External balance on goods and services (current LCU) in Panama
Panama: External balance on goods and services (current LCU) was 4.36 billion current LCU in 2024. ◆ Volatile
Latest (2024)
4.36 billion current LCU
Change on year
up 78.9%
World rank
58th
of 193 countries
All-time high
4.36 billion current LCU
in 2024
All-time low
-2.67 billion current LCU
in 2014
Years of data
65
1960–2024
External balance on goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Panama recorded 4.36 billion current LCU for external balance on goods and services in 2024. That is the highest value across all 65 years on record.
That represents a change of up 78.9% on the previous year and up 263.4% over ten years.
Over the whole period, external balance on goods and services in Panama peaked at 4.36 billion current LCU in 2024 and was at its lowest, -2.67 billion current LCU, in 2014.
Panama ranks 58th of 193 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.
External balance on goods and services (current LCU) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | -46.15 million current LCU | — |
| 1961 | -38.83 million current LCU | -15.9% |
| 1962 | -26.01 million current LCU | -33.0% |
| 1963 | -53.72 million current LCU | +106.5% |
| 1964 | -34.69 million current LCU | -35.4% |
| 1965 | -32.35 million current LCU | -6.7% |
| 1966 | -42.12 million current LCU | +30.2% |
| 1967 | -20.89 million current LCU | -50.4% |
| 1968 | 6.75 million current LCU | -132.3% |
| 1969 | -30.19 million current LCU | -547.2% |
| 1970 | -78.33 million current LCU | +159.5% |
| 1971 | -97.53 million current LCU | +24.5% |
| 1972 | -135.93 million current LCU | +39.4% |
| 1973 | -126.80 million current LCU | -6.7% |
| 1974 | -327.42 million current LCU | +158.2% |
| 1975 | -288.39 million current LCU | -11.9% |
| 1976 | -294.31 million current LCU | +2.1% |
| 1977 | -175.33 million current LCU | -40.4% |
| 1978 | -252.02 million current LCU | +43.7% |
| 1979 | -517.32 million current LCU | +105.3% |
| 1980 | -343.26 million current LCU | -33.6% |
| 1981 | -477.57 million current LCU | +39.1% |
| 1982 | -182.65 million current LCU | -61.8% |
| 1983 | 67.53 million current LCU | -137.0% |
| 1984 | -177.02 million current LCU | -362.1% |
| 1985 | -207.70 million current LCU | +17.3% |
| 1986 | -211.37 million current LCU | +1.8% |
| 1987 | -263.78 million current LCU | +24.8% |
| 1988 | 115.28 million current LCU | -143.7% |
| 1989 | -300.68 million current LCU | -360.8% |
| 1990 | -437.96 million current LCU | +45.7% |
| 1991 | -816.56 million current LCU | +86.4% |
| 1992 | -978.41 million current LCU | +19.8% |
| 1993 | -1.02 billion current LCU | +3.8% |
| 1994 | -1.08 billion current LCU | +6.3% |
| 1995 | -1.26 billion current LCU | +17.2% |
| 1996 | 115.34 million current LCU | -109.1% |
| 1997 | 314.50 million current LCU | +172.7% |
| 1998 | -457.79 million current LCU | -245.6% |
| 1999 | -465.03 million current LCU | +1.6% |
| 2000 | -152.90 million current LCU | -67.1% |
| 2001 | 222.49 million current LCU | -245.5% |
| 2002 | -46.90 million current LCU | -121.1% |
| 2003 | -136.08 million current LCU | +190.2% |
| 2004 | -544.83 million current LCU | +300.4% |
| 2005 | -455.49 million current LCU | -16.4% |
| 2006 | -575.49 million current LCU | +26.3% |
| 2007 | -1.02 billion current LCU | +77.6% |
| 2008 | -2.05 billion current LCU | +101.0% |
| 2009 | 801.39 million current LCU | -139.0% |
| 2010 | -1.63 billion current LCU | -303.6% |
| 2011 | -969.65 million current LCU | -40.6% |
| 2012 | -1.71 billion current LCU | +76.7% |
| 2013 | -1.85 billion current LCU | +8.2% |
| 2014 | -2.67 billion current LCU | +44.0% |
| 2015 | -1.01 billion current LCU | -62.3% |
| 2016 | -546.49 million current LCU | -45.7% |
| 2017 | -711.15 million current LCU | +30.1% |
| 2018 | -967.17 million current LCU | +36.0% |
| 2019 | -210,400 current LCU | -100.0% |
| 2020 | 2.19 billion current LCU | -1040889.0% |
| 2021 | 2.08 billion current LCU | -5.2% |
| 2022 | 1.97 billion current LCU | -5.0% |
| 2023 | 2.44 billion current LCU | +23.7% |
| 2024 | 4.36 billion current LCU | +78.9% |
Panama compared with similar countries
- Panama's 4.36 billion current LCU is above the median for high income countries, which is 3.18 billion current LCU, 1.4× the median. (72 countries reporting)
- Panama's 4.36 billion current LCU is above the median for Latin America & Caribbean, which is -509.00 million current LCU. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU) 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 |
|---|---|---|---|
| 2020 | +1040889.0% | -210,400 current LCU | 2.19 billion current LCU |
| 1969 | -547.2% | 6.75 million current LCU | -30.19 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -31.82 million current LCU | -53.72 million current LCU | 6.75 million current LCU | 10 |
| 1970s | -229.34 million current LCU | -517.32 million current LCU | -78.33 million current LCU | 10 |
| 1980s | -198.12 million current LCU | -477.57 million current LCU | 115.28 million current LCU | 10 |
| 1990s | -608.55 million current LCU | -1.26 billion current LCU | 314.50 million current LCU | 10 |
| 2000s | -396.50 million current LCU | -2.05 billion current LCU | 801.39 million current LCU | 10 |
| 2010s | -1.21 billion current LCU | -2.67 billion current LCU | -210,400 current LCU | 10 |
| 2020s | 2.61 billion current LCU | 1.97 billion current LCU | 4.36 billion current LCU | 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Panama?
- External balance on goods and services in Panama was 4.36 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Panama?
- The highest recorded value was 4.36 billion current LCU in 2024.
- What is the lowest external balance on goods and services recorded in Panama?
- The lowest recorded value was -2.67 billion current LCU in 2014.
- How does Panama rank for external balance on goods and services?
- Panama ranks 58th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Panama?
- Over the last ten years it is up 263.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.