Panama Market Capitalization

1993 - 2024 | Yearly | USD mn | CEIC Data

Key information about Panama Market Capitalization

  • Panama Market Capitalization accounted for 18.288 USD bn in Dec 2024, compared with a percentage of 20.354 USD bn in the previous year
  • Panama Market Capitalization is updated yearly, available from Dec 1993 to Dec 2024
  • The data reached an all-time high of 20.354 USD bn in Dec 2023 and a record low of 436.000 USD mn in Dec 1993

The World Bank provides annual Market Capitalization in USD. Market Capitalization includes domestic companies listed at the end of the year and excludes investment companies, mutual funds and other collective investment vehicles.

View Panama's Market Capitalization from 1993 to 2024 in the chart:

Panama Market Capitalization

What was Panama's Market Capitalization in 2024?

Panama Market Capitalization accounted for 18.288 USD bn in Dec 2024, compared with a percentage of 20.354 USD bn in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
18,288.000 2024 20,354.000 2023 436.000 1993 20,354.000 2023 USD mn yearly 1993 - 2024

Market Capitalization by Country Comparison

country/region Last Frequency Range
Algeria (USD mn) 5,696.967 Nov 2025 monthly Sep 1999 - Nov 2025
Argentina (USD mn) 103,135.076 Feb 2021 monthly Jan 1984 - Feb 2021
Armenia (USD mn) 1,206.098 Oct 2025 monthly Jan 2005 - Oct 2025
Australia (USD mn) 2,118,411.636 Nov 2025 monthly Jan 1985 - Nov 2025
Austria (USD mn) 197,228.278 Nov 2025 monthly Jan 2002 - Nov 2025
Bahrain (USD mn) 21,316.351 Oct 2025 monthly Jan 2004 - Oct 2025
Bangladesh (USD mn) 30,698.000 Aug 2025 monthly Jan 1998 - Aug 2025
Belgium (USD mn) 866,732.928 Nov 2025 monthly Jan 1990 - Nov 2025
Bosnia and Herzegovina (USD mn) 5,293.126 May 2023 monthly May 2008 - May 2023
Botswana (USD mn) 4,355.138 Nov 2025 monthly Jan 2003 - Nov 2025
Brazil (USD mn) 867,097.081 Dec 2025 monthly Jan 1995 - Dec 2025
Bulgaria (USD mn) 8,042.001 Oct 2025 monthly Jan 1998 - Oct 2025
Canada (USD mn) 4,447,458.208 Nov 2025 monthly Dec 2012 - Nov 2025
Chile (USD mn) 262,078.596 Dec 2025 monthly Jan 2003 - Dec 2025
China (USD mn) 14,954,039.750 Oct 2025 monthly Jul 1995 - Oct 2025
Colombia (USD mn) 122,314.335 Oct 2025 monthly Aug 2007 - Oct 2025
Croatia (USD mn) 36,996.864 Nov 2025 monthly Sep 2002 - Nov 2025
Cyprus (USD mn) 6,324.408 Nov 2025 monthly Sep 2004 - Nov 2025
Czech Republic (USD mn) 1,123,477.004 Nov 2025 monthly Jan 2000 - Nov 2025
Denmark (USD mn) 584,156.315 Nov 2025 monthly Jan 2006 - Nov 2025
Ecuador (USD mn) 9,000.355 2024 yearly 1990 - 2024
Egypt (USD mn) 62,901.587 Dec 2025 monthly Jan 1997 - Dec 2025
Estonia (USD mn) 5,210.063 Oct 2025 monthly Jan 2000 - Oct 2025
European Union (USD mn) 5,578,917.015 2018 yearly 1975 - 2018
Finland (USD mn) 351,318.919 Nov 2025 monthly Jan 1992 - Nov 2025
France (USD mn) 3,718,663.626 Oct 2025 monthly Dec 2004 - Oct 2025
Georgia (USD mn) 234.237 Dec 2025 monthly Jan 2015 - Dec 2025
Germany (USD mn) 2,757,016.417 Oct 2025 monthly Jan 1998 - Oct 2025
Ghana (USD mn) 14,772.969 Nov 2025 monthly Oct 2008 - Nov 2025
Greece (USD mn) 165,534.437 Nov 2025 monthly Feb 2008 - Nov 2025
Hong Kong SAR, China (USD mn) 6,183,929.024 Oct 2025 monthly Mar 1985 - Oct 2025
Hungary (USD mn) 68,901.105 Oct 2025 monthly Mar 2004 - Oct 2025
Iceland (USD mn) 18,500.501 Nov 2025 monthly Jan 2006 - Nov 2025
India (USD mn) 5,298,749.454 Oct 2025 monthly Jan 1993 - Oct 2025
Indonesia (USD mn) 942,505.507 Dec 2025 monthly Jan 1990 - Dec 2025
Iran (USD mn) 1,743,023.000 Sep 2023 monthly Nov 2006 - Sep 2023
Ireland (USD mn) 157,585.158 Feb 2023 monthly Dec 2000 - Feb 2023
Israel (USD mn) 507,400.000 Oct 2025 monthly Jan 2002 - Oct 2025
Italy (USD mn) 747,438.880 Feb 2023 monthly Jul 1998 - Feb 2023
Ivory Coast (USD mn) 23,515.552 Nov 2025 monthly Feb 2010 - Nov 2025
Japan (USD mn) 7,586,335.891 Oct 2025 monthly Jan 1957 - Oct 2025
Jordan (USD mn) 36,282.110 Nov 2025 monthly Jan 2000 - Nov 2025
Kazakhstan (USD mn) 77,640.302 Dec 2025 monthly Jan 2006 - Dec 2025
Kenya (USD mn) 22,824.104 Dec 2025 monthly Jan 2004 - Dec 2025
South Korea (USD mn) 2,701,097.141 Oct 2025 monthly Jan 1997 - Oct 2025
Kuwait (USD mn) 174,155.804 Dec 2025 monthly Apr 2005 - Dec 2025
Kyrgyzstan (USD mn) 2,513.076 Dec 2025 monthly Jan 2009 - Dec 2025
Laos (USD mn) 140.167 Dec 2025 monthly Jan 2011 - Dec 2025
Latvia (USD mn) 452.231 Oct 2025 monthly Jan 2000 - Oct 2025
Lebanon (USD mn) 19,251.295 Nov 2025 monthly Jan 1996 - Nov 2025
Lithuania (USD mn) 6,204.919 Oct 2025 monthly Jan 2000 - Oct 2025
Luxembourg (USD mn) 41,861.930 2024 yearly 1975 - 2024
North Macedonia (USD mn) 6,746.630 Oct 2025 monthly May 2004 - Oct 2025
Malawi (USD mn) 3,780.000 Jun 2024 monthly Jan 2004 - Jun 2024
Malaysia (USD mn) 453,055.218 Nov 2025 monthly Aug 2009 - Nov 2025
Malta (USD mn) 5,159.416 2023 yearly 2000 - 2023
Mauritius (USD mn) 6,725.631 Dec 2025 monthly Jan 2007 - Dec 2025
Mexico (USD mn) 601,393.862 Nov 2025 monthly Jan 1986 - Nov 2025
Mongolia (USD mn) 3,894.996 Dec 2025 monthly Feb 1998 - Dec 2025
Montenegro (USD mn) 2,524.319 Oct 2025 monthly Jan 2003 - Oct 2025
Morocco (USD mn) 114,007.570 Dec 2025 monthly Dec 1996 - Dec 2025
Mozambique (USD mn) 3,175.250 Nov 2025 monthly Oct 1999 - Nov 2025
Myanmar (USD mn) 374.163 Dec 2025 monthly Mar 2016 - Dec 2025
Nepal (USD mn) 31,328.212 Nov 2025 monthly Jul 2003 - Nov 2025
Netherlands (USD mn) 1,890,432.914 Nov 2025 monthly Jan 2002 - Nov 2025
New Zealand (USD mn) 92,866.710 2024 yearly 1985 - 2024
Nigeria (USD mn) 69,239.417 Dec 2025 monthly Jan 1985 - Dec 2025
Norway (USD mn) 401,698.338 Nov 2025 monthly Jan 2018 - Nov 2025
Oman (USD mn) 69,039.450 Nov 2025 monthly Jan 2003 - Nov 2025
Pakistan (USD mn) 70,295.169 Dec 2025 monthly Mar 1999 - Dec 2025
Palestinian Territory (USD mn) 4,942.821 Dec 2025 monthly Jan 2002 - Dec 2025
Panama (USD mn) 18,288.000 2024 yearly 1993 - 2024
Peru (USD mn) 246,827.905 Nov 2025 monthly Jan 1992 - Nov 2025
Philippines (USD mn) 318,543.495 Dec 2025 monthly Jan 1987 - Dec 2025
Poland (USD mn) 623,883.541 Nov 2025 monthly Aug 2007 - Nov 2025
Portugal (USD mn) 106,642.228 Nov 2025 monthly Mar 2005 - Nov 2025
Qatar (USD mn) 176,957.322 Dec 2025 monthly Oct 2003 - Dec 2025
Romania (USD mn) 111,297.217 Nov 2025 monthly Sep 1997 - Nov 2025
Russia (USD mn) 92,586.673 Dec 2025 monthly Apr 1997 - Dec 2025
Saudi Arabia (USD mn) 2,351,361.243 Dec 2025 monthly Dec 2005 - Dec 2025
Serbia (USD mn) 4,952.430 Oct 2025 monthly Apr 2004 - Oct 2025
Singapore (USD mn) 798,715.554 Nov 2025 monthly Jan 1999 - Nov 2025
Slovakia (USD mn) 2,739.708 Nov 2025 monthly Apr 2001 - Nov 2025
Slovenia (USD mn) 20,020.989 Nov 2025 monthly Jan 2008 - Nov 2025
South Africa (USD mn) 1,230,120.002 Jul 2023 monthly Jun 1992 - Jul 2023
Spain (USD mn) 1,781,921.850 Nov 2025 monthly Nov 2007 - Nov 2025
Sri Lanka (USD mn) 26,683.548 Oct 2025 monthly Jul 1991 - Oct 2025
Sudan (USD mn) 231.299 2021 yearly 2002 - 2021
Sweden (USD mn) 1,271,626.348 Nov 2025 monthly Apr 2006 - Nov 2025
Switzerland (USD mn) 2,098,053.506 Nov 2025 monthly Jan 2000 - Nov 2025
Syria (USD mn) 2,232.788 Nov 2025 monthly Jan 2010 - Nov 2025
Taiwan, China (USD mn) 2,867,241.996 Nov 2025 monthly Oct 1983 - Nov 2025
Thailand (USD mn) 559,222.711 Jul 2023 monthly Jan 1995 - Jul 2023
Tunisia (USD mn) 11,950.084 Dec 2025 monthly Jul 2004 - Dec 2025
Turkey (USD mn) 409,252.594 Dec 2025 monthly Jan 1986 - Dec 2025
Ukraine (USD mn) 4,415.440 2018 yearly 2010 - 2018
United Arab Emirates (USD mn) 1,143,441.709 Dec 2025 monthly Jan 2003 - Dec 2025
United Kingdom (USD mn) 3,846,372.785 Nov 2025 monthly Apr 1999 - Nov 2025
United States (USD mn) 62,185,685.320 2024 yearly 1975 - 2024
Uzbekistan (USD mn) 22,202.194 Sep 2025 monthly Jan 2010 - Sep 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 460.252 Oct 2025 monthly Jan 1995 - Oct 2025
Tax Revenue: % of GDP (%) 6.6 Sep 2025 quarterly Mar 2007 - Sep 2025
National Government Debt (USD mn) 58,832.7 Oct 2025 monthly Jul 2004 - Oct 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax (PAB th) 460,252.161 Oct 2025 monthly Jan 1995 - Oct 2025
Central Government Revenue: Current Revenue (PAB th) 567,877.450 Oct 2025 monthly Jan 1995 - Oct 2025
Public Debt: Domestic (USD mn) 10,843.916 Nov 2025 monthly Jul 2004 - Nov 2025
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,324.4 Oct 2025 monthly Jan 1964 - Oct 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) -10.6 Oct 2025 monthly Jan 2001 - Oct 2025
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) 1,404.5 Oct 2025 monthly Jan 2000 - Oct 2025
Total Imports Growth (%) 2.0 Sep 2025 monthly Jan 2001 - Sep 2025
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) 35.282 Aug 2025 monthly Jan 1970 - Aug 2025
Total Imports from USA (USD mn) 211.345 Aug 2025 monthly Jan 1967 - Aug 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 165.039 Aug 2025 monthly Mar 1989 - Aug 2025
Exports: FOB (PAB th) 80,133.426 Oct 2025 monthly Jan 2000 - Oct 2025
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 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
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 128.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Current Account Balance (USD mn) -502.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Current Account Balance: % of GDP (%) -2.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Direct Investment (USD mn) 676.4 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Direct Investment: % of GDP (%) 3.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
External Debt (USD mn) 48,132.1 Oct 2025 monthly Jul 2004 - Oct 2025
External Debt: % of GDP (%) 169.8 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 (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -75,811.580 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: CA: Goods: Credit (PAB mn) 4,179.957 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income (PAB mn) -1,457.621 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financing: Reserve Assets (PAB mn) 466.385 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financial Account (FA) (PAB mn) 1,301.970 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) -2,194.910 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Debit (PAB mn) -7,296.453 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services (PAB mn) 4,132.275 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Debit (PAB mn) -1,502.052 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Credit (PAB mn) 5,634.327 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Net Errors and Omissions (PAB mn) -1,228.288 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Credit (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods (PAB mn) -3,116.496 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Direct Investment (PAB mn) 548.322 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Credit (PAB mn) 1,103.205 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) -502.946 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Debit (PAB mn) -2,560.827 Sep 2025 quarterly Mar 2013 - Sep 2025
IIP: Liabilities (USD mn) 193,078.165 Sep 2025 quarterly Mar 2015 - Sep 2025
International Investment Position (IIP) (USD mn) -75,811.580 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Assets (USD mn) 117,266.585 Sep 2025 quarterly Mar 2015 - Sep 2025
Foreign Direct Investment (FDI) (PAB mn) 676.356 Sep 2025 quarterly Mar 2013 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2025 monthly Dec 2008 - Nov 2025
Household Debt: % of GDP (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Non-Performing Loans (USD mn) 1,598.833 Nov 2025 monthly Dec 2008 - Nov 2025
Money Supply M1 (USD mn) 9,045.180 Sep 2025 monthly Dec 2002 - Sep 2025
Money Supply M2 (USD mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
M2 Growth (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Foreign Exchange Reserves (USD mn) 5,397.9 Nov 2025 monthly Oct 1969 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 4.178 Sep 2025 quarterly Dec 2007 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 3.5 Oct 2025 monthly Jan 2000 - Oct 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,131.706 Nov 2025 monthly Dec 1998 - Nov 2025
Total Deposits Growth (%) 7.2 Nov 2025 monthly Dec 1999 - Nov 2025
Domestic Credit (USD mn) 64,958.0 Nov 2025 monthly Dec 2001 - Nov 2025
Domestic Credit Growth (%) 1.2 Nov 2025 monthly Dec 2002 - Nov 2025
Household Debt (USD mn) 33,969.4 Nov 2025 monthly Oct 2005 - Nov 2025
Total Loans (USD mn) 102,722.968 Nov 2025 monthly Dec 1998 - Nov 2025
Total Loans Growth (%) 5.67 Nov 2025 monthly Dec 1999 - Nov 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,458.796 Nov 2025 monthly Dec 2002 - Nov 2025

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