Gross domestic savings in Panama
Panama: Gross domestic savings was 33.38 billion current LCU in 2024. ◆ Volatile
Latest (2024)
33.38 billion current LCU
Change on year
down 1.4%
World rank
113th
of 187 countries
All-time high
33.86 billion current LCU
in 2023
All-time low
107.21 million current LCU
in 1960
Years of data
65
1960–2024
Gross domestic savings in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross domestic savings in Panama stood at 33.38 billion current LCU.
That represents a change of down 1.4% on the previous year and up 69.1% over ten years.
Over the whole period, gross domestic savings in Panama peaked at 33.86 billion current LCU in 2023 and was at its lowest, 107.21 million current LCU, in 1960.
Panama ranks 113th of 187 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.
Gross domestic savings in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 107.21 million current LCU | — |
| 1961 | 142.00 million current LCU | +32.5% |
| 1962 | 167.65 million current LCU | +18.1% |
| 1963 | 171.23 million current LCU | +2.1% |
| 1964 | 179.24 million current LCU | +4.7% |
| 1965 | 204.55 million current LCU | +14.1% |
| 1966 | 254.97 million current LCU | +24.6% |
| 1967 | 291.69 million current LCU | +14.4% |
| 1968 | 343.71 million current LCU | +17.8% |
| 1969 | 368.98 million current LCU | +7.4% |
| 1970 | 415.67 million current LCU | +12.7% |
| 1971 | 498.46 million current LCU | +19.9% |
| 1972 | 551.64 million current LCU | +10.7% |
| 1973 | 679.33 million current LCU | +23.1% |
| 1974 | 668.07 million current LCU | -1.7% |
| 1975 | 728.14 million current LCU | +9.0% |
| 1976 | 799.07 million current LCU | +9.7% |
| 1977 | 731.13 million current LCU | -8.5% |
| 1978 | 922.17 million current LCU | +26.1% |
| 1979 | 961.98 million current LCU | +4.3% |
| 1980 | 1.41 billion current LCU | +46.2% |
| 1981 | 1.44 billion current LCU | +2.4% |
| 1982 | 1.87 billion current LCU | +29.7% |
| 1983 | 1.49 billion current LCU | -20.3% |
| 1984 | 954.36 million current LCU | -35.9% |
| 1985 | 1.03 billion current LCU | +7.9% |
| 1986 | 1.26 billion current LCU | +22.8% |
| 1987 | 1.29 billion current LCU | +2.2% |
| 1988 | 917.44 million current LCU | -29.0% |
| 1989 | 308.97 million current LCU | -66.3% |
| 1990 | 1.06 billion current LCU | +241.6% |
| 1991 | 1.04 billion current LCU | -1.1% |
| 1992 | 1.57 billion current LCU | +50.6% |
| 1993 | 1.83 billion current LCU | +16.2% |
| 1994 | 2.23 billion current LCU | +22.0% |
| 1995 | 2.45 billion current LCU | +10.0% |
| 1996 | 2.57 billion current LCU | +5.0% |
| 1997 | 3.03 billion current LCU | +17.9% |
| 1998 | 2.83 billion current LCU | -6.8% |
| 1999 | 2.93 billion current LCU | +3.4% |
| 2000 | 3.25 billion current LCU | +11.0% |
| 2001 | 2.96 billion current LCU | -8.7% |
| 2002 | 2.67 billion current LCU | -10.0% |
| 2003 | 3.33 billion current LCU | +24.9% |
| 2004 | 3.55 billion current LCU | +6.5% |
| 2005 | 4.04 billion current LCU | +13.8% |
| 2006 | 4.76 billion current LCU | +17.9% |
| 2007 | 6.66 billion current LCU | +39.9% |
| 2008 | 8.59 billion current LCU | +28.9% |
| 2009 | 9.38 billion current LCU | +9.1% |
| 2010 | 9.66 billion current LCU | +3.0% |
| 2011 | 12.46 billion current LCU | +29.0% |
| 2012 | 15.97 billion current LCU | +28.2% |
| 2013 | 18.37 billion current LCU | +15.0% |
| 2014 | 19.74 billion current LCU | +7.5% |
| 2015 | 22.56 billion current LCU | +14.3% |
| 2016 | 23.51 billion current LCU | +4.2% |
| 2017 | 25.97 billion current LCU | +10.5% |
| 2018 | 26.77 billion current LCU | +3.0% |
| 2019 | 26.56 billion current LCU | -0.8% |
| 2020 | 15.86 billion current LCU | -40.3% |
| 2021 | 23.17 billion current LCU | +46.1% |
| 2022 | 29.39 billion current LCU | +26.9% |
| 2023 | 33.86 billion current LCU | +15.2% |
| 2024 | 33.38 billion current LCU | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 223.12 million current LCU | 107.21 million current LCU | 368.98 million current LCU | 10 |
| 1970s | 695.57 million current LCU | 415.67 million current LCU | 961.98 million current LCU | 10 |
| 1980s | 1.20 billion current LCU | 308.97 million current LCU | 1.87 billion current LCU | 10 |
| 1990s | 2.15 billion current LCU | 1.04 billion current LCU | 3.03 billion current LCU | 10 |
| 2000s | 4.92 billion current LCU | 2.67 billion current LCU | 9.38 billion current LCU | 10 |
| 2010s | 20.16 billion current LCU | 9.66 billion current LCU | 26.77 billion current LCU | 10 |
| 2020s | 27.13 billion current LCU | 15.86 billion current LCU | 33.86 billion current LCU | 5 |
Countries ranked near Panama
- 110 Bolivia, Plurinational State of 52.48 billion current LCU compare
- 111 Luxembourg 41.77 billion current LCU compare
- 112 Maldives 33.42 billion current LCU compare
- 114 Azerbaijan 32.41 billion current LCU compare
- 115 Ecuador 31.87 billion current LCU compare
- 116 Greece 31.58 billion current LCU 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)
- Gross domestic savings (current US$), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3858 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita 7,392 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.3858 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 7,392 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 7.89 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in Panama?
- Gross domestic savings in Panama was 33.38 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Panama?
- The highest recorded value was 33.86 billion current LCU in 2023.
- What is the lowest gross domestic savings recorded in Panama?
- The lowest recorded value was 107.21 million current LCU in 1960.
- How does Panama rank for gross domestic savings?
- Panama ranks 113th out of 187 countries with data for 2024.
- Is gross domestic savings rising or falling in Panama?
- Over the last ten years it is up 69.1%. 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 Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.