Korea vs Panama: External balance on goods and services as a percent of GDP
Korea
5.2%
in 2025
Panama
5.0%
in 2024
Korea rank
39th
Panama rank
40th
External balance on goods and services as a percent of GDP over time
- Korea
- Panama
How they compare
Korea currently reports 5.2% against 5.0% in Panama, a difference of 0.2%.
The two have swapped places 12 times across 65 shared years of data; in 1960 it was Panama ahead.
Korea ranks 39th and Panama ranks 40th of 191 countries.
Across the 7 decades both report, Korea averaged higher in 5 and Panama in 2.
Head to head by decade
| Decade | Korea | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -10.0% | -4.3% | 5.7% | Panama |
| 1970s | -6.5% | -9.3% | 2.9% | Korea |
| 1980s | -0.5% | -3.5% | 2.9% | Korea |
| 1990s | 0.6% | -7.1% | 7.6% | Korea |
| 2000s | 1.6% | -2.0% | 3.6% | Korea |
| 2010s | 3.9% | -2.7% | 6.6% | Korea |
| 2020s | 2.3% | 3.5% | 1.2% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services as a percent of gdp, Korea or Panama?
- Korea, at 5.2% against 5.0% in Panama as of 2025.
- What is the difference in external balance on goods and services as a percent of gdp between Korea and Panama?
- 0.2%, with Korea ahead.
- How many years of comparable data are there for Korea and Panama?
- 65 years are reported by both, from 1960 to 2024.
- How do Korea and Panama rank globally for external balance on goods and services as a percent of gdp?
- Korea ranks 39th and Panama ranks 40th of 191 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.