Panama vs Venezuela, Bolivarian Republic of: External balance on goods and services
External balance on goods and services 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 193 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, 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 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?
- Panama ranks 40th and Venezuela, Bolivarian Republic of ranks 43rd 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.