Panama Foreign Exchange Reserves: % of GDP

2007 - 2023 | Quarterly | % | CEIC Data

Key information about Panama Foreign Exchange Reserves: % of GDP

  • Panama Foreign Exchange Reserves: % of GDP was reported at 7.368 % in Dec 2023
  • This records an increase from the previous number of 5.035 % for Sep 2023
  • Panama Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 6.696 % from Dec 2007 to Dec 2023, with 65 observations
  • The data reached an all-time high of 16.391 % in Dec 2020 and a record low of 1.703 % in Sep 2018
  • Panama Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly

CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. The International Monetary Fund provides Foreign Exchange Reserves in USD. The National Institute of Statistics and Census provides Nominal GDP in local currency based on SNA 2008. The International Monetary Fund average market exchange rate is used for currency conversions. Foreign Exchange Reserves as % of Nominal GDP prior to Q4 2018 is calculated from Nominal GDP based on SNA 1993.

View Panama's Foreign Exchange Reserves: % of GDP from Dec 2007 to Dec 2023 in the chart:

Panama Foreign Exchange Reserves: % of GDP

What was Panama's Foreign Exchange Reserves: % of GDP in Dec 2023?

Panama Foreign Exchange Reserves: % of GDP was reported at 7.368 % in Dec 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.368 Dec 2023 5.035 Sep 2023 1.703 Sep 2018 16.391 Dec 2020 % quarterly Dec 2007 - Dec 2023

Foreign Exchange Reserves: % of GDP by Country Comparison

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Includes Foreign Exchange Reserves: % of GDP on 114 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 26.986 Jun 2023 quarterly Dec 2008 - Jun 2023
Algeria (%) 30.762 Mar 2023 quarterly Dec 1999 - Mar 2023
Argentina (%) 2.981 Dec 2023 quarterly Dec 2004 - Dec 2023
Armenia (%) 14.920 Dec 2023 quarterly Dec 2013 - Dec 2023
Australia (%) 2.281 Dec 2023 quarterly Sep 1969 - Dec 2023
Austria (%) 0.872 Jun 2023 quarterly Dec 1995 - Jun 2023
Azerbaijan (%) 18.021 Dec 2023 quarterly Dec 2001 - Dec 2023
Bahrain (%) 9.235 Sep 2023 quarterly Dec 2007 - Sep 2023
Bangladesh (%) 4.000 Feb 2024 monthly Oct 1999 - Feb 2024
Belarus (%) 4.404 Dec 2023 quarterly Dec 2009 - Dec 2023
Belgium (%) 1.301 Dec 2023 quarterly Mar 1999 - Dec 2023
Bolivia (%) 1.611 Dec 2022 quarterly Mar 1999 - Dec 2022
Bosnia and Herzegovina (%) 32.917 Dec 2023 quarterly Dec 2008 - Dec 2023
Botswana (%) 24.152 Jun 2023 quarterly Jun 1994 - Jun 2023
Brazil (%) 14.865 Dec 2023 quarterly Dec 2000 - Dec 2023
Brunei (%) 6.000 Feb 2024 monthly Jan 2006 - Feb 2024
Bulgaria (%) 39.974 Dec 2023 quarterly Sep 2003 - Dec 2023
Cambodia (%) 8.000 Mar 2024 monthly Jan 2008 - Mar 2024
Canada (%) 4.199 Dec 2023 quarterly Jun 1999 - Dec 2023
Chile (%) 12.604 Dec 2023 quarterly Dec 1996 - Dec 2023
China (%) 7.000 Mar 2024 monthly Jan 1985 - Mar 2024
Colombia (%) 14.945 Dec 2023 quarterly Dec 2000 - Dec 2023
Croatia (%) 40.235 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 0.554 Dec 2023 quarterly Mar 2002 - Dec 2023
Czech Republic (%) 42.955 Dec 2023 quarterly Mar 2000 - Dec 2023
Denmark (%) 19.678 Dec 2023 quarterly Mar 2002 - Dec 2023
Ecuador (%) 2.232 Dec 2023 quarterly Dec 2000 - Dec 2023
Egypt (%) 6.219 Dec 2023 quarterly Dec 2004 - Dec 2023
Estonia (%) 5.019 Dec 2023 quarterly Sep 2002 - Dec 2023
European Union (%) 1.903 Dec 2023 quarterly Dec 1999 - Dec 2023
Finland (%) 2.611 Dec 2023 quarterly Mar 2000 - Dec 2023
France (%) 0.957 Dec 2023 quarterly Mar 2004 - Dec 2023
Georgia (%) 14.918 Dec 2023 quarterly Dec 1996 - Dec 2023
Germany (%) 0.810 Dec 2023 quarterly Dec 1991 - Dec 2023
Ghana (%) 3.309 Sep 2023 quarterly Dec 2006 - Sep 2023
Greece (%) 1.714 Dec 2023 quarterly Mar 2004 - Dec 2023
Hong Kong SAR, China (%) 111.333 Dec 2023 quarterly Jun 2000 - Dec 2023
Hungary (%) 17.209 Dec 2023 quarterly Mar 2006 - Dec 2023
Iceland (%) 15.958 Dec 2023 quarterly Dec 2000 - Dec 2023
India (%) 4.500 Mar 2024 monthly Sep 1962 - Mar 2024
Indonesia (%) 9.000 Mar 2024 monthly Jan 1997 - Mar 2024
Ireland (%) 0.938 Dec 2023 quarterly Mar 1999 - Dec 2023
Israel (%) 39.470 Dec 2023 quarterly Dec 2001 - Dec 2023
Italy (%) 2.183 Dec 2023 quarterly Dec 1999 - Dec 2023
Ivory Coast (%) 0.003 Mar 2023 quarterly Dec 1997 - Mar 2023
Japan (%) 0.830 Jan 2024 monthly Oct 1980 - Jan 2024
Jordan (%) 26.596 Dec 2023 quarterly Dec 1992 - Dec 2023
Kazakhstan (%) 4.457 Sep 2023 quarterly Dec 2002 - Sep 2023
Kenya (%) 6.126 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 7.000 Mar 2024 monthly Nov 1979 - Mar 2024
Kosovo (%) 10.057 Dec 2023 quarterly Dec 2010 - Dec 2023
Kuwait (%) 25.497 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 11.137 Dec 2023 quarterly Dec 2000 - Dec 2023
Laos (%) 8.000 Mar 2024 monthly Jan 2002 - Mar 2024
Latvia (%) 8.545 Jun 2023 quarterly Mar 1997 - Jun 2023
Lebanon (%) 65.941 2020 yearly 2004 - 2020
Lithuania (%) 6.115 Dec 2023 quarterly Dec 1995 - Dec 2023
Luxembourg (%) 0.224 Dec 2023 quarterly Mar 1999 - Dec 2023
Macau SAR, China (%) 59.002 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 30.203 Dec 2023 quarterly Dec 2000 - Dec 2023
Malawi (%) 7.753 2019 yearly 2002 - 2019
Malaysia (%) 2.000 Mar 2024 monthly Jun 1959 - Mar 2024
Malta (%) 3.702 Dec 2023 quarterly Dec 2000 - Dec 2023
Mauritius (%) 42.338 Dec 2023 quarterly Dec 2006 - Dec 2023
Mexico (%) 10.408 Dec 2023 quarterly Mar 2000 - Dec 2023
Moldova (%) 33.069 Dec 2023 quarterly Mar 2000 - Dec 2023
Mongolia (%) 21.476 Dec 2023 quarterly Dec 2010 - Dec 2023
Montenegro (%) 19.669 Dec 2023 quarterly Dec 2010 - Dec 2023
Morocco (%) 22.621 Dec 2023 quarterly Dec 2007 - Dec 2023
Mozambique (%) 14.729 2022 yearly 1984 - 2022
Myanmar (%) 3.500 Mar 2024 monthly May 2011 - Mar 2024
Nepal (%) 4.000 Mar 2024 monthly Jul 2003 - Mar 2024
Netherlands (%) 0.624 Dec 2023 quarterly Sep 1999 - Dec 2023
New Zealand (%) 4.716 Dec 2023 quarterly Sep 2005 - Dec 2023
Nigeria (%) 7.771 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 14.217 Dec 2023 quarterly Mar 1999 - Dec 2023
Oman (%) 13.962 Jun 2023 quarterly Dec 2005 - Jun 2023
Pakistan (%) 5.000 Feb 2024 monthly Jul 2006 - Feb 2024
Palestinian Territory (%) 18.855 Dec 2023 quarterly Mar 2006 - Dec 2023
Panama (%) 7.368 Dec 2023 quarterly Dec 2007 - Dec 2023
Paraguay (%) 21.277 Dec 2023 quarterly Dec 1994 - Dec 2023
Peru (%) 24.386 Dec 2023 quarterly Dec 1990 - Dec 2023
Philippines (%) 9.500 Mar 2024 monthly May 1986 - Mar 2024
Poland (%) 20.119 Dec 2023 quarterly Dec 2002 - Dec 2023
Portugal (%) 1.948 Sep 2023 quarterly Dec 1999 - Sep 2023
Qatar (%) 18.904 Jun 2023 quarterly Dec 2010 - Jun 2023
Romania (%) 17.398 Dec 2023 quarterly Jun 2005 - Dec 2023
Russia (%) 20.521 Dec 2023 quarterly Dec 2011 - Dec 2023
Saudi Arabia (%) 38.579 Dec 2023 quarterly Dec 2003 - Dec 2023
Serbia (%) 30.614 Mar 2023 quarterly Mar 2004 - Mar 2023
Singapore (%) 67.165 Dec 2023 quarterly Jun 2000 - Dec 2023
Slovakia (%) 5.217 Dec 2023 quarterly Dec 1999 - Dec 2023
Slovenia (%) 1.263 Dec 2023 quarterly Dec 1995 - Dec 2023
South Africa (%) 12.543 Dec 2023 quarterly Mar 2001 - Dec 2023
Spain (%) 3.919 Dec 2023 quarterly Dec 1995 - Dec 2023
Sri Lanka (%) 4.000 May 2023 monthly Mar 1997 - May 2023
Sudan (%) 0.000 2017 yearly 1960 - 2017
Sweden (%) 7.124 Dec 2023 quarterly Mar 2000 - Dec 2023
Switzerland (%) 88.088 Dec 2023 quarterly Mar 2006 - Dec 2023
Syria (%) 31.149 2010 yearly 1990 - 2010

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Panama Key Series

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Includes 164 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 (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 402.772 Jan 2024 monthly Jan 1995 - Jan 2024
Tax Revenue: % of GDP (%) 9.6 Dec 2023 quarterly Mar 2007 - Dec 2023
National Government Debt (USD mn) 49,808.0 Feb 2024 monthly Jul 2004 - Feb 2024
Government Debt: % of GDP (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
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) 402,771.625 Jan 2024 monthly Jan 1995 - Jan 2024
Central Government Revenue: Current Revenue (PAB th) 493,810.833 Jan 2024 monthly Jan 1995 - Jan 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 183,964.393 Jan 2024 monthly Jan 1995 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,031.9 Jan 2024 monthly Jan 1964 - Jan 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -75.7 Jan 2024 monthly Jan 2001 - Jan 2024
Aluminum: Exports (USD th) 1,490.770 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) 1,094.8 Jan 2024 monthly Jan 2000 - Jan 2024
Total Imports Growth (%) -4.5 Jan 2024 monthly Jan 2001 - Jan 2024
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) 17.278 Dec 2023 monthly Jan 1970 - Dec 2023
Total Imports from USA (USD mn) 182.677 Dec 2023 monthly Jan 1967 - Dec 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 146.475 Dec 2023 monthly Mar 1989 - Dec 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
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) 150.6 Dec 2023 quarterly Mar 2013 - Dec 2023
Current Account Balance (USD mn) -4,356.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Current Account Balance: % of GDP (%) -18.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Direct Investment (USD mn) 779.1 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 5.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2023 quarterly Mar 2013 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
External Debt (USD mn) 42,844.3 Feb 2024 monthly Jul 2004 - Feb 2024
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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,069.421 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Net Errors and Omissions (PAB mn) 4,238.808 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods (PAB mn) -6,856.914 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods: Debit (PAB mn) -10,824.928 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services: Debit (PAB mn) -1,586.616 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Goods: Credit (PAB mn) 3,968.015 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services: Credit (PAB mn) 4,899.518 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income: Credit (PAB mn) 1,015.783 Dec 2023 quarterly Mar 2013 - Dec 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -4,356.507 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Services (PAB mn) 3,312.902 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account: Credit (PAB mn) 2.055 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income (PAB mn) -751.392 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: CA: Income: Debit (PAB mn) -1,767.175 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Capital Account (PAB mn) 2.055 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 772.109 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Financial Account (FA) (PAB mn) 1,689.751 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 1,349.786 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: Financing: Reserve Assets (PAB mn) -2,018.107 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Direct Investment (PAB mn) 628.537 Dec 2023 quarterly Mar 2013 - Dec 2023
International Investment Position (IIP) (USD mn) -72,069.421 Dec 2023 quarterly Mar 2015 - Dec 2023
IIP: Assets (USD mn) 102,675.995 Dec 2023 quarterly Mar 2015 - Dec 2023
IIP: Liabilities (USD mn) 174,745.416 Dec 2023 quarterly Mar 2015 - Dec 2023
Foreign Direct Investment (FDI) (PAB mn) 779.107 Dec 2023 quarterly Mar 2013 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Feb 2024 monthly Dec 2008 - Feb 2024
Household Debt: % of GDP (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Non-Performing Loans (USD mn) 1,686.854 Feb 2024 monthly Dec 2008 - Feb 2024
Money Supply M1 (USD mn) 9,318.060 Dec 2023 monthly Dec 2002 - Dec 2023
Money Supply M2 (USD mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
M2 Growth (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 2023
Foreign Exchange Reserves (USD mn) 8,144.7 Feb 2024 monthly Oct 1969 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 7.368 Dec 2023 quarterly Dec 2007 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 5.0 Jan 2024 monthly Jan 2000 - Jan 2024
Gold Reserves (USD mn) 0.000 Feb 2024 monthly Sep 1969 - Feb 2024
Total Deposits (USD mn) 104,069.234 Jan 2024 monthly Dec 1998 - Jan 2024
Total Deposits Growth (%) 9.0 Feb 2024 monthly Dec 1999 - Feb 2024
Domestic Credit (USD mn) 61,225.8 Feb 2024 monthly Dec 2001 - Feb 2024
Domestic Credit Growth (%) 4.7 Feb 2024 monthly Dec 2002 - Feb 2024
Household Debt (USD mn) 32,052.6 Feb 2024 monthly Oct 2005 - Feb 2024
Total Loans (USD mn) 90,529.510 Jan 2024 monthly Dec 1998 - Jan 2024
Total Loans Growth (%) 5.98 Feb 2024 monthly Dec 1999 - Feb 2024
Private Debt: % of Nominal GDP (%) 68.65 Dec 2023 quarterly Dec 2007 - Dec 2023
Money Supply: M3 (PAB mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
LC: National Banking System: Private Sector: Mortgage (PAB mn) 20,690.512 Feb 2024 monthly Dec 2002 - Feb 2024

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