Current account balance in Panama
Panama: Current account balance was -169.05 million BoP, current US$ in 2025. ◆ Volatile
Current account balance in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Panama recorded -169.05 million BoP, current US$ for current account balance in 2025.
The figure is down 129.8% on the previous year and up 96.5% over ten years.
Over the whole period, current account balance in Panama peaked at 721.40 million BoP, current US$ in 1988 and was at its lowest, -6.68 billion BoP, current US$, in 2014.
Panama ranks 98th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -155.40 million BoP, current US$ | — |
| 1978 | -207.70 million BoP, current US$ | +33.7% |
| 1979 | -311.00 million BoP, current US$ | +49.7% |
| 1980 | -328.70 million BoP, current US$ | +5.7% |
| 1981 | -535.00 million BoP, current US$ | +62.8% |
| 1982 | -194.10 million BoP, current US$ | -63.7% |
| 1983 | 198.70 million BoP, current US$ | -202.4% |
| 1984 | -202.30 million BoP, current US$ | -201.8% |
| 1985 | 75.10 million BoP, current US$ | -137.1% |
| 1986 | -98.90 million BoP, current US$ | -231.7% |
| 1987 | 544.90 million BoP, current US$ | -651.0% |
| 1988 | 721.40 million BoP, current US$ | +32.4% |
| 1989 | 111.50 million BoP, current US$ | -84.5% |
| 1990 | 209.10 million BoP, current US$ | +87.5% |
| 1991 | -241.10 million BoP, current US$ | -215.3% |
| 1992 | -264.20 million BoP, current US$ | +9.6% |
| 1993 | -95.70 million BoP, current US$ | -63.8% |
| 1994 | 15.90 million BoP, current US$ | -116.6% |
| 1995 | -470.60 million BoP, current US$ | -3059.7% |
| 1996 | -200.60 million BoP, current US$ | -57.4% |
| 1997 | -506.70 million BoP, current US$ | +152.6% |
| 1998 | -1.00 billion BoP, current US$ | +98.0% |
| 1999 | -1.16 billion BoP, current US$ | +15.9% |
| 2000 | -698.90 million BoP, current US$ | -39.9% |
| 2001 | -191.00 million BoP, current US$ | -72.7% |
| 2002 | -113.10 million BoP, current US$ | -40.8% |
| 2003 | -575.20 million BoP, current US$ | +408.6% |
| 2004 | -1.05 billion BoP, current US$ | +81.7% |
| 2005 | -1.06 billion BoP, current US$ | +1.8% |
| 2006 | -462.80 million BoP, current US$ | -56.5% |
| 2007 | -1.18 billion BoP, current US$ | +154.9% |
| 2008 | -2.29 billion BoP, current US$ | +93.9% |
| 2009 | -212.30 million BoP, current US$ | -90.7% |
| 2010 | -3.12 billion BoP, current US$ | +1370.3% |
| 2011 | -4.52 billion BoP, current US$ | +44.7% |
| 2012 | -3.74 billion BoP, current US$ | -17.3% |
| 2013 | -4.08 billion BoP, current US$ | +9.3% |
| 2014 | -6.68 billion BoP, current US$ | +63.5% |
| 2015 | -4.85 billion BoP, current US$ | -27.4% |
| 2016 | -4.51 billion BoP, current US$ | -7.0% |
| 2017 | -3.75 billion BoP, current US$ | -16.9% |
| 2018 | -5.31 billion BoP, current US$ | +41.7% |
| 2019 | -3.59 billion BoP, current US$ | -32.4% |
| 2020 | 122.86 million BoP, current US$ | -103.4% |
| 2021 | -818.19 million BoP, current US$ | -766.0% |
| 2022 | -276.70 million BoP, current US$ | -66.2% |
| 2023 | -2.68 billion BoP, current US$ | +867.4% |
| 2024 | 568.13 million BoP, current US$ | -121.2% |
| 2025 | -169.05 million BoP, current US$ | -129.8% |
Panama compared with similar countries
- Panama's -169.05 million BoP, current US$ is below the median for high income countries, which is 303.23 million BoP, current US$. (72 countries reporting)
- Panama's -169.05 million BoP, current US$ is above the median for Latin America & Caribbean, which is -281.35 million BoP, current US$, 60% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | -3059.7% | 15.90 million BoP, current US$ | -470.60 million BoP, current US$ |
| 2010 | -1370.3% | -212.30 million BoP, current US$ | -3.12 billion BoP, current US$ |
| 2023 | -867.4% | -276.70 million BoP, current US$ | -2.68 billion BoP, current US$ |
| 2021 | -766.0% | 122.86 million BoP, current US$ | -818.19 million BoP, current US$ |
| 1987 | +651.0% | -98.90 million BoP, current US$ | 544.90 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -224.70 million BoP, current US$ | -311.00 million BoP, current US$ | -155.40 million BoP, current US$ | 3 |
| 1980s | 29.26 million BoP, current US$ | -535.00 million BoP, current US$ | 721.40 million BoP, current US$ | 10 |
| 1990s | -372.03 million BoP, current US$ | -1.16 billion BoP, current US$ | 209.10 million BoP, current US$ | 10 |
| 2000s | -782.96 million BoP, current US$ | -2.29 billion BoP, current US$ | -113.10 million BoP, current US$ | 10 |
| 2010s | -4.41 billion BoP, current US$ | -6.68 billion BoP, current US$ | -3.12 billion BoP, current US$ | 10 |
| 2020s | -541.62 million BoP, current US$ | -2.68 billion BoP, current US$ | 568.13 million BoP, current US$ | 6 |
Countries ranked near Panama
- 95 Saint Kitts and Nevis -162.32 million BoP, current US$ compare
- 96 Saint Lucia -166.18 million BoP, current US$ compare
- 97 Seychelles -166.20 million BoP, current US$ compare
- 99 Saint Vincent and the Grenadines -201.72 million BoP, current US$ compare
- 100 Bangladesh -239.44 million BoP, current US$ compare
- 101 Dominica -274.97 million BoP, current US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Panama?
- Current account balance in Panama was -169.05 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Panama?
- The highest recorded value was 721.40 million BoP, current US$ in 1988.
- What is the lowest current account balance recorded in Panama?
- The lowest recorded value was -6.68 billion BoP, current US$ in 2014.
- How does Panama rank for current account balance?
- Panama ranks 98th out of 200 countries with data for 2025.
- Is current account balance rising or falling in Panama?
- Over the last ten years it is up 96.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.