Panama External Debt: % of GDP
2014 - 2021 | Yearly | % | CEIC Data
Key information about Panama External Debt: % of GDP
- Panama External Debt accounted for 167.4 % of the country's Nominal GDP in 2021, compared with the ratio of 187.2 % in the previous year.
- Panama External Debt: % of Nominal GDP data is updated yearly, available from Dec 2014 to Dec 2021.
- The data reached an all-time high of 187.2 % in Dec 2020 and a record low of 146.9 % in Dec 2018.
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 2018. The International Monetary Fund average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 2018 is calculated from Nominal GDP based on SNA 1993.
Related information about Panama External Debt: % of GDP
- In the latest reports of Panama, Current Account recorded a deficit of 3.0 USD bn in Sep 2022.
- Foreign Direct Investment (FDI) increased by 698.7 USD mn in Sep 2022.
- Panama Direct Investment Abroad expanded by 133.8 USD mn in Sep 2022.
- Its Foreign Portfolio Investment fell by 5.7 USD mn in Sep 2022.
- The country's External Debt reached 38,394.1 in May 2023.
- The country's Nominal GDP was reported at 18.1 USD bn in Sep 2022.
View Panama's External Debt: % of GDP from 2014 to 2021 in the chart:
What was Panama's External Debt: % of GDP in 2021?
Panama External Debt accounted for 167.4 % of the country's Nominal GDP in 2021, compared with the ratio of 187.2 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 167.4 2021 | 187.2 2020 | 146.9 2018 | 187.2 2020 | % | yearly | 2014 - 2021 |
External Debt: % of GDP by Country Comparison
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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 54.3 2022 | yearly | 1991 - 2022 |
| Algeria (%) | 1.9 2021 | yearly | 1970 - 2021 |
| Argentina (%) | 44.9 2022 | yearly | 1994 - 2022 |
| Armenia (%) | 78.2 2022 | yearly | 2000 - 2022 |
| Australia (%) | 117.2 2022 | yearly | 1988 - 2022 |
| Austria (%) | 149.2 2022 | yearly | 1997 - 2022 |
| Azerbaijan (%) | 14.9 Dec 2021 | quarterly | Dec 2001 - Dec 2021 |
| Bangladesh (%) | 11.4 2017 | yearly | 1997 - 2017 |
| Belarus (%) | 48.9 Jun 2023 | quarterly | Dec 2000 - Jun 2023 |
| Belgium (%) | 237.9 2022 | yearly | 2007 - 2022 |
| Bolivia (%) | 35.2 2022 | yearly | 2006 - 2022 |
| Bosnia and Herzegovina (%) | 20.8 2022 | yearly | 1999 - 2022 |
| Botswana (%) | 7.3 2023 | yearly | 1995 - 2023 |
| Brazil (%) | 30.0 2022 | yearly | 1992 - 2022 |
| Bulgaria (%) | 51.6 2022 | yearly | 1999 - 2022 |
| Cambodia (%) | 75.6 2022 | yearly | 2010 - 2022 |
| Canada (%) | 128.8 2022 | yearly | 1990 - 2022 |
| Chile (%) | 77.4 2022 | yearly | 1971 - 2022 |
| China (%) | 13.6 2022 | yearly | 1985 - 2022 |
| Colombia (%) | 53.4 2022 | yearly | 1970 - 2022 |
| Croatia (%) | 75.0 2022 | yearly | 1998 - 2022 |
| Cyprus (%) | 609.6 2022 | yearly | 2004 - 2022 |
| Czech Republic (%) | 65.6 2022 | yearly | 1995 - 2022 |
| Denmark (%) | 122.9 2022 | yearly | 2005 - 2022 |
| Ecuador (%) | 52.2 2022 | yearly | 1970 - 2022 |
| Egypt (%) | 40.3 Jun 2023 | quarterly | Jun 1999 - Jun 2023 |
| Estonia (%) | 84.7 2022 | yearly | 1996 - 2022 |
| European Union (%) | 116.8 2022 | yearly | 2008 - 2022 |
| Finland (%) | 214.7 2022 | yearly | 1991 - 2022 |
| France (%) | 245.8 2022 | yearly | 2004 - 2022 |
| Georgia (%) | 94.6 2022 | yearly | 1999 - 2022 |
| Germany (%) | 155.8 2022 | yearly | 1999 - 2022 |
| Ghana (%) | 35.7 2021 | yearly | 1999 - 2021 |
| Greece (%) | 263.2 2022 | yearly | 2003 - 2022 |
| Hong Kong SAR, China (%) | 503.8 2022 | yearly | 2001 - 2022 |
| Hungary (%) | 152.6 2022 | yearly | 2006 - 2022 |
| Iceland (%) | 78.9 2022 | yearly | 1989 - 2022 |
| India (%) | 18.9 2023 | yearly | 1970 - 2023 |
| Indonesia (%) | 30.1 2022 | yearly | 2003 - 2022 |
| Iran (%) | 0.5 2022 | yearly | 1994 - 2022 |
| Ireland (%) | 577.2 2022 | yearly | 2002 - 2022 |
| Israel (%) | 29.1 2022 | yearly | 1998 - 2022 |
| Italy (%) | 129.0 2022 | yearly | 2002 - 2022 |
| Ivory Coast (%) | 31.4 2021 | yearly | 1994 - 2021 |
| Japan (%) | 104.6 2022 | yearly | 2003 - 2022 |
| Jordan (%) | 80.1 2022 | yearly | 1970 - 2022 |
| Kazakhstan (%) | 67.1 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
| Kenya (%) | 35.0 2022 | yearly | 2006 - 2022 |
| South Korea (%) | 39.8 2022 | yearly | 1994 - 2022 |
| Kosovo (%) | 38.4 2022 | yearly | 2007 - 2022 |
| Kuwait (%) | 58.5 2020 | yearly | 2014 - 2020 |
| Kyrgyzstan (%) | 84.4 2022 | yearly | 2003 - 2022 |
| Laos (%) | 68.0 2022 | yearly | 1996 - 2022 |
| Latvia (%) | 98.8 Jun 2023 | quarterly | Mar 2000 - Jun 2023 |
| Lebanon (%) | 53.0 2020 | yearly | 2007 - 2020 |
| Lithuania (%) | 67.6 2022 | yearly | 1996 - 2022 |
| Luxembourg (%) | 4,521.9 2022 | yearly | 2002 - 2022 |
| North Macedonia (%) | 83.7 2022 | yearly | 2004 - 2022 |
| Malawi (%) | 60.1 2021 | yearly | 2006 - 2021 |
| Malaysia (%) | 63.9 2022 | yearly | 2009 - 2022 |
| Malta (%) | 984.0 2022 | yearly | 2004 - 2022 |
| Mauritius (%) | 1,436.0 2022 | yearly | 2009 - 2022 |
| Mexico (%) | 39.7 2022 | yearly | 2002 - 2022 |
| Moldova (%) | 65.6 2022 | yearly | 2000 - 2022 |
| Mongolia (%) | 194.5 2022 | yearly | 1992 - 2022 |
| Montenegro (%) | 180.1 2021 | yearly | 2006 - 2021 |
| Morocco (%) | 50.9 2022 | yearly | 1970 - 2022 |
| Mozambique (%) | 71.7 2020 | yearly | 1985 - 2020 |
| Myanmar (%) | 16.7 2020 | yearly | 2018 - 2020 |
| Nepal (%) | 17.3 2016 | yearly | 2001 - 2016 |
| Netherlands (%) | 374.5 2022 | yearly | 2003 - 2022 |
| New Zealand (%) | 85.1 2022 | yearly | 1993 - 2022 |
| Nigeria (%) | 8.9 2022 | yearly | 1985 - 2022 |
| Norway (%) | 135.8 2022 | yearly | 2003 - 2022 |
| Pakistan (%) | 36.5 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (%) | 11.5 2022 | yearly | 2012 - 2022 |
| Panama (%) | 167.4 2021 | yearly | 2014 - 2021 |
| Paraguay (%) | 53.7 2022 | yearly | 2000 - 2022 |
| Peru (%) | 41.8 2022 | yearly | 1980 - 2022 |
| Philippines (%) | 27.5 2022 | yearly | 1990 - 2022 |
| Poland (%) | 53.0 2022 | yearly | 1995 - 2022 |
| Portugal (%) | 166.0 2022 | yearly | 1996 - 2022 |
| Qatar (%) | 106.1 2018 | yearly | 2000 - 2018 |
| Romania (%) | 50.3 2022 | yearly | 1995 - 2022 |
| Russia (%) | 17.1 2022 | yearly | 1993 - 2022 |
| Serbia (%) | 69.4 2022 | yearly | 2000 - 2022 |
| Singapore (%) | 385.6 2022 | yearly | 2003 - 2022 |
| Slovakia (%) | 103.1 2022 | yearly | 1995 - 2022 |
| Slovenia (%) | 87.9 2022 | yearly | 2001 - 2022 |
| South Africa (%) | 40.5 2022 | yearly | 1985 - 2022 |
| Spain (%) | 193.4 2021 | yearly | 1995 - 2021 |
| Sri Lanka (%) | 74.7 2022 | yearly | 1998 - 2022 |
| Sudan (%) | 202.2 2021 | yearly | 2001 - 2021 |
| Sweden (%) | 170.5 2022 | yearly | 1997 - 2022 |
| Switzerland (%) | 272.8 2022 | yearly | 1999 - 2022 |
| Taiwan (%) | 26.5 2022 | yearly | 1999 - 2022 |
| Tajikistan (%) | 37.7 2021 | yearly | 2000 - 2021 |
| Thailand (%) | 38.1 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Tunisia (%) | 92.1 2022 | yearly | 2002 - 2022 |
| Turkey (%) | 51.3 2022 | yearly | 1989 - 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.9 2022 | yearly | 2003 - 2022 |
| Consolidated Fiscal Balance (USD mn) | -3,005.500 2022 | yearly | 2003 - 2022 |
| Tax Revenue (USD mn) | 356.365 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
| Tax Revenue: % of GDP (%) | 6.9 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| National Government Debt (USD mn) | 45,796.2 Sep 2023 | monthly | Jul 2004 - Sep 2023 |
| Government Debt: % of GDP (%) | 62.3 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| 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: Tax (PAB th) | 356,364.582 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 152,141.487 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
| Central Government Revenue: Current Revenue (PAB th) | 456,508.049 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
| Public Debt: Domestic (USD mn) | 7,360.973 Sep 2023 | monthly | Jul 2004 - Sep 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -753.6 Jul 2023 | monthly | Jan 1964 - Jul 2023 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | 109.9 Jul 2023 | monthly | Jan 2001 - Jul 2023 |
| Aluminum: Exports (USD th) | 5,167.980 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) | 1,191.9 Jul 2023 | monthly | Jan 2000 - Jul 2023 |
| Total Imports Growth (%) | -1.1 Jul 2023 | monthly | Jan 2001 - Jul 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) | 16.323 Jul 2023 | monthly | Jan 1970 - Jul 2023 |
| Total Imports from USA (USD mn) | 183.828 Jul 2023 | monthly | Jan 1967 - Jul 2023 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 122.307 Jul 2023 | monthly | Mar 1989 - Jul 2023 |
| Exports: FOB: Prawn (PAB th) | 6,114.281 Jul 2023 | monthly | Jan 2000 - Jul 2023 |
| Exports: FOB: Seafood Products (PAB th) | 6,379.667 Jul 2023 | monthly | Jan 2002 - Jul 2023 |
| Exports: FOB: Banana (PAB th) | 9,670.675 Jul 2023 | monthly | Jan 2000 - Jul 2023 |
| Exports: FOB (PAB th) | 438,243.229 Jul 2023 | monthly | Jan 2000 - Jul 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 |
| 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) | -78.4 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| Current Account Balance (USD mn) | 1,101.8 Mar 2023 | quarterly | Mar 1998 - Mar 2023 |
| Current Account Balance: % of GDP (%) | -16.7 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Foreign Direct Investment (USD mn) | 828.1 Mar 2023 | quarterly | Mar 1998 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 3.9 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Foreign Portfolio Investment (USD mn) | 1,626.219 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| Foreign Portfolio Investment: % of GDP (%) | -0.0 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 1,626.219 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| External Debt (USD mn) | 38,435.2 Sep 2023 | monthly | Jul 2004 - Sep 2023 |
| 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) | -2.743 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -70,928.394 Mar 2023 | quarterly | Mar 2002 - Mar 2023 |
| BoP: Net Errors and Omissions (PAB mn) | -873.539 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 1,101.789 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Goods: Credit (PAB mn) | 5,115.466 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Goods: Debit (PAB mn) | -6,418.744 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Goods (PAB mn) | -1,303.278 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Services: Debit (PAB mn) | -1,310.072 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Income (PAB mn) | -1,043.127 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Services (PAB mn) | 3,447.793 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Services: Credit (PAB mn) | 4,757.866 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: Capital Account (PAB mn) | 2.216 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Income: Credit (PAB mn) | 953.765 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: Capital Account: Credit (PAB mn) | 2.216 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: CA: Income: Debit (PAB mn) | -1,996.892 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: Financing: Reserve Assets (PAB mn) | 1.632 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: FA: Direct Investment (PAB mn) | 906.491 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: Financial Account (FA) (PAB mn) | -436.615 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 1,626.219 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -1,885.224 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| International Investment Position (IIP) (USD mn) | -70,928.394 Mar 2023 | quarterly | Mar 2015 - Mar 2023 |
| IIP: Assets (USD mn) | 99,523.854 Mar 2023 | quarterly | Mar 2015 - Mar 2023 |
| IIP: Liabilities (USD mn) | 170,452.248 Mar 2023 | quarterly | Mar 2015 - Mar 2023 |
| Foreign Direct Investment (FDI) (PAB mn) | 828.124 Mar 2023 | quarterly | Mar 2013 - Mar 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.5 Aug 2023 | monthly | Dec 2008 - Aug 2023 |
| Household Debt: % of GDP (%) | 42.6 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Non-Performing Loans (USD mn) | 1,359.501 Aug 2023 | monthly | Dec 2008 - Aug 2023 |
| Money Supply M1 (USD mn) | 8,815.110 Aug 2023 | monthly | Dec 2002 - Aug 2023 |
| Money Supply M2 (USD mn) | 38,175.510 Aug 2023 | monthly | Dec 2002 - Aug 2023 |
| M2 Growth (%) | 0.0 Aug 2023 | monthly | Dec 2003 - Aug 2023 |
| Foreign Exchange Reserves (USD mn) | 4,118.4 Sep 2023 | monthly | Oct 1969 - Sep 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 8.199 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Jul 2023 | monthly | Jan 2000 - Jul 2023 |
| Gold Reserves (USD mn) | 0.000 Sep 2023 | monthly | Sep 1969 - Sep 2023 |
| Total Deposits (USD mn) | 100,516.919 Sep 2023 | monthly | Dec 1998 - Sep 2023 |
| Total Deposits Growth (%) | 3.8 Sep 2023 | monthly | Dec 1999 - Sep 2023 |
| Domestic Credit (USD mn) | 60,572.6 Sep 2023 | monthly | Dec 2001 - Sep 2023 |
| Domestic Credit Growth (%) | 4.2 Sep 2023 | monthly | Dec 2002 - Sep 2023 |
| Household Debt (USD mn) | 31,050.8 Jul 2023 | monthly | Oct 2005 - Jul 2023 |
| Total Loans (USD mn) | 88,632.773 Sep 2023 | monthly | Dec 1998 - Sep 2023 |
| Total Loans Growth (%) | 3.72 Sep 2023 | monthly | Dec 1999 - Sep 2023 |
| Private Debt: % of Nominal GDP (%) | 78.23 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Money Supply: M3 (PAB mn) | 38,175.510 Aug 2023 | monthly | Dec 2002 - Aug 2023 |
More Indicators for Panama
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