Panama Current Account Balance: % of GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Panama Current Account Balance: % of GDP

  • Panama Current Account deficit accounted for 2.3 % of the country's Nominal GDP in Sep 2025, compared with a 2.6 % surplus in the previous quarter.
  • Panama Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2007 to Sep 2025, with an average value of -7.2 %.
  • The data reached an all-time high of 3.5 % in Dec 2009 and a record low of -19.0 % in Sep 2008.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The National Institute of Statistics and Census provides Current Account Balance in local currency based on BPM6 and Nominal GDP in local currency based on SNA 2008. Current Account Balance as % of Nominal GDP prior to Q1 2018 is calculated from Nominal GDP based on SNA 1993. Current Account Balance as % of Nominal GDP prior to Q1 2013 is calculated from Current Account Balance based on BPM5.


Key information about Panama Current Account Balance: % of GDP

  • In the latest reports of Panama, Current Account recorded a deficit of 502.9 USD mn in Sep 2025.
  • Foreign Direct Investment (FDI) increased by 676.4 USD mn in Sep 2025.
  • Panama Direct Investment Abroad expanded by 128.0 USD mn in Sep 2025.
  • Its Foreign Portfolio Investment increased by 665.0 USD mn in Sep 2025.
  • The country's Nominal GDP was reported at 20.1 USD bn in Jun 2025.

View Panama's Current Account Balance: % of GDP from Mar 2007 to Sep 2025 in the chart:

Panama Current Account Balance: % of GDP

What was Panama's Current Account Balance: % of GDP in Sep 2025?

Panama Current Account deficit accounted for 2.3 % of the country's Nominal GDP in Sep 2025, compared with a 2.6 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.3 Sep 2025 2.6 Jun 2025 -19.0 Sep 2008 3.5 Dec 2009 % quarterly Mar 2007 - Sep 2025

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 9.4 Sep 2025 quarterly Mar 2004 - Sep 2025
Algeria (%) -3.7 Dec 2024 quarterly Mar 2007 - Dec 2024
Argentina (%) -1.7 Jun 2025 quarterly Mar 2004 - Jun 2025
Armenia (%) -3.6 Sep 2025 quarterly Dec 1994 - Sep 2025
Australia (%) -2.3 Sep 2025 quarterly Sep 1959 - Sep 2025
Austria (%) -0.0 Sep 2025 quarterly Mar 1970 - Sep 2025
Azerbaijan (%) 3.5 Sep 2025 quarterly Mar 2013 - Sep 2025
Bahrain (%) 3.9 Jun 2025 quarterly Mar 2018 - Jun 2025
Bangladesh (%) 0.0 2025 yearly 1998 - 2025
Belarus (%) 1.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Belgium (%) -2.5 Sep 2025 quarterly Mar 1995 - Sep 2025
Bolivia (%) -3.9 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) -0.4 Sep 2025 quarterly Mar 2008 - Sep 2025
Botswana (%) 9.7 Jun 2025 quarterly Mar 2004 - Jun 2025
Brazil (%) -3.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Brunei (%) 13.8 Dec 2024 quarterly Mar 2013 - Dec 2024
Bulgaria (%) -3.6 Sep 2025 quarterly Sep 1999 - Sep 2025
Cambodia (%) -0.6 Jun 2025 quarterly Mar 2010 - Jun 2025
Canada (%) -1.2 Sep 2025 quarterly Mar 1957 - Sep 2025
Chile (%) -5.4 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 3.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Colombia (%) -2.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Croatia (%) 14.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (%) -2.8 Jun 2025 quarterly Mar 2008 - Jun 2025
Czech Republic (%) -0.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 14.7 Sep 2025 quarterly Mar 1990 - Sep 2025
Ecuador (%) 7.9 Jun 2025 quarterly Mar 1993 - Jun 2025
Egypt (%) -2.5 Jun 2025 quarterly Sep 2001 - Jun 2025
Estonia (%) 0.5 Jun 2025 quarterly Mar 2000 - Jun 2025
European Union (%) 2.7 Sep 2025 quarterly Mar 1999 - Sep 2025
Finland (%) 3.4 Sep 2025 quarterly Mar 1990 - Sep 2025
France (%) -0.7 Sep 2025 quarterly Mar 1997 - Sep 2025
Georgia (%) 3.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Germany (%) 4.2 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (%) 4.4 Jun 2025 quarterly Mar 2006 - Jun 2025
Greece (%) 2.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Hong Kong SAR, China (%) 12.2 Jun 2025 quarterly Mar 1999 - Jun 2025
Hungary (%) 1.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Iceland (%) -6.7 Jun 2025 quarterly Mar 1995 - Jun 2025
India (%) -0.2 Jun 2025 quarterly Jun 2004 - Jun 2025
Indonesia (%) 1.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (%) 2.2 2025 yearly 1997 - 2025
Ireland (%) 8.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Israel (%) -1.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Italy (%) 2.6 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) -4.1 2024 yearly 1975 - 2024
Japan (USD mn) 29,402.7 Sep 2025 monthly Jan 1996 - Sep 2025
Jordan (%) -6.5 Jun 2025 quarterly Mar 1992 - Jun 2025
Kazakhstan (%) -3.9 Jun 2025 quarterly Dec 1997 - Jun 2025
Kenya (%) -1.9 Jun 2025 quarterly Mar 2009 - Jun 2025
South Korea (USD mn) 7,498.1 Oct 2025 monthly Jan 1980 - Oct 2025
Kosovo (%) 6.9 Sep 2025 quarterly Mar 2010 - Sep 2025
Kuwait (%) 21.5 Jun 2025 quarterly Mar 2012 - Jun 2025
Kyrgyzstan (%) -18.7 Sep 2025 quarterly Mar 2000 - Sep 2025
Laos (%) 3.3 2024 yearly 1984 - 2024
Latvia (%) -3.1 Sep 2025 quarterly Mar 1995 - Sep 2025
Lebanon (%) -2.8 2023 yearly 2002 - 2023
Lithuania (%) 0.3 Sep 2025 quarterly Mar 1993 - Sep 2025
Luxembourg (%) 8.3 Sep 2025 quarterly Mar 1995 - Sep 2025
Macau SAR, China (%) 33.7 2024 yearly 2002 - 2024
North Macedonia (%) 1.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Malawi (%) -17.0 2023 yearly 1977 - 2023
Malaysia (%) 2.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Malta (%) 8.5 Jun 2025 quarterly Mar 1995 - Jun 2025
Mauritius (%) -5.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Mexico (%) 0.5 Sep 2025 quarterly Mar 1993 - Sep 2025
Moldova (%) -14.3 Sep 2025 quarterly Mar 1995 - Sep 2025
Mongolia (%) 2.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Montenegro (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Morocco (%) -1.9 Sep 2025 quarterly Mar 2014 - Sep 2025
Mozambique (%) -11.2 2024 yearly 1980 - 2024
Nepal (%) 6.7 2025 yearly 2001 - 2025
Netherlands (%) 6.8 Sep 2025 quarterly Mar 1987 - Sep 2025
New Zealand (%) -3.4 Sep 2025 quarterly Jun 1987 - Sep 2025
Nigeria (%) 8.7 Jun 2025 quarterly Mar 2014 - Jun 2025
Norway (%) 13.1 Sep 2025 quarterly Mar 1981 - Sep 2025
Oman (%) 2.9 2024 yearly 1980 - 2024
Pakistan (%) 0.5 2025 yearly 1977 - 2025
Palestinian Territory (%) -22.0 Jun 2025 quarterly Mar 2011 - Jun 2025
Panama (%) -2.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Paraguay (%) -1.2 Sep 2025 quarterly Mar 2000 - Sep 2025
Peru (%) 2.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Philippines (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Poland (%) -1.9 Sep 2025 quarterly Mar 2000 - Sep 2025
Portugal (%) 4.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Qatar (%) 18.5 Sep 2025 quarterly Mar 2011 - Sep 2025
Romania (%) -8.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Russia (%) 1.4 Sep 2025 quarterly Mar 1994 - Sep 2025
Saudi Arabia (%) -2.6 Sep 2025 quarterly Mar 2006 - Sep 2025
Serbia (%) -4.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Singapore (%) 17.7 Sep 2025 quarterly Mar 1986 - Sep 2025
Slovakia (%) -3.0 Sep 2025 quarterly Mar 1997 - Sep 2025
Slovenia (%) 5.0 Sep 2025 quarterly Mar 1995 - Sep 2025
South Africa (%) -0.7 Sep 2025 quarterly Mar 1960 - Sep 2025
Spain (%) 3.7 Sep 2025 quarterly Mar 1980 - Sep 2025
Sri Lanka (%) 1.4 Sep 2025 quarterly Mar 2002 - Sep 2025
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 5.8 Sep 2025 quarterly Mar 1980 - Sep 2025
Switzerland (%) 7.1 Sep 2025 quarterly Mar 1983 - Sep 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 460.252 Oct 2025 monthly Jan 1995 - Oct 2025
Tax Revenue: % of GDP (%) 6.6 Sep 2025 quarterly Mar 2007 - Sep 2025
National Government Debt (USD mn) 58,832.7 Oct 2025 monthly Jul 2004 - Oct 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue (PAB th) 567,877.450 Oct 2025 monthly Jan 1995 - Oct 2025
Central Government Revenue: Current Revenue: Tax (PAB th) 460,252.161 Oct 2025 monthly Jan 1995 - Oct 2025
Public Debt: Domestic (USD mn) 10,843.916 Nov 2025 monthly Jul 2004 - Nov 2025
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,324.4 Oct 2025 monthly Jan 1964 - Oct 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) -10.6 Oct 2025 monthly Jan 2001 - Oct 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,404.5 Oct 2025 monthly Jan 2000 - Oct 2025
Total Imports Growth (%) 2.0 Sep 2025 monthly Jan 2001 - Sep 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 35.282 Aug 2025 monthly Jan 1970 - Aug 2025
Total Imports from USA (USD mn) 211.345 Aug 2025 monthly Jan 1967 - Aug 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 165.039 Aug 2025 monthly Mar 1989 - Aug 2025
Exports: FOB (PAB th) 80,133.426 Oct 2025 monthly Jan 2000 - Oct 2025
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
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
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 128.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Current Account Balance (USD mn) -502.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Current Account Balance: % of GDP (%) -2.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Direct Investment (USD mn) 676.4 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Direct Investment: % of GDP (%) 3.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
External Debt (USD mn) 48,132.1 Oct 2025 monthly Jul 2004 - Oct 2025
External Debt: % of GDP (%) 169.8 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 (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -75,811.580 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: Net Errors and Omissions (PAB mn) -1,228.288 Sep 2025 quarterly Mar 2013 - Sep 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) -502.946 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Credit (PAB mn) 4,179.957 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services (PAB mn) 4,132.275 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Debit (PAB mn) -2,560.827 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Debit (PAB mn) -1,502.052 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Credit (PAB mn) 1,103.205 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods (PAB mn) -3,116.496 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Credit (PAB mn) 5,634.327 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) -2,194.910 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income (PAB mn) -1,457.621 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financial Account (FA) (PAB mn) 1,301.970 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Credit (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Debit (PAB mn) -7,296.453 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Direct Investment (PAB mn) 548.322 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financing: Reserve Assets (PAB mn) 466.385 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
International Investment Position (IIP) (USD mn) -75,811.580 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Assets (USD mn) 117,266.585 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Liabilities (USD mn) 193,078.165 Sep 2025 quarterly Mar 2015 - Sep 2025
Foreign Direct Investment (FDI) (PAB mn) 676.356 Sep 2025 quarterly Mar 2013 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2025 monthly Dec 2008 - Nov 2025
Household Debt: % of GDP (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Non-Performing Loans (USD mn) 1,598.833 Nov 2025 monthly Dec 2008 - Nov 2025
Money Supply M1 (USD mn) 9,045.180 Sep 2025 monthly Dec 2002 - Sep 2025
Money Supply M2 (USD mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
M2 Growth (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Foreign Exchange Reserves (USD mn) 5,397.9 Nov 2025 monthly Oct 1969 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 4.178 Sep 2025 quarterly Dec 2007 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 3.5 Oct 2025 monthly Jan 2000 - Oct 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,131.706 Nov 2025 monthly Dec 1998 - Nov 2025
Total Deposits Growth (%) 7.2 Nov 2025 monthly Dec 1999 - Nov 2025
Domestic Credit (USD mn) 64,958.0 Nov 2025 monthly Dec 2001 - Nov 2025
Domestic Credit Growth (%) 1.2 Nov 2025 monthly Dec 2002 - Nov 2025
Household Debt (USD mn) 33,969.4 Nov 2025 monthly Oct 2005 - Nov 2025
Total Loans (USD mn) 102,722.968 Nov 2025 monthly Dec 1998 - Nov 2025
Total Loans Growth (%) 5.67 Nov 2025 monthly Dec 1999 - Nov 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,458.796 Nov 2025 monthly Dec 2002 - Nov 2025

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