Panama Government Debt: % of GDP

2007 - 2020 | Quarterly | % | CEIC Data

Key information about Panama Government Debt: % of GDP

  • Panama Government debt accounted for 69.8 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 65.1 % in the previous quarter.
  • Panama government debt to GDP ratio data is updated quarterly, available from Dec 2007 to Dec 2020.
  • The data reached an all-time high of 69.8 % in Dec 2020 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 38.4 USD bn in Mar 2021.
  • The country's Nominal GDP reached 15.0 USD bn in Dec 2020.

View Panama's Government Debt: % of GDP from Dec 2007 to Dec 2020 in the chart:

Panama Government Debt: % of GDP

What was Panama's Government Debt: % of GDP in Dec 2020?

Panama Government debt accounted for 69.8 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 65.1 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
69.8 Dec 2020 65.1 Sep 2020 34.4 Dec 2013 69.8 Dec 2020 % quarterly Dec 2007 - Dec 2020

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 73.1 Dec 2020 quarterly Sep 2010 - Dec 2020
Algeria (%) 36.4 2018 yearly 1997 - 2018
Argentina (%) 102.5 Dec 2020 quarterly Dec 2004 - Dec 2020
Armenia (%) 67.3 Dec 2020 quarterly Dec 2013 - Dec 2020
Australia (%) 43.3 2020 yearly 1999 - 2020
Austria (%) 83.9 Dec 2020 quarterly Mar 2000 - Dec 2020
Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
Bahrain (%) 100.7 Dec 2020 quarterly Dec 2007 - Dec 2020
Bangladesh (%) 21.3 2020 yearly 2010 - 2020
Belarus (%) 39.3 Mar 2021 quarterly Dec 2003 - Mar 2021
Belgium (%) 114.1 Dec 2020 quarterly Dec 1980 - Dec 2020
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 26.3 2020 yearly 2007 - 2020
Botswana (%) 13.9 Dec 2019 quarterly Jun 2014 - Dec 2019
Brazil (%) 89.1 Mar 2021 quarterly Dec 2006 - Mar 2021
Bulgaria (%) 25.3 Sep 2020 quarterly Mar 2007 - Sep 2020
Cambodia (%) 28.1 2019 yearly 2013 - 2019
Canada (%) 73.8 2021 yearly 1962 - 2021
Chile (%) 34.8 Dec 2020 quarterly Mar 2002 - Dec 2020
China (%) 20.6 Dec 2020 quarterly Mar 2014 - Dec 2020
Colombia (%) 65.0 Dec 2020 quarterly Dec 2005 - Dec 2020
Croatia (%) 89.1 Dec 2020 quarterly Dec 1995 - Dec 2020
Cyprus (%) 119.1 Dec 2020 quarterly Dec 2010 - Dec 2020
Czech Republic (%) 38.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Denmark (%) 42.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Ecuador (%) 63.9 Dec 2020 quarterly Dec 2005 - Dec 2020
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.2 Dec 2020 quarterly Mar 2000 - Dec 2020
European Union (%) 90.8 Dec 2020 quarterly Mar 2000 - Dec 2020
Finland (%) 69.2 Dec 2020 quarterly Mar 2000 - Dec 2020
France (%) 115.7 Dec 2020 quarterly Dec 1995 - Dec 2020
Georgia (%) 59.9 Dec 2020 quarterly Mar 2006 - Dec 2020
Germany (%) 69.7 Dec 2020 quarterly Mar 2000 - Dec 2020
Ghana (%) 76.1 2020 yearly 2006 - 2020
Greece (%) 205.6 Dec 2020 quarterly Dec 1999 - Dec 2020
Hong Kong SAR, China (%) 45.9 2021 yearly 2003 - 2021
Hungary (%) 78.5 Dec 2020 quarterly Dec 1990 - Dec 2020
Iceland (%) 77.1 2020 yearly 1998 - 2020
India (%) 56.6 Dec 2020 quarterly Mar 2012 - Dec 2020
Indonesia (%) 39.4 Dec 2020 quarterly Jun 2015 - Dec 2020
Iran (%) 16.5 Sep 2020 quarterly Mar 1998 - Sep 2020
Ireland (%) 59.5 Dec 2020 quarterly Mar 2000 - Dec 2020
Israel (%) 71.1 2020 yearly 1995 - 2020
Italy (%) 155.8 Dec 2020 quarterly Dec 1995 - Dec 2020
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 224.9 Dec 2020 quarterly Dec 1994 - Dec 2020
Jordan (%) 85.0 Sep 2020 quarterly Mar 2002 - Sep 2020
Kazakhstan (%) 23.2 Sep 2020 quarterly Mar 2005 - Sep 2020
Kenya (%) 68.6 Sep 2020 quarterly Dec 2009 - Sep 2020
South Korea (%) 42.3 Dec 2020 quarterly Sep 2002 - Dec 2020
Kosovo (%) 21.8 2020 yearly 2009 - 2020
Kuwait (%) 3.2 Sep 2020 quarterly Dec 2010 - Sep 2020
Kyrgyzstan (%) 68.1 Dec 2020 quarterly Mar 2011 - Dec 2020
Latvia (%) 44.7 Sep 2020 quarterly Mar 2000 - Sep 2020
Lebanon (%) 171.0 2019 yearly 1998 - 2019
Lithuania (%) 47.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Luxembourg (%) 26.1 Sep 2020 quarterly Dec 1997 - Sep 2020
North Macedonia (%) 51.3 Dec 2020 quarterly Dec 2009 - Dec 2020
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 62.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Malta (%) 54.3 Dec 2020 quarterly Dec 2000 - Dec 2020
Mauritius (%) 76.5 Dec 2020 quarterly Jun 2003 - Dec 2020
Mexico (%) 57.6 Dec 2020 quarterly Dec 2005 - Dec 2020
Moldova (%) 32.9 Dec 2020 quarterly Mar 2007 - Dec 2020
Montenegro (%) 103.3 Dec 2020 quarterly Dec 2010 - Dec 2020
Morocco (%) 76.4 2020 yearly 1994 - 2020
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 54.5 Dec 2020 quarterly Dec 1999 - Dec 2020
New Zealand (%) 33.6 Sep 2020 quarterly Dec 2007 - Sep 2020
Nigeria (%) 18.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Norway (%) 46.0 2020 yearly 1995 - 2020
Oman (%) 65.9 2020 yearly 1990 - 2020
Pakistan (%) 84.1 2020 yearly 2000 - 2020
Palestinian Territory (%) 89.7 Dec 2020 quarterly Dec 2010 - Dec 2020
Panama (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Paraguay (%) 30.9 Dec 2020 quarterly Dec 2014 - Dec 2020
Peru (%) 35.0 Dec 2020 quarterly Mar 1999 - Dec 2020
Philippines (%) 54.6 Dec 2020 quarterly Mar 1993 - Dec 2020
Poland (%) 57.5 Dec 2020 quarterly Dec 2002 - Dec 2020
Portugal (%) 130.5 Sep 2021 quarterly Mar 2000 - Sep 2021
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 47.2 Dec 2020 quarterly Dec 2011 - Dec 2020
Russia (%) 17.7 Dec 2020 quarterly Dec 2011 - Dec 2020
Saudi Arabia (%) 32.5 Dec 2020 quarterly Dec 2016 - Dec 2020
Serbia (%) 57.4 Dec 2020 quarterly Sep 2004 - Dec 2020
Singapore (%) 150.2 Dec 2020 quarterly Mar 1990 - Dec 2020
Slovakia (%) 60.0 Jun 2020 quarterly Mar 2000 - Jun 2020
Slovenia (%) 80.8 Dec 2020 quarterly Dec 1999 - Dec 2020
South Africa (%) 77.1 Dec 2020 quarterly Dec 1960 - Dec 2020
Spain (%) 121.8 Sep 2021 quarterly Mar 1995 - Sep 2021
Sri Lanka (%) 101.0 Dec 2020 quarterly Mar 2014 - Dec 2020
Sweden (%) 40.8 Dec 2020 quarterly Mar 2000 - Dec 2020
Switzerland (%) 25.8 2018 yearly 1990 - 2018
Taiwan (%) 32.6 2020 yearly 1996 - 2020
Tajikistan (%) 45.5 2020 yearly 1999 - 2020
Thailand (%) 44.9 Dec 2020 quarterly Dec 1997 - Dec 2020
Tunisia (%) 81.5 Oct 2021 monthly Apr 2011 - Oct 2021
Turkey (%) 39.5 Dec 2020 quarterly Dec 2001 - Dec 2020
Ukraine (%) 53.9 Dec 2020 quarterly Dec 2010 - Dec 2020
United Kingdom (%) 104.5 Dec 2020 quarterly Mar 1975 - Dec 2020

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Panama Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -9.9 2020 yearly 2003 - 2020
Consolidated Fiscal Balance (USD mn) -5,350.400 2020 yearly 2003 - 2020
Tax Revenue (USD mn) 301.271 Nov 2021 monthly Jan 1995 - Nov 2021
Tax Revenue: % of GDP (%) 7.5 Dec 2020 quarterly Mar 2007 - Dec 2020
National Government Debt (USD mn) 38,405.1 Mar 2021 monthly Jul 2004 - Mar 2021
Government Debt: % of GDP (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Forecast: Government Expenditure (PAB bn) 19.526 2026 yearly 1994 - 2026
Forecast: Government Net Debt (PAB bn) 46.957 2026 yearly 1994 - 2026
Forecast: Government Revenue (PAB bn) 18.214 2026 yearly 1994 - 2026
Central Government Revenue: Current Revenue (PAB th) 446,264.968 Nov 2021 monthly Jan 1995 - Nov 2021
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 125,442.372 Nov 2021 monthly Jan 1995 - Nov 2021
Central Government Revenue: Current Revenue: Tax (PAB th) 301,270.921 Nov 2021 monthly Jan 1995 - Nov 2021
Central Government Operations: Total Expenditure (PAB th) 14,206,764.625 2020 yearly 2000 - 2020
Central Government Operations: Total Revenue (PAB th) 14,209,596.569 2020 yearly 2000 - 2020
CGO: Overall Balance, Accrual Basis (USD mn) -4,886.300 2020 yearly 1993 - 2020
CGO: Expenditure: Current (USD mn) 7,991.800 2020 yearly 1993 - 2020
CGO: Expenditure: Capital (USD mn) 3,521.600 2020 yearly 1993 - 2020
Public Debt: Domestic (USD mn) 7,844.022 Nov 2021 monthly Jul 2004 - Nov 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 8.803 2026 yearly 1980 - 2026
Trade Balance (USD mn) -872.7 Oct 2021 monthly Jan 1964 - Oct 2021
Total Exports (USD mn) 230.2 Oct 2021 monthly Jan 2000 - Oct 2021
Total Exports Growth (%) 56.7 Oct 2021 monthly Jan 2001 - Oct 2021
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,154,109.705 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 151,842.182 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,103.0 Oct 2021 monthly Jan 2000 - Oct 2021
Total Imports Growth (%) 51.7 Oct 2021 monthly Jan 2001 - Oct 2021
Imports: Medicament (USD th) 608,952.511 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 146,042.475 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 155.619 Jan 2021 monthly Jan 1967 - Jan 2021
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 74.919 Feb 2021 monthly Mar 1989 - Feb 2021
Exports: FOB: Seafood Products (PAB th) 6,211.631 Oct 2021 monthly Jan 2002 - Oct 2021
Exports: FOB: Prawn (PAB th) 3,500.116 Oct 2021 monthly Jan 2000 - Oct 2021
Exports: FOB: Banana (PAB th) 10,712.122 Oct 2021 monthly Jan 2000 - Oct 2021
Exports: FOB (PAB th) 230,230.894 Oct 2021 monthly Jan 2000 - Oct 2021
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 23,331.000 2019 yearly 1999 - 2019
Exports: FOB: America: NAFTA: Mexico (PAB th) 16,208.000 2019 yearly 1999 - 2019
Exports: FOB: America: NAFTA: USA (PAB th) 98,611.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 8,314.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: China (PAB th) 59,703.000 2019 yearly 1999 - 2019
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: China (PAB th) 1,290,075.000 2019 yearly 1999 - 2019
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 197,511.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 52,583.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 107,590.000 2019 yearly 1999 - 2019
Imports: CIF: America: NAFTA: USA (PAB th) 3,263,993.000 2019 yearly 1999 - 2019
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 106.2 Jun 2021 quarterly Mar 2013 - Jun 2021
Current Account Balance (USD mn) -183.2 Jun 2021 quarterly Mar 1998 - Jun 2021
Current Account Balance: % of GDP (%) -1.3 Jun 2021 quarterly Mar 2007 - Jun 2021
Foreign Direct Investment (USD mn) 895.5 Jun 2021 quarterly Mar 1998 - Jun 2021
Foreign Direct Investment: % of GDP (%) 6.4 Jun 2021 quarterly Mar 2007 - Jun 2021
Foreign Portfolio Investment (USD mn) 374.051 Jun 2021 quarterly Mar 2013 - Jun 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2020 quarterly Mar 2007 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2020 quarterly Mar 2013 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -37.105 Dec 2020 quarterly Mar 2013 - Dec 2020
External Debt (USD mn) 31,734.8 May 2021 monthly Jul 2004 - May 2021
External Debt: % of GDP (%) 198.0 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 36,260.8 Sep 2020 quarterly Sep 2014 - Sep 2020
External Debt: Short Term: % of GDP (%) 66.1 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.242 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -64,252.281 Dec 2020 quarterly Mar 2002 - Dec 2020
BoP: CA: Goods (PAB mn) -1,260.122 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Services: Debit (PAB mn) -960.338 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Capital Account: Credit (PAB mn) 1.081 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,691.799 Jun 2021 quarterly Mar 2013 - Jun 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -183.239 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Services: Credit (PAB mn) 2,763.186 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Capital Account (PAB mn) 1.081 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: FA: Direct Investment (PAB mn) 789.259 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Goods: Debit (PAB mn) -4,672.567 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Income: Credit (PAB mn) 280.984 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Financing: Reserve Assets (PAB mn) 45.910 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Net Errors and Omissions (PAB mn) 176.014 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Goods: Credit (PAB mn) 3,412.445 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Income (PAB mn) -850.615 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 374.051 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Services (PAB mn) 1,802.848 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Income: Debit (PAB mn) -1,131.600 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Financial Account (FA) (PAB mn) 123.117 Jun 2021 quarterly Mar 2013 - Jun 2021
IIP: Liabilities (USD mn) 143,003.509 Jun 2021 quarterly Mar 2015 - Jun 2021
IIP: Assets (USD mn) 78,089.701 Jun 2021 quarterly Mar 2015 - Jun 2021
International Investment Position (IIP) (USD mn) -64,913.808 Jun 2021 quarterly Mar 2015 - Jun 2021
Foreign Direct Investment (FDI) (PAB mn) 895.474 Jun 2021 quarterly Mar 2013 - Jun 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Mar 2021 monthly Dec 2008 - Mar 2021
Household Debt: % of GDP (%) 52.3 Dec 2020 quarterly Dec 2007 - Dec 2020
Non-Performing Loans (USD mn) 1,242.084 Mar 2021 monthly Dec 2008 - Mar 2021
Money Supply M1 (USD mn) 9,264.262 Sep 2021 monthly Dec 2002 - Sep 2021
Money Supply M2 (USD mn) 37,274.523 Sep 2021 monthly Dec 2002 - Sep 2021
M2 Growth (%) -15.6 Sep 2021 monthly Dec 2003 - Sep 2021
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 12.674 Sep 2021 quarterly Dec 2007 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 97,134.946 Nov 2021 monthly Dec 1998 - Nov 2021
Total Deposits Growth (%) 9.3 Mar 2021 monthly Dec 1999 - Mar 2021
Domestic Credit (USD mn) 55,392.8 Nov 2021 monthly Dec 2001 - Nov 2021
Domestic Credit Growth (%) 1.3 Nov 2021 monthly Dec 2002 - Nov 2021
Household Debt (USD mn) 28,802.5 Nov 2021 monthly Oct 2005 - Nov 2021
Total Loans (USD mn) 73,712.538 Mar 2021 monthly Dec 1998 - Mar 2021
Total Loans Growth (%) -4.37 Apr 2021 monthly Dec 1999 - Apr 2021
Private Debt: % of Nominal GDP (%) 97.01 Dec 2020 quarterly Dec 2007 - Dec 2020
Money Supply: M3 (PAB mn) 37,274.523 Sep 2021 monthly Dec 2002 - Sep 2021
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,681.040 Nov 2021 monthly Dec 2002 - Nov 2021

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