Current account balance as a proportion of GDP in Panama
Panama: Current account balance as a proportion of GDP was 1.9% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, current account balance as a proportion of gdp in Panama stood at 1.9%. That is the highest value across all 25 years on record.
That represents a change of up 162.8% on the previous year and up 114.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Panama peaked at 1.9% in 2024 and was at its lowest, -13.0%, in 2014.
Panama ranks 58th of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -5.8% | — |
| 2001 | -1.6% | -73.3% |
| 2002 | -0.9% | -43.3% |
| 2003 | -4.2% | +378.6% |
| 2004 | -6.9% | +63.7% |
| 2005 | -6.4% | -7.5% |
| 2006 | -2.5% | -61.3% |
| 2007 | -5.4% | +119.0% |
| 2008 | -8.9% | +63.7% |
| 2009 | -0.8% | -91.4% |
| 2010 | -10.3% | +1251.6% |
| 2011 | -12.7% | +22.6% |
| 2012 | -9.0% | -29.1% |
| 2013 | -8.7% | -3.1% |
| 2014 | -13.0% | +49.3% |
| 2015 | -8.7% | -33.0% |
| 2016 | -7.5% | -13.2% |
| 2017 | -5.8% | -22.8% |
| 2018 | -7.9% | +35.4% |
| 2019 | -5.1% | -34.7% |
| 2020 | 0.2% | -104.2% |
| 2021 | -1.2% | -663.8% |
| 2022 | 0.0% | -103.1% |
| 2023 | -3.1% | -8286.6% |
| 2024 | 1.9% | -162.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.3% | -8.9% | -0.8% | 10 |
| 2010s | -8.9% | -13.0% | -5.1% | 10 |
| 2020s | -0.4% | -3.1% | 1.9% | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate -2.61 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3966 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 7,600 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 78.89 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 78.89 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0262 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 518.14 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Panama?
- Current account balance as a proportion of gdp in Panama was 1.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Panama?
- The highest recorded value was 1.9% in 2024.
- What is the lowest current account balance as a proportion of gdp recorded in Panama?
- The lowest recorded value was -13.0% in 2014.
- How does Panama rank for current account balance as a proportion of gdp?
- Panama ranks 58th out of 177 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Panama?
- Over the last ten years it is up 114.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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