Panama Nominal GDP

2007 - 2020 | Quarterly | USD mn | CEIC Data

Panama Nominal GDP reached 15.0 USD bn in Dec 2020, compared with 12.0 USD bn in the previous quarter. Nominal GDP in Panama is updated quarterly, available from Mar 2007 to Dec 2020, with an average number of 11.6 USD bn. The data reached an all-time high of 17.5 USD bn in Dec 2019 and a record low of 5.0 USD bn in Mar 2007. CEIC converts quarterly Nominal GDP into 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.

In the latest reports, Panama GDP contracted 23.6 % YoY in Sep 2020. Its GDP deflator (implicit price deflator) fell 5.1 % in Sep 2020. Its Gross Savings Rate was measured at 36.6 % in Dec 2019. For Nominal GDP contributions, Investment accounted for 39.3 % in Dec 2019. Public Consumption accounted for 12.0 % in Dec 2019. Private Consumption accounted for 51.4 % in Dec 2019.

View Panama's Nominal GDP from Mar 2007 to Dec 2020 in the chart:

Panama Nominal GDP

What was Panama's Nominal GDP in Dec 2020?

Last Previous Min Max Unit Frequency Range
14,995.4 Dec 2020 12,028.7 Sep 2020 4,972.8 Mar 2007 17,499.6 Dec 2019 USD mn quarterly Mar 2007 - Dec 2020

Nominal GDP by Country Comparison

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Includes Nominal GDP on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) 4,084.6 Dec 2020 quarterly Mar 2008 - Dec 2020
Algeria (USD mn) 40,083.4 Mar 2020 quarterly Mar 1999 - Mar 2020
Argentina (USD mn) 98,796.7 Dec 2020 quarterly Mar 2004 - Dec 2020
Armenia (USD mn) 3,772.5 Dec 2020 quarterly Dec 1994 - Dec 2020
Australia (USD mn) 370,722.8 Dec 2020 quarterly Sep 1959 - Dec 2020
Austria (USD mn) 112,635.8 Dec 2020 quarterly Mar 1988 - Dec 2020
Azerbaijan (USD mn) 11,816.5 Dec 2020 quarterly Mar 2001 - Dec 2020
Bahrain (USD mn) 8,820.3 Dec 2020 quarterly Mar 2007 - Dec 2020
Bangladesh (USD mn) 329,803.7 2020 yearly 1960 - 2020
Belarus (USD mn) 15,790.2 Dec 2020 quarterly Mar 1994 - Dec 2020
Belgium (USD mn) 138,144.8 Dec 2020 quarterly Mar 1980 - Dec 2020
Bolivia (USD mn) 7,649.5 Jun 2020 quarterly Mar 1990 - Jun 2020
Bosnia and Herzegovina (USD mn) 5,340.8 Dec 2020 quarterly Mar 2008 - Dec 2020
Botswana (USD mn) 4,337.2 Dec 2020 quarterly Sep 1993 - Dec 2020
Brazil (USD mn) 377,635.0 Dec 2020 quarterly Mar 1990 - Dec 2020
Brunei (USD mn) 3,017.2 Dec 2020 quarterly Mar 2004 - Dec 2020
Bulgaria (USD mn) 20,217.2 Dec 2020 quarterly Mar 1995 - Dec 2020
Cambodia (USD mn) 27,030.5 2019 yearly 1993 - 2019
Canada (USD mn) 442,590.5 Dec 2020 quarterly Mar 1957 - Dec 2020
Chile (USD mn) 73,445.4 Dec 2020 quarterly Mar 1990 - Dec 2020
China (USD mn) 3,847,732.8 Mar 2021 quarterly Mar 1992 - Mar 2021
Colombia (USD mn) 72,827.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Croatia (USD mn) 14,691.2 Dec 2020 quarterly Mar 1995 - Dec 2020
Cyprus (USD mn) 6,313.4 Dec 2020 quarterly Mar 1995 - Dec 2020
Czech Republic (USD mn) 65,089.1 Dec 2020 quarterly Mar 1995 - Dec 2020
Denmark (USD mn) 94,351.6 Dec 2020 quarterly Mar 1990 - Dec 2020
Ecuador (USD mn) 24,680.8 Dec 2020 quarterly Mar 1991 - Dec 2020
Egypt (USD mn) 102,451.7 Sep 2020 quarterly Sep 2001 - Sep 2020
Estonia (USD mn) 8,326.1 Dec 2020 quarterly Mar 1995 - Dec 2020
European Union (USD mn) 4,058,072.6 Dec 2020 quarterly Mar 1999 - Dec 2020
Finland (USD mn) 71,189.1 Dec 2020 quarterly Mar 1990 - Dec 2020
France (USD mn) 700,846.2 Dec 2020 quarterly Mar 1957 - Dec 2020
Georgia (USD mn) 4,252.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Germany (USD mn) 1,009,253.9 Dec 2020 quarterly Mar 1960 - Dec 2020
Ghana (USD mn) 16,226.1 Sep 2020 quarterly Mar 2006 - Sep 2020
Greece (USD mn) 49,136.0 Dec 2020 quarterly Mar 1995 - Dec 2020
Hong Kong SAR, China (USD mn) 92,070.8 Dec 2020 quarterly Mar 1973 - Dec 2020
Hungary (USD mn) 44,941.1 Dec 2020 quarterly Mar 1995 - Dec 2020
Iceland (USD mn) 5,709.9 Dec 2020 quarterly Mar 1995 - Dec 2020
India (USD mn) 739,298.6 Dec 2020 quarterly Jun 1996 - Dec 2020
Indonesia (USD mn) 273,105.8 Dec 2020 quarterly Mar 1990 - Dec 2020
Iran (USD mn) 223,333.3 Sep 2020 quarterly Jun 1988 - Sep 2020
Ireland (USD mn) 112,119.3 Dec 2020 quarterly Mar 1995 - Dec 2020
Israel (USD mn) 107,335.6 Dec 2020 quarterly Mar 1995 - Dec 2020
Italy (USD mn) 506,144.4 Dec 2020 quarterly Mar 1980 - Dec 2020
Ivory Coast (USD mn) 10,091.2 Sep 2018 quarterly Mar 1997 - Sep 2018
Japan (USD mn) 1,318,837.0 Dec 2020 quarterly Mar 1957 - Dec 2020
Jordan (USD mn) 11,624.5 Dec 2020 quarterly Mar 1992 - Dec 2020
Kazakhstan (USD mn) 41,643.5 Sep 2020 quarterly Mar 1994 - Sep 2020
Kenya (USD mn) 24,509.1 Sep 2020 quarterly Mar 2009 - Sep 2020
South Korea (USD mn) 438,452.5 Dec 2020 quarterly Mar 1960 - Dec 2020
Kosovo (USD mn) 2,267.2 Dec 2020 quarterly Mar 2010 - Dec 2020
Kuwait (USD mn) 25,823.2 Sep 2020 quarterly Mar 2010 - Sep 2020
Kyrgyzstan (USD mn) 1,400.7 Mar 2021 quarterly Mar 2000 - Mar 2021
Laos (USD mn) 18,897.3 2019 yearly 1980 - 2019
Latvia (USD mn) 8,979.4 Dec 2020 quarterly Mar 1995 - Dec 2020
Lebanon (USD mn) 53,595.4 2019 yearly 1997 - 2019
Lithuania (USD mn) 14,777.4 Dec 2020 quarterly Mar 1995 - Dec 2020
Luxembourg (USD mn) 20,088.2 Dec 2020 quarterly Mar 1995 - Dec 2020
Macau SAR, China (USD mn) 7,707.5 Dec 2020 quarterly Mar 1998 - Dec 2020
North Macedonia (USD mn) 3,627.6 Dec 2020 quarterly Mar 2000 - Dec 2020
Malawi (USD mn) 10,862.6 2019 yearly 1960 - 2019
Malaysia (USD mn) 92,103.8 Dec 2020 quarterly Mar 1991 - Dec 2020
Malta (USD mn) 3,942.6 Dec 2020 quarterly Mar 1992 - Dec 2020
Mauritius (USD mn) 3,006.1 Dec 2020 quarterly Mar 1999 - Dec 2020
Mexico (USD mn) 296,709.7 Dec 2020 quarterly Mar 1993 - Dec 2020
Moldova (USD mn) 3,287.2 Dec 2020 quarterly Mar 1995 - Dec 2020
Mongolia (USD mn) 3,687.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Montenegro (USD mn) 1,382.5 Dec 2020 quarterly Mar 2010 - Dec 2020
Morocco (USD mn) 30,340.0 Dec 2020 quarterly Mar 1990 - Dec 2020
Mozambique (USD mn) 15,303.3 2019 yearly 1963 - 2019
Myanmar (USD mn) 66,719.6 2018 yearly 2001 - 2018
Nepal (USD mn) 32,387.7 2020 yearly 2001 - 2020
Netherlands (USD mn) 244,245.5 Dec 2020 quarterly Mar 1988 - Dec 2020
New Zealand (USD mn) 56,834.1 Dec 2020 quarterly Jun 1987 - Dec 2020
Nigeria (USD mn) 114,788.1 Dec 2020 quarterly Mar 2010 - Dec 2020
Norway (USD mn) 96,808.6 Dec 2020 quarterly Mar 1978 - Dec 2020
Oman (USD mn) 15,438.8 Sep 2020 quarterly Mar 2005 - Sep 2020
Pakistan (USD mn) 264,050.6 2020 yearly 2000 - 2020
Palestinian Territory (USD mn) 4,068.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Panama (USD mn) 14,995.4 Dec 2020 quarterly Mar 2007 - Dec 2020
Paraguay (USD mn) 9,661.2 Dec 2020 quarterly Mar 1994 - Dec 2020
Peru (USD mn) 59,049.2 Dec 2020 quarterly Mar 1979 - Dec 2020
Philippines (USD mn) 106,806.9 Dec 2020 quarterly Mar 1981 - Dec 2020
Poland (USD mn) 171,927.8 Dec 2020 quarterly Mar 1995 - Dec 2020
Portugal (USD mn) 61,882.7 Dec 2020 quarterly Mar 1995 - Dec 2020
Qatar (USD mn) 37,563.7 Dec 2020 quarterly Mar 2010 - Dec 2020
Romania (USD mn) 68,387.7 Dec 2020 quarterly Mar 1995 - Dec 2020
Russia (USD mn) 406,275.9 Dec 2020 quarterly Mar 1993 - Dec 2020
Saudi Arabia (USD mn) 186,016.8 Dec 2020 quarterly Mar 2003 - Dec 2020
Serbia (USD mn) 15,077.7 Dec 2020 quarterly Mar 1996 - Dec 2020
Singapore (USD mn) 87,937.8 Dec 2020 quarterly Mar 1975 - Dec 2020
Slovakia (USD mn) 28,325.2 Dec 2020 quarterly Mar 1995 - Dec 2020
Slovenia (USD mn) 13,946.3 Dec 2020 quarterly Mar 1995 - Dec 2020
South Africa (USD mn) 85,789.3 Dec 2020 quarterly Mar 1960 - Dec 2020
Spain (USD mn) 345,657.7 Dec 2020 quarterly Mar 1970 - Dec 2020
Sri Lanka (USD mn) 21,775.6 Dec 2020 quarterly Mar 2002 - Dec 2020
Sudan (USD mn) 42,504.5 2019 yearly 1960 - 2019
Sweden (USD mn) 152,043.2 Dec 2020 quarterly Mar 1980 - Dec 2020
Switzerland (USD mn) 197,482.7 Dec 2020 quarterly Mar 1970 - Dec 2020

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Panama Key Series

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Includes 243 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 (%) -10.1 2020 yearly 2003 - 2020
Consolidated Fiscal Balance (USD mn) -5,350.400 2020 yearly 2003 - 2020
Tax Revenue (USD mn) 247.841 Feb 2021 monthly Jan 1995 - Feb 2021
Tax Revenue: % of GDP (%) 8.5 Sep 2020 quarterly Mar 2007 - Sep 2020
National Government Debt (USD mn) 36,959.9 Dec 2020 monthly Jul 2004 - Dec 2020
Government Debt: % of GDP (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Forecast: Government Expenditure (PAB bn) 18.463 2026 yearly 1994 - 2026
Forecast: Government Net Debt (PAB bn) 45.856 2026 yearly 1994 - 2026
Forecast: Government Revenue (PAB bn) 17.220 2026 yearly 1994 - 2026
Central Government Revenue: Current Revenue (PAB th) 340,747.320 Feb 2021 monthly Jan 1995 - Feb 2021
Central Government Revenue: Current Revenue: Tax (PAB th) 247,840.708 Feb 2021 monthly Jan 1995 - Feb 2021
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 119,181.240 Feb 2021 monthly Jan 1995 - Feb 2021
Central Government Operations: Total Revenue (PAB th) 12,335,110.903 2018 yearly 2000 - 2018
Central Government Operations: Total Expenditure (PAB th) 13,335,911.222 2019 yearly 2000 - 2019
CGO: Expenditure: Current (USD mn) 7,406.300 2019 yearly 1993 - 2019
CGO: Expenditure: Capital (USD mn) 3,521.800 2019 yearly 1993 - 2019
CGO: Overall Balance, Accrual Basis (USD mn) -2,504.800 2019 yearly 1993 - 2019
Public Debt: Domestic (USD mn) 6,656.615 Feb 2021 monthly Jul 2004 - Feb 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.757 2026 yearly 1980 - 2026
Trade Balance (USD mn) -430.5 Jan 2021 monthly Jan 1964 - Jan 2021
Total Exports (USD mn) 238.5 Feb 2021 monthly Jan 2000 - Feb 2021
Total Exports Growth (%) 29.6 Feb 2021 monthly Jan 2001 - Feb 2021
Aluminum: Exports (USD th) 7,433.156 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 828,726.833 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 52,026.873 2019 yearly 1995 - 2019
Total Imports (USD mn) 672.0 Jan 2021 monthly Jan 2000 - Jan 2021
Total Imports Growth (%) -26.4 Jan 2021 monthly Jan 2001 - Jan 2021
Imports: Medicament (USD th) 945,925.460 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 179,739.197 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 225.235 Dec 2020 monthly Jan 1967 - Dec 2020
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 54.165 Dec 2020 monthly Mar 1989 - Dec 2020
Exports: FOB: America: NAFTA: USA (PAB th) 112,882.000 2018 yearly 1999 - 2018
Exports: FOB: America: NAFTA: Mexico (PAB th) 8,293.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 49,411.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: China (PAB th) 30,644.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 7,417.000 2018 yearly 1999 - 2018
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: ASEAN: Thailand (PAB th) 120,467.000 2018 yearly 1999 - 2018
Imports: CIF: Asia: Rest of Asia: China (PAB th) 57,989.000 2018 yearly 1999 - 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 195,501.000 2018 yearly 1999 - 2018
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 243,990.000 2018 yearly 1999 - 2018
Imports: CIF: America: NAFTA: USA (PAB th) 3,281,120.000 2018 yearly 1999 - 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 334.3 Sep 2020 quarterly Mar 2013 - Sep 2020
Current Account Balance (USD mn) 17.8 Sep 2020 quarterly Mar 1998 - Sep 2020
Current Account Balance: % of GDP (%) 0.1 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Direct Investment (USD mn) 461.8 Sep 2020 quarterly Mar 1998 - Sep 2020
Foreign Direct Investment: % of GDP (%) 3.8 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2020 quarterly Mar 2013 - Sep 2020
Foreign Portfolio Investment: % of GDP (%) 18.5 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment (USD mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
External Debt (USD mn) 29,817.4 Dec 2020 monthly Jul 2004 - Dec 2020
External Debt: % of GDP (%) 156.8 2019 yearly 2014 - 2019
External Debt: Short Term (USD mn) 38,673.4 Jun 2020 quarterly Sep 2014 - Jun 2020
External Debt: Short Term: % of GDP (%) 55.1 2019 yearly 1970 - 2019
Forecast: Current Account Balance (USD bn) -2.091 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -63,872.394 Sep 2020 quarterly Mar 2002 - Sep 2020
BoP: CA: Income: Credit (PAB mn) 366.092 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Financial Account (FA) (PAB mn) 2,991.995 Sep 2020 quarterly Mar 2013 - Sep 2020
Balance of Payment (BoP): Current Account (CA) (PAB mn) 17.824 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Financing: Reserve Assets (PAB mn) -4,139.419 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Direct Investment (PAB mn) 127.490 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Portfolio Investment: Assets (PAB mn) 443.412 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services: Credit (PAB mn) 1,858.600 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods: Credit (PAB mn) 2,818.869 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income (PAB mn) -632.289 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods (PAB mn) -681.536 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income: Debit (PAB mn) -998.381 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods: Debit (PAB mn) -3,500.405 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services (PAB mn) 1,300.330 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services: Debit (PAB mn) -558.270 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account (PAB mn) 2.510 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account: Credit (PAB mn) 2.510 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2020 quarterly Mar 2013 - Sep 2020
International Investment Position (IIP) (USD mn) -63,872.394 Sep 2020 quarterly Mar 2015 - Sep 2020
IIP: Liabilities (USD mn) 141,903.927 Sep 2020 quarterly Mar 2015 - Sep 2020
IIP: Assets (USD mn) 78,031.533 Sep 2020 quarterly Mar 2015 - Sep 2020
Foreign Direct Investment (FDI) (PAB mn) 461.767 Sep 2020 quarterly Mar 2013 - Sep 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2020 monthly Dec 2008 - Nov 2020
Household Debt: % of GDP (%) 49.6 Sep 2020 quarterly Dec 2007 - Sep 2020
Non-Performing Loans (USD mn) 1,194.080 Nov 2020 monthly Dec 2008 - Nov 2020
Money Supply M1 (USD mn) 9,094.309 Feb 2021 monthly Dec 2002 - Feb 2021
Money Supply M2 (USD mn) 45,813.861 Feb 2021 monthly Dec 2002 - Feb 2021
M2 Growth (%) 8.2 Feb 2021 monthly Dec 2003 - Feb 2021
Foreign Exchange Reserves (USD mn) 9,722.2 Feb 2021 monthly Oct 1969 - Feb 2021
Foreign Exchange Reserves: % of GDP (%) 17.675 Dec 2020 quarterly Dec 2007 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 15.4 Jan 2021 monthly Jan 2000 - Jan 2021
Gold Reserves (USD mn) 0.000 Feb 2021 monthly Sep 1969 - Feb 2021
Total Deposits Growth (%) 11.4 Feb 2021 monthly Dec 1999 - Feb 2021
Total Deposits (USD mn) 95,926.795 Feb 2021 monthly Dec 1998 - Feb 2021
Domestic Credit (USD mn) 54,174.3 Jan 2021 monthly Dec 2001 - Jan 2021
Domestic Credit Growth (%) -1.8 Jan 2021 monthly Dec 2002 - Jan 2021
Household Debt (USD mn) 27,654.7 Jan 2021 monthly Oct 2005 - Jan 2021
Total Loans (USD mn) 74,276.604 Dec 2020 monthly Dec 1998 - Dec 2020
Total Loans Growth (%) -5.63 Oct 2020 monthly Dec 1999 - Oct 2020
Private Debt: % of Nominal GDP (%) 97.01 Dec 2020 quarterly Dec 2007 - Dec 2020
Money Supply: M1 (PAB mn) 8,202.360 Aug 2020 monthly Dec 2002 - Aug 2020
Money Supply: M3 (PAB mn) 45,813.861 Feb 2021 monthly Dec 2002 - Feb 2021
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,053.546 Jan 2021 monthly Dec 2002 - Jan 2021

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