Panama External Debt: % of GDP

2014 - 2020 | Yearly | % | CEIC Data

Key information about Panama`s External Debt: % of GDP

  • Panama External Debt accounted for 201.9 % of the country's Nominal GDP in 2020, compared with the ratio of 156.8 % in the previous year.
  • Panama External Debt: % of Nominal GDP data is updated yearly, available from Dec 2014 to Dec 2020.
  • The data reached an all-time high of 201.9 % in Dec 2020 and a record low of 147.6 % in Dec 2017.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. World Bank provides External Debt in USD. The National Institute of Statistics and Census provides Nominal GDP in local currency based on benchmark year 2007. The International Monetary Fund average market exchange rate is used for currency conversions.


Related information about Panama`s External Debt: % of GDP

  • In the latest reports of Panama, Current Account recorded a deficit of 225.2 USD mn in Mar 2021.
  • Foreign Direct Investment (FDI) increased by 453.6 USD mn in Mar 2021.
  • Panama Direct Investment Abroad expanded by 24.2 USD mn in Mar 2021.
  • Its Foreign Portfolio Investment increased by 2.1 USD bn in Mar 2021.
  • The country's External Debt reached 31,734.8 in May 2021.
  • The country's Nominal GDP was reported at 15.0 USD bn in Dec 2020.

View Panama's External Debt: % of GDP from 2014 to 2020 in the chart:

Panama External Debt: % of GDP

What was Panama's External Debt: % of GDP in 2020?

Panama External Debt accounted for 201.9 % of the country's Nominal GDP in 2020, compared with the ratio of 156.8 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
201.9 2020 156.8 2019 147.6 2017 201.9 2020 % yearly 2014 - 2020

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 65.6 2020 yearly 1991 - 2020
Algeria (%) 2.2 2019 yearly 1970 - 2019
Argentina (%) 70.7 2020 yearly 1994 - 2020
Armenia (%) 102.3 2020 yearly 2000 - 2020
Australia (%) 129.1 2020 yearly 1988 - 2020
Austria (%) 164.9 2020 yearly 1997 - 2020
Azerbaijan (%) 20.7 Dec 2020 quarterly Dec 2001 - Dec 2020
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 70.2 Dec 2020 quarterly Dec 2000 - Dec 2020
Belgium (%) 264.3 2020 yearly 2007 - 2020
Bolivia (%) 33.0 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) 25.5 2020 yearly 1999 - 2020
Botswana (%) 8.6 2020 yearly 1995 - 2020
Brazil (%) 38.4 2020 yearly 1992 - 2020
Bulgaria (%) 64.6 2020 yearly 1999 - 2020
Cambodia (%) 69.9 2020 yearly 2010 - 2020
Canada (%) 142.8 2020 yearly 1990 - 2020
Chile (%) 82.4 2020 yearly 1971 - 2020
China (%) 16.3 2020 yearly 1985 - 2020
Colombia (%) 56.7 2020 yearly 1970 - 2020
Croatia (%) 87.9 2020 yearly 1998 - 2020
Cyprus (%) 908.4 2020 yearly 2004 - 2020
Czech Republic (%) 75.5 2020 yearly 1995 - 2020
Denmark (%) 157.0 2020 yearly 2005 - 2020
Ecuador (%) 57.4 2020 yearly 1970 - 2020
Egypt (%) 33.9 Sep 2020 quarterly Jun 1999 - Sep 2020
Estonia (%) 91.1 2020 yearly 1996 - 2020
European Union (%) 130.3 2020 yearly 2008 - 2020
Finland (%) 225.1 2020 yearly 1991 - 2020
France (%) 261.7 2020 yearly 2004 - 2020
Georgia (%) 129.8 2020 yearly 1999 - 2020
Germany (%) 163.7 2020 yearly 1999 - 2020
Ghana (%) 34.2 2020 yearly 1999 - 2020
Greece (%) 298.2 2020 yearly 2003 - 2020
Hong Kong SAR, China (%) 514.2 2020 yearly 2001 - 2020
Hungary (%) 155.9 2020 yearly 2006 - 2020
Iceland (%) 83.5 2020 yearly 1989 - 2020
India (%) 21.1 2021 yearly 1970 - 2021
Indonesia (%) 39.3 2020 yearly 2003 - 2020
Iran (%) 1.1 2021 yearly 1994 - 2021
Ireland (%) 701.2 2020 yearly 2002 - 2020
Israel (%) 32.9 2020 yearly 1998 - 2020
Italy (%) 140.2 2020 yearly 2002 - 2020
Ivory Coast (%) 24.0 2018 yearly 1994 - 2018
Japan (%) 92.8 2020 yearly 2003 - 2020
Jordan (%) 82.1 2020 yearly 1970 - 2020
Kazakhstan (%) 96.5 Dec 2020 quarterly Mar 2002 - Dec 2020
Kenya (%) 33.1 2019 yearly 2015 - 2019
South Korea (%) 33.3 2020 yearly 1994 - 2020
Kosovo (%) 37.2 2020 yearly 2007 - 2020
Kuwait (%) 50.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 112.9 2020 yearly 2003 - 2020
Laos (%) 52.6 2019 yearly 1996 - 2019
Latvia (%) 124.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Lebanon (%) 62.8 2019 yearly 2007 - 2019
Lithuania (%) 75.7 2020 yearly 1996 - 2020
Luxembourg (%) 5,173.1 2020 yearly 2002 - 2020
North Macedonia (%) 80.2 2020 yearly 2004 - 2020
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 67.6 2020 yearly 2009 - 2020
Malta (%) 678.6 2020 yearly 2004 - 2020
Mauritius (%) 2,062.5 2020 yearly 2009 - 2020
Mexico (%) 42.8 2020 yearly 2002 - 2020
Moldova (%) 70.1 2020 yearly 2000 - 2020
Mongolia (%) 243.1 2020 yearly 1992 - 2020
Montenegro (%) 150.5 2019 yearly 2006 - 2019
Morocco (%) 53.6 2020 yearly 1970 - 2020
Mozambique (%) 71.8 2017 yearly 1985 - 2017
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 443.8 2020 yearly 2003 - 2020
New Zealand (%) 90.3 2020 yearly 1993 - 2020
Nigeria (%) 7.8 2020 yearly 1985 - 2020
Norway (%) 180.1 2020 yearly 2003 - 2020
Pakistan (%) 41.0 2021 yearly 2000 - 2021
Palestinian Territory (%) 35.4 2018 yearly 2012 - 2018
Panama (%) 201.9 2020 yearly 2014 - 2020
Paraguay (%) 53.8 2020 yearly 2000 - 2020
Peru (%) 43.3 2020 yearly 1980 - 2020
Philippines (%) 27.2 2020 yearly 1990 - 2020
Poland (%) 60.6 2020 yearly 1995 - 2020
Portugal (%) 205.2 2020 yearly 1996 - 2020
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 58.1 2020 yearly 1995 - 2020
Russia (%) 31.5 2020 yearly 1993 - 2020
Serbia (%) 61.5 2020 yearly 2000 - 2020
Singapore (%) 471.3 2020 yearly 2003 - 2020
Slovakia (%) 121.2 2020 yearly 1995 - 2020
Slovenia (%) 101.9 2020 yearly 2001 - 2020
South Africa (%) 50.8 2020 yearly 1985 - 2020
Spain (%) 198.8 2020 yearly 1995 - 2020
Sri Lanka (%) 61.1 2020 yearly 1994 - 2020
Sudan (%) 120.5 2019 yearly 2001 - 2019
Sweden (%) 164.2 2020 yearly 1997 - 2020
Switzerland (%) 283.3 2020 yearly 1999 - 2020
Taiwan (%) 28.4 2020 yearly 1999 - 2020
Tajikistan (%) 37.5 2020 yearly 2000 - 2020
Thailand (%) 36.7 Dec 2020 quarterly Mar 2005 - Dec 2020
Tunisia (%) 100.9 2020 yearly 2002 - 2020
Turkey (%) 60.4 2020 yearly 1989 - 2020
Ukraine (%) 80.8 2020 yearly 1993 - 2020

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Panama Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.1 2020 yearly 2003 - 2020
Consolidated Fiscal Balance (USD mn) -5,350.400 2020 yearly 2003 - 2020
Tax Revenue (USD mn) 335.830 Aug 2021 monthly Jan 1995 - Aug 2021
Tax Revenue: % of GDP (%) 7.5 Dec 2020 quarterly Mar 2007 - Dec 2020
National Government Debt (USD mn) 38,405.1 Mar 2021 monthly Jul 2004 - Mar 2021
Government Debt: % of GDP (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Forecast: Government Expenditure (PAB bn) 19.526 2026 yearly 1994 - 2026
Forecast: Government Net Debt (PAB bn) 46.957 2026 yearly 1994 - 2026
Forecast: Government Revenue (PAB bn) 18.214 2026 yearly 1994 - 2026
Central Government Revenue: Current Revenue: Tax (PAB th) 335,829.810 Aug 2021 monthly Jan 1995 - Aug 2021
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 162,728.015 Aug 2021 monthly Jan 1995 - Aug 2021
Central Government Revenue: Current Revenue (PAB th) 439,156.731 Aug 2021 monthly Jan 1995 - Aug 2021
Central Government Operations: Total Expenditure (PAB th) 13,335,911.222 2019 yearly 2000 - 2019
Central Government Operations: Total Revenue (PAB th) 13,334,761.468 2019 yearly 2000 - 2019
CGO: Expenditure: Current (USD mn) 7,991.800 2020 yearly 1993 - 2020
CGO: Overall Balance, Accrual Basis (USD mn) -4,886.300 2020 yearly 1993 - 2020
CGO: Expenditure: Capital (USD mn) 3,521.600 2020 yearly 1993 - 2020
Public Debt: Domestic (USD mn) 7,601.199 Aug 2021 monthly Jul 2004 - Aug 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 8.803 2026 yearly 1980 - 2026
Trade Balance (USD mn) -698.6 Aug 2021 monthly Jan 1964 - Aug 2021
Total Exports (USD mn) 281.0 Jul 2021 monthly Jan 2000 - Jul 2021
Total Exports Growth (%) 71.1 Aug 2021 monthly Jan 2001 - Aug 2021
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 783,947.551 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 136,348.851 2020 yearly 1995 - 2020
Total Imports (USD mn) 963.6 Jul 2021 monthly Jan 2000 - Jul 2021
Total Imports Growth (%) 74.7 Aug 2021 monthly Jan 2001 - Aug 2021
Imports: Medicament (USD th) 626,096.790 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 150,384.506 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 155.619 Jan 2021 monthly Jan 1967 - Jan 2021
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 74.919 Feb 2021 monthly Mar 1989 - Feb 2021
Exports: FOB: Seafood Products (PAB th) 4,970.802 Jul 2021 monthly Jan 2002 - Jul 2021
Exports: FOB (PAB th) 281,047.882 Jul 2021 monthly Jan 2000 - Jul 2021
Exports: FOB: Banana (PAB th) 16,320.606 Jul 2021 monthly Jan 2000 - Jul 2021
Exports: FOB: Prawn (PAB th) 3,743.351 Jul 2021 monthly Jan 2000 - Jul 2021
Exports: FOB: America: NAFTA: USA (PAB th) 98,611.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: China (PAB th) 59,703.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 8,314.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 23,331.000 2019 yearly 1999 - 2019
Exports: FOB: America: NAFTA: Mexico (PAB th) 16,208.000 2019 yearly 1999 - 2019
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: ASEAN: Thailand (PAB th) 107,590.000 2019 yearly 1999 - 2019
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 197,511.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: Rest of Asia: China (PAB th) 1,290,075.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 52,583.000 2019 yearly 1999 - 2019
Imports: CIF: America: NAFTA: USA (PAB th) 3,263,993.000 2019 yearly 1999 - 2019
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 24.2 Mar 2021 quarterly Mar 2013 - Mar 2021
Current Account Balance (USD mn) -225.2 Mar 2021 quarterly Mar 1998 - Mar 2021
Current Account Balance: % of GDP (%) -1.5 Mar 2021 quarterly Mar 2007 - Mar 2021
Foreign Direct Investment (USD mn) 453.6 Mar 2021 quarterly Mar 1998 - Mar 2021
Foreign Direct Investment: % of GDP (%) 3.1 Mar 2021 quarterly Mar 2007 - Mar 2021
Foreign Portfolio Investment (USD mn) 2,062.046 Mar 2021 quarterly Mar 2013 - Mar 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2020 quarterly Mar 2007 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2020 quarterly Mar 2013 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -37.105 Dec 2020 quarterly Mar 2013 - Dec 2020
External Debt (USD mn) 31,734.8 May 2021 monthly Jul 2004 - May 2021
External Debt: % of GDP (%) 201.9 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 36,260.8 Sep 2020 quarterly Sep 2014 - Sep 2020
External Debt: Short Term: % of GDP (%) 67.4 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.242 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -64,252.281 Dec 2020 quarterly Mar 2002 - Dec 2020
BoP: CA: Goods: Debit (PAB mn) -4,254.840 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Income: Credit (PAB mn) 346.440 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Financing: Reserve Assets (PAB mn) 789.094 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Net Errors and Omissions (PAB mn) -1,261.826 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Goods: Credit (PAB mn) 3,393.731 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Income (PAB mn) -1,029.220 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,062.046 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Services (PAB mn) 1,597.067 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Income: Debit (PAB mn) -1,375.659 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Financial Account (FA) (PAB mn) 893.916 Mar 2021 quarterly Mar 2013 - Mar 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -225.238 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Services: Credit (PAB mn) 2,488.392 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Capital Account (PAB mn) 1.076 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: FA: Direct Investment (PAB mn) 429.342 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Goods (PAB mn) -861.109 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Services: Debit (PAB mn) -891.324 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Capital Account: Credit (PAB mn) 1.076 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,250.161 Mar 2021 quarterly Mar 2013 - Mar 2021
IIP: Liabilities (USD mn) 143,519.164 Mar 2021 quarterly Mar 2015 - Mar 2021
IIP: Assets (USD mn) 77,372.507 Mar 2021 quarterly Mar 2015 - Mar 2021
International Investment Position (IIP) (USD mn) -66,146.657 Mar 2021 quarterly Mar 2015 - Mar 2021
Foreign Direct Investment (FDI) (PAB mn) 453.585 Mar 2021 quarterly Mar 2013 - Mar 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Mar 2021 monthly Dec 2008 - Mar 2021
Household Debt: % of GDP (%) 52.3 Dec 2020 quarterly Dec 2007 - Dec 2020
Non-Performing Loans (USD mn) 1,242.084 Mar 2021 monthly Dec 2008 - Mar 2021
Money Supply M1 (USD mn) 9,207.650 Jul 2021 monthly Dec 2002 - Jul 2021
Money Supply M2 (USD mn) 36,600.738 Jul 2021 monthly Dec 2002 - Jul 2021
M2 Growth (%) -15.3 Aug 2021 monthly Dec 2003 - Aug 2021
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 15.921 Jun 2021 quarterly Dec 2007 - Jun 2021
Foreign Exchange Reserves: Months of Import (NA) 8.4 Jul 2021 monthly Jan 2000 - Jul 2021
Gold Reserves (USD mn) 0.000 Aug 2021 monthly Sep 1969 - Aug 2021
Total Deposits (USD mn) 96,534.893 Aug 2021 monthly Dec 1998 - Aug 2021
Total Deposits Growth (%) 9.3 Mar 2021 monthly Dec 1999 - Mar 2021
Domestic Credit (USD mn) 54,446.8 Aug 2021 monthly Dec 2001 - Aug 2021
Domestic Credit Growth (%) 0.1 Aug 2021 monthly Dec 2002 - Aug 2021
Household Debt (USD mn) 28,166.2 Jul 2021 monthly Oct 2005 - Jul 2021
Total Loans (USD mn) 73,712.538 Mar 2021 monthly Dec 1998 - Mar 2021
Total Loans Growth (%) -4.37 Apr 2021 monthly Dec 1999 - Apr 2021
Private Debt: % of Nominal GDP (%) 97.01 Dec 2020 quarterly Dec 2007 - Dec 2020
Money Supply: M3 (PAB mn) 36,600.738 Jul 2021 monthly Dec 2002 - Jul 2021
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,577.824 Aug 2021 monthly Dec 2002 - Aug 2021

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