Panama Total Trade of Goods & Services: % of Nominal GDP

1960 - 2021 | Yearly | % | CEIC Data

Key information about Panama Total Trade of Goods and Services: % of Nominal GDP

  • Panama Total Trade of Goods & Services: % of Nominal GDP recorded 78.763 % in Dec 2021, compared with 67.413 % in the previous year.
  • Panama Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 1960 to Dec 2021, with an averaged value of 120.442 %.
  • The data reached an all-time high of 166.699 % in Dec 2008 and a record low of 67.413 % in Dec 2020.

CEIC calculates annual Total Trade of Goods and Services as % of Nominal GDP from annual Total Trade of Goods and Services and annual Nominal GDP. The National Institute of Statistics and Census provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 2008. Total Trade of Goods and Services as % of Nominal GDP prior to 2018 is calculated from Nominal GDP Nominal GDP prior to 2018 based on previous benchmark year. Prior to 2007, it is calculated from Nominal GDP and Total Trade of Goods and Services both sourced from the World Bank.

View Panama's Total Trade of Goods & Services: % of Nominal GDP from 1960 to 2021 in the chart:

Panama Total Trade of Goods & Services: % of Nominal GDP

What was Panama's Total Trade of Goods & Services: % of Nominal GDP in 2021?

Panama Total Trade of Goods & Services: % of Nominal GDP recorded 78.763 % in Dec 2021, compared with 67.413 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
78.763 2021 67.413 2020 67.413 2020 166.699 2008 % yearly 1960 - 2021

Total Trade of Goods & Services: % of Nominal GDP by Country Comparison

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Includes Total Trade of Goods & Services: % of Nominal GDP on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 78.429 Jun 2023 quarterly Mar 2008 - Jun 2023
Algeria (%) 66.753 2022 yearly 1950 - 2022
Argentina (%) 28.695 Sep 2023 quarterly Mar 1993 - Sep 2023
Armenia (%) 123.511 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 46.695 Jun 2023 quarterly Sep 1959 - Jun 2023
Austria (%) 114.564 Dec 2023 quarterly Mar 1964 - Dec 2023
Azerbaijan (%) 82.049 Sep 2023 quarterly Mar 2001 - Sep 2023
Bahrain (%) 159.813 2021 yearly 1975 - 2021
Bangladesh (%) 33.780 2022 yearly 1960 - 2022
Belarus (%) 126.989 Sep 2023 quarterly Mar 1995 - Sep 2023
Belgium (%) 166.861 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 59.738 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 95.063 Sep 2023 quarterly Mar 2008 - Sep 2023
Botswana (%) 69.228 Sep 2023 quarterly Mar 1994 - Sep 2023
Brazil (%) 32.419 Dec 2023 quarterly Mar 1996 - Dec 2023
Brunei (%) 146.934 Sep 2023 quarterly Mar 2004 - Sep 2023
Bulgaria (%) 105.648 Dec 2023 quarterly Mar 1995 - Dec 2023
Cambodia (%) 123.187 2022 yearly 1988 - 2022
Canada (%) 65.425 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 63.389 Sep 2023 quarterly Mar 1990 - Sep 2023
China (%) 36.608 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (%) 38.463 Dec 2023 quarterly Mar 2005 - Dec 2023
Croatia (%) 101.989 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 180.296 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 139.671 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 127.970 Dec 2023 quarterly Mar 1977 - Dec 2023
Ecuador (%) 60.461 Sep 2023 quarterly Mar 1991 - Sep 2023
Egypt (%) 44.261 Jun 2023 quarterly Sep 2001 - Jun 2023
Estonia (%) 148.098 Dec 2023 quarterly Mar 1995 - Dec 2023
European Union (%) 99.875 Sep 2023 quarterly Mar 1995 - Sep 2023
Finland (%) 78.656 Sep 2023 quarterly Mar 1970 - Sep 2023
France (%) 64.201 Dec 2023 quarterly Mar 1975 - Dec 2023
Georgia (%) 106.296 Jun 2023 quarterly Mar 1996 - Jun 2023
Germany (%) 87.277 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 70.588 2022 yearly 1983 - 2022
Greece (%) 115.331 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (%) 361.708 Dec 2023 quarterly Mar 1973 - Dec 2023
Hungary (%) 133.019 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 84.830 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 45.560 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 42.927 Dec 2023 quarterly Mar 1993 - Dec 2023
Iran (%) 44.699 2020 yearly 1959 - 2020
Ireland (%) 259.702 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 57.174 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 65.527 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) 52.146 2022 yearly 1960 - 2022
Japan (%) 46.242 Dec 2023 quarterly Mar 1955 - Dec 2023
Jordan (%) 88.483 2016 yearly 1967 - 2016
Kazakhstan (%) 78.737 Jun 2023 quarterly Mar 1994 - Jun 2023
Kenya (%) 33.730 2022 yearly 1964 - 2022
South Korea (%) 87.660 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 124.754 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 98.183 2019 yearly 1962 - 2019
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 130.599 Jun 2023 quarterly Mar 1992 - Jun 2023
Lebanon (%) 87.417 2020 yearly 1990 - 2020
Lithuania (%) 147.209 Dec 2023 quarterly Mar 1995 - Dec 2023
Luxembourg (%) 376.388 Jun 2023 quarterly Mar 1995 - Jun 2023
Macau SAR, China (%) 138.032 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 165.136 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) 46.339 2019 yearly 1960 - 2019
Malaysia (%) 134.009 Dec 2023 quarterly Mar 1991 - Dec 2023
Malta (%) 309.983 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 112.645 Sep 2023 quarterly Mar 1999 - Sep 2023
Mexico (%) 71.793 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 89.913 Sep 2023 quarterly Mar 1995 - Sep 2023
Mongolia (%) 117.628 Dec 2023 quarterly Mar 2005 - Dec 2023
Montenegro (%) 122.328 Sep 2023 quarterly Mar 2010 - Sep 2023
Morocco (%) 98.567 Jun 2023 quarterly Mar 2007 - Jun 2023
Mozambique (%) 135.560 2022 yearly 1991 - 2022
Myanmar (%) 49.145 2019 yearly 2019 - 2019
Nepal (%) 43.659 2023 yearly 1969 - 2023
Netherlands (%) 154.720 Dec 2023 quarterly Mar 1987 - Dec 2023
New Zealand (%) 50.658 Sep 2023 quarterly Jun 1987 - Sep 2023
Nigeria (%) 29.308 Jun 2023 quarterly Mar 2010 - Jun 2023
Norway (%) 77.979 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 95.667 2021 yearly 1980 - 2021
Pakistan (%) 27.749 2023 yearly 2000 - 2023
Palestinian Territory (%) 88.693 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (%) 78.763 2021 yearly 1960 - 2021
Paraguay (%) 91.235 Sep 2023 quarterly Mar 1994 - Sep 2023
Peru (%) 50.841 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 57.800 Dec 2023 quarterly Mar 1981 - Dec 2023
Poland (%) 100.250 Dec 2023 quarterly Mar 2002 - Dec 2023
Portugal (%) 89.724 Dec 2023 quarterly Mar 1977 - Dec 2023
Qatar (%) 90.505 Jun 2023 quarterly Mar 2013 - Jun 2023
Romania (%) 76.055 Sep 2023 quarterly Mar 1995 - Sep 2023
Russia (%) 45.600 Sep 2023 quarterly Mar 1995 - Sep 2023
Saudi Arabia (%) 63.988 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 130.843 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 308.847 Dec 2023 quarterly Mar 1975 - Dec 2023
Slovakia (%) 184.397 Jun 2023 quarterly Mar 1990 - Jun 2023
Slovenia (%) 150.660 Sep 2023 quarterly Mar 1995 - Sep 2023
South Africa (%) 66.081 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 70.619 Dec 2023 quarterly Mar 1980 - Dec 2023
Sri Lanka (%) 42.512 Sep 2023 quarterly Mar 2010 - Sep 2023
Sudan (%) 41.299 2019 yearly 1996 - 2019
Sweden (%) 104.471 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 135.134 Dec 2023 quarterly Mar 1980 - Dec 2023

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Panama Key Series

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Includes 164 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 (%) -4.0 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 762.604 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 46,894.6 Jan 2024 monthly Jul 2004 - Jan 2024
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 553,673.642 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue: Tax (PAB th) 762,604.057 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue (PAB th) 3,105,099.378 Dec 2023 monthly Jan 1995 - Dec 2023
Public Debt: Domestic (USD mn) 7,004.936 Jan 2024 monthly Jul 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -79.6 Dec 2023 monthly Jan 2001 - Dec 2023
Aluminum: Exports (USD th) 1,490.770 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) 1,171.0 Dec 2023 monthly Jan 2000 - Dec 2023
Total Imports Growth (%) -6.6 Dec 2023 monthly Jan 2001 - Dec 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) 14.124 Nov 2023 monthly Jan 1970 - Nov 2023
Total Imports from USA (USD mn) 179.004 Nov 2023 monthly Jan 1967 - Nov 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 149.250 Nov 2023 monthly Mar 1989 - Nov 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
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 39,889.6 Jan 2024 monthly Jul 2004 - Jan 2024
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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 5,420.6 Jan 2024 monthly Oct 1969 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Sep 1969 - Jan 2024
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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