Panama Government Debt: % of GDP

2007 - 2022 | Quarterly | % | CEIC Data

Key information about Panama Government Debt: % of GDP

  • Panama Government debt accounted for 62.3 % of the country's Nominal GDP in Sep 2022, compared with the ratio of 63.5 % in the previous quarter.
  • Panama government debt to GDP ratio data is updated quarterly, available from Dec 2007 to Sep 2022.
  • The data reached an all-time high of 73.4 % in Mar 2021 and a record low of 34.4 % in Dec 2013.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Economy and Finance provides Government Debt in USD. The National Institute of Statistics and Census provides Nominal GDP in local currency. The International Monetary Fund average market exchange rate is used for currency conversions.


Related information about Panama Government Debt: % of GDP

  • In the latest reports, Panama National Government Debt reached 45.8 USD bn in Sep 2023.
  • The country's Nominal GDP reached 18.1 USD bn in Sep 2022.

View Panama's Government Debt: % of GDP from Dec 2007 to Sep 2022 in the chart:

Panama Government Debt: % of GDP

What was Panama's Government Debt: % of GDP in Sep 2022?

Panama Government debt accounted for 62.3 % of the country's Nominal GDP in Sep 2022, compared with the ratio of 63.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
62.3 Sep 2022 63.5 Jun 2022 34.4 Dec 2013 73.4 Mar 2021 % quarterly Dec 2007 - Sep 2022

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 62.1 2021 yearly 1997 - 2021
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 47.5 Jun 2023 quarterly Dec 2013 - Jun 2023
Australia (%) 42.3 2022 yearly 1999 - 2022
Austria (%) 78.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 85.2 Mar 2023 quarterly Dec 2007 - Mar 2023
Bangladesh (%) 24.1 2023 yearly 2010 - 2023
Belarus (%) 36.1 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.0 Jun 2023 quarterly Dec 1980 - Jun 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 24.4 2021 yearly 2007 - 2021
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 74.4 Sep 2023 quarterly Dec 2006 - Sep 2023
Bulgaria (%) 21.5 Jun 2023 quarterly Mar 2007 - Jun 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 68.6 2023 yearly 1962 - 2023
Chile (%) 37.2 Jun 2023 quarterly Mar 2002 - Jun 2023
China (%) 21.5 Jun 2023 quarterly Mar 2014 - Jun 2023
Colombia (%) 61.3 Mar 2023 quarterly Dec 2005 - Mar 2023
Croatia (%) 68.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 85.3 Jun 2023 quarterly Dec 2010 - Jun 2023
Czech Republic (%) 44.3 Jun 2023 quarterly Mar 2000 - Jun 2023
Denmark (%) 30.2 Jun 2023 quarterly Mar 2000 - Jun 2023
Ecuador (%) 64.1 Jun 2023 quarterly Dec 2005 - Jun 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.5 Jun 2023 quarterly Mar 2000 - Jun 2023
European Union (%) 83.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Finland (%) 74.6 Jun 2023 quarterly Mar 2000 - Jun 2023
France (%) 111.8 Jun 2023 quarterly Dec 1995 - Jun 2023
Georgia (%) 38.3 Jun 2023 quarterly Mar 2006 - Jun 2023
Germany (%) 64.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 166.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Hong Kong SAR, China (%) 47.6 2022 yearly 2003 - 2022
Hungary (%) 71.1 Sep 2023 quarterly Dec 1990 - Sep 2023
Iceland (%) 68.7 2022 yearly 1998 - 2022
India (%) 58.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Indonesia (%) 38.1 Sep 2023 quarterly Jun 2015 - Sep 2023
Iran (%) 8.9 Mar 2023 quarterly Mar 1998 - Mar 2023
Ireland (%) 43.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 142.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 220.6 Sep 2023 quarterly Dec 1994 - Sep 2023
Jordan (%) 88.5 Jun 2023 quarterly Mar 2002 - Jun 2023
Kazakhstan (%) 23.2 Jun 2023 quarterly Mar 2005 - Jun 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 49.7 Jun 2023 quarterly Sep 2002 - Jun 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 46.9 Sep 2023 quarterly Mar 2011 - Sep 2023
Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Luxembourg (%) 28.2 Jun 2023 quarterly Dec 1997 - Jun 2023
North Macedonia (%) 53.2 Jun 2023 quarterly Dec 2009 - Jun 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 63.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Malta (%) 50.7 Jun 2023 quarterly Dec 2000 - Jun 2023
Mauritius (%) 69.2 Jun 2023 quarterly Jun 2003 - Jun 2023
Mexico (%) 50.9 Sep 2023 quarterly Dec 2005 - Sep 2023
Moldova (%) 35.0 Jun 2023 quarterly Mar 2007 - Jun 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 63.1 Jun 2023 quarterly Dec 2010 - Jun 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 46.9 Jun 2023 quarterly Dec 1999 - Jun 2023
New Zealand (%) 34.3 Jun 2023 quarterly Dec 2006 - Jun 2023
Nigeria (%) 38.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Norway (%) 36.6 2022 yearly 1995 - 2022
Oman (%) 40.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 78.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Panama (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Paraguay (%) 32.9 Jun 2023 quarterly Dec 2014 - Jun 2023
Peru (%) 32.4 Sep 2023 quarterly Mar 1999 - Sep 2023
Philippines (%) 60.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Poland (%) 48.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Portugal (%) 107.5 Sep 2023 quarterly Dec 1995 - Sep 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.2 Jun 2023 quarterly Dec 2011 - Jun 2023
Russia (%) 16.1 Jun 2023 quarterly Dec 2011 - Jun 2023
Saudi Arabia (%) 24.3 Jun 2023 quarterly Dec 2016 - Jun 2023
Serbia (%) 55.6 Jun 2023 quarterly Sep 2004 - Jun 2023
Singapore (%) 172.9 Sep 2023 quarterly Mar 1990 - Sep 2023
Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Slovenia (%) 70.4 Jun 2023 quarterly Dec 1999 - Jun 2023
South Africa (%) 72.7 Jun 2023 quarterly Dec 1960 - Jun 2023
Spain (%) 111.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Sri Lanka (%) 101.1 Jun 2023 quarterly Mar 2014 - Jun 2023
Sweden (%) 29.8 Jun 2023 quarterly Mar 1996 - Jun 2023
Switzerland (%) 25.1 2026 yearly 1990 - 2026
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 54.9 Sep 2023 quarterly Dec 1997 - Sep 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 34.0 Jun 2023 quarterly Dec 2001 - Jun 2023
Ukraine (%) 71.6 Dec 2022 quarterly Dec 2010 - Dec 2022

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Panama Key Series

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Includes 162 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) 518.547 Aug 2023 monthly Jan 1995 - Aug 2023
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 47,406.2 Oct 2023 monthly Jul 2004 - Oct 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) 518,546.926 Aug 2023 monthly Jan 1995 - Aug 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 296,000.396 Aug 2023 monthly Jan 1995 - Aug 2023
Central Government Revenue: Current Revenue (PAB th) 630,946.588 Aug 2023 monthly Jan 1995 - Aug 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,047.8 Aug 2023 monthly Jan 1964 - Aug 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 1.5 Aug 2023 monthly Jan 2001 - Aug 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) 1,399.0 Aug 2023 monthly Jan 2000 - Aug 2023
Total Imports Growth (%) -5.6 Aug 2023 monthly Jan 2001 - Aug 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: 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) 40,008.0 Oct 2023 monthly Jul 2004 - Oct 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: Debit (PAB mn) -6,418.744 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: 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: Income: Credit (PAB mn) 953.765 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account (PAB mn) 2.216 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account: Credit (PAB mn) 2.216 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: CA: Goods (PAB mn) -1,303.278 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: Assets (PAB mn) -1,885.224 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods: Credit (PAB mn) 5,115.466 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Direct Investment (PAB mn) 906.491 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: CA: Income: Debit (PAB mn) -1,996.892 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) 4,782.4 Oct 2023 monthly Oct 1969 - Oct 2023
Foreign Exchange Reserves: % of GDP (%) 8.199 Sep 2022 quarterly Dec 2007 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 3.4 Aug 2023 monthly Jan 2000 - Aug 2023
Gold Reserves (USD mn) 0.000 Oct 2023 monthly Sep 1969 - Oct 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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