Panama Current Account Balance

1998 - 2023 | Quarterly | USD mn | CEIC Data

Key information about Panama Current Account Balance

  • Panama Current Account recorded a deficit of 5.9 USD bn in Sep 2023, compared with a deficit of 1.5 USD bn in the previous quarter.
  • Panama Current Account Balance: USD mn data is updated quarterly, available from Mar 1998 to Sep 2023, with an averaged value of -362.7 USD mn.
  • The data reached an all-time high of 1.1 USD bn in Mar 2023 and a record low of -5.9 USD bn in Sep 2023.
  • CEIC converts quarterly Current Account Balance into USD. The National Institute of Statistics and Census provides Current Account Balance in local currency based on BPM6. The International Monetary Fund average market exchange rate is used for currency conversions. Current Account Balance prior to Q1 2013 is based on BPM5 and prior to Q1 2003 is sourced from International Monetary Fund.
  • Foreign Direct Investment (FDI) increased by 1.9 USD bn in Jun 2023.
  • Panama Direct Investment Abroad expanded by 122.2 USD mn in Sep 2023.
  • Its Foreign Portfolio Investment increased by 44.0 USD mn in Sep 2023.
  • The country's Nominal GDP was reported at 18.1 USD bn in Sep 2022.

View Panama's Current Account Balance from Mar 1998 to Sep 2023 in the chart:

Panama Current Account Balance

What was Panama's Current Account Balance in Sep 2023?

Panama Current Account recorded a deficit of 5.9 USD bn in Sep 2023, compared with a deficit of 1.5 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-5,854.6 Sep 2023 -1,522.5 Jun 2023 -5,854.6 Sep 2023 1,101.5 Mar 2023 USD mn quarterly Mar 1998 - Sep 2023

Current Account Balance by Country Comparison

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Includes Current Account Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -145.1 Mar 2023 quarterly Mar 1993 - Mar 2023
Algeria (USD mn) -2,970.0 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (USD mn) -6,102.7 Sep 2023 quarterly Mar 1976 - Sep 2023
Armenia (USD mn) -54.3 Sep 2023 quarterly Mar 1993 - Sep 2023
Australia (USD mn) 7,685.3 Dec 2023 quarterly Sep 1959 - Dec 2023
Austria (USD mn) 5,171.8 Mar 2023 quarterly Mar 1970 - Mar 2023
Azerbaijan (USD mn) 5,767.5 Dec 2022 quarterly Mar 2013 - Dec 2022
Bahrain (USD mn) 569.0 Jun 2023 quarterly Mar 2018 - Jun 2023
Bangladesh (USD mn) 1,520.3 Dec 2023 monthly Jul 1997 - Dec 2023
Belarus (USD mn) -1,726.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Belgium (USD mn) -1,705.2 Dec 2022 monthly Jan 1995 - Dec 2022
Bolivia (USD mn) -268.2 Sep 2023 quarterly Mar 1988 - Sep 2023
Bosnia and Herzegovina (USD mn) -158.3 Sep 2023 quarterly Mar 2001 - Sep 2023
Botswana (USD mn) -44.3 Dec 2022 quarterly Mar 2004 - Dec 2022
Brazil (USD mn) -5,833.8 Dec 2023 monthly Jan 1995 - Dec 2023
Brunei (USD mn) -615.1 Dec 2020 quarterly Mar 2001 - Dec 2020
Bulgaria (USD mn) 351.4 Apr 2023 monthly Jan 1996 - Apr 2023
Cambodia (USD mn) 360.5 Sep 2023 quarterly Mar 1994 - Sep 2023
Canada (USD mn) -4,560.8 Mar 2023 quarterly Mar 1957 - Mar 2023
Chile (USD mn) -4,494.9 Sep 2023 quarterly Mar 2003 - Sep 2023
China (USD mn) 55,200.0 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (USD mn) -2,293.1 Dec 2023 quarterly Mar 1996 - Dec 2023
Croatia (USD mn) -1,465.3 Dec 2022 quarterly Mar 1993 - Dec 2022
Cyprus (USD mn) -178.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Czech Republic (USD mn) 782.0 Apr 2023 monthly Jan 2003 - Apr 2023
Denmark (USD mn) 5,296.0 Apr 2023 monthly Jan 2005 - Apr 2023
Ecuador (USD mn) 624.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Egypt (USD mn) -2,807.0 Sep 2023 quarterly Dec 1993 - Sep 2023
Estonia (USD mn) 94.3 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (USD mn) 119,182.8 Dec 2023 quarterly Mar 1999 - Dec 2023
Finland (USD mn) -1,912.9 Apr 2023 monthly Jan 1980 - Apr 2023
France (USD mn) -754.9 Dec 2023 monthly Jan 1999 - Dec 2023
Georgia (USD mn) -200.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Germany (USD mn) 26,105.2 Dec 2023 monthly Jan 1991 - Dec 2023
Ghana (USD mn) 175.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Greece (USD mn) -2,452.3 Dec 2023 monthly Jan 2000 - Dec 2023
Hong Kong SAR, China (USD mn) 13,868.1 Sep 2023 quarterly Mar 1999 - Sep 2023
Hungary (USD mn) 95.8 Sep 2023 quarterly Dec 1989 - Sep 2023
Iceland (USD mn) -71.2 Mar 2023 quarterly Mar 1976 - Mar 2023
India (USD mn) -9,195.5 Jun 2023 quarterly Jun 1949 - Jun 2023
Indonesia (USD mn) -1,290.4 Dec 2023 quarterly Mar 1981 - Dec 2023
Iran (USD mn) 14,204.8 2023 yearly 1997 - 2023
Ireland (USD mn) 14,845.9 Mar 2023 quarterly Mar 1981 - Mar 2023
Israel (USD mn) 5,774.2 Sep 2023 quarterly Mar 1992 - Sep 2023
Italy (USD mn) -1,662.6 Apr 2023 monthly Jan 1970 - Apr 2023
Ivory Coast (USD mn) -4,350.1 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (USD mn) -1,007.6 Mar 2023 quarterly Mar 1977 - Mar 2023
Kazakhstan (USD mn) -3,270.2 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (USD mn) -288.0 Dec 2022 monthly Jan 2002 - Dec 2022
South Korea (USD mn) 5,518.8 Dec 2023 monthly Jan 1980 - Dec 2023
Kosovo (USD mn) 242.9 Sep 2023 quarterly Mar 2009 - Sep 2023
Kuwait (USD mn) 15,358.8 Sep 2023 quarterly Mar 2012 - Sep 2023
Kyrgyzstan (USD mn) -1,294.6 Dec 2022 quarterly Mar 1993 - Dec 2022
Laos (USD mn) 67.0 Jun 2023 quarterly Mar 1994 - Jun 2023
Latvia (USD mn) 23.0 Apr 2023 monthly Jan 2000 - Apr 2023
Lebanon (USD mn) -28.3 Dec 2022 monthly Jan 2002 - Dec 2022
Lithuania (USD mn) 686.5 Dec 2023 monthly Jan 2001 - Dec 2023
Luxembourg (USD mn) 2,904.3 Sep 2023 quarterly Mar 1995 - Sep 2023
Macau SAR, China (USD mn) 2,782.4 2022 yearly 2002 - 2022
North Macedonia (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Malawi (USD mn) -1,752.1 2021 yearly 1977 - 2021
Malaysia (USD mn) 54.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Malta (USD mn) -4.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Mauritius (USD mn) -183.0 Sep 2023 quarterly Mar 2017 - Sep 2023
Mexico (USD mn) -14,282.0 Mar 2023 quarterly Mar 1980 - Mar 2023
Moldova (USD mn) -599.2 Sep 2023 quarterly Mar 1994 - Sep 2023
Mongolia (USD mn) -309.6 Jan 2024 monthly Jan 2009 - Jan 2024
Montenegro (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Morocco (USD mn) 104.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Mozambique (USD mn) -505.6 Dec 2023 quarterly Mar 1996 - Dec 2023
Myanmar (USD mn) -256.1 Mar 2023 quarterly Mar 1976 - Mar 2023
Nepal (USD mn) 769.7 Jan 2024 quarterly Oct 2000 - Jan 2024
Netherlands (USD mn) 27,762.5 Mar 2023 quarterly Mar 1967 - Mar 2023
New Zealand (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Nigeria (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Norway (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Oman (USD mn) 5,752.9 2022 yearly 1974 - 2022
Pakistan (USD mn) 198.0 Dec 2023 quarterly Mar 1976 - Dec 2023
Palestinian Territory (USD mn) -529.4 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Paraguay (USD mn) -57.1 Sep 2023 quarterly Mar 2008 - Sep 2023
Peru (USD mn) 1,633.8 Dec 2023 quarterly Mar 1977 - Dec 2023
Philippines (USD mn) -601.3 Sep 2023 monthly Jan 1999 - Sep 2023
Poland (USD mn) -25.0 Dec 2023 monthly Jan 2000 - Dec 2023
Portugal (USD mn) -238.7 Dec 2023 monthly Jan 1996 - Dec 2023
Qatar (USD mn) 9,392.9 Sep 2023 quarterly Mar 2011 - Sep 2023
Romania (USD mn) -2,234.1 Nov 2023 monthly Jun 2002 - Nov 2023
Russia (USD mn) 600.0 Dec 2023 monthly Jan 2012 - Dec 2023
Saudi Arabia (USD mn) 4,623.3 Sep 2023 quarterly Mar 2006 - Sep 2023
Serbia (USD mn) -145.1 Nov 2023 monthly Jan 2013 - Nov 2023
Singapore (USD mn) 25,500.6 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (USD mn) -862.3 Dec 2023 monthly Jan 1997 - Dec 2023
Slovenia (USD mn) 359.8 Apr 2023 monthly Jan 1994 - Apr 2023
South Africa (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Spain (USD mn) 1,168.4 Dec 2023 monthly Jan 1990 - Dec 2023
Sri Lanka (USD mn) 639.0 Sep 2023 quarterly Mar 1977 - Sep 2023
Sudan (USD mn) -1,752.8 Dec 2022 quarterly Mar 1977 - Dec 2022
Sweden (USD mn) 6,535.4 Jun 2023 quarterly Mar 1975 - Jun 2023
Switzerland (USD mn) 17,338.7 Mar 2023 quarterly Mar 1983 - Mar 2023

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Panama Key Series

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Includes 164 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 (%) -4.0 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 762.604 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 46,894.6 Jan 2024 monthly Jul 2004 - Jan 2024
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 762,604.057 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 553,673.642 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue (PAB th) 3,105,099.378 Dec 2023 monthly Jan 1995 - Dec 2023
Public Debt: Domestic (USD mn) 7,004.936 Jan 2024 monthly Jul 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -79.6 Dec 2023 monthly Jan 2001 - Dec 2023
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) 1,171.0 Dec 2023 monthly Jan 2000 - Dec 2023
Total Imports Growth (%) -6.6 Dec 2023 monthly Jan 2001 - Dec 2023
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) 14.124 Nov 2023 monthly Jan 1970 - Nov 2023
Total Imports from USA (USD mn) 179.004 Nov 2023 monthly Jan 1967 - Nov 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 149.250 Nov 2023 monthly Mar 1989 - Nov 2023
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: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 39,889.6 Jan 2024 monthly Jul 2004 - Jan 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) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 5,420.6 Jan 2024 monthly Oct 1969 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Sep 1969 - Jan 2024
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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