Panama Government Debt: % of GDP

2007 - 2022 | Quarterly | % | CEIC Data

Key information about Panama Government Debt: % of GDP

  • Panama Government debt accounted for 63.5 % of the country's Nominal GDP in Jun 2022, compared with the ratio of 64.6 % in the previous quarter.
  • Panama government debt to GDP ratio data is updated quarterly, available from Dec 2007 to Jun 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 43.5 USD bn in Sep 2022.
  • The country's Nominal GDP reached 15.7 USD bn in Jun 2022.

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

Panama Government Debt: % of GDP

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

Panama Government debt accounted for 63.5 % of the country's Nominal GDP in Jun 2022, compared with the ratio of 64.6 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
63.5 Jun 2022 64.6 Mar 2022 34.4 Dec 2013 73.4 Mar 2021 % quarterly Dec 2007 - Jun 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 (%) 65.6 Jun 2022 quarterly Sep 2010 - Jun 2022
Algeria (%) 36.4 2018 yearly 1997 - 2018
Argentina (%) 75.7 Jun 2022 quarterly Dec 2004 - Jun 2022
Armenia (%) 54.0 Jun 2022 quarterly Dec 2013 - Jun 2022
Australia (%) 48.0 2021 yearly 1999 - 2021
Austria (%) 82.7 Jun 2022 quarterly Mar 2000 - Jun 2022
Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
Bahrain (%) 90.6 Jun 2022 quarterly Dec 2007 - Jun 2022
Bangladesh (%) 20.8 2022 yearly 2010 - 2022
Belarus (%) 36.7 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.3 Jun 2022 quarterly Dec 1980 - Jun 2022
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 24.4 2021 yearly 2007 - 2021
Botswana (%) 19.1 Dec 2021 quarterly Jun 2014 - Dec 2021
Brazil (%) 77.1 Sep 2022 quarterly Dec 2006 - Sep 2022
Bulgaria (%) 22.0 Mar 2022 quarterly Mar 2007 - Mar 2022
Cambodia (%) 35.2 2021 yearly 2013 - 2021
Canada (%) 71.8 2022 yearly 1962 - 2022
Chile (%) 35.4 Jun 2022 quarterly Mar 2002 - Jun 2022
China (%) 20.3 Jun 2022 quarterly Mar 2014 - Jun 2022
Colombia (%) 63.2 Mar 2022 quarterly Dec 2005 - Mar 2022
Croatia (%) 73.1 Jun 2022 quarterly Dec 1995 - Jun 2022
Cyprus (%) 95.2 Jun 2022 quarterly Dec 2010 - Jun 2022
Czech Republic (%) 44.0 Jun 2022 quarterly Mar 2000 - Jun 2022
Denmark (%) 31.7 Jun 2022 quarterly Mar 2000 - Jun 2022
Ecuador (%) 61.9 Jun 2021 quarterly Dec 2005 - Jun 2021
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 16.7 Jun 2022 quarterly Mar 2000 - Jun 2022
European Union (%) 86.4 Jun 2022 quarterly Mar 2000 - Jun 2022
Finland (%) 71.6 Jun 2022 quarterly Mar 2000 - Jun 2022
France (%) 113.3 Jun 2022 quarterly Dec 1995 - Jun 2022
Georgia (%) 43.2 Jun 2022 quarterly Mar 2006 - Jun 2022
Germany (%) 67.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Ghana (%) 80.1 2021 yearly 2006 - 2021
Greece (%) 182.1 Jun 2022 quarterly Dec 1999 - Jun 2022
Hong Kong SAR, China (%) 46.1 2021 yearly 2003 - 2021
Hungary (%) 73.5 Sep 2022 quarterly Dec 1990 - Sep 2022
Iceland (%) 74.6 2021 yearly 1998 - 2021
India (%) 56.3 Jun 2022 quarterly Mar 2012 - Jun 2022
Indonesia (%) 39.0 Sep 2022 quarterly Jun 2015 - Sep 2022
Iran (%) 8.8 Mar 2022 quarterly Mar 1998 - Mar 2022
Ireland (%) 51.4 Jun 2022 quarterly Mar 2000 - Jun 2022
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 150.2 Jun 2022 quarterly Dec 1995 - Jun 2022
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 229.7 Sep 2022 quarterly Dec 1994 - Sep 2022
Jordan (%) 87.8 Jun 2022 quarterly Mar 2002 - Jun 2022
Kazakhstan (%) 23.1 Jun 2022 quarterly Mar 2005 - Jun 2022
Kenya (%) 67.4 Jun 2022 quarterly Dec 2009 - Jun 2022
South Korea (%) 47.4 Jun 2022 quarterly Sep 2002 - Jun 2022
Kosovo (%) 23.3 2021 yearly 2009 - 2021
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 50.9 Sep 2022 quarterly Mar 2011 - Sep 2022
Latvia (%) 42.6 Jun 2022 quarterly Mar 2000 - Jun 2022
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 39.6 Jun 2022 quarterly Mar 2000 - Jun 2022
Luxembourg (%) 25.4 Jun 2022 quarterly Dec 1997 - Jun 2022
North Macedonia (%) 48.6 Jun 2022 quarterly Dec 2009 - Jun 2022
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 61.6 Sep 2022 quarterly Dec 2010 - Sep 2022
Malta (%) 55.1 Jun 2022 quarterly Dec 2000 - Jun 2022
Mauritius (%) 74.4 Sep 2022 quarterly Jun 2003 - Sep 2022
Mexico (%) 51.9 Sep 2022 quarterly Dec 2005 - Sep 2022
Moldova (%) 30.6 Jun 2022 quarterly Mar 2007 - Jun 2022
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 79.6 Mar 2022 quarterly Dec 2010 - Mar 2022
Morocco (%) 68.9 2021 yearly 1994 - 2021
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 50.9 Jun 2022 quarterly Dec 1999 - Jun 2022
New Zealand (%) 33.1 Jun 2022 quarterly Dec 2006 - Jun 2022
Nigeria (%) 20.3 Jun 2022 quarterly Dec 2010 - Jun 2022
Norway (%) 42.5 2021 yearly 1995 - 2021
Oman (%) 63.1 2020 yearly 1990 - 2020
Pakistan (%) 69.1 2021 yearly 2000 - 2021
Palestinian Territory (%) 74.1 Jun 2022 quarterly Dec 2010 - Jun 2022
Panama (%) 63.5 Jun 2022 quarterly Dec 2007 - Jun 2022
Paraguay (%) 31.6 Jun 2022 quarterly Dec 2014 - Jun 2022
Peru (%) 34.4 Sep 2022 quarterly Mar 1999 - Sep 2022
Philippines (%) 63.7 Sep 2022 quarterly Mar 1993 - Sep 2022
Poland (%) 51.5 Jun 2022 quarterly Dec 2002 - Jun 2022
Portugal (%) 120.5 Sep 2022 quarterly Dec 1995 - Sep 2022
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.3 Jun 2022 quarterly Dec 2011 - Jun 2022
Russia (%) 13.8 Jun 2022 quarterly Dec 2011 - Jun 2022
Saudi Arabia (%) 26.4 Jun 2022 quarterly Dec 2016 - Jun 2022
Serbia (%) 55.3 Jun 2022 quarterly Sep 2004 - Jun 2022
Singapore (%) 184.9 Sep 2022 quarterly Mar 1990 - Sep 2022
Slovakia (%) 60.3 Jun 2022 quarterly Mar 2000 - Jun 2022
Slovenia (%) 73.5 Jun 2022 quarterly Dec 1999 - Jun 2022
South Africa (%) 70.1 Jun 2022 quarterly Dec 1960 - Jun 2022
Spain (%) 116.1 Jun 2022 quarterly Mar 1995 - Jun 2022
Sri Lanka (%) 122.4 Jun 2022 quarterly Mar 2014 - Jun 2022
Sweden (%) 32.6 Jun 2022 quarterly Mar 2000 - Jun 2022
Switzerland (%) 24.7 2025 yearly 1990 - 2025
Taiwan (%) 30.1 2021 yearly 1996 - 2021
Tajikistan (%) 39.2 2020 yearly 1999 - 2020
Thailand (%) 53.4 Sep 2022 quarterly Dec 1997 - Sep 2022
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 39.3 Jun 2022 quarterly Dec 2001 - Jun 2022
Ukraine (%) 43.3 Dec 2021 quarterly Dec 2010 - Dec 2021

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Panama Key Series

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Includes 181 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 (%) -5.5 2021 yearly 2003 - 2021
Consolidated Fiscal Balance (USD mn) -3,522.800 2021 yearly 2003 - 2021
Tax Revenue (USD mn) 566.943 Sep 2022 monthly Jan 1995 - Sep 2022
Tax Revenue: % of GDP (%) 8.4 Jun 2022 quarterly Mar 2007 - Jun 2022
National Government Debt (USD mn) 43,616.6 Oct 2022 monthly Jul 2004 - Oct 2022
Government Debt: % of GDP (%) 63.5 Jun 2022 quarterly Dec 2007 - Jun 2022
Forecast: Government Expenditure (PAB bn) 22.307 2027 yearly 1994 - 2027
Forecast: Government Net Debt (PAB bn) 50.254 2027 yearly 1994 - 2027
Forecast: Government Revenue (PAB bn) 20.797 2027 yearly 1994 - 2027
Central Government Revenue: Current Revenue (PAB th) 697,331.162 Sep 2022 monthly Jan 1995 - Sep 2022
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 165,421.781 Jul 2022 monthly Jan 1995 - Jul 2022
Central Government Revenue: Current Revenue: Tax (PAB th) 566,943.148 Sep 2022 monthly Jan 1995 - Sep 2022
Central Government Operations: Total Revenue (PAB th) 14,982,531.373 2021 yearly 2000 - 2021
Central Government Operations: Total Expenditure (PAB th) 14,982,531.373 2021 yearly 2000 - 2021
CGO: Expenditure: Current (USD mn) 8,921.000 2021 yearly 1993 - 2021
CGO: Overall Balance, Accrual Basis (USD mn) -4,007.800 2021 yearly 1993 - 2021
CGO: Expenditure: Capital (USD mn) 2,877.800 2021 yearly 1993 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.974 2027 yearly 1980 - 2027
Trade Balance (USD mn) -941.5 Sep 2022 monthly Jan 1964 - Sep 2022
Total Exports (USD mn) 346.3 Sep 2022 monthly Jan 2000 - Sep 2022
Total Exports Growth (%) 8.8 Sep 2022 monthly Jan 2001 - Sep 2022
Aluminum: Exports (USD th) 6,565.346 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 320,569.927 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 155,615.515 2021 yearly 1995 - 2021
Total Imports (USD mn) 1,205.2 Jul 2022 monthly Jan 2000 - Jul 2022
Total Imports Growth (%) 25.5 Sep 2022 monthly Jan 2001 - Sep 2022
Imports: Medicament (USD th) 1,131,885.680 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 157,218.886 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 19.755 Jul 2022 monthly Jan 1970 - Jul 2022
Total Imports from USA (USD mn) 366.704 Jul 2022 monthly Jan 1967 - Jul 2022
Total Exports to China (USD mn) 370.063 2020 yearly 1999 - 2020
Total Imports from China (USD mn) 179.363 Jul 2022 monthly Mar 1989 - Jul 2022
Exports: FOB: Prawn (PAB th) 4,767.414 Jul 2022 monthly Jan 2000 - Jul 2022
Exports: FOB: Asia: Rest of Asia: China (PAB th) 370,063.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 136,247.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: Mexico (PAB th) 20,957.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 19,716.000 2020 yearly 1999 - 2020
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: America: NAFTA: USA (PAB th) 2,070,087.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 35,242.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 68,032.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: China (PAB th) 851,030.000 2020 yearly 1999 - 2020
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 123,450.000 2020 yearly 1999 - 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -31.1 Mar 2022 quarterly Mar 2013 - Mar 2022
Current Account Balance (USD mn) -292.6 Mar 2022 quarterly Mar 1998 - Mar 2022
Current Account Balance: % of GDP (%) -1.7 Mar 2022 quarterly Mar 2007 - Mar 2022
Foreign Direct Investment (USD mn) 716.1 Mar 2022 quarterly Mar 1998 - Mar 2022
Foreign Direct Investment: % of GDP (%) 4.1 Mar 2022 quarterly Mar 2007 - Mar 2022
Foreign Portfolio Investment (USD mn) 2,500.336 Mar 2022 quarterly Mar 2013 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 14.2 Mar 2022 quarterly Mar 2007 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2022 quarterly Mar 2013 - Mar 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 2,500.336 Mar 2022 quarterly Mar 2013 - Mar 2022
External Debt (USD mn) 35,695.2 Oct 2022 monthly Jul 2004 - Oct 2022
External Debt: % of GDP (%) 177.4 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 (%) 62.5 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.462 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -69,051.398 Mar 2022 quarterly Mar 2002 - Mar 2022
BoP: CA: Goods: Credit (PAB mn) 4,343.495 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Income (PAB mn) -944.264 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,500.336 Mar 2022 quarterly Mar 2013 - Mar 2022
Balance of Payment (BoP): Current Account (CA) (PAB mn) -292.561 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Services: Credit (PAB mn) 3,905.096 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Capital Account (PAB mn) 1.078 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: FA: Direct Investment (PAB mn) 747.215 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Services (PAB mn) 2,547.918 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Income: Debit (PAB mn) -1,404.061 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Financial Account (FA) (PAB mn) 3,242.985 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Net Errors and Omissions (PAB mn) -2,327.216 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Goods: Debit (PAB mn) -6,283.468 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Income: Credit (PAB mn) 459.798 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Financing: Reserve Assets (PAB mn) -804.563 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Goods (PAB mn) -1,939.973 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Services: Debit (PAB mn) -1,357.178 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Capital Account: Credit (PAB mn) 1.078 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: FA: Portfolio Investment: Assets (PAB mn) -367.379 Mar 2022 quarterly Mar 2013 - Mar 2022
International Investment Position (IIP) (USD mn) -69,051.398 Mar 2022 quarterly Mar 2015 - Mar 2022
IIP: Liabilities (USD mn) 153,981.938 Mar 2022 quarterly Mar 2015 - Mar 2022
IIP: Assets (USD mn) 84,930.540 Mar 2022 quarterly Mar 2015 - Mar 2022
Foreign Direct Investment (FDI) (PAB mn) 716.082 Mar 2022 quarterly Mar 2013 - Mar 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2022 monthly Dec 2008 - Sep 2022
Household Debt: % of GDP (%) 43.3 Jun 2022 quarterly Dec 2007 - Jun 2022
Non-Performing Loans (USD mn) 1,401.763 Sep 2022 monthly Dec 2008 - Sep 2022
Money Supply M1 (USD mn) 8,947.570 Aug 2022 monthly Dec 2002 - Aug 2022
Money Supply M2 (USD mn) 38,192.410 Jul 2022 monthly Dec 2002 - Jul 2022
M2 Growth (%) 2.7 Aug 2022 monthly Dec 2003 - Aug 2022
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) 96,879.529 Sep 2022 monthly Dec 1998 - Sep 2022
Total Deposits Growth (%) 1.2 Aug 2022 monthly Dec 1999 - Aug 2022
Domestic Credit (USD mn) 58,134.6 Sep 2022 monthly Dec 2001 - Sep 2022
Domestic Credit Growth (%) 6.2 Sep 2022 monthly Dec 2002 - Sep 2022
Household Debt (USD mn) 29,794.5 Sep 2022 monthly Oct 2005 - Sep 2022
Total Loans (USD mn) 85,456.009 Sep 2022 monthly Dec 1998 - Sep 2022
Total Loans Growth (%) 12.62 Aug 2022 monthly Dec 1999 - Aug 2022
Private Debt: % of Nominal GDP (%) 80.20 Mar 2022 quarterly Dec 2007 - Mar 2022
Money Supply: M3 (PAB mn) 38,168.420 Aug 2022 monthly Dec 2002 - Aug 2022
LC: National Banking System: Private Sector: Mortgage (PAB mn) 19,506.037 Sep 2022 monthly Dec 2002 - Sep 2022

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