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:

Panama External Debt: % of GDP

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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Panama Key Series

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Includes 167 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
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

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