Panama Gross Savings Rate

1960 - 2021 | Yearly | % | CEIC Data

Key information about Panama Gross Savings Rate

  • Panama Gross Savings Rate was measured at 35.8% in Dec 2021, compared with 35.8% in the previous year.
  • Panama Gross Savings Rate is updated yearly, with data available from Dec 1960 to Dec 2021, and an average rate of 35.8%.
  • The data reached an all-time high of 35.8% in Dec 2018 and a record low of 5.2% in Dec 1989.
  • CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of General Government and Private Consumption Expenditure. The National Institute of Statistics and Census provides Final Consumption Expenditure in local currency and Nominal GDP in local currency. Gross Domestic Savings Rate prior to 2018 is calculated from GDP based on previous benchmark year 2007. Saving Rates prior to 2007 is sourced from the World Bank.
  • In the latest reports, Panama GDP expanded 9.5% YoY in Sep 2022.
  • Panama Nominal GDP reached 18,056.7 USD mn in Sep 2022. Its GDP deflator (implicit price deflator) increased 2.0% in Sep 2022.

View Panama's Gross Savings Rate from 1960 to 2021 in the chart:

Panama Gross Savings Rate

What was Panama's Gross Savings Rate in 2021?

Panama Gross Savings Rate was measured at 35.8% in Dec 2021, compared with 35.8% in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
35.8 2021 29.6 2020 5.2 1989 39.8 2018 % yearly 1960 - 2021

Gross Savings Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 17.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 36.1 2021 yearly 2000 - 2021
Argentina (%) 11.0 Mar 2023 quarterly Mar 2004 - Mar 2023
Armenia (%) 20.6 Mar 2024 quarterly Dec 1994 - Mar 2024
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 27.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Azerbaijan (%) 31.5 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 38.6 2022 yearly 1989 - 2022
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 23.6 Mar 2024 quarterly Mar 1992 - Mar 2024
Belgium (%) 24.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 1.2 Dec 2023 quarterly Mar 1990 - Dec 2023
Bosnia and Herzegovina (%) 5.9 Mar 2024 quarterly Mar 2008 - Mar 2024
Botswana (%) 24.7 Mar 2024 quarterly Mar 1994 - Mar 2024
Brazil (%) 16.6 Mar 2024 quarterly Mar 1991 - Mar 2024
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 19.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Cambodia (%) 31.1 2022 yearly 1993 - 2022
Canada (%) 21.3 Mar 2024 quarterly Mar 1961 - Mar 2024
Chile (%) 25.1 Mar 2024 quarterly Mar 1996 - Mar 2024
China (%) 44.3 2023 yearly 1952 - 2023
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 15.2 Mar 2024 quarterly Mar 1995 - Mar 2024
Cyprus (%) 20.6 Mar 2024 quarterly Mar 1995 - Mar 2024
Czech Republic (%) 31.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Denmark (%) 28.6 Mar 2024 quarterly Mar 1990 - Mar 2024
Ecuador (%) 22.2 Mar 2024 quarterly Mar 1991 - Mar 2024
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 26.1 Mar 2024 quarterly Mar 1995 - Mar 2024
Finland (%) 21.5 Mar 2024 quarterly Mar 1990 - Mar 2024
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 17.1 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 29.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Ghana (%) 9.9 2023 yearly 2006 - 2023
Greece (%) 7.5 Mar 2024 quarterly Mar 1995 - Mar 2024
Hong Kong SAR, China (%) 23.8 Mar 2024 quarterly Mar 1999 - Mar 2024
Hungary (%) 35.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 20.1 Mar 2024 quarterly Mar 1995 - Mar 2024
India (%) 30.2 2023 yearly 1951 - 2023
Indonesia (%) 37.4 Mar 2024 quarterly Mar 2010 - Mar 2024
Iran (%) 39.4 Dec 2023 quarterly Jun 1988 - Dec 2023
Ireland (%) 59.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Israel (%) 26.2 Mar 2024 quarterly Mar 1995 - Mar 2024
Italy (%) 22.0 Mar 2024 quarterly Mar 1995 - Mar 2024
Ivory Coast (%) 22.2 2023 yearly 1960 - 2023
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) 2.9 2023 yearly 1963 - 2023
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.1 2022 yearly 2006 - 2022
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) -5.7 Mar 2024 quarterly Mar 2010 - Mar 2024
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) -4.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 14.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Lebanon (%) -21.7 2020 yearly 1990 - 2020
Lithuania (%) 19.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 9.7 Mar 2024 quarterly Mar 2000 - Mar 2024
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 40.4 Mar 2024 quarterly Mar 1992 - Mar 2024
Mauritius (%) 21.9 Mar 2024 quarterly Mar 1999 - Mar 2024
Mexico (%) 19.3 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) -6.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) -8.0 Mar 2024 quarterly Mar 2010 - Mar 2024
Morocco (%) 28.6 2023 yearly 1975 - 2023
Mozambique (%) 8.1 2022 yearly 1969 - 2022
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 35.6 2024 yearly 2001 - 2024
Netherlands (%) 28.6 Dec 2023 quarterly Mar 1995 - Dec 2023
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 34.6 2023 yearly 1981 - 2023
Norway (%) 39.2 Mar 2024 quarterly Mar 1978 - Mar 2024
Oman (%) 34.7 2022 yearly 1980 - 2022
Pakistan (%) 6.8 2024 yearly 2000 - 2024
Palestinian Territory (%) 11.6 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (%) 35.8 2021 yearly 1960 - 2021
Paraguay (%) 25.4 Mar 2024 quarterly Mar 1994 - Mar 2024
Peru (%) 19.8 Mar 2024 quarterly Mar 1990 - Mar 2024
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 18.2 Mar 2024 quarterly Mar 1995 - Mar 2024
Portugal (%) 21.0 Mar 2024 quarterly Mar 1999 - Mar 2024
Qatar (%) 66.4 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 11.6 Mar 2024 quarterly Mar 1995 - Mar 2024
Russia (%) 28.1 Mar 2024 quarterly Mar 1993 - Mar 2024
Saudi Arabia (%) 37.4 Mar 2024 quarterly Mar 2003 - Mar 2024
Serbia (%) 17.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Singapore (%) 48.6 2023 yearly 1960 - 2023
Slovakia (%) 15.1 Mar 2024 quarterly Mar 1995 - Mar 2024
Slovenia (%) 28.1 Mar 2024 quarterly Mar 1995 - Mar 2024
South Africa (%) 12.7 Mar 2024 quarterly Mar 1960 - Mar 2024
Spain (%) 22.7 Mar 2024 quarterly Mar 1999 - Mar 2024
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 30.3 Mar 2024 quarterly Mar 1980 - Mar 2024
Switzerland (%) 31.4 Mar 2024 quarterly Mar 1990 - Mar 2024

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 383.708 May 2024 monthly Jan 1995 - May 2024
Tax Revenue: % of GDP (%) 6.9 Mar 2024 quarterly Mar 2007 - Mar 2024
National Government Debt (USD mn) 49,737.5 May 2024 monthly Jul 2004 - May 2024
Government Debt: % of GDP (%) 59.2 Mar 2024 quarterly Dec 2007 - Mar 2024
Forecast: Government Expenditure (PAB bn) 22.672 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 20.911 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue (PAB th) 483,358.502 May 2024 monthly Jan 1995 - May 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 196,551.313 May 2024 monthly Jan 1995 - May 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 383,708.393 May 2024 monthly Jan 1995 - May 2024
Public Debt: Domestic (USD mn) 6,481.350 May 2024 monthly Jul 2004 - May 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,093.6 Apr 2024 monthly Jan 1964 - Apr 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -70.4 Apr 2024 monthly Jan 2001 - Apr 2024
Aluminum: Exports (USD th) 1,490.770 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) 1,189.2 Apr 2024 monthly Jan 2000 - Apr 2024
Total Imports Growth (%) 6.8 Apr 2024 monthly Jan 2001 - Apr 2024
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) 8.622 Mar 2024 monthly Jan 1970 - Mar 2024
Total Imports from USA (USD mn) 239.374 Mar 2024 monthly Jan 1967 - Mar 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 132.783 Mar 2024 monthly Mar 1989 - Mar 2024
Exports: FOB: Prawn (PAB th) 10,670.091 Apr 2024 monthly Jan 2000 - Apr 2024
Exports: FOB: Banana (PAB th) 12,357.103 Apr 2024 monthly Jan 2000 - Apr 2024
Exports: FOB (PAB th) 95,618.029 Apr 2024 monthly Jan 2000 - Apr 2024
Exports: FOB: Seafood Products (PAB th) 4,368.992 Apr 2024 monthly Jan 2002 - Apr 2024
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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 103.2 Mar 2024 quarterly Mar 2013 - Mar 2024
Current Account Balance (USD mn) 71.6 Mar 2024 quarterly Mar 1998 - Mar 2024
Current Account Balance: % of GDP (%) 0.3 Mar 2024 quarterly Mar 2007 - Mar 2024
Foreign Direct Investment (USD mn) 878.4 Mar 2024 quarterly Mar 1998 - Mar 2024
Foreign Direct Investment: % of GDP (%) 4.0 Mar 2024 quarterly Mar 2007 - Mar 2024
Foreign Portfolio Investment (USD mn) 3,089.260 Mar 2024 quarterly Mar 2013 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 14.2 Mar 2024 quarterly Mar 2007 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2024 quarterly Mar 2013 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 3,089.260 Mar 2024 quarterly Mar 2013 - Mar 2024
External Debt (USD mn) 43,256.1 May 2024 monthly Jul 2004 - May 2024
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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -73,805.352 Mar 2024 quarterly Mar 2002 - Mar 2024
BoP: Net Errors and Omissions (PAB mn) -2,322.920 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Services: Credit (PAB mn) 5,021.013 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Income: Credit (PAB mn) 1,134.740 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Income (PAB mn) -1,125.248 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Services: Debit (PAB mn) -1,293.249 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Financing: Reserve Assets (PAB mn) -1,187.874 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Financial Account (FA) (PAB mn) 3,088.771 Mar 2024 quarterly Mar 2013 - Mar 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 71.622 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Goods: Credit (PAB mn) 3,645.395 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Goods: Debit (PAB mn) -6,195.266 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Capital Account (PAB mn) 2.292 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Capital Account: Credit (PAB mn) 2.292 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 3,089.260 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: FA: Direct Investment (PAB mn) 775.197 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Income: Debit (PAB mn) -2,259.988 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,997.466 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Goods (PAB mn) -2,549.871 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Services (PAB mn) 3,727.764 Mar 2024 quarterly Mar 2013 - Mar 2024
International Investment Position (IIP) (USD mn) -73,805.352 Mar 2024 quarterly Mar 2015 - Mar 2024
IIP: Assets (USD mn) 103,815.505 Mar 2024 quarterly Mar 2015 - Mar 2024
IIP: Liabilities (USD mn) 177,620.857 Mar 2024 quarterly Mar 2015 - Mar 2024
Foreign Direct Investment (FDI) (PAB mn) 878.406 Mar 2024 quarterly Mar 2013 - Mar 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 May 2024 monthly Dec 2008 - May 2024
Household Debt: % of GDP (%) 38.1 Mar 2024 quarterly Dec 2007 - Mar 2024
Non-Performing Loans (USD mn) 1,495.366 May 2024 monthly Dec 2008 - May 2024
Money Supply M1 (USD mn) 8,863.130 Apr 2024 monthly Dec 2002 - Apr 2024
Money Supply M2 (USD mn) 40,398.810 Apr 2024 monthly Dec 2002 - Apr 2024
M2 Growth (%) 6.3 Apr 2024 monthly Dec 2003 - Apr 2024
Foreign Exchange Reserves (USD mn) 5,245.6 May 2024 monthly Oct 1969 - May 2024
Foreign Exchange Reserves: % of GDP (%) 8.733 Mar 2024 quarterly Dec 2007 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 5.2 Apr 2024 monthly Jan 2000 - Apr 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 106,034.891 May 2024 monthly Dec 1998 - May 2024
Total Deposits Growth (%) 6.1 May 2024 monthly Dec 1999 - May 2024
Domestic Credit (USD mn) 61,859.1 May 2024 monthly Dec 2001 - May 2024
Domestic Credit Growth (%) 4.9 May 2024 monthly Dec 2002 - May 2024
Household Debt (USD mn) 32,223.1 May 2024 monthly Oct 2005 - May 2024
Total Loans (USD mn) 92,279.449 May 2024 monthly Dec 1998 - May 2024
Total Loans Growth (%) 6.43 May 2024 monthly Dec 1999 - May 2024
Private Debt: % of Nominal GDP (%) 69.04 Mar 2024 quarterly Dec 2007 - Mar 2024
Money Supply: M3 (PAB mn) 40,398.810 Apr 2024 monthly Dec 2002 - Apr 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 20,858.454 May 2024 monthly Dec 2002 - May 2024

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