Panama Gross Savings Rate

1960 - 2023 | Yearly | % | CEIC Data

Key information about Panama Gross Savings Rate

  • Panama Gross Savings Rate was measured at 40.4% in Dec 2023, compared with 40.4% in the previous year.
  • Panama Gross Savings Rate is updated yearly, with data available from Dec 1960 to Dec 2023, and an average rate of 40.4%.
  • The data reached an all-time high of 40.4% in Dec 2023 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 3.4% YoY in Jun 2025.
  • Panama Nominal GDP reached 20,142.8 USD mn in Jun 2025. Its GDP deflator (implicit price deflator) fell 0.2% in Jun 2025.

View Panama's Gross Savings Rate from 1960 to 2023 in the chart:

Panama Gross Savings Rate

What was Panama's Gross Savings Rate in 2023?

Panama Gross Savings Rate was measured at 40.4% in Dec 2023, compared with 40.4% in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
40.4 2023 38.4 2022 5.2 1989 40.4 2023 % yearly 1960 - 2023

Gross Savings Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 17.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Algeria (%) 36.1 2021 yearly 2000 - 2021
Argentina (%) 12.3 Jun 2025 quarterly Mar 2004 - Jun 2025
Armenia (%) 24.6 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) 24.8 Jun 2025 quarterly Sep 1959 - Jun 2025
Austria (%) 26.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Azerbaijan (%) 25.3 Dec 2025 quarterly Mar 2001 - Dec 2025
Bahrain (%) 35.8 2024 yearly 1989 - 2024
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 26.2 Dec 2025 quarterly Mar 1992 - Dec 2025
Belgium (%) 24.2 Dec 2025 quarterly Mar 1980 - Dec 2025
Bolivia (%) -1.2 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 15.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Botswana (%) 22.3 Dec 2025 quarterly Mar 1994 - Dec 2025
Brazil (%) 11.4 Dec 2025 quarterly Mar 1991 - Dec 2025
Brunei (%) 53.5 Jun 2025 quarterly Mar 2004 - Jun 2025
Bulgaria (%) 18.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Cambodia (%) 33.2 2022 yearly 1993 - 2022
Canada (%) 25.0 Sep 2025 quarterly Mar 1961 - Sep 2025
Chile (%) 22.1 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 43.4 2024 yearly 1952 - 2024
Colombia (%) 12.9 Sep 2025 quarterly Mar 2005 - Sep 2025
Croatia (%) 31.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (%) 20.0 Dec 2025 quarterly Mar 1995 - Dec 2025
Czech Republic (%) 30.7 Dec 2025 quarterly Mar 1995 - Dec 2025
Denmark (%) 33.5 Dec 2025 quarterly Mar 1990 - Dec 2025
Ecuador (%) 22.4 Dec 2025 quarterly Mar 1991 - Dec 2025
Egypt (%) 2.4 2024 yearly 1969 - 2024
Estonia (%) 26.3 Sep 2025 quarterly Mar 1993 - Sep 2025
European Union (%) 25.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Finland (%) 23.9 Dec 2025 quarterly Mar 1990 - Dec 2025
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 16.1 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 24.5 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (%) 12.2 2024 yearly 2006 - 2024
Greece (%) 11.4 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (%) 29.2 Dec 2025 quarterly Mar 1999 - Dec 2025
Hungary (%) 28.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Iceland (%) 21.0 Dec 2025 quarterly Mar 1995 - Dec 2025
India (%) 30.7 2024 yearly 1951 - 2024
Indonesia (%) 37.5 Mar 2026 quarterly Mar 2010 - Mar 2026
Iran (%) 35.1 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (%) 59.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 28.3 Dec 2025 quarterly Mar 1995 - Dec 2025
Italy (%) 24.9 Dec 2025 quarterly Mar 1995 - Dec 2025
Ivory Coast (%) 23.7 2024 yearly 1960 - 2024
Japan (%) 30.1 Mar 2024 quarterly Mar 1980 - Mar 2024
Jordan (%) 11.1 2023 yearly 1963 - 2023
Kazakhstan (%) 33.3 Jun 2025 quarterly Mar 1994 - Jun 2025
Kenya (%) 12.5 2025 yearly 2006 - 2025
South Korea (%) 35.2 Jun 2025 quarterly Mar 1970 - Jun 2025
Kosovo (%) 1.5 Dec 2025 quarterly Mar 2010 - Dec 2025
Kuwait (%) 36.6 2024 yearly 1970 - 2024
Kyrgyzstan (%) -18.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 21.1 Dec 2025 quarterly Mar 1995 - Dec 2025
Lebanon (%) -20.3 2024 yearly 1990 - 2024
Lithuania (%) 22.4 Dec 2025 quarterly Mar 1995 - Dec 2025
Luxembourg (%) 47.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 58.5 Sep 2025 quarterly Mar 2001 - Sep 2025
North Macedonia (%) 22.1 Dec 2025 quarterly Mar 2000 - Dec 2025
Malawi (%) -1.1 2023 yearly 1977 - 2023
Malaysia (%) 21.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Malta (%) 39.0 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 18.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Mexico (%) 17.2 Dec 2025 quarterly Mar 1993 - Dec 2025
Moldova (%) 0.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Mongolia (%) 32.9 Sep 2025 quarterly Mar 2005 - Sep 2025
Montenegro (%) -9.4 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (%) 29.3 2024 yearly 1975 - 2024
Mozambique (%) 7.7 2024 yearly 1969 - 2024
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 35.7 2025 yearly 2001 - 2025
Netherlands (%) 29.1 Dec 2025 quarterly Mar 1995 - Dec 2025
New Zealand (%) 20.7 Jun 2025 quarterly Jun 1987 - Jun 2025
Nigeria (%) 48.5 2024 yearly 1981 - 2024
Norway (%) 32.9 Dec 2025 quarterly Mar 1978 - Dec 2025
Oman (%) 29.4 2024 yearly 1980 - 2024
Pakistan (%) 7.1 2025 yearly 2000 - 2025
Palestinian Territory (%) 6.7 Sep 2025 quarterly Mar 2011 - Sep 2025
Panama (%) 40.4 2023 yearly 1960 - 2023
Paraguay (%) 21.5 Dec 2025 quarterly Mar 1994 - Dec 2025
Peru (%) 32.3 Dec 2025 quarterly Mar 1990 - Dec 2025
Philippines (%) 5.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Poland (%) 26.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Portugal (%) 19.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Qatar (%) 66.3 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 19.6 Dec 2025 quarterly Mar 1995 - Dec 2025
Russia (%) 35.8 Dec 2025 quarterly Mar 1993 - Dec 2025
Saudi Arabia (%) 33.3 Dec 2025 quarterly Mar 2003 - Dec 2025
Serbia (%) 19.0 Dec 2025 quarterly Mar 1995 - Dec 2025
Singapore (%) 47.2 2025 yearly 1960 - 2025
Slovakia (%) 16.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Slovenia (%) 23.8 Dec 2025 quarterly Mar 1995 - Dec 2025
South Africa (%) 13.3 Dec 2025 quarterly Mar 1960 - Dec 2025
Spain (%) 24.8 Dec 2025 quarterly Mar 1999 - Dec 2025
Sri Lanka (%) 27.2 Jun 2025 quarterly Mar 2010 - Jun 2025
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 27.8 Dec 2025 quarterly Mar 1980 - Dec 2025
Switzerland (%) 33.6 Dec 2025 quarterly Mar 1990 - Dec 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.7 2025 yearly 2003 - 2025
Consolidated Fiscal Balance (USD mn) -3,320.820 2025 yearly 2003 - 2025
Tax Revenue (USD mn) 420.760 Feb 2026 monthly Jan 1995 - Feb 2026
Tax Revenue: % of GDP (%) 6.4 Dec 2025 quarterly Mar 2007 - Dec 2025
National Government Debt (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Government Debt: % of GDP (%) 65.6 Dec 2025 quarterly Dec 2007 - Dec 2025
Forecast: Government Expenditure (PAB bn) 27.414 2031 yearly 1994 - 2031
Forecast: Government Net Debt (PAB bn) 70.782 2031 yearly 1994 - 2031
Forecast: Government Revenue (PAB bn) 25.515 2031 yearly 1994 - 2031
Central Government Revenue: Current Revenue (PAB th) 525,756.409 Feb 2026 monthly Jan 1995 - Feb 2026
Central Government Revenue: Current Revenue: Tax (PAB th) 420,759.706 Feb 2026 monthly Jan 1995 - Feb 2026
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 207,575.084 Feb 2026 monthly Jan 1995 - Feb 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -952.4 Feb 2026 monthly Jan 1964 - Feb 2026
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) -14.6 Feb 2026 monthly Jan 2001 - Feb 2026
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) 1,018.8 Feb 2026 monthly Jan 2000 - Feb 2026
Total Imports Growth (%) -10.9 Feb 2026 monthly Jan 2001 - Feb 2026
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) 18.946 Dec 2025 monthly Jan 1970 - Dec 2025
Total Imports from USA (USD mn) 159.945 Dec 2025 monthly Jan 1967 - Dec 2025
Total Exports to China (USD mn) 1,311.685 2023 yearly 1999 - 2023
Total Imports from China (USD mn) 124.901 Dec 2025 monthly Mar 1989 - Dec 2025
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 233,057.000 2023 yearly 1999 - 2023
Exports: FOB: America: NAFTA: USA (PAB th) 145,828.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,311,685.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 66,371.000 2023 yearly 1999 - 2023
Exports: FOB: America: NAFTA: Mexico (PAB th) 46,106.000 2023 yearly 1999 - 2023
Exports: FOB: Prawn (PAB th) 6,920.533 Feb 2026 monthly Jan 2000 - Feb 2026
Exports: FOB: Banana (PAB th) 2,954.330 Feb 2026 monthly Jan 2000 - Feb 2026
Exports: FOB: Seafood Products (PAB th) 5,811.298 Feb 2026 monthly Jan 2002 - Feb 2026
Exports: FOB (PAB th) 66,412.864 Feb 2026 monthly Jan 2000 - Feb 2026
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 108,126.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: China (PAB th) 1,755,621.000 2023 yearly 1999 - 2023
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 299,244.000 2023 yearly 1999 - 2023
Imports: CIF: America: NAFTA: USA (PAB th) 2,729,967.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 47,260.000 2023 yearly 1999 - 2023
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
Export Value Index (2015=100) 147.500 2023 yearly 1981 - 2023
Import Value Index (2015=100) 152.300 2023 yearly 1981 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 212.3 Dec 2025 quarterly Mar 2013 - Dec 2025
Current Account Balance (USD mn) 93.7 Dec 2025 quarterly Mar 1998 - Dec 2025
Current Account Balance: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Direct Investment (USD mn) 803.8 Dec 2025 quarterly Mar 1998 - Dec 2025
Foreign Direct Investment: % of GDP (%) 3.1 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Portfolio Investment (USD mn) -11.668 Dec 2025 quarterly Mar 2013 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -0.0 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2025 quarterly Mar 2013 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -11.668 Dec 2025 quarterly Mar 2013 - Dec 2025
External Debt (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
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) -3.282 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -77,745.917 Dec 2025 quarterly Mar 2002 - Dec 2025
BoP: Net Errors and Omissions (PAB mn) -2,721.267 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Goods: Credit (PAB mn) 3,969.010 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Income: Debit (PAB mn) -1,757.686 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Income: Credit (PAB mn) 1,111.303 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Goods: Debit (PAB mn) -7,282.947 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Services (PAB mn) 4,152.366 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Income (PAB mn) -646.384 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) 13.787 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Capital Account (PAB mn) 1.007 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: FA: Direct Investment (PAB mn) 591.506 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Capital Account: Credit (PAB mn) 1.007 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2025 quarterly Mar 2013 - Dec 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) 93.682 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Financing: Reserve Assets (PAB mn) 248.795 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -11.668 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Services: Debit (PAB mn) -1,476.172 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Services: Credit (PAB mn) 5,628.539 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Financial Account (FA) (PAB mn) 2,121.850 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Goods (PAB mn) -3,313.938 Dec 2025 quarterly Mar 2013 - Dec 2025
International Investment Position (IIP) (USD mn) -77,745.917 Dec 2025 quarterly Mar 2015 - Dec 2025
IIP: Assets (USD mn) 117,758.868 Dec 2025 quarterly Mar 2015 - Dec 2025
IIP: Liabilities (USD mn) 195,504.785 Dec 2025 quarterly Mar 2015 - Dec 2025
Foreign Direct Investment (FDI) (PAB mn) 803.813 Dec 2025 quarterly Mar 2013 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Feb 2026 monthly Dec 2008 - Feb 2026
Household Debt: % of GDP (%) 37.8 Dec 2025 quarterly Dec 2007 - Dec 2025
Non-Performing Loans (USD mn) 1,648.210 Feb 2026 monthly Dec 2008 - Feb 2026
Money Supply M1 (USD mn) 9,755.360 Feb 2026 monthly Dec 2002 - Feb 2026
Money Supply M2 (USD mn) 46,841.810 Feb 2026 monthly Dec 2002 - Feb 2026
M2 Growth (%) 6.7 Feb 2026 monthly Dec 2003 - Feb 2026
Foreign Exchange Reserves (USD mn) 4,030.5 Mar 2026 monthly Oct 1969 - Mar 2026
Foreign Exchange Reserves: % of GDP (%) 6.239 Dec 2025 quarterly Dec 2007 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 4.7 Feb 2026 monthly Jan 2000 - Feb 2026
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 118,521.639 Mar 2026 monthly Dec 1998 - Mar 2026
Total Deposits Growth (%) 6.6 Mar 2026 monthly Dec 1999 - Mar 2026
Domestic Credit (USD mn) 64,257.9 Mar 2026 monthly Dec 2001 - Mar 2026
Domestic Credit Growth (%) -0.1 Mar 2026 monthly Dec 2002 - Mar 2026
Household Debt (USD mn) 34,223.1 Feb 2026 monthly Oct 2005 - Feb 2026
Total Loans (USD mn) 103,530.063 Mar 2026 monthly Dec 1998 - Mar 2026
Total Loans Growth (%) 3.68 Mar 2026 monthly Dec 1999 - Mar 2026
Private Debt: % of Nominal GDP (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Money Supply: M3 (PAB mn) 46,841.810 Feb 2026 monthly Dec 2002 - Feb 2026
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,538.593 Mar 2026 monthly Dec 2002 - Mar 2026

More Indicators for Panama

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