Korea vs Panama: External balance on goods and services
Korea
5.2%
in 2025
Panama
5.0%
in 2024
Korea rank
39th
Panama rank
40th
External balance on goods and services 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 193 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, 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 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?
- Korea ranks 39th and Panama ranks 40th of 193 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 (% of GDP). 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 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.