External balance on goods and services in Panama
Panama: External balance on goods and services was 4.36 billion current US$ in 2024. ◆ Volatile
Latest (2024)
4.36 billion current US$
Change on year
up 78.9%
World rank
48th
of 193 countries
All-time high
4.36 billion current US$
in 2024
All-time low
-2.67 billion current US$
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 US$.
Analysis
The most recent figure for external balance on goods and services in Panama is 4.36 billion current US$, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is 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 US$ in 2024 and was at its lowest, -2.67 billion current US$, in 2014.
That places Panama 48th out of 193 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | -46.15 million current US$ | — |
| 1961 | -38.83 million current US$ | -15.9% |
| 1962 | -26.01 million current US$ | -33.0% |
| 1963 | -53.72 million current US$ | +106.5% |
| 1964 | -34.69 million current US$ | -35.4% |
| 1965 | -32.35 million current US$ | -6.7% |
| 1966 | -42.12 million current US$ | +30.2% |
| 1967 | -20.89 million current US$ | -50.4% |
| 1968 | 6.75 million current US$ | -132.3% |
| 1969 | -30.19 million current US$ | -547.2% |
| 1970 | -78.33 million current US$ | +159.5% |
| 1971 | -97.53 million current US$ | +24.5% |
| 1972 | -135.93 million current US$ | +39.4% |
| 1973 | -126.80 million current US$ | -6.7% |
| 1974 | -327.42 million current US$ | +158.2% |
| 1975 | -288.39 million current US$ | -11.9% |
| 1976 | -294.31 million current US$ | +2.1% |
| 1977 | -175.33 million current US$ | -40.4% |
| 1978 | -252.02 million current US$ | +43.7% |
| 1979 | -517.32 million current US$ | +105.3% |
| 1980 | -343.26 million current US$ | -33.6% |
| 1981 | -477.57 million current US$ | +39.1% |
| 1982 | -182.65 million current US$ | -61.8% |
| 1983 | 67.53 million current US$ | -137.0% |
| 1984 | -177.02 million current US$ | -362.1% |
| 1985 | -207.70 million current US$ | +17.3% |
| 1986 | -211.37 million current US$ | +1.8% |
| 1987 | -263.78 million current US$ | +24.8% |
| 1988 | 115.28 million current US$ | -143.7% |
| 1989 | -300.68 million current US$ | -360.8% |
| 1990 | -437.96 million current US$ | +45.7% |
| 1991 | -816.56 million current US$ | +86.4% |
| 1992 | -978.41 million current US$ | +19.8% |
| 1993 | -1.02 billion current US$ | +3.8% |
| 1994 | -1.08 billion current US$ | +6.3% |
| 1995 | -1.26 billion current US$ | +17.2% |
| 1996 | 115.34 million current US$ | -109.1% |
| 1997 | 314.50 million current US$ | +172.7% |
| 1998 | -457.79 million current US$ | -245.6% |
| 1999 | -465.03 million current US$ | +1.6% |
| 2000 | -152.90 million current US$ | -67.1% |
| 2001 | 222.49 million current US$ | -245.5% |
| 2002 | -46.90 million current US$ | -121.1% |
| 2003 | -136.08 million current US$ | +190.2% |
| 2004 | -544.83 million current US$ | +300.4% |
| 2005 | -455.49 million current US$ | -16.4% |
| 2006 | -575.49 million current US$ | +26.3% |
| 2007 | -1.02 billion current US$ | +77.6% |
| 2008 | -2.05 billion current US$ | +101.0% |
| 2009 | 801.39 million current US$ | -139.0% |
| 2010 | -1.63 billion current US$ | -303.6% |
| 2011 | -969.65 million current US$ | -40.6% |
| 2012 | -1.71 billion current US$ | +76.7% |
| 2013 | -1.85 billion current US$ | +8.2% |
| 2014 | -2.67 billion current US$ | +44.0% |
| 2015 | -1.01 billion current US$ | -62.3% |
| 2016 | -546.49 million current US$ | -45.7% |
| 2017 | -711.15 million current US$ | +30.1% |
| 2018 | -967.17 million current US$ | +36.0% |
| 2019 | -210,400 current US$ | -100.0% |
| 2020 | 2.19 billion current US$ | -1040889.0% |
| 2021 | 2.08 billion current US$ | -5.2% |
| 2022 | 1.97 billion current US$ | -5.0% |
| 2023 | 2.44 billion current US$ | +23.7% |
| 2024 | 4.36 billion current US$ | +78.9% |
Panama compared with similar countries
- Panama's 4.36 billion current US$ is above the median for high income countries, which is 3.43 billion current US$, 1.3× the median. (72 countries reporting)
- Panama's 4.36 billion current US$ is above the median for Latin America & Caribbean, which is -154.10 million current US$. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +1040889.0% | -210,400 current US$ | 2.19 billion current US$ |
| 1969 | -547.2% | 6.75 million current US$ | -30.19 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -31.82 million current US$ | -53.72 million current US$ | 6.75 million current US$ | 10 |
| 1970s | -229.34 million current US$ | -517.32 million current US$ | -78.33 million current US$ | 10 |
| 1980s | -198.12 million current US$ | -477.57 million current US$ | 115.28 million current US$ | 10 |
| 1990s | -608.55 million current US$ | -1.26 billion current US$ | 314.50 million current US$ | 10 |
| 2000s | -396.50 million current US$ | -2.05 billion current US$ | 801.39 million current US$ | 10 |
| 2010s | -1.21 billion current US$ | -2.67 billion current US$ | -210,400 current US$ | 10 |
| 2020s | 2.61 billion current US$ | 1.97 billion current US$ | 4.36 billion current US$ | 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)
- 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Panama?
- External balance on goods and services in Panama was 4.36 billion current US$ 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 US$ in 2024.
- What is the lowest external balance on goods and services recorded in Panama?
- The lowest recorded value was -2.67 billion current US$ in 2014.
- How does Panama rank for external balance on goods and services?
- Panama ranks 48th 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 US$). 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 indicator is expressed in United States dollars.