Gross domestic savings in Panama
Panama: Gross domestic savings was 33.38 billion current US$ in 2024. ◆ Volatile
Latest (2024)
33.38 billion current US$
Change on year
down 1.4%
World rank
59th
of 187 countries
All-time high
33.86 billion current US$
in 2023
All-time low
107.21 million current US$
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 US$.
Analysis
Panama recorded 33.38 billion current US$ for gross domestic savings in 2024.
The figure is 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 US$ in 2023 and was at its lowest, 107.21 million current US$, in 1960.
Panama ranks 59th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 107.21 million current US$ | — |
| 1961 | 142.00 million current US$ | +32.5% |
| 1962 | 167.65 million current US$ | +18.1% |
| 1963 | 171.23 million current US$ | +2.1% |
| 1964 | 179.24 million current US$ | +4.7% |
| 1965 | 204.55 million current US$ | +14.1% |
| 1966 | 254.97 million current US$ | +24.6% |
| 1967 | 291.69 million current US$ | +14.4% |
| 1968 | 343.71 million current US$ | +17.8% |
| 1969 | 368.98 million current US$ | +7.4% |
| 1970 | 415.67 million current US$ | +12.7% |
| 1971 | 498.46 million current US$ | +19.9% |
| 1972 | 551.64 million current US$ | +10.7% |
| 1973 | 679.33 million current US$ | +23.1% |
| 1974 | 668.07 million current US$ | -1.7% |
| 1975 | 728.14 million current US$ | +9.0% |
| 1976 | 799.07 million current US$ | +9.7% |
| 1977 | 731.13 million current US$ | -8.5% |
| 1978 | 922.17 million current US$ | +26.1% |
| 1979 | 961.98 million current US$ | +4.3% |
| 1980 | 1.41 billion current US$ | +46.2% |
| 1981 | 1.44 billion current US$ | +2.4% |
| 1982 | 1.87 billion current US$ | +29.7% |
| 1983 | 1.49 billion current US$ | -20.3% |
| 1984 | 954.36 million current US$ | -35.9% |
| 1985 | 1.03 billion current US$ | +7.9% |
| 1986 | 1.26 billion current US$ | +22.8% |
| 1987 | 1.29 billion current US$ | +2.2% |
| 1988 | 917.44 million current US$ | -29.0% |
| 1989 | 308.97 million current US$ | -66.3% |
| 1990 | 1.06 billion current US$ | +241.6% |
| 1991 | 1.04 billion current US$ | -1.1% |
| 1992 | 1.57 billion current US$ | +50.6% |
| 1993 | 1.83 billion current US$ | +16.2% |
| 1994 | 2.23 billion current US$ | +22.0% |
| 1995 | 2.45 billion current US$ | +10.0% |
| 1996 | 2.57 billion current US$ | +5.0% |
| 1997 | 3.03 billion current US$ | +17.9% |
| 1998 | 2.83 billion current US$ | -6.8% |
| 1999 | 2.93 billion current US$ | +3.4% |
| 2000 | 3.25 billion current US$ | +11.0% |
| 2001 | 2.96 billion current US$ | -8.7% |
| 2002 | 2.67 billion current US$ | -10.0% |
| 2003 | 3.33 billion current US$ | +24.9% |
| 2004 | 3.55 billion current US$ | +6.5% |
| 2005 | 4.04 billion current US$ | +13.8% |
| 2006 | 4.76 billion current US$ | +17.9% |
| 2007 | 6.66 billion current US$ | +39.9% |
| 2008 | 8.59 billion current US$ | +28.9% |
| 2009 | 9.38 billion current US$ | +9.1% |
| 2010 | 9.66 billion current US$ | +3.0% |
| 2011 | 12.46 billion current US$ | +29.0% |
| 2012 | 15.97 billion current US$ | +28.2% |
| 2013 | 18.37 billion current US$ | +15.0% |
| 2014 | 19.74 billion current US$ | +7.5% |
| 2015 | 22.56 billion current US$ | +14.3% |
| 2016 | 23.51 billion current US$ | +4.2% |
| 2017 | 25.97 billion current US$ | +10.5% |
| 2018 | 26.77 billion current US$ | +3.0% |
| 2019 | 26.56 billion current US$ | -0.8% |
| 2020 | 15.86 billion current US$ | -40.3% |
| 2021 | 23.17 billion current US$ | +46.1% |
| 2022 | 29.39 billion current US$ | +26.9% |
| 2023 | 33.86 billion current US$ | +15.2% |
| 2024 | 33.38 billion current US$ | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 223.12 million current US$ | 107.21 million current US$ | 368.98 million current US$ | 10 |
| 1970s | 695.57 million current US$ | 415.67 million current US$ | 961.98 million current US$ | 10 |
| 1980s | 1.20 billion current US$ | 308.97 million current US$ | 1.87 billion current US$ | 10 |
| 1990s | 2.15 billion current US$ | 1.04 billion current US$ | 3.03 billion current US$ | 10 |
| 2000s | 4.92 billion current US$ | 2.67 billion current US$ | 9.38 billion current US$ | 10 |
| 2010s | 20.16 billion current US$ | 9.66 billion current US$ | 26.77 billion current US$ | 10 |
| 2020s | 27.13 billion current US$ | 15.86 billion current US$ | 33.86 billion current US$ | 5 |
Countries ranked near Panama
- 56 Philippines 41.15 billion current US$ compare
- 57 Tanzania, United Republic of 35.77 billion current US$ compare
- 58 Greece 35.68 billion current US$ compare
- 60 Ecuador 31.87 billion current US$ compare
- 61 Slovakia 30.80 billion current US$ compare
- 62 Macau, China 30.03 billion 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)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0246 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 487.09 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
Frequently asked questions
- What is gross domestic savings in Panama?
- Gross domestic savings in Panama was 33.38 billion current US$ 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 US$ in 2023.
- What is the lowest gross domestic savings recorded in Panama?
- The lowest recorded value was 107.21 million current US$ in 1960.
- How does Panama rank for gross domestic savings?
- Panama ranks 59th 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 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
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 indicator is expressed in United States dollars.