Heavily indebted poor countries (HIPC) vs Panama: External balance on goods and services

Heavily indebted poor countries (HIPC)
-5.9%
in 2025
Panama
5.0%
in 2024
Heavily indebted poor countries (HIPC) rank
38th
Panama rank
40th

External balance on goods and services over time

  • Heavily indebted poor countries (HIPC)
  • Panama
-15-10-505196019922025

How they compare

Panama currently reports 5.0% against -5.9% in Heavily indebted poor countries (HIPC), a difference of 10.9%.

The two have swapped places 2 times across 39 shared years of data; in 1986 it was Panama ahead.

Heavily indebted poor countries (HIPC) ranks 38th and Panama ranks 40th of 44 groups.

Panama has averaged higher in every one of the 5 decades both report.

Head to head by decade

Decade Heavily indebted poor countries (HIPC) Panama Difference Ahead
1980s -7.1% -2.5% 4.6% Panama
1990s -8.1% -7.1% 1.0% Panama
2000s -8.7% -2.0% 6.7% Panama
2010s -9.7% -2.7% 7.1% Panama
2020s -7.7% 3.5% 11.2% Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services, Heavily indebted poor countries (HIPC) or Panama?
Panama, at 5.0% against -5.9% in Heavily indebted poor countries (HIPC) as of 2024.
What is the difference in external balance on goods and services between Heavily indebted poor countries (HIPC) and Panama?
10.9%, with Panama ahead.
How many years of comparable data are there for Heavily indebted poor countries (HIPC) and Panama?
39 years are reported by both, from 1986 to 2024.
How do Heavily indebted poor countries (HIPC) and Panama rank globally for external balance on goods and services?
Heavily indebted poor countries (HIPC) ranks 38th and Panama ranks 40th of 44 groups.
Where does this data come from?
Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Heavily indebted poor countries (HIPC) vs Panama: External balance on goods and services. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 15 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-percent-of-gdp/heavily-indebted-poor-countries-hipc/panama/

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About this data

Indicator
External balance on goods and services (% of GDP)
Unit
% of GDP
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
237 places, 11,345 data points, 1960–2025
Last refreshed

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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.