Panama Private Debt: % of Nominal GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Panama Private Debt: % of Nominal GDP

  • Panama Private Debt accounted for 67.13 % of its Nominal GDP in Dec 2025, compared with a ratio of 68.32 % in the previous quarter
  • Panama Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 2007 to Dec 2025, with an average share of 73.42 %
  • The data reached an all-time high of 93.86 % in Mar 2021 and a record low of 67.13 % in Dec 2025

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated by subtracting Private Credits to Financial Institutions and Insurance from Total Private Credits. The Superintendency of Banks of Panama provides Private Debt in local currency. The National Institute of Statistics and Census provides Nominal GDP in local currency based on SNA 2008. Private Debt as % of Nominal GDP prior to Q4 2018 is calculated from Nominal GDP based on SNA 1993.

View Panama's Private Debt: % of Nominal GDP from Dec 2007 to Dec 2025 in the chart:

Panama Private Debt: % of Nominal GDP

What was Panama's Private Debt: % of Nominal GDP in Dec 2025?

Panama Private Debt accounted for 67.13 % of its Nominal GDP in Dec 2025, compared with a ratio of 68.32 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
67.13 Dec 2025 68.32 Sep 2025 67.13 Dec 2025 93.86 Mar 2021 % quarterly Dec 2007 - Dec 2025

Private Debt: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 34.45 Mar 2026 quarterly Dec 2002 - Mar 2026
Algeria (%) 18.54 Dec 2024 quarterly Jun 2006 - Dec 2024
Argentina (%) 13.72 Mar 2026 quarterly Dec 2004 - Mar 2026
Armenia (%) 64.40 Mar 2026 quarterly Dec 2000 - Mar 2026
Australia (%) 129.70 Mar 2026 quarterly Mar 1990 - Mar 2026
Austria (%) 85.01 Mar 2026 quarterly Dec 1998 - Mar 2026
Azerbaijan (%) 26.11 Mar 2026 quarterly Dec 2001 - Mar 2026
Bahrain (%) 62.48 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 31.52 2025 yearly 1974 - 2025
Belarus (%) 20.27 Mar 2026 quarterly Dec 2006 - Mar 2026
Belgium (%) 65.69 Mar 2026 quarterly Mar 1999 - Mar 2026
Bolivia (%) 68.67 Dec 2024 quarterly Dec 1997 - Dec 2024
Bosnia and Herzegovina (%) 47.17 Mar 2026 quarterly Dec 2008 - Mar 2026
Botswana (%) 29.71 Mar 2026 quarterly Dec 2002 - Mar 2026
Brazil (%) 53.62 Mar 2026 quarterly Mar 2012 - Mar 2026
Brunei (%) 30.57 Mar 2026 quarterly Mar 2011 - Mar 2026
Bulgaria (%) 48.52 Dec 2025 quarterly Dec 2005 - Dec 2025
Cambodia (%) 119.72 2025 yearly 2010 - 2025
Canada (%) 209.41 Mar 2026 quarterly Mar 1969 - Mar 2026
Chile (%) 65.42 Dec 2025 quarterly Mar 2012 - Dec 2025
China (%) 198.85 Sep 2025 quarterly Dec 1992 - Sep 2025
Colombia (%) 39.40 Mar 2026 quarterly Dec 2005 - Mar 2026
Croatia (%) 49.39 Mar 2026 quarterly Dec 2008 - Mar 2026
Cyprus (%) 53.18 Mar 2026 quarterly Dec 2005 - Mar 2026
Czech Republic (%) 47.72 Dec 2025 quarterly Mar 1997 - Dec 2025
Denmark (%) 28.74 Mar 2026 quarterly Dec 2013 - Mar 2026
Ecuador (%) 57.92 Mar 2026 quarterly Mar 2004 - Mar 2026
Egypt (%) 24.36 Dec 2025 quarterly Jun 2002 - Dec 2025
Estonia (%) 63.71 Mar 2026 quarterly Mar 1997 - Mar 2026
European Union (%) 77.07 Mar 2026 quarterly Sep 1997 - Mar 2026
Finland (%) 88.93 Mar 2026 quarterly Sep 1997 - Mar 2026
France (%) 105.15 Mar 2026 quarterly Mar 1980 - Mar 2026
Georgia (%) 66.15 Mar 2026 quarterly Dec 1996 - Mar 2026
Germany (%) 72.26 Mar 2026 quarterly Dec 1991 - Mar 2026
Ghana (%) 7.16 Mar 2026 quarterly Dec 2006 - Mar 2026
Greece (%) 52.17 Mar 2026 quarterly Mar 2001 - Mar 2026
Hong Kong SAR, China (%) 188.87 Mar 2026 quarterly Dec 1973 - Mar 2026
Hungary (%) 55.06 Mar 2026 quarterly Dec 2015 - Mar 2026
Iceland (%) 87.77 Mar 2026 quarterly Dec 1995 - Mar 2026
India (%) 51.51 Mar 2022 quarterly Mar 1997 - Mar 2022
Indonesia (%) 30.39 Mar 2026 quarterly Mar 2002 - Mar 2026
Iran (%) 57.83 2016 yearly 1961 - 2016
Ireland (%) 22.27 Dec 2025 quarterly Mar 2003 - Dec 2025
Israel (%) 116.46 Mar 2026 quarterly Dec 1995 - Mar 2026
Italy (%) 57.18 Mar 2026 quarterly Jun 1998 - Mar 2026
Ivory Coast (%) 22.95 2025 yearly 2016 - 2025
Japan (%) 115.91 Dec 2025 quarterly Dec 2001 - Dec 2025
Jordan (%) 69.48 Mar 2026 quarterly Mar 2002 - Mar 2026
Kazakhstan (%) 26.63 Mar 2026 quarterly Mar 1996 - Mar 2026
Kenya (%) 28.07 Dec 2025 quarterly Dec 2009 - Dec 2025
South Korea (%) 136.79 Mar 2026 quarterly Mar 1991 - Mar 2026
Kosovo (%) 60.21 Mar 2026 quarterly Dec 2010 - Mar 2026
Kuwait (%) 109.76 Mar 2026 quarterly Dec 2010 - Mar 2026
Kyrgyzstan (%) 27.03 Mar 2026 quarterly Dec 2003 - Mar 2026
Laos (%) 59.39 2025 yearly 2012 - 2025
Latvia (%) 30.61 Dec 2025 quarterly Sep 2003 - Dec 2025
Lebanon (%) 102.16 2017 yearly 1988 - 2017
Lithuania (%) 39.31 Mar 2026 quarterly Mar 2004 - Mar 2026
Luxembourg (%) 78.67 Mar 2026 quarterly Mar 1999 - Mar 2026
Macau SAR, China (%) 115.84 Mar 2026 quarterly Dec 2001 - Mar 2026
North Macedonia (%) 52.91 Mar 2026 quarterly Mar 2003 - Mar 2026
Malawi (%) 7.49 2023 yearly 2017 - 2023
Malaysia (%) 117.79 Mar 2026 quarterly Dec 2001 - Mar 2026
Malta (%) 64.48 Mar 2026 quarterly Dec 2003 - Mar 2026
Mauritius (%) 71.20 Mar 2026 quarterly Dec 2001 - Mar 2026
Mexico (%) 21.67 Mar 2026 quarterly Mar 2004 - Mar 2026
Moldova (%) 29.51 Mar 2026 quarterly Mar 2000 - Mar 2026
Mongolia (%) 46.64 Mar 2026 quarterly Dec 2010 - Mar 2026
Montenegro (%) 50.62 Dec 2025 quarterly Mar 2007 - Dec 2025
Morocco (%) 50.84 Mar 2026 quarterly Dec 2007 - Mar 2026
Mozambique (%) 16.84 2024 yearly 2001 - 2024
Myanmar (%) 28.98 2020 yearly 1960 - 2020
Nepal (%) 74.44 2024 yearly 2003 - 2024
Netherlands (%) 83.72 Mar 2026 quarterly Dec 1995 - Mar 2026
New Zealand (%) 136.85 Dec 2025 quarterly Mar 1988 - Dec 2025
Nigeria (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 119.15 Mar 2026 quarterly Mar 1996 - Mar 2026
Oman (%) 55.84 Mar 2026 quarterly Dec 2005 - Mar 2026
Pakistan (%) 8.89 2025 yearly 2005 - 2025
Palestinian Territory (%) 51.40 Mar 2026 quarterly Dec 2013 - Mar 2026
Panama (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Paraguay (%) 40.85 Sep 2023 quarterly Dec 1994 - Sep 2023
Peru (%) 30.92 Mar 2026 quarterly Mar 1992 - Mar 2026
Philippines (%) 52.25 Mar 2026 quarterly Dec 2001 - Mar 2026
Poland (%) 33.13 Mar 2026 quarterly Dec 2009 - Mar 2026
Portugal (%) 71.97 Mar 2026 quarterly Dec 1995 - Mar 2026
Qatar (%) 119.88 Dec 2025 quarterly Dec 2011 - Dec 2025
Romania (%) 21.99 Mar 2026 quarterly Mar 2007 - Mar 2026
Russia (%) 55.59 Dec 2023 quarterly Sep 2002 - Dec 2023
Saudi Arabia (%) 65.35 Mar 2026 quarterly Dec 2003 - Mar 2026
Serbia (%) 35.36 Dec 2025 quarterly Mar 2004 - Dec 2025
Singapore (%) 127.25 Mar 2026 quarterly Mar 2004 - Mar 2026
Slovakia (%) 60.33 Mar 2026 quarterly Mar 2009 - Mar 2026
Slovenia (%) 36.04 Dec 2025 quarterly Dec 2004 - Dec 2025
South Africa (%) 68.23 Mar 2026 quarterly Mar 1965 - Mar 2026
Spain (%) 69.82 Mar 2026 quarterly Mar 2003 - Mar 2026
Sri Lanka (%) 25.87 Dec 2024 quarterly Dec 2010 - Dec 2024
Sudan (%) 5.64 2022 yearly 1960 - 2022
Sweden (%) 122.41 Mar 2026 quarterly Dec 1991 - Mar 2026
Switzerland (%) 162.30 Mar 2026 quarterly Dec 1996 - Mar 2026

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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) 446.235 May 2026 monthly Jan 1995 - May 2026
Tax Revenue: % of GDP (%) 6.9 Mar 2026 quarterly Mar 2007 - Mar 2026
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: Tax (PAB th) 446,234.956 May 2026 monthly Jan 1995 - May 2026
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 216,833.914 May 2026 monthly Jan 1995 - May 2026
Central Government Revenue: Current Revenue (PAB th) 579,053.501 May 2026 monthly Jan 1995 - May 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,350.7 May 2026 monthly Jan 1964 - May 2026
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 11.0 May 2026 monthly Jan 2001 - May 2026
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 323,272.727 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 17,017.382 2025 yearly 1995 - 2025
Total Imports (USD mn) 1,442.8 May 2026 monthly Jan 2000 - May 2026
Total Imports Growth (%) 24.7 May 2026 monthly Jan 2001 - May 2026
Imports: Medicament (USD th) 1,218,666.412 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 319,206.805 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 20.745 Mar 2026 monthly Jan 1970 - Mar 2026
Total Imports from USA (USD mn) 243.665 Mar 2026 monthly Jan 1967 - Mar 2026
Total Exports to China (USD mn) 1,311.685 2023 yearly 1999 - 2023
Total Imports from China (USD mn) 190.278 Mar 2026 monthly Mar 1989 - Mar 2026
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) 10,596.844 May 2026 monthly Jan 2000 - May 2026
Exports: FOB: Banana (PAB th) 10,901.687 May 2026 monthly Jan 2000 - May 2026
Exports: FOB: Seafood Products (PAB th) 5,933.478 May 2026 monthly Jan 2002 - May 2026
Exports: FOB (PAB th) 92,138.748 May 2026 monthly Jan 2000 - May 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) 116.200 2024 yearly 2005 - 2024
Import Value Index (2015=100) 118.600 2024 yearly 2005 - 2024
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) 1,289.6 Mar 2026 quarterly Mar 1998 - Mar 2026
Current Account Balance: % of GDP (%) 5.3 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Direct Investment (USD mn) 213.3 Mar 2026 quarterly Mar 1998 - Mar 2026
Foreign Direct Investment: % of GDP (%) 0.9 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Portfolio Investment (USD mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) -3.4 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2026 quarterly Mar 2013 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
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) -80,772.587 Mar 2026 quarterly Mar 2002 - Mar 2026
BoP: Net Errors and Omissions (PAB mn) -3,725.983 Mar 2026 quarterly Mar 2013 - Mar 2026
Balance of Payment (BoP): Current Account (CA) (PAB mn) 1,289.579 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods (PAB mn) -2,346.809 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods: Credit (PAB mn) 4,691.336 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Goods: Debit (PAB mn) -7,038.145 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services (PAB mn) 4,646.733 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services: Debit (PAB mn) -1,351.805 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income (PAB mn) -1,006.464 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income: Credit (PAB mn) 1,072.184 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Income: Debit (PAB mn) -2,078.648 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: CA: Services: Credit (PAB mn) 5,998.538 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Capital Account: Credit (PAB mn) 1.600 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Capital Account (PAB mn) 1.600 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Financing: Reserve Assets (PAB mn) 1,614.738 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: Financial Account (FA) (PAB mn) 820.065 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -827.293 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Direct Investment (PAB mn) -12.889 Mar 2026 quarterly Mar 2013 - Mar 2026
BoP: FA: Portfolio Investment: Assets (PAB mn) 909.219 Mar 2026 quarterly Mar 2013 - Mar 2026
International Investment Position (IIP) (USD mn) -80,772.587 Mar 2026 quarterly Mar 2015 - Mar 2026
IIP: Assets (USD mn) 118,737.905 Mar 2026 quarterly Mar 2015 - Mar 2026
IIP: Liabilities (USD mn) 199,510.492 Mar 2026 quarterly Mar 2015 - Mar 2026
Foreign Direct Investment (FDI) (PAB mn) 803.813 Dec 2025 quarterly Mar 2013 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 May 2026 monthly Dec 2008 - May 2026
Household Debt: % of GDP (%) 37.4 Mar 2026 quarterly Dec 2007 - Mar 2026
Non-Performing Loans (USD mn) 1,528.553 May 2026 monthly Dec 2008 - May 2026
Money Supply M1 (USD mn) 9,470.440 Apr 2026 monthly Dec 2002 - Apr 2026
Money Supply M2 (USD mn) 46,864.940 Apr 2026 monthly Dec 2002 - Apr 2026
M2 Growth (%) 6.0 Apr 2026 monthly Dec 2003 - Apr 2026
Foreign Exchange Reserves (USD mn) 5,346.1 May 2026 monthly Oct 1969 - May 2026
Foreign Exchange Reserves: % of GDP (%) 6.239 Dec 2025 quarterly Dec 2007 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 3.7 May 2026 monthly Jan 2000 - May 2026
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 120,742.505 Apr 2026 monthly Dec 1998 - Apr 2026
Total Deposits Growth (%) 7.3 Apr 2026 monthly Dec 1999 - Apr 2026
Domestic Credit (USD mn) 64,768.7 May 2026 monthly Dec 2001 - May 2026
Domestic Credit Growth (%) 0.2 May 2026 monthly Dec 2002 - May 2026
Household Debt (USD mn) 34,476.6 May 2026 monthly Oct 2005 - May 2026
Total Loans (USD mn) 104,817.978 Apr 2026 monthly Dec 1998 - Apr 2026
Total Loans Growth (%) 4.57 Apr 2026 monthly Dec 1999 - Apr 2026
Private Debt: % of Nominal GDP (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Money Supply: M3 (PAB mn) 46,864.940 Apr 2026 monthly Dec 2002 - Apr 2026
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,537.256 May 2026 monthly Dec 2002 - May 2026

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