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:
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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Includes Government Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
| 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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| 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 |
More Indicators for Panama
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Government and Public Finance
Central Government Operations: Ministry of Economy and Finance: Annual
Central Government Revenue
Defense and Official Development Assistance
IMF Account: Fund Position
IMF Account: Fund Position: Quarterly
Public Debt
Central Government Operations: Ministry of Economy and Finance
Central Government Operations: National Institute of Statistics and Census
Central Government Revenue: Current
Government Revenue, Expenditure and Finance
IMF Account: Fund Position: Annual
Non Financial Public Sector: Revenue and Expenditure
Public Debt: Annual