Panama Foreign Exchange Reserves: Months of Import

2000 - 2025 | Monthly | NA | CEIC Data

Key information about Panama Foreign Exchange Reserves: Months of Import

  • Panama Foreign Exchange Reserves equaled 5.2 Months of Import in Nov 2025, compared with the ratio of 3.5 in the previous month
  • Panama Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jan 2000 to Nov 2025
  • The data reached an all-time high of 15.4 in Jan 2021 and a record low of 1.0 in Oct 2018

CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The International Monetary Fund provides Foreign Exchange Reserves in USD. The National Institute of Statistics and Census provides Imports in local currency. The International Monetary Fund average market exchange rate is used for currency conversions.


Further information about Panama Foreign Exchange Reserves: Months of Import

  • In the latest reports, Panama Foreign Exchange Reserves was measured at 5.6 USD bn in Dec 2025
  • Its Money Supply M2 increased 9.7 % YoY in Sep 2025
  • Panama Domestic Credit reached 65.0 USD bn in Nov 2025, representing an increased of 1.2 % YoY
  • The country's Non Performing Loans Ratio stood at 1.6 % in Nov 2025, compared with the ratio of 1.5 % in the previous month
  • Household Debt of Panama reached 34.0 USD bn in Nov 2025, accounting for 37.7 % of the country's Nominal GDP

View Panama's Foreign Exchange Reserves: Months of Import from Jan 2000 to Nov 2025 in the chart:

Panama Foreign Exchange Reserves: Months of Import

What was Panama's Foreign Exchange Reserves: Months of Import in Nov 2025?

Panama Foreign Exchange Reserves equaled 5.2 Months of Import in Nov 2025, compared with the ratio of 3.5 in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
5.2 Nov 2025 3.5 Oct 2025 1.0 Oct 2018 15.4 Jan 2021 NA monthly Jan 2000 - Nov 2025

Foreign Exchange Reserves: Months of Import by Country Comparison

country/region Last Frequency Range
Albania (NA) 7.7 Oct 2025 monthly Dec 1993 - Oct 2025
Algeria (NA) 15.7 Dec 2020 monthly Jan 2000 - Dec 2020
Argentina (NA) 4.3 Oct 2025 monthly Jan 1990 - Oct 2025
Armenia (NA) 3.3 Nov 2025 monthly Jan 2000 - Nov 2025
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.2 Oct 2025 monthly Jan 1957 - Oct 2025
Azerbaijan (NA) 6.8 Nov 2025 monthly Mar 1994 - Nov 2025
Bahrain (NA) 2.2 2024 yearly 1966 - 2024
Bangladesh (NA) 4.4 Oct 2025 monthly Jul 1986 - Oct 2025
Belarus (NA) 1.3 Oct 2025 monthly Dec 2002 - Oct 2025
Belgium (NA) 0.1 Nov 2025 monthly Jan 1999 - Nov 2025
Bolivia (NA) 0.2 Aug 2025 monthly Jan 2000 - Aug 2025
Bosnia and Herzegovina (NA) 7.1 Nov 2025 monthly Jan 2000 - Nov 2025
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 14.5 Dec 2025 monthly Nov 2000 - Dec 2025
Brunei (NA) 5.7 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (NA) 7.1 Nov 2025 monthly Sep 2003 - Nov 2025
Cambodia (NA) 6.0 May 2025 monthly Jan 2010 - May 2025
Canada (NA) 2.0 Sep 2025 monthly Jun 1999 - Sep 2025
Chile (NA) 5.9 Dec 2025 monthly Jan 2003 - Dec 2025
China (NA) 13.8 Dec 2025 monthly Jan 2000 - Dec 2025
Colombia (NA) 10.3 Nov 2025 monthly Jan 1980 - Nov 2025
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Nov 2025 monthly Jan 2002 - Nov 2025
Czech Republic (NA) 6.7 Oct 2025 monthly Mar 2000 - Oct 2025
Denmark (NA) 7.2 Nov 2025 monthly Jan 2002 - Nov 2025
Ecuador (NA) 1.9 Oct 2025 monthly Jan 2005 - Oct 2025
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.9 Nov 2025 monthly Jan 2001 - Nov 2025
European Union (NA) 1.3 Nov 2025 monthly Jan 2002 - Nov 2025
Finland (NA) 1.3 Oct 2025 monthly Jan 2000 - Oct 2025
France (NA) 0.5 Nov 2025 monthly Feb 2004 - Nov 2025
Georgia (NA) 2.5 Dec 2025 monthly Oct 1995 - Dec 2025
Germany (NA) 0.3 Nov 2025 monthly Jan 1957 - Nov 2025
Ghana (NA) 2.4 Jan 2024 monthly Mar 2005 - Jan 2024
Greece (NA) 0.5 Nov 2025 monthly Jan 2004 - Nov 2025
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 2.8 Nov 2025 monthly Jan 2002 - Nov 2025
Iceland (NA) 7.4 Dec 2025 monthly Oct 2000 - Dec 2025
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 6.5 Nov 2025 monthly Jan 2008 - Nov 2025
Ireland (NA) 0.3 Nov 2025 monthly Jan 1999 - Nov 2025
Israel (NA) 25.5 Dec 2025 monthly Dec 2001 - Dec 2025
Italy (NA) 1.0 Nov 2025 monthly Dec 1999 - Nov 2025
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 17.9 Dec 2025 monthly Apr 2000 - Dec 2025
Jordan (NA) 7.1 Nov 2025 monthly Jan 1972 - Nov 2025
Kazakhstan (NA) 2.5 Nov 2025 monthly Dec 2002 - Nov 2025
Kenya (NA) 4.9 Sep 2025 monthly Sep 2005 - Sep 2025
South Korea (NA) 7.0 Dec 2025 monthly Jan 1971 - Dec 2025
Kosovo (NA) 2.3 Oct 2025 monthly Jan 2003 - Oct 2025
Kuwait (NA) 11.8 Jun 2025 quarterly Mar 1973 - Jun 2025
Kyrgyzstan (NA) 2.1 Nov 2025 monthly Jan 2003 - Nov 2025
Laos (NA) 2.9 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 2.1 Nov 2025 monthly Jan 1997 - Nov 2025
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.3 Nov 2025 monthly Jan 1999 - Nov 2025
Luxembourg (NA) 0.0 Nov 2025 monthly Jan 1999 - Nov 2025
Macau SAR, China (NA) 21.5 Nov 2025 monthly Jan 2000 - Nov 2025
North Macedonia (NA) 4.3 Nov 2025 monthly Jan 2002 - Nov 2025
Malawi (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Malaysia (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Malta (NA) 1.2 Oct 2025 monthly Oct 1994 - Oct 2025
Mauritius (NA) 12.4 Nov 2025 monthly Jan 2006 - Nov 2025
Mexico (NA) 3.9 Nov 2025 monthly Jan 2000 - Nov 2025
Moldova (NA) 5.2 Nov 2025 monthly Jan 2005 - Nov 2025
Mongolia (NA) 5.3 Dec 2025 monthly Jan 1997 - Dec 2025
Montenegro (NA) 4.4 Nov 2025 monthly Jan 2005 - Nov 2025
Morocco (NA) 5.5 Nov 2025 monthly Dec 2001 - Nov 2025
Mozambique (NA) 5.6 Sep 2025 monthly Jan 2011 - Sep 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 19.2 Nov 2025 monthly Aug 2003 - Nov 2025
Netherlands (NA) 0.1 Nov 2025 monthly Sep 1999 - Nov 2025
New Zealand (NA) 7.0 Nov 2025 monthly Sep 2005 - Nov 2025
Nigeria (NA) 9.8 Jul 2025 monthly Jan 2003 - Jul 2025
Norway (NA) 8.1 Dec 2025 monthly Jan 1999 - Dec 2025
Oman (NA) 4.3 Oct 2025 monthly Jan 1975 - Oct 2025
Pakistan (NA) 3.6 Nov 2025 monthly Jan 1996 - Nov 2025
Palestinian Territory (NA) 0.9 Nov 2025 monthly Jan 2011 - Nov 2025
Panama (NA) 5.2 Nov 2025 monthly Jan 2000 - Nov 2025
Paraguay (NA) 5.9 Dec 2025 monthly Jan 1994 - Dec 2025
Peru (NA) 16.7 Nov 2025 monthly Jan 1985 - Nov 2025
Philippines (NA) 8.5 Nov 2025 monthly Jan 1979 - Nov 2025
Poland (NA) 5.2 Nov 2025 monthly Jan 2000 - Nov 2025
Portugal (NA) 1.1 Nov 2025 monthly Dec 1999 - Nov 2025
Qatar (NA) 11.6 Nov 2025 monthly Jan 1998 - Nov 2025
Romania (NA) 5.8 Nov 2025 monthly Apr 2005 - Nov 2025
Russia (NA) 16.1 Nov 2025 monthly Jan 1998 - Nov 2025
Saudi Arabia (NA) 21.3 2024 yearly 1957 - 2024
Serbia (NA) 6.8 Nov 2025 monthly Jan 2004 - Nov 2025
Singapore (NA) 8.0 Dec 2025 monthly Apr 2000 - Dec 2025
Slovakia (NA) 1.1 Nov 2025 monthly Jan 2004 - Nov 2025
Slovenia (NA) 0.3 Aug 2025 monthly Jan 1996 - Aug 2025
South Africa (NA) 5.5 Nov 2025 monthly Oct 2004 - Nov 2025
Spain (NA) 1.6 Nov 2025 monthly Jan 1987 - Nov 2025
Sri Lanka (NA) 3.3 Nov 2025 monthly Jan 1982 - Nov 2025
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.7 Nov 2025 monthly Mar 2000 - Nov 2025
Switzerland (NA) 19.1 Nov 2025 monthly Jun 1999 - Nov 2025
Syria (NA) 9.8 Jun 2011 quarterly Mar 1960 - Jun 2011

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 443.232 Nov 2025 monthly Jan 1995 - Nov 2025
Tax Revenue: % of GDP (%) 6.6 Sep 2025 quarterly Mar 2007 - Sep 2025
National Government Debt (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 219,865.927 Nov 2025 monthly Jan 1995 - Nov 2025
Central Government Revenue: Current Revenue (PAB th) 574,666.447 Nov 2025 monthly Jan 1995 - Nov 2025
Central Government Revenue: Current Revenue: Tax (PAB th) 443,231.781 Nov 2025 monthly Jan 1995 - Nov 2025
Public Debt: Domestic (USD mn) 10,668.532 Dec 2025 monthly Jul 2004 - Dec 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -972.5 Nov 2025 monthly Jan 1964 - Nov 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 1.3 Nov 2025 monthly Jan 2001 - Nov 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,042.9 Nov 2025 monthly Jan 2000 - Nov 2025
Total Imports Growth (%) -2.0 Nov 2025 monthly Jan 2001 - Nov 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 32.781 Sep 2025 monthly Jan 1970 - Sep 2025
Total Imports from USA (USD mn) 246.281 Sep 2025 monthly Jan 1967 - Sep 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 192.320 Sep 2025 monthly Mar 1989 - Sep 2025
Exports: FOB (PAB th) 70,409.644 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: Banana (PAB th) 2,293.212 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: Seafood Products (PAB th) 4,864.801 Nov 2025 monthly Jan 2002 - Nov 2025
Exports: FOB: Prawn (PAB th) 12,896.144 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
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
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 128.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Current Account Balance (USD mn) -502.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Current Account Balance: % of GDP (%) -2.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Direct Investment (USD mn) 676.4 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Direct Investment: % of GDP (%) 3.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
External Debt (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
External Debt: % of GDP (%) 169.8 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 (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -75,811.580 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: CA: Services: Credit (PAB mn) 5,634.327 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Debit (PAB mn) -2,560.827 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financial Account (FA) (PAB mn) 1,301.970 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) -502.946 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods (PAB mn) -3,116.496 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Credit (PAB mn) 4,179.957 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Debit (PAB mn) -7,296.453 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services (PAB mn) 4,132.275 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Net Errors and Omissions (PAB mn) -1,228.288 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income (PAB mn) -1,457.621 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Direct Investment (PAB mn) 548.322 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Debit (PAB mn) -1,502.052 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Credit (PAB mn) 1,103.205 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Credit (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financing: Reserve Assets (PAB mn) 466.385 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) -2,194.910 Sep 2025 quarterly Mar 2013 - Sep 2025
IIP: Assets (USD mn) 117,266.585 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Liabilities (USD mn) 193,078.165 Sep 2025 quarterly Mar 2015 - Sep 2025
International Investment Position (IIP) (USD mn) -75,811.580 Sep 2025 quarterly Mar 2015 - Sep 2025
Foreign Direct Investment (FDI) (PAB mn) 676.356 Sep 2025 quarterly Mar 2013 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2025 monthly Dec 2008 - Nov 2025
Household Debt: % of GDP (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Non-Performing Loans (USD mn) 1,598.833 Nov 2025 monthly Dec 2008 - Nov 2025
Money Supply M1 (USD mn) 9,066.270 Nov 2025 monthly Dec 2002 - Nov 2025
Money Supply M2 (USD mn) 45,730.080 Nov 2025 monthly Dec 2002 - Nov 2025
M2 Growth (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Foreign Exchange Reserves (USD mn) 5,644.2 Dec 2025 monthly Oct 1969 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 4.178 Sep 2025 quarterly Dec 2007 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 5.2 Nov 2025 monthly Jan 2000 - Nov 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,131.706 Nov 2025 monthly Dec 1998 - Nov 2025
Total Deposits Growth (%) 7.2 Nov 2025 monthly Dec 1999 - Nov 2025
Domestic Credit (USD mn) 64,958.0 Nov 2025 monthly Dec 2001 - Nov 2025
Domestic Credit Growth (%) 1.2 Nov 2025 monthly Dec 2002 - Nov 2025
Household Debt (USD mn) 33,969.4 Nov 2025 monthly Oct 2005 - Nov 2025
Total Loans (USD mn) 102,722.968 Nov 2025 monthly Dec 1998 - Nov 2025
Total Loans Growth (%) 5.67 Nov 2025 monthly Dec 1999 - Nov 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,730.080 Nov 2025 monthly Dec 2002 - Nov 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,458.796 Nov 2025 monthly Dec 2002 - Nov 2025

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