Panama vs Venezuela: External balance on goods and services
External balance on goods and services over time
- Panama
- Venezuela
How they compare
Venezuela currently reports 4.78 billion current US$ against 4.36 billion current US$ in Panama, a difference of 416.10 million current US$.
That makes Venezuela's figure about 1.1 times Panama's.
The two have swapped places 16 times across 65 shared years of data; in 1960 it was Venezuela ahead.
Panama ranks 48th and Venezuela ranks 45th of 192 countries.
Venezuela has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Panama | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -31.82 million current US$ | 986.21 million current US$ | 1.02 billion current US$ | Venezuela |
| 1970s | -229.34 million current US$ | 487.48 million current US$ | 716.82 million current US$ | Venezuela |
| 1980s | -198.12 million current US$ | 2.14 billion current US$ | 2.33 billion current US$ | Venezuela |
| 1990s | -608.55 million current US$ | 906.20 million current US$ | 1.51 billion current US$ | Venezuela |
| 2000s | -396.50 million current US$ | 0 current US$ | 396.50 million current US$ | Venezuela |
| 2010s | -1.21 billion current US$ | 21.06 billion current US$ | 22.27 billion current US$ | Venezuela |
| 2020s | 2.61 billion current US$ | 4.40 billion current US$ | 1.80 billion current US$ | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Panama or Venezuela?
- Venezuela, at 4.78 billion current US$ against 4.36 billion current US$ in Panama as of 2025.
- What is the difference in external balance on goods and services between Panama and Venezuela?
- 416.10 million current US$, with Venezuela ahead.
- How many years of comparable data are there for Panama and Venezuela?
- 65 years are reported by both, from 1960 to 2024.
- How do Panama and Venezuela rank globally for external balance on goods and services?
- Panama ranks 48th and Venezuela ranks 45th of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.