Panama vs Venezuela, Bolivarian Republic of: External balance on goods and services as a percent of GDP
Panama
5.0%
in 2024
Venezuela, Bolivarian Republic of
4.8%
in 2025
Panama rank
40th
Venezuela, Bolivarian Republic of rank
43rd
External balance on goods and services as a percent of GDP over time
- Panama
- Venezuela, Bolivarian Republic of
How they compare
Panama currently reports 5.0% against 4.8% in Venezuela, Bolivarian Republic of, a difference of 0.2%.
That makes Panama's figure about 1.1 times Venezuela, Bolivarian Republic of's.
The two have swapped places 12 times across 65 shared years of data; in 1960 it was Venezuela, Bolivarian Republic of ahead.
Panama ranks 40th and Venezuela, Bolivarian Republic of ranks 43rd of 191 countries.
Venezuela, Bolivarian Republic of has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Panama | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -4.3% | 11.3% | 15.6% | Venezuela, Bolivarian Republic of |
| 1970s | -9.3% | 3.7% | 13.0% | Venezuela, Bolivarian Republic of |
| 1980s | -3.5% | 3.7% | 7.2% | Venezuela, Bolivarian Republic of |
| 1990s | -7.1% | 1.9% | 8.9% | Venezuela, Bolivarian Republic of |
| 2000s | -2.0% | 0.0% | 2.0% | Venezuela, Bolivarian Republic of |
| 2010s | -2.7% | 16.2% | 18.9% | Venezuela, Bolivarian Republic of |
| 2020s | 3.5% | 4.3% | 0.8% | Venezuela, Bolivarian Republic of |
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, Panama or Venezuela, Bolivarian Republic of?
- Panama, at 5.0% against 4.8% in Venezuela, Bolivarian Republic of as of 2024.
- What is the difference in external balance on goods and services as a percent of gdp between Panama and Venezuela, Bolivarian Republic of?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Panama and Venezuela, Bolivarian Republic of?
- 65 years are reported by both, from 1960 to 2024.
- How do Panama and Venezuela, Bolivarian Republic of rank globally for external balance on goods and services as a percent of gdp?
- Panama ranks 40th and Venezuela, Bolivarian Republic of ranks 43rd 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.