Panama Government Debt: % of GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Panama Government Debt: % of GDP

  • Panama Government debt accounted for 63.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 62.3 % in the previous quarter.
  • Panama government debt to GDP ratio data is updated quarterly, available from Dec 2007 to Jun 2025.
  • The data reached an all-time high of 70.2 % 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 based on SNA 2008. The International Monetary Fund average market exchange rate is used for currency conversions. Nominal GDP prior to Q4 2018 is based on SNA 1993.


Related information about Panama Government Debt: % of GDP

  • In the latest reports, Panama National Government Debt reached 58.8 USD bn in Oct 2025.
  • The country's Nominal GDP reached 20.1 USD bn in Jun 2025.

View Panama's Government Debt: % of GDP from Dec 2007 to Jun 2025 in the chart:

Panama Government Debt: % of GDP

What was Panama's Government Debt: % of GDP in Jun 2025?

Panama Government debt accounted for 63.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 62.3 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
63.7 Jun 2025 62.3 Mar 2025 34.4 Dec 2013 70.2 Mar 2021 % quarterly Dec 2007 - Jun 2025

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 52.4 Sep 2025 quarterly Sep 2010 - Sep 2025
Algeria (%) 47.8 2024 yearly 1997 - 2024
Argentina (%) 73.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 46.9 Dec 2025 quarterly Dec 2013 - Dec 2025
Australia (%) 38.3 2024 yearly 1999 - 2024
Austria (%) 83.7 Sep 2025 quarterly Mar 2000 - Sep 2025
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 102.0 Sep 2025 quarterly Dec 2007 - Sep 2025
Bangladesh (%) 24.1 2025 yearly 2010 - 2025
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.9 Sep 2025 quarterly Dec 1980 - Sep 2025
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 18.7 2024 yearly 2007 - 2024
Botswana (%) 29.1 Sep 2025 quarterly Jun 2014 - Sep 2025
Brazil (%) 78.7 Dec 2025 quarterly Dec 2006 - Dec 2025
Bulgaria (%) 28.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Cambodia (%) 26.0 2024 yearly 2013 - 2024
Canada (%) 69.2 2025 yearly 1962 - 2025
Chile (%) 43.2 Sep 2025 quarterly Mar 2002 - Sep 2025
China (%) 28.8 Sep 2025 quarterly Mar 2014 - Sep 2025
Colombia (%) 63.8 Jun 2025 quarterly Dec 2005 - Jun 2025
Croatia (%) 57.2 Sep 2025 quarterly Dec 1995 - Sep 2025
Cyprus (%) 55.5 Dec 2025 quarterly Dec 2010 - Dec 2025
Czech Republic (%) 43.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Denmark (%) 29.6 Sep 2025 quarterly Mar 2000 - Sep 2025
Ecuador (%) 65.6 Sep 2025 quarterly Dec 2005 - Sep 2025
Egypt (%) 57.9 Sep 2025 quarterly Jun 2006 - Sep 2025
Estonia (%) 22.8 Sep 2025 quarterly Mar 2000 - Sep 2025
European Union (%) 82.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Finland (%) 88.5 Dec 2025 quarterly Mar 2000 - Dec 2025
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 34.8 Sep 2025 quarterly Mar 2006 - Sep 2025
Germany (%) 63.0 Sep 2025 quarterly Mar 2000 - Sep 2025
Ghana (%) 61.8 2024 yearly 2006 - 2024
Greece (%) 151.2 Jun 2025 quarterly Dec 1999 - Jun 2025
Hong Kong SAR, China (%) 46.1 2025 yearly 2003 - 2025
Hungary (%) 74.9 Dec 2025 quarterly Dec 1990 - Dec 2025
Iceland (%) 60.4 2024 yearly 1998 - 2024
India (%) 58.9 Sep 2025 quarterly Mar 2012 - Sep 2025
Indonesia (%) 39.2 Dec 2024 quarterly Jun 2015 - Dec 2024
Iran (%) 8.7 Jun 2025 quarterly Mar 1998 - Jun 2025
Ireland (%) 32.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Israel (%) 66.5 2024 yearly 1995 - 2024
Italy (%) 137.3 Dec 2025 quarterly Dec 1995 - Dec 2025
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 202.2 Dec 2025 quarterly Jun 1982 - Dec 2025
Jordan (%) 83.2 Sep 2025 quarterly Mar 2002 - Sep 2025
Kazakhstan (%) 23.0 Dec 2024 quarterly Mar 2005 - Dec 2024
Kenya (%) 68.9 Sep 2025 quarterly Dec 2009 - Sep 2025
South Korea (%) 47.0 Jun 2025 quarterly Sep 2002 - Jun 2025
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 3.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Kyrgyzstan (%) 39.5 Dec 2025 quarterly Mar 2011 - Dec 2025
Latvia (%) 44.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Lebanon (%) 23.6 2022 yearly 1998 - 2022
Lithuania (%) 39.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Luxembourg (%) 27.7 Sep 2025 quarterly Dec 1997 - Sep 2025
North Macedonia (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.3 Dec 2025 quarterly Dec 2010 - Dec 2025
Malta (%) 46.5 Sep 2025 quarterly Mar 2000 - Sep 2025
Mauritius (%) 80.5 Dec 2025 quarterly Jun 2003 - Dec 2025
Mexico (%) 59.5 Dec 2025 quarterly Dec 2005 - Dec 2025
Moldova (%) 38.0 Jun 2025 quarterly Mar 2007 - Jun 2025
Mongolia (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
Montenegro (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Morocco (%) 71.4 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 42.4 Sep 2025 quarterly Dec 1999 - Sep 2025
New Zealand (%) 48.5 Sep 2025 quarterly Dec 2006 - Sep 2025
Nigeria (%) 36.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Norway (%) 54.3 2025 yearly 1995 - 2025
Oman (%) 35.4 2024 yearly 1990 - 2024
Pakistan (%) 68.3 2025 yearly 2000 - 2025
Palestinian Territory (%) 110.9 Sep 2025 quarterly Dec 2010 - Sep 2025
Panama (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Paraguay (%) 35.5 Sep 2025 quarterly Dec 2014 - Sep 2025
Peru (%) 30.2 Dec 2025 quarterly Mar 1999 - Dec 2025
Philippines (%) 63.2 Dec 2025 quarterly Mar 1993 - Dec 2025
Poland (%) 58.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Portugal (%) 89.6 Dec 2025 quarterly Dec 1995 - Dec 2025
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 58.8 Sep 2025 quarterly Dec 2011 - Sep 2025
Russia (%) 16.5 Dec 2025 quarterly Dec 2011 - Dec 2025
Saudi Arabia (%) 31.7 Dec 2025 quarterly Dec 2016 - Dec 2025
Serbia (%) 44.4 Dec 2025 quarterly Sep 2004 - Dec 2025
Singapore (%) 166.1 Dec 2025 quarterly Mar 1990 - Dec 2025
Slovakia (%) 62.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Slovenia (%) 67.5 Sep 2025 quarterly Dec 1999 - Sep 2025
South Africa (%) 78.8 Dec 2025 quarterly Dec 1960 - Dec 2025
Spain (%) 103.2 Sep 2025 quarterly Mar 1995 - Sep 2025
Sri Lanka (%) 93.0 Sep 2025 quarterly Mar 2014 - Sep 2025
Sweden (%) 33.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Switzerland (%) 22.2 2029 yearly 1990 - 2029
Taiwan, China (%) 26.8 2024 yearly 1996 - 2024
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Tunisia (%) 81.2 2024 yearly 2016 - 2024
Turkey (%) 24.5 Sep 2025 quarterly Dec 2001 - Sep 2025
Ukraine (%) 98.6 Dec 2025 quarterly Dec 2010 - Dec 2025

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.6 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -3,320.820 2025 yearly 2003 - 2025
Tax Revenue (USD mn) 734.410 Dec 2025 monthly Jan 1995 - Dec 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 (PAB th) 734,410.208 Dec 2025 monthly Jan 1995 - Dec 2025
Central Government Revenue: Current Revenue (PAB th) 3,463,911.077 Dec 2025 monthly Jan 1995 - Dec 2025
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 505,192.192 Dec 2025 monthly Jan 1995 - Dec 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,221.9 Dec 2025 monthly Jan 1964 - Dec 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) -5.5 Dec 2025 monthly Jan 2001 - Dec 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) 1,296.6 Dec 2025 monthly Jan 2000 - Dec 2025
Total Imports Growth (%) 13.3 Dec 2025 monthly Jan 2001 - Dec 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) 16.318 Nov 2025 monthly Jan 1970 - Nov 2025
Total Imports from USA (USD mn) 197.970 Nov 2025 monthly Jan 1967 - Nov 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 154.594 Nov 2025 monthly Mar 1989 - Nov 2025
Exports: FOB: Prawn (PAB th) 12,175.903 Dec 2025 monthly Jan 2000 - Dec 2025
Exports: FOB: Banana (PAB th) 2,306.126 Dec 2025 monthly Jan 2000 - Dec 2025
Exports: FOB: Seafood Products (PAB th) 7,910.534 Dec 2025 monthly Jan 2002 - Dec 2025
Exports: FOB (PAB th) 74,680.511 Dec 2025 monthly Jan 2000 - Dec 2025
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
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
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) -3.036 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -75,811.580 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: Net Errors and Omissions (PAB mn) -1,228.288 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: Financing: Reserve Assets (PAB mn) 466.385 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: 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
Balance of Payment (BoP): Current Account (CA) (PAB mn) -502.946 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: Financial Account (FA) (PAB mn) 1,301.970 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income (PAB mn) -1,457.621 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Debit (PAB mn) -2,560.827 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) -2,194.910 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Credit (PAB mn) 5,634.327 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Credit (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Credit (PAB mn) 1,103.205 Sep 2025 quarterly Mar 2013 - Sep 2025
International Investment Position (IIP) (USD mn) -75,811.580 Sep 2025 quarterly Mar 2015 - 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
Foreign Direct Investment (FDI) (PAB mn) 676.356 Sep 2025 quarterly Mar 2013 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Dec 2025 monthly Dec 2008 - Dec 2025
Household Debt: % of GDP (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Non-Performing Loans (USD mn) 1,418.886 Dec 2025 monthly Dec 2008 - Dec 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) 4.4 Dec 2025 monthly Jan 2000 - Dec 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 116,809.521 Dec 2025 monthly Dec 1998 - Dec 2025
Total Deposits Growth (%) 5.7 Dec 2025 monthly Dec 1999 - Dec 2025
Domestic Credit (USD mn) 64,199.0 Dec 2025 monthly Dec 2001 - Dec 2025
Domestic Credit Growth (%) 1.0 Dec 2025 monthly Dec 2002 - Dec 2025
Household Debt (USD mn) 34,175.2 Dec 2025 monthly Oct 2005 - Dec 2025
Total Loans (USD mn) 102,154.627 Dec 2025 monthly Dec 1998 - Dec 2025
Total Loans Growth (%) 4.86 Dec 2025 monthly Dec 1999 - Dec 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) 21,583.345 Dec 2025 monthly Dec 2002 - Dec 2025

More Indicators for Panama

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data