Panama External Debt

2004 - 2025 | Monthly | USD mn | Ministry of Economy and Finance

Key information about Panama External Debt

  • Panama External Debt reached 48.7 USD bn in Dec 2025, compared with 48.1 USD bn in the previous month.
  • Panama External Debt: USD mn data is updated monthly, available from Jul 2004 to Dec 2025.
  • The data reached an all-time high of 48.7 USD bn in Dec 2025 and a record low of 6.6 USD bn in Sep 2004.

External Debt covers Public sector only.


Related information about Panama External Debt
  • 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 External Debt from Jul 2004 to Dec 2025 in the chart:

Panama External Debt

What was Panama's External Debt in Dec 2025?

Panama External Debt reached 48.7 USD bn in Dec 2025, compared with 48.1 USD bn in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
48,680.8 Dec 2025 48,060.7 Nov 2025 6,586.2 Sep 2004 48,680.8 Dec 2025 USD mn monthly Jul 2004 - Dec 2025

External Debt by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 11,914.4 Mar 2026 quarterly Dec 2003 - Mar 2026
Algeria (USD mn) 3,838.0 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (USD mn) 321,782.8 Mar 2026 quarterly Mar 2006 - Mar 2026
Armenia (USD mn) 6,629.0 Jun 2026 monthly Dec 2012 - Jun 2026
Australia (USD mn) 2,049,794.5 Dec 2025 quarterly Sep 1988 - Dec 2025
Austria (USD mn) 937,307.2 Mar 2026 quarterly Mar 1997 - Mar 2026
Azerbaijan (USD mn) 4,813.5 Dec 2025 quarterly Dec 2001 - Dec 2025
Bangladesh (USD mn) 110,930.1 Mar 2026 quarterly Sep 2011 - Mar 2026
Belarus (USD mn) 38,295.6 Mar 2026 quarterly Dec 1995 - Mar 2026
Belgium (USD mn) 1,841,247.9 Mar 2026 quarterly Mar 2007 - Mar 2026
Bolivia (USD mn) 15,445.2 Mar 2026 quarterly Mar 2006 - Mar 2026
Bosnia and Herzegovina (USD mn) 5,572.7 Mar 2026 quarterly Mar 2000 - Mar 2026
Botswana (USD mn) 1,498.8 2025 yearly 1994 - 2025
Brazil (USD mn) 692,689.5 Jun 2026 quarterly Dec 1999 - Jun 2026
Bulgaria (USD mn) 78,253.9 Apr 2026 monthly Jan 1999 - Apr 2026
Cambodia (USD mn) 19,368.9 Mar 2026 quarterly Mar 2010 - Mar 2026
Canada (USD mn) 3,468,211.9 Mar 2026 quarterly Mar 1990 - Mar 2026
Chile (USD mn) 292,326.0 Jun 2026 monthly Dec 1995 - Jun 2026
China (USD mn) 2,412,079.9 Mar 2026 quarterly Jun 2003 - Mar 2026
Colombia (USD mn) 211,584.3 Sep 2025 monthly Jan 2001 - Sep 2025
Croatia (USD mn) 52,854.6 Dec 2022 monthly Dec 1998 - Dec 2022
Cyprus (USD mn) 261,071.6 Mar 2026 quarterly Mar 2008 - Mar 2026
Czech Republic (USD mn) 275,438.3 Dec 2025 quarterly Dec 1993 - Dec 2025
Denmark (USD mn) 687,617.9 Dec 2025 quarterly Dec 2005 - Dec 2025
Ecuador (USD mn) 66,465.7 May 2026 monthly Jan 1994 - May 2026
Egypt (USD mn) 164,776.4 Mar 2026 quarterly Jun 1997 - Mar 2026
Estonia (USD mn) 48,378.7 Mar 2026 quarterly Mar 1996 - Mar 2026
European Union (USD mn) 20,185,195.6 Mar 2026 quarterly Mar 2013 - Mar 2026
Finland (USD mn) 683,145.2 Mar 2026 quarterly Mar 1991 - Mar 2026
France (USD mn) 9,249,481.5 Mar 2026 quarterly Jun 2004 - Mar 2026
Georgia (USD mn) 27,112.8 Mar 2026 quarterly Dec 1999 - Mar 2026
Germany (USD mn) 8,139,666.9 Mar 2026 quarterly Jun 1999 - Mar 2026
Ghana (USD mn) 29,119.8 Mar 2026 monthly Jan 2012 - Mar 2026
Greece (USD mn) 692,853.6 Dec 2025 quarterly Dec 2003 - Dec 2025
Hong Kong SAR, China (USD mn) 2,121,220.9 Mar 2026 quarterly Mar 2001 - Mar 2026
Hungary (USD mn) 313,632.0 Mar 2026 quarterly Mar 2006 - Mar 2026
Iceland (USD mn) 29,822.5 Dec 2025 quarterly Dec 1989 - Dec 2025
India (USD mn) 762,765.6 Mar 2026 quarterly Sep 1999 - Mar 2026
Indonesia (USD mn) 444,400.5 May 2026 monthly Jan 2008 - May 2026
Iran (USD mn) 4,861.6 2025 yearly 1994 - 2025
Ireland (USD mn) 3,899,228.5 Mar 2026 quarterly Dec 2002 - Mar 2026
Israel (USD mn) 175,192.3 Mar 2026 quarterly Mar 2011 - Mar 2026
Italy (USD mn) 3,268,991.5 Mar 2026 quarterly Dec 2002 - Mar 2026
Ivory Coast (USD mn) 40,561.0 2024 yearly 1970 - 2024
Japan (USD mn) 4,786,710.0 Mar 2026 quarterly Mar 2003 - Mar 2026
Jordan (USD mn) 46,020.7 Mar 2026 quarterly Dec 2006 - Mar 2026
Kazakhstan (USD mn) 182,778.2 Mar 2026 quarterly Dec 2000 - Mar 2026
Kenya (USD mn) 42,337.5 Dec 2025 monthly Sep 1999 - Dec 2025
South Korea (USD mn) 774,390.2 Mar 2026 quarterly Dec 1994 - Mar 2026
Kosovo (USD mn) 5,617.7 Mar 2026 quarterly Dec 2011 - Mar 2026
Kuwait (USD mn) 94,837.9 Dec 2025 quarterly Mar 2018 - Dec 2025
Kyrgyzstan (USD mn) 12,526.6 Dec 2025 quarterly Dec 2005 - Dec 2025
Laos (USD mn) 10,961.3 2025 yearly 1996 - 2025
Latvia (USD mn) 52,269.8 Mar 2026 quarterly Mar 2000 - Mar 2026
Lebanon (USD mn) 34,590.0 Jun 2024 quarterly Dec 2007 - Jun 2024
Lithuania (USD mn) 92,027.8 Dec 2025 quarterly Dec 1996 - Dec 2025
Luxembourg (USD mn) 4,055,474.5 Mar 2026 quarterly Dec 2002 - Mar 2026
North Macedonia (USD mn) 14,863.9 Mar 2026 quarterly Dec 2005 - Mar 2026
Malawi (MWK mn) 5,887,049.3 2023 yearly 1984 - 2023
Malaysia (USD mn) 355,717.9 Mar 2026 quarterly Mar 2009 - Mar 2026
Malta (USD mn) 227,894.4 Mar 2026 quarterly Mar 2004 - Mar 2026
Mauritius (USD mn) 204,749.9 Jun 2026 quarterly Dec 2009 - Jun 2026
Mexico (USD mn) 447,827.9 Dec 2021 quarterly Mar 2002 - Dec 2021
Moldova (USD mn) 12,088.2 Mar 2026 quarterly Mar 2009 - Mar 2026
Mongolia (USD mn) 40,217.5 Mar 2026 quarterly Mar 2000 - Mar 2026
Montenegro (USD mn) 8,741.3 2024 yearly 2006 - 2024
Morocco (USD mn) 64,781.6 Dec 2022 quarterly Dec 2006 - Dec 2022
Mozambique (USD mn) 9,721.2 2025 yearly 1985 - 2025
Myanmar (USD mn) 11,174.8 2024 yearly 1970 - 2024
Nepal (USD mn) 10,519.7 Sep 2024 quarterly Mar 2012 - Sep 2024
Netherlands (USD mn) 4,877,310.9 Mar 2026 quarterly Jun 2003 - Mar 2026
New Zealand (USD mn) 257,677.5 Mar 2026 quarterly Mar 1993 - Mar 2026
Nigeria (USD mn) 51,904.1 Mar 2026 quarterly Dec 2006 - Mar 2026
Norway (USD mn) 875,596.2 Mar 2026 quarterly Mar 2003 - Mar 2026
Pakistan (USD mn) 137,557.8 Mar 2026 quarterly Jun 2006 - Mar 2026
Palestinian Territory (USD mn) 1,535.0 Dec 2018 monthly Dec 2012 - Dec 2018
Panama (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
Paraguay (USD mn) 29,733.3 Dec 2025 quarterly Mar 2008 - Dec 2025
Peru (USD mn) 112,432.1 Mar 2026 quarterly Mar 2012 - Mar 2026
Philippines (USD mn) 147,650.8 Dec 2025 quarterly Mar 2005 - Dec 2025
Poland (USD mn) 552,542.0 Mar 2026 quarterly Mar 1999 - Mar 2026
Portugal (USD mn) 523,226.4 Dec 2025 quarterly Mar 1996 - Dec 2025
Qatar (USD mn) 194,500.0 2018 yearly 2000 - 2018
Romania (USD mn) 259,675.2 Sep 2025 monthly Dec 2004 - Sep 2025
Russia (USD mn) 299,063.7 Mar 2026 quarterly Dec 2000 - Mar 2026
Serbia (USD mn) 59,933.0 Mar 2026 quarterly Mar 2003 - Mar 2026
Singapore (USD mn) 2,584,736.4 Mar 2026 quarterly Jun 2003 - Mar 2026
Slovakia (USD mn) 161,824.5 Dec 2025 quarterly Mar 1993 - Dec 2025
Slovenia (USD mn) 74,360.0 Sep 2025 monthly Dec 1994 - Sep 2025
South Africa (USD mn) 195,932.0 Mar 2026 quarterly Dec 1985 - Mar 2026
Spain (USD mn) 3,290,552.1 Mar 2026 quarterly Mar 1993 - Mar 2026
Sri Lanka (USD mn) 54,524.8 Mar 2026 quarterly Dec 2012 - Mar 2026
Sudan (USD mn) 62,400.0 2021 yearly 2001 - 2021
Sweden (USD mn) 1,154,694.2 Mar 2026 quarterly Mar 1999 - Mar 2026
Switzerland (USD mn) 2,519,516.6 Mar 2026 quarterly Dec 1999 - Mar 2026
Taiwan, China (USD mn) 236,510.0 Sep 2025 quarterly Jun 1999 - Sep 2025
Tajikistan (USD mn) 6,423.5 Mar 2026 quarterly Jun 2015 - Mar 2026
Thailand (USD mn) 209,742.9 Mar 2026 quarterly Mar 1999 - Mar 2026
Tunisia (USD mn) 42,946.5 Mar 2026 quarterly Dec 2009 - Mar 2026
Turkey (USD mn) 564,897.1 Sep 2025 quarterly Dec 1989 - Sep 2025

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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) 702.397 Jun 2026 monthly Jan 1995 - Jun 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) 820,038.442 Jun 2026 monthly Jan 1995 - Jun 2026
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 488,924.110 Jun 2026 monthly Jan 1995 - Jun 2026
Central Government Revenue: Current Revenue: Tax (PAB th) 702,397.294 Jun 2026 monthly Jan 1995 - Jun 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) 32.354 Apr 2026 monthly Jan 1970 - Apr 2026
Total Imports from USA (USD mn) 274.352 Apr 2026 monthly Jan 1967 - Apr 2026
Total Exports to China (USD mn) 1,311.685 2023 yearly 1999 - 2023
Total Imports from China (USD mn) 214.241 Apr 2026 monthly Mar 1989 - Apr 2026
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 233,057.000 2023 yearly 1999 - 2023
Exports: FOB: America: NAFTA: USA (PAB th) 145,828.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,311,685.000 2023 yearly 1999 - 2023
Exports: FOB: America: NAFTA: Mexico (PAB th) 46,106.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 66,371.000 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: NAFTA: USA (PAB th) 2,729,967.000 2023 yearly 1999 - 2023
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 299,244.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 47,260.000 2023 yearly 1999 - 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
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
BoP: CA: Services (PAB mn) 4,646.733 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income (PAB mn) -1,006.464 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: Capital Account (PAB mn) 1.600 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: Goods: Credit (PAB mn) 4,691.336 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods: Debit (PAB mn) -7,038.145 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Portfolio Investment: Assets (PAB mn) 909.219 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: 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: Direct Investment (PAB mn) -12.889 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income: Credit (PAB mn) 1,072.184 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services: Credit (PAB mn) 5,998.538 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Financial Account (FA) (PAB mn) 820.065 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 (%) 1.4 Jun 2026 monthly Dec 2008 - Jun 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) 9,942.420 May 2026 monthly Dec 2002 - May 2026
Money Supply M2 (USD mn) 47,973.380 Jun 2026 monthly Dec 2002 - Jun 2026
M2 Growth (%) 6.5 May 2026 monthly Dec 2003 - May 2026
Foreign Exchange Reserves (USD mn) 4,853.0 Jun 2026 monthly Oct 1969 - Jun 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) 121,865.951 Jun 2026 monthly Dec 1998 - Jun 2026
Total Deposits Growth (%) 7.7 Jun 2026 monthly Dec 1999 - Jun 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) 105,620.394 Jun 2026 monthly Dec 1998 - Jun 2026
Total Loans Growth (%) 3.69 Jun 2026 monthly Dec 1999 - Jun 2026
Private Debt: % of Nominal GDP (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Money Supply: M3 (PAB mn) 47,368.770 May 2026 monthly Dec 2002 - May 2026
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,537.256 May 2026 monthly Dec 2002 - May 2026

More Indicators for Panama

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