Panama Current Account Balance: % of GDP
Key information about Panama Current Account Balance: % of GDP
- Panama Current Account deficit accounted for 28.8 % of the country's Nominal GDP in Sep 2023, compared with a 8.1 % deficit in the previous quarter.
- Panama Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2007 to Sep 2023, with an average value of -7.3 %.
- The data reached an all-time high of 5.2 % in Mar 2023 and a record low of -28.8 % in Sep 2023.
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 5.9 USD bn in Sep 2023.
- 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: % of GDP from Mar 2007 to Sep 2023 in the chart:
What was Panama's Current Account Balance: % of GDP in Sep 2023?
Panama Current Account deficit accounted for 28.8 % of the country's Nominal GDP in Sep 2023, compared with a 8.1 % deficit in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-28.8 Sep 2023 | -8.1 Jun 2023 | -28.8 Sep 2023 | 5.2 Mar 2023 | % | quarterly | Mar 2007 - Sep 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.6 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
Algeria (%) | 4.8 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Argentina (%) | -3.9 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Armenia (%) | -0.8 Sep 2023 | quarterly | Dec 1994 - Sep 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.5 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | 3.1 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
Belgium (%) | -1.4 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Bolivia (%) | -2.5 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Bosnia and Herzegovina (%) | -2.3 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Botswana (%) | 1.2 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Brazil (%) | -1.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | 1.9 Sep 2023 | quarterly | Sep 1999 - Sep 2023 |
Cambodia (%) | 4.5 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -5.7 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
China (%) | 1.1 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | 23.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Cyprus (%) | -6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Czech Republic (%) | 4.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 13.6 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 2.1 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.9 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Finland (%) | 1.0 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
France (%) | -0.5 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Georgia (%) | 2.0 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
Germany (%) | 6.9 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Ghana (%) | 0.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | 1.7 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Hong Kong SAR, China (%) | 14.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Hungary (%) | 0.2 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.0 Sep 2023 | quarterly | Jun 2004 - Sep 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 3.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Italy (%) | 0.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | -5.3 Sep 2023 | quarterly | Mar 1992 - Sep 2023 |
Kazakhstan (%) | -2.9 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 5,518.8 Dec 2023 | monthly | Jan 1980 - Dec 2023 |
Kosovo (%) | 8.2 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -64.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -0.1 2022 | yearly | 1984 - 2022 |
Latvia (%) | -4.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 7.9 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 13.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 7.1 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Mauritius (%) | -5.1 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -13.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Mongolia (%) | -4.9 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | 8.9 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Morocco (%) | -2.3 Jun 2023 | quarterly | Mar 2014 - Jun 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 12.7 Sep 2023 | quarterly | Mar 1987 - Sep 2023 |
New Zealand (%) | -7.1 Sep 2023 | quarterly | Jun 1987 - Sep 2023 |
Nigeria (%) | 1.8 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Norway (%) | 16.1 Sep 2023 | quarterly | Mar 1981 - Sep 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.7 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -28.8 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Paraguay (%) | -0.5 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Russia (%) | 3.5 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Saudi Arabia (%) | 1.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Serbia (%) | -1.2 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
South Africa (%) | -0.3 Sep 2023 | quarterly | Mar 1960 - Sep 2023 |
Spain (%) | 2.0 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 3.0 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 11.4 Sep 2023 | quarterly | Mar 1983 - Sep 2023 |
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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 (PAB th) | 3,105,099.378 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
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 |
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: 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) | 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 |
Balance of Payment (BoP): Current Account (CA) (PAB mn) | -5,854.602 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: Debit (PAB mn) | -13,112.495 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: 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: Capital Account: Credit (PAB mn) | 2.380 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: Capital Account: Debit (PAB mn) | 0.000 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: CA: Income: Credit (PAB mn) | 935.134 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: CA: Income: Debit (PAB mn) | -1,855.556 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: Capital Account (PAB mn) | 2.380 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: CA: Services (PAB mn) | 3,487.795 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: FA: Direct Investment (PAB mn) | -298.620 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: FA: Portfolio Investment: Assets (PAB mn) | 540.810 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 44.032 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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