Panama Gross Savings Rate

Key information about Panama Gross Savings Rate

• Panama Gross Savings Rate was measured at 41.1% in Dec 2023, compared with 41.1% 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 41.1%.
• The data reached an all-time high of 41.1% 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 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 2023 in the chart:

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What was Panama's Gross Savings Rate in 2023?

Panama Gross Savings Rate was measured at 41.1% in Dec 2023, compared with 41.1% in the previous year. See the table below for more data.

Gross Savings Rate by Country Comparison

Panama Key Series

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