Dec 2023 quarterly Mar 2013 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Mar 2024 monthly Dec 2008 - Mar 2024
Household Debt: % of GDP (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Non-Performing Loans (USD mn) 1,740.361 Mar 2024 monthly Dec 2008 - Mar 2024
Money Supply M1 (USD mn) 8,918.380 Mar 2024 monthly Dec 2002 - Mar 2024
Money Supply M2 (USD mn) 39,889.320 Mar 2024 monthly Dec 2002 - Mar 2024
M2 Growth (%) 4.5 Mar 2024 monthly Dec 2003 - Mar 2024
Foreign Exchange Reserves (USD mn) 6,188.5 Apr 2024 monthly Oct 1969 - Apr 2024
Foreign Exchange Reserves: % of GDP (%) 7.368 Dec 2023 quarterly Dec 2007 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 6.4 Mar 2024 monthly Jan 2000 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 106,373.899 Mar 2024 monthly Dec 1998 - Mar 2024
Total Deposits Growth (%) 6.0 Mar 2024 monthly Dec 1999 - Mar 2024
Domestic Credit (USD mn) 61,380.4 Mar 2024 monthly Dec 2001 - Mar 2024
Domestic Credit Growth (%) 5.0 Mar 2024 monthly Dec 2002 - Mar 2024
Household Debt (USD mn) 32,043.7 Mar 2024 monthly Oct 2005 - Mar 2024
Total Loans (USD mn) 91,334.462 Mar 2024 monthly Dec 1998 - Mar 2024
Total Loans Growth (%) 5.01 Mar 2024 monthly Dec 1999 - Mar 2024
Private Debt: % of Nominal GDP (%) 68.65 Dec 2023 quarterly Dec 2007 - Dec 2023
Money Supply: M3 (PAB mn) 39,889.320 Mar 2024 monthly Dec 2002 - Mar 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 20,735.868 Mar 2024 monthly Dec 2002 - Mar 2024

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