Gross domestic savings (current LCU) in Panama
Panama: Gross domestic savings (current LCU) 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 188 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 188 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 (current LCU) 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% |
Panama compared with similar countries
- Panama's 33.38 billion current LCU is below the median for high income countries, which is 134.59 billion current LCU, 25% of the median. (67 countries reporting)
- Panama's 33.38 billion current LCU is above the median for Latin America & Caribbean, which is 32.63 billion current LCU, 1.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (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 |
|---|---|---|---|
| 1990 | +241.6% | 308.97 million current LCU | 1.06 billion current LCU |
| 1989 | -66.3% | 917.44 million current LCU | 308.97 million current LCU |
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
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 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 188 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.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.