Panama Current Account Balance: % of GDP

2007 - 2026 | Quarterly | % | CEIC Data

Key information about Panama Current Account Balance: % of GDP

  • Panama Current Account surplus accounted for 5.3 % of the country's Nominal GDP in Mar 2026, compared with a 0.4 % surplus in the previous quarter.
  • Panama Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2007 to Mar 2026, with an average value of -10.4 %.
  • The data reached an all-time high of 5.3 % in Mar 2026 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 surplus of 1.3 USD bn in Mar 2026.
  • Foreign Direct Investment (FDI) increased by 213.3 USD mn in Mar 2026.
  • Panama Direct Investment Abroad expanded by 226.2 USD mn in Mar 2026.
  • Its Foreign Portfolio Investment fell by 827.3 USD mn in Mar 2026.
  • 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 Mar 2026 in the chart:

Panama Current Account Balance: % of GDP

What was Panama's Current Account Balance: % of GDP in Mar 2026?

Panama Current Account surplus accounted for 5.3 % of the country's Nominal GDP in Mar 2026, compared with a 0.4 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
5.3 Mar 2026 0.4 Dec 2025 -19.0 Sep 2008 5.3 Mar 2026 % quarterly Mar 2007 - Mar 2026

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.5 Mar 2026 quarterly Mar 2004 - Mar 2026
Algeria (%) -3.7 Dec 2024 quarterly Mar 2007 - Dec 2024
Argentina (%) -1.0 Mar 2026 quarterly Mar 2004 - Mar 2026
Armenia (%) -12.7 Mar 2026 quarterly Dec 1994 - Mar 2026
Australia (%) -3.7 Mar 2026 quarterly Sep 1959 - Mar 2026
Austria (%) 5.8 Mar 2026 quarterly Mar 1970 - Mar 2026
Azerbaijan (%) 2.4 Dec 2025 quarterly Mar 2013 - Dec 2025
Bahrain (%) 3.9 Jun 2025 quarterly Mar 2018 - Jun 2025
Bangladesh (%) 0.0 2025 yearly 1998 - 2025
Belarus (%) -8.4 Mar 2026 quarterly Mar 1996 - Mar 2026
Belgium (%) -0.1 Mar 2026 quarterly Mar 1995 - Mar 2026
Bolivia (%) -3.7 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) -6.0 Mar 2026 quarterly Mar 2008 - Mar 2026
Botswana (%) -0.1 Dec 2025 quarterly Mar 2004 - Dec 2025
Brazil (%) -3.3 Mar 2026 quarterly Mar 1995 - Mar 2026
Brunei (%) 14.9 Dec 2025 quarterly Mar 2010 - Dec 2025
Bulgaria (%) -8.8 Mar 2026 quarterly Mar 1998 - Mar 2026
Cambodia (%) -15.5 Dec 2025 quarterly Mar 2010 - Dec 2025
Canada (%) -0.1 Dec 2025 quarterly Mar 1957 - Dec 2025
Chile (%) 1.9 Mar 2026 quarterly Mar 1996 - Mar 2026
China (%) 3.8 Mar 2026 quarterly Mar 1998 - Mar 2026
Colombia (%) -1.2 Mar 2026 quarterly Mar 1996 - Mar 2026
Croatia (%) -16.1 Mar 2026 quarterly Mar 1995 - Mar 2026
Cyprus (%) -14.2 Mar 2026 quarterly Mar 2008 - Mar 2026
Czech Republic (%) 3.4 Mar 2026 quarterly Mar 1995 - Mar 2026
Denmark (%) 8.8 Mar 2026 quarterly Mar 1990 - Mar 2026
Ecuador (%) 5.7 Mar 2026 quarterly Mar 1993 - Mar 2026
Egypt (%) -2.5 Jun 2025 quarterly Sep 2001 - Jun 2025
Estonia (%) 0.5 Jun 2025 quarterly Mar 2000 - Jun 2025
European Union (%) 1.8 Mar 2026 quarterly Mar 1999 - Mar 2026
Finland (%) 0.4 Mar 2026 quarterly Mar 1990 - Mar 2026
France (%) -1.7 Mar 2026 quarterly Mar 1997 - Mar 2026
Georgia (%) -3.8 Mar 2026 quarterly Mar 1996 - Mar 2026
Germany (%) 4.5 Mar 2026 quarterly Mar 1991 - Mar 2026
Ghana (%) 8.0 Mar 2026 quarterly Mar 2006 - Mar 2026
Greece (%) -11.0 Dec 2025 quarterly Mar 2000 - Dec 2025
Hong Kong SAR, China (%) 4.3 Mar 2026 quarterly Mar 1999 - Mar 2026
Hungary (%) 0.3 Mar 2026 quarterly Mar 1995 - Mar 2026
Iceland (%) -3.0 Dec 2025 quarterly Mar 1995 - Dec 2025
India (%) -1.3 Dec 2025 quarterly Jun 2004 - Dec 2025
Indonesia (%) 1.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (%) 2.2 2025 yearly 1997 - 2025
Ireland (%) 12.9 Mar 2026 quarterly Mar 1995 - Mar 2026
Israel (%) 0.2 Mar 2026 quarterly Mar 1995 - Mar 2026
Italy (%) 0.5 Mar 2026 quarterly Mar 1980 - Mar 2026
Ivory Coast (%) -4.1 2024 yearly 1975 - 2024
Japan (USD mn) 29,402.7 Sep 2025 monthly Jan 1996 - Sep 2025
Jordan (%) -2.2 Mar 2026 quarterly Mar 1992 - Mar 2026
Kazakhstan (%) -2.8 Mar 2026 quarterly Dec 1997 - Mar 2026
Kenya (%) -2.2 Sep 2025 quarterly Mar 2009 - Sep 2025
South Korea (USD mn) 38,121.1 May 2026 monthly Jan 1980 - May 2026
Kosovo (%) -9.2 Mar 2026 quarterly Mar 2010 - Mar 2026
Kuwait (%) 18.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Kyrgyzstan (%) -21.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Laos (%) 11.3 2025 yearly 1984 - 2025
Latvia (%) -1.5 Mar 2026 quarterly Mar 1995 - Mar 2026
Lebanon (%) -14.5 2024 yearly 2002 - 2024
Lithuania (%) 1.6 Mar 2026 quarterly Mar 1993 - Mar 2026
Luxembourg (%) 6.1 Mar 2026 quarterly Mar 1995 - Mar 2026
Macau SAR, China (%) 33.7 2024 yearly 2002 - 2024
North Macedonia (%) -7.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Malawi (%) -17.0 2023 yearly 1977 - 2023
Malaysia (%) 3.0 Mar 2026 quarterly Mar 2000 - Mar 2026
Malta (%) 4.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Mauritius (%) -0.6 Mar 2026 quarterly Mar 2007 - Mar 2026
Mexico (%) -3.1 Mar 2026 quarterly Mar 1993 - Mar 2026
Moldova (%) -20.9 Mar 2026 quarterly Mar 1995 - Mar 2026
Mongolia (%) 2.8 Mar 2026 quarterly Mar 2000 - Mar 2026
Montenegro (%) -36.0 Mar 2026 quarterly Mar 2010 - Mar 2026
Morocco (%) -3.0 Dec 2025 quarterly Mar 2014 - Dec 2025
Mozambique (%) -11.0 2024 yearly 1980 - 2024
Nepal (%) 6.7 2025 yearly 2001 - 2025
Netherlands (%) 8.9 Mar 2026 quarterly Mar 1987 - Mar 2026
New Zealand (%) -4.0 Mar 2026 quarterly Jun 1987 - Mar 2026
Nigeria (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Norway (%) 18.5 Mar 2026 quarterly Mar 1981 - Mar 2026
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 (%) 5.3 Mar 2026 quarterly Mar 2007 - Mar 2026
Paraguay (%) 0.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Peru (%) 4.8 Mar 2026 quarterly Mar 1990 - Mar 2026
Philippines (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Poland (%) 0.4 Mar 2026 quarterly Mar 2000 - Mar 2026
Portugal (%) -0.8 Mar 2026 quarterly Mar 1996 - Mar 2026
Qatar (%) 9.3 Dec 2025 quarterly Mar 2011 - Dec 2025
Romania (%) -7.3 Mar 2026 quarterly Mar 1995 - Mar 2026
Russia (%) 2.0 Mar 2026 quarterly Mar 1994 - Mar 2026
Saudi Arabia (%) 1.2 Mar 2026 quarterly Mar 2006 - Mar 2026
Serbia (%) -0.6 Mar 2026 quarterly Mar 2007 - Mar 2026
Singapore (%) 20.3 Mar 2026 quarterly Mar 1986 - Mar 2026
Slovakia (%) -1.3 Mar 2026 quarterly Mar 1997 - Mar 2026
Slovenia (%) 2.5 Mar 2026 quarterly Mar 1995 - Mar 2026
South Africa (%) 2.4 Mar 2026 quarterly Mar 1960 - Mar 2026
Spain (%) 2.1 Mar 2026 quarterly Mar 1980 - Mar 2026
Sri Lanka (%) 2.1 Mar 2026 quarterly Mar 2002 - Mar 2026
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 5.8 Mar 2026 quarterly Mar 1980 - Mar 2026
Switzerland (%) 7.2 Mar 2026 quarterly Mar 1983 - Mar 2026

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.7 2025 yearly 2003 - 2025
Consolidated Fiscal Balance (USD mn) -3,320.820 2025 yearly 2003 - 2025
Tax Revenue (USD mn) 446.235 May 2026 monthly Jan 1995 - May 2026
Tax Revenue: % of GDP (%) 6.9 Mar 2026 quarterly Mar 2007 - Mar 2026
National Government Debt (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Government Debt: % of GDP (%) 65.6 Dec 2025 quarterly Dec 2007 - Dec 2025
Forecast: Government Expenditure (PAB bn) 27.414 2031 yearly 1994 - 2031
Forecast: Government Net Debt (PAB bn) 70.782 2031 yearly 1994 - 2031
Forecast: Government Revenue (PAB bn) 25.515 2031 yearly 1994 - 2031
Central Government Revenue: Current Revenue (PAB th) 579,053.501 May 2026 monthly Jan 1995 - May 2026
Central Government Revenue: Current Revenue: Tax (PAB th) 446,234.956 May 2026 monthly Jan 1995 - May 2026
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 216,833.914 May 2026 monthly Jan 1995 - May 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,350.7 May 2026 monthly Jan 1964 - May 2026
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 11.0 May 2026 monthly Jan 2001 - May 2026
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 323,272.727 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 17,017.382 2025 yearly 1995 - 2025
Total Imports (USD mn) 1,442.8 May 2026 monthly Jan 2000 - May 2026
Total Imports Growth (%) 24.7 May 2026 monthly Jan 2001 - May 2026
Imports: Medicament (USD th) 1,218,666.412 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 319,206.805 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 20.745 Mar 2026 monthly Jan 1970 - Mar 2026
Total Imports from USA (USD mn) 243.665 Mar 2026 monthly Jan 1967 - Mar 2026
Total Exports to China (USD mn) 1,311.685 2023 yearly 1999 - 2023
Total Imports from China (USD mn) 190.278 Mar 2026 monthly Mar 1989 - Mar 2026
Exports: FOB: America: NAFTA: USA (PAB th) 145,828.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 233,057.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,311,685.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 66,371.000 2023 yearly 1999 - 2023
Exports: FOB: America: NAFTA: Mexico (PAB th) 46,106.000 2023 yearly 1999 - 2023
Exports: FOB: Prawn (PAB th) 10,596.844 May 2026 monthly Jan 2000 - May 2026
Exports: FOB: Banana (PAB th) 10,901.687 May 2026 monthly Jan 2000 - May 2026
Exports: FOB: Seafood Products (PAB th) 5,933.478 May 2026 monthly Jan 2002 - May 2026
Exports: FOB (PAB th) 92,138.748 May 2026 monthly Jan 2000 - May 2026
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 108,126.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: China (PAB th) 1,755,621.000 2023 yearly 1999 - 2023
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 299,244.000 2023 yearly 1999 - 2023
Imports: CIF: America: NAFTA: USA (PAB th) 2,729,967.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 47,260.000 2023 yearly 1999 - 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
Export Value Index (2015=100) 116.200 2024 yearly 2005 - 2024
Import Value Index (2015=100) 118.600 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 212.3 Dec 2025 quarterly Mar 2013 - Dec 2025
Current Account Balance (USD mn) 1,289.6 Mar 2026 quarterly Mar 1998 - Mar 2026
Current Account Balance: % of GDP (%) 5.3 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Direct Investment (USD mn) 213.3 Mar 2026 quarterly Mar 1998 - Mar 2026
Foreign Direct Investment: % of GDP (%) 0.9 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Portfolio Investment (USD mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) -3.4 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2026 quarterly Mar 2013 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
External Debt (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
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) -3.282 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -80,772.587 Mar 2026 quarterly Mar 2002 - Mar 2026
BoP: Net Errors and Omissions (PAB mn) -3,725.983 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods (PAB mn) -2,346.809 Mar 2026 quarterly Mar 2013 - Mar 2026
Balance of Payment (BoP): Current Account (CA) (PAB mn) 1,289.579 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods: Debit (PAB mn) -7,038.145 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods: Credit (PAB mn) 4,691.336 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services: Credit (PAB mn) 5,998.538 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services (PAB mn) 4,646.733 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services: Debit (PAB mn) -1,351.805 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income (PAB mn) -1,006.464 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income: Credit (PAB mn) 1,072.184 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Capital Account (PAB mn) 1.600 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income: Debit (PAB mn) -2,078.648 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Financing: Reserve Assets (PAB mn) 1,614.738 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Financial Account (FA) (PAB mn) 820.065 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Capital Account: Credit (PAB mn) 1.600 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Direct Investment (PAB mn) -12.889 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Portfolio Investment: Assets (PAB mn) 909.219 Mar 2026 quarterly Mar 2013 - Mar 2026
International Investment Position (IIP) (USD mn) -80,772.587 Mar 2026 quarterly Mar 2015 - Mar 2026
IIP: Liabilities (USD mn) 199,510.492 Mar 2026 quarterly Mar 2015 - Mar 2026
IIP: Assets (USD mn) 118,737.905 Mar 2026 quarterly Mar 2015 - Mar 2026
Foreign Direct Investment (FDI) (PAB mn) 803.813 Dec 2025 quarterly Mar 2013 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 May 2026 monthly Dec 2008 - May 2026
Household Debt: % of GDP (%) 37.4 Mar 2026 quarterly Dec 2007 - Mar 2026
Non-Performing Loans (USD mn) 1,528.553 May 2026 monthly Dec 2008 - May 2026
Money Supply M1 (USD mn) 9,470.440 Apr 2026 monthly Dec 2002 - Apr 2026
Money Supply M2 (USD mn) 46,864.940 Apr 2026 monthly Dec 2002 - Apr 2026
M2 Growth (%) 6.0 Apr 2026 monthly Dec 2003 - Apr 2026
Foreign Exchange Reserves (USD mn) 5,346.1 May 2026 monthly Oct 1969 - May 2026
Foreign Exchange Reserves: % of GDP (%) 6.239 Dec 2025 quarterly Dec 2007 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 3.7 May 2026 monthly Jan 2000 - May 2026
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 120,742.505 Apr 2026 monthly Dec 1998 - Apr 2026
Total Deposits Growth (%) 7.3 Apr 2026 monthly Dec 1999 - Apr 2026
Domestic Credit (USD mn) 64,768.7 May 2026 monthly Dec 2001 - May 2026
Domestic Credit Growth (%) 0.2 May 2026 monthly Dec 2002 - May 2026
Household Debt (USD mn) 34,476.6 May 2026 monthly Oct 2005 - May 2026
Total Loans (USD mn) 104,817.978 Apr 2026 monthly Dec 1998 - Apr 2026
Total Loans Growth (%) 4.57 Apr 2026 monthly Dec 1999 - Apr 2026
Private Debt: % of Nominal GDP (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Money Supply: M3 (PAB mn) 46,864.940 Apr 2026 monthly Dec 2002 - Apr 2026
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,537.256 May 2026 monthly Dec 2002 - May 2026

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