Panama Nominal GDP

2007 - 2022 | Quarterly | USD mn | CEIC Data

Key information about Panama Nominal GDP

  • Panama Nominal GDP reached 18.1 USD bn in Sep 2022, compared with 15.7 USD bn in the previous quarter.
  • Nominal GDP in Panama is updated quarterly, available from Mar 2007 to Sep 2022, with an average number of 12.4 USD bn.
  • The data reached an all-time high of 18.6 USD bn in Dec 2021 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.


Related information about Panama Nominal GDP

  • In the latest reports, Panama GDP expanded 9.5 % YoY in Sep 2022.
  • Its GDP deflator (implicit price deflator) increased 2.0 % in Sep 2022.
  • Its Gross Savings Rate was measured at 34.9 % in Dec 2021.
  • For Nominal GDP contributions, Investment accounted for 25.5 % in Dec 2021.
  • Public Consumption accounted for 15.5 % in Dec 2021.
  • Private Consumption accounted for 49.5 % in Dec 2021.

View Panama's Nominal GDP from Mar 2007 to Sep 2022 in the chart:

Panama Nominal GDP

What was Panama's Nominal GDP in Sep 2022?

Panama Nominal GDP reached 18.1 USD bn in Sep 2022, compared with 15.7 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
18,056.7 Sep 2022 15,660.8 Jun 2022 4,972.8 Mar 2007 18,559.5 Dec 2021 USD mn quarterly Mar 2007 - Sep 2022

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) 1,020.5 Mar 2023 quarterly Mar 2008 - Mar 2023
Algeria (USD mn) 49,686.2 Sep 2022 quarterly Mar 1999 - Sep 2022
Argentina (USD mn) 161,468.8 Sep 2022 quarterly Mar 1993 - Sep 2022
Armenia (USD mn) 4,555.0 Mar 2023 quarterly Dec 1994 - Mar 2023
Australia (USD mn) 440,146.9 Mar 2023 quarterly Sep 1959 - Mar 2023
Austria (USD mn) 117,117.1 Dec 2022 quarterly Mar 1988 - Dec 2022
Azerbaijan (USD mn) 20,960.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Bahrain (USD mn) 11,004.5 Dec 2022 quarterly Mar 2007 - Dec 2022
Bangladesh (USD mn) 460,199.8 2022 yearly 1960 - 2022
Belarus (USD mn) 16,878.2 Mar 2023 quarterly Mar 1994 - Mar 2023
Belgium (USD mn) 153,814.1 Mar 2023 quarterly Mar 1980 - Mar 2023
Bolivia (USD mn) 10,724.0 Sep 2022 quarterly Mar 1990 - Sep 2022
Bosnia and Herzegovina (USD mn) 6,170.0 Sep 2022 quarterly Mar 2008 - Sep 2022
Botswana (USD mn) 5,136.2 Mar 2023 quarterly Sep 1993 - Mar 2023
Brazil (USD mn) 486,069.0 Mar 2023 quarterly Mar 1990 - Mar 2023
Brunei (USD mn) 4,130.1 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (USD mn) 24,538.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (USD mn) 29,598.9 2022 yearly 1993 - 2022
Canada (USD mn) 513,543.5 Dec 2022 quarterly Mar 1957 - Dec 2022
Chile (USD mn) 69,075.0 Sep 2022 quarterly Mar 1990 - Sep 2022
China (USD mn) 4,166,759.1 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (USD mn) 79,499.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Croatia (USD mn) 17,564.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Cyprus (USD mn) 7,631.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Czech Republic (USD mn) 72,034.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (USD mn) 96,987.7 Dec 2022 quarterly Mar 1990 - Dec 2022
Ecuador (USD mn) 29,334.6 Sep 2022 quarterly Mar 1991 - Sep 2022
Egypt (USD mn) 108,969.4 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (USD mn) 9,214.3 Sep 2022 quarterly Mar 1995 - Sep 2022
European Union (USD mn) 4,141,831.0 Dec 2022 quarterly Mar 1999 - Dec 2022
Finland (USD mn) 73,976.2 Mar 2023 quarterly Mar 1990 - Mar 2023
France (USD mn) 689,415.2 Dec 2022 quarterly Mar 1957 - Dec 2022
Georgia (USD mn) 6,247.1 Mar 2023 quarterly Mar 2010 - Mar 2023
Germany (USD mn) 1,072,807.2 Mar 2023 quarterly Mar 1960 - Mar 2023
Ghana (USD mn) 19,123.8 Mar 2023 quarterly Mar 2006 - Mar 2023
Greece (USD mn) 50,731.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (USD mn) 94,469.6 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (USD mn) 42,734.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Iceland (USD mn) 7,161.1 Mar 2023 quarterly Mar 1995 - Mar 2023
India (USD mn) 873,666.0 Mar 2023 quarterly Jun 1996 - Mar 2023
Indonesia (USD mn) 328,642.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (USD mn) 429,426.7 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (USD mn) 133,294.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Israel (USD mn) 133,411.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Italy (USD mn) 538,664.9 Mar 2023 quarterly Mar 1980 - Mar 2023
Ivory Coast (USD mn) 11,011.3 Sep 2022 quarterly Mar 1997 - Sep 2022
Japan (USD mn) 991,864.7 Dec 2022 quarterly Mar 1957 - Dec 2022
Jordan (USD mn) 11,474.4 Mar 2023 quarterly Mar 1992 - Mar 2023
Kazakhstan (USD mn) 76,997.7 Dec 2022 quarterly Mar 1994 - Dec 2022
Kenya (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022
South Korea (USD mn) 429,247.3 Mar 2023 quarterly Mar 1960 - Mar 2023
Kosovo (USD mn) 2,551.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (USD mn) 27,984.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Kyrgyzstan (USD mn) 2,120.3 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (USD mn) 15,362.5 2022 yearly 1984 - 2022
Latvia (USD mn) 10,411.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Lebanon (USD mn) 63,482.3 2020 yearly 1997 - 2020
Lithuania (USD mn) 19,049.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Luxembourg (USD mn) 22,027.3 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (USD mn) 6,008.2 Dec 2022 quarterly Mar 1998 - Dec 2022
North Macedonia (USD mn) 3,828.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (USD mn) 10,862.6 2019 yearly 1960 - 2019
Malaysia (USD mn) 102,217.9 Dec 2022 quarterly Mar 1991 - Dec 2022
Malta (USD mn) 4,614.7 Mar 2023 quarterly Mar 1992 - Mar 2023
Mauritius (USD mn) 3,723.6 Dec 2022 quarterly Mar 1999 - Dec 2022
Mexico (USD mn) 372,043.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Moldova (USD mn) 3,863.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Mongolia (USD mn) 3,889.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Montenegro (USD mn) 1,835.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (USD mn) 33,460.2 Sep 2022 quarterly Mar 1990 - Sep 2022
Mozambique (USD mn) 15,777.0 2021 yearly 1963 - 2021
Myanmar (USD mn) 66,719.6 2018 yearly 2001 - 2018
Nepal (USD mn) 40,828.2 2022 yearly 2001 - 2022
Netherlands (USD mn) 272,109.1 Mar 2023 quarterly Mar 1988 - Mar 2023
New Zealand (USD mn) 58,483.4 Dec 2022 quarterly Jun 1987 - Dec 2022
Nigeria (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Norway (USD mn) 133,727.8 Dec 2022 quarterly Mar 1978 - Dec 2022
Oman (USD mn) 27,116.8 Mar 2023 quarterly Mar 2005 - Mar 2023
Pakistan (USD mn) 341,308.8 2023 yearly 2000 - 2023
Palestinian Territory (USD mn) 4,747.2 Sep 2022 quarterly Mar 2000 - Sep 2022
Panama (USD mn) 18,056.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Paraguay (USD mn) 10,371.6 Sep 2022 quarterly Mar 1994 - Sep 2022
Peru (USD mn) 60,278.3 Mar 2023 quarterly Mar 1979 - Mar 2023
Philippines (USD mn) 112,472.0 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (USD mn) 188,184.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Portugal (USD mn) 60,609.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Qatar (USD mn) 62,753.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Romania (USD mn) 84,896.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Russia (USD mn) 677,540.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (USD mn) 272,995.3 Dec 2022 quarterly Mar 2003 - Dec 2022
Serbia (USD mn) 17,095.0 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (USD mn) 120,606.6 Mar 2023 quarterly Mar 1975 - Mar 2023
Slovakia (USD mn) 31,651.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Slovenia (USD mn) 15,628.1 Dec 2022 quarterly Mar 1995 - Dec 2022
South Africa (USD mn) 98,826.0 Sep 2022 quarterly Mar 1960 - Sep 2022
Spain (USD mn) 377,281.4 Mar 2023 quarterly Mar 1970 - Mar 2023
Sri Lanka (USD mn) 17,949.0 Sep 2022 quarterly Mar 2002 - Sep 2022
Sudan (USD mn) 30,863.0 2021 yearly 1960 - 2021
Sweden (USD mn) 145,310.7 Mar 2023 quarterly Mar 1980 - Mar 2023
Switzerland (USD mn) 201,987.0 Dec 2022 quarterly Mar 1980 - Dec 2022

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Panama Key Series

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Includes 165 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 (%) -3.9 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -3,005.500 2022 yearly 2003 - 2022
Tax Revenue (USD mn) 353.510 May 2023 monthly Jan 1995 - May 2023
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 46,720.4 Jul 2023 monthly Jul 2004 - Jul 2023
Government Debt: % of GDP (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Forecast: Government Expenditure (PAB bn) 23.051 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 52.276 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.453 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 168,443.301 May 2023 monthly Jan 1995 - May 2023
Central Government Revenue: Current Revenue: Tax (PAB th) 353,510.462 May 2023 monthly Jan 1995 - May 2023
Central Government Revenue: Current Revenue (PAB th) 478,243.457 May 2023 monthly Jan 1995 - May 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,048.4 May 2023 monthly Jan 1964 - May 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -12.3 Jun 2023 monthly Jan 2001 - Jun 2023
Aluminum: Exports (USD th) 5,167.980 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) 1,358.3 May 2023 monthly Jan 2000 - May 2023
Total Imports Growth (%) 4.5 May 2023 monthly Jan 2001 - May 2023
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) 9.420 May 2023 monthly Jan 1970 - May 2023
Total Imports from USA (USD mn) 247.363 May 2023 monthly Jan 1967 - May 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 168.995 May 2023 monthly Mar 1989 - May 2023
Exports: FOB: Prawn (PAB th) 4,930.818 Jun 2023 monthly Jan 2000 - Jun 2023
Exports: FOB: Banana (PAB th) 12,254.483 Jun 2023 monthly Jan 2000 - Jun 2023
Exports: FOB (PAB th) 343,442.332 Jun 2023 monthly Jan 2000 - Jun 2023
Exports: FOB: Seafood Products (PAB th) 6,513.021 Jun 2023 monthly Jan 2002 - Jun 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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -2.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Current Account Balance (USD mn) -2,979.5 Sep 2022 quarterly Mar 1998 - Sep 2022
Current Account Balance: % of GDP (%) -16.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Direct Investment (USD mn) 578.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment (USD mn) 968.070 Dec 2022 quarterly Mar 2013 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) -0.0 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2022 quarterly Mar 2013 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 968.070 Dec 2022 quarterly Mar 2013 - Dec 2022
External Debt (USD mn) 38,646.0 Jul 2023 monthly Jul 2004 - Jul 2023
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) -2.743 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,476.053 Sep 2022 quarterly Mar 2002 - Sep 2022
BoP: Net Errors and Omissions (PAB mn) -1,339.033 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Goods (PAB mn) -2,408.674 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Services: Credit (PAB mn) 4,462.109 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Services (PAB mn) 3,171.950 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Goods: Debit (PAB mn) -7,063.418 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Income: Credit (PAB mn) 689.499 Dec 2022 quarterly Mar 2013 - Dec 2022
Balance of Payment (BoP): Current Account (CA) (PAB mn) 454.311 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Goods: Credit (PAB mn) 4,654.744 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Income (PAB mn) -287.914 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Income: Debit (PAB mn) -977.413 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Capital Account: Credit (PAB mn) 2.015 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Services: Debit (PAB mn) -1,290.158 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Financing: Reserve Assets (PAB mn) -444.696 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: FA: Direct Investment (PAB mn) 581.314 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 968.070 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Capital Account (PAB mn) 2.015 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Financial Account (FA) (PAB mn) 1,727.641 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: FA: Portfolio Investment: Assets (PAB mn) 1,688.657 Dec 2022 quarterly Mar 2013 - Dec 2022
International Investment Position (IIP) (USD mn) -70,557.258 Dec 2022 quarterly Mar 2015 - Dec 2022
IIP: Liabilities (USD mn) 166,371.605 Dec 2022 quarterly Mar 2015 - Dec 2022
IIP: Assets (USD mn) 95,814.347 Dec 2022 quarterly Mar 2015 - Dec 2022
Foreign Direct Investment (FDI) (PAB mn) 578.707 Dec 2022 quarterly Mar 2013 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Jul 2023 monthly Dec 2008 - Jul 2023
Household Debt: % of GDP (%) 42.6 Sep 2022 quarterly Dec 2007 - Sep 2022
Non-Performing Loans (USD mn) 1,401.997 Jul 2023 monthly Dec 2008 - Jul 2023
Money Supply M1 (USD mn) 8,920.760 Jun 2023 monthly Dec 2002 - Jun 2023
Money Supply M2 (USD mn) 37,941.910 Jun 2023 monthly Dec 2002 - Jun 2023
M2 Growth (%) -1.8 Jun 2023 monthly Dec 2003 - Jun 2023
Foreign Exchange Reserves (USD mn) 5,182.9 Jul 2023 monthly Oct 1969 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 8.199 Sep 2022 quarterly Dec 2007 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 4.3 May 2023 monthly Jan 2000 - May 2023
Gold Reserves (USD mn) 0.000 Jul 2023 monthly Sep 1969 - Jul 2023
Total Deposits (USD mn) 101,649.481 Jul 2023 monthly Dec 1998 - Jul 2023
Total Deposits Growth (%) 4.5 Jul 2023 monthly Dec 1999 - Jul 2023
Domestic Credit (USD mn) 59,783.8 Jul 2023 monthly Dec 2001 - Jul 2023
Domestic Credit Growth (%) 5.2 Jul 2023 monthly Dec 2002 - Jul 2023
Household Debt (USD mn) 31,050.8 Jul 2023 monthly Oct 2005 - Jul 2023
Total Loans (USD mn) 88,048.156 Jul 2023 monthly Dec 1998 - Jul 2023
Total Loans Growth (%) 5.85 Jul 2023 monthly Dec 1999 - Jul 2023
Private Debt: % of Nominal GDP (%) 78.23 Sep 2022 quarterly Dec 2007 - Sep 2022
Money Supply: M3 (PAB mn) 37,941.910 Jun 2023 monthly Dec 2002 - Jun 2023

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