Gross domestic savings (% of GDP) in Panama
Panama: Gross domestic savings (% of GDP) was 38.6% in 2024. ▲ Rising
Gross domestic savings in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Panama is 38.6%, measured in 2024.
Compared with earlier readings it is down 4.5% on the previous year and up 0.5% over ten years.
Over the whole period, gross domestic savings in Panama peaked at 40.5% in 2015 and was at its lowest, 5.2%, in 1989.
Panama ranks 19th of 188 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 65 years of available data.
Gross domestic savings (% of GDP) in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 20.0% | — |
| 1961 | 23.7% | +18.8% |
| 1962 | 25.7% | +8.5% |
| 1963 | 23.7% | -7.9% |
| 1964 | 23.1% | -2.5% |
| 1965 | 24.0% | +3.9% |
| 1966 | 27.5% | +14.4% |
| 1967 | 28.2% | +2.7% |
| 1968 | 30.9% | +9.5% |
| 1969 | 30.2% | -2.2% |
| 1970 | 30.8% | +1.8% |
| 1971 | 32.7% | +6.3% |
| 1972 | 33.0% | +0.8% |
| 1973 | 35.5% | +7.7% |
| 1974 | 30.5% | -14.0% |
| 1975 | 29.9% | -2.1% |
| 1976 | 30.9% | +3.3% |
| 1977 | 26.7% | -13.5% |
| 1978 | 28.4% | +6.4% |
| 1979 | 26.0% | -8.6% |
| 1980 | 30.5% | +17.4% |
| 1981 | 27.6% | -9.6% |
| 1982 | 32.4% | +17.4% |
| 1983 | 25.1% | -22.4% |
| 1984 | 15.4% | -38.6% |
| 1985 | 15.7% | +2.0% |
| 1986 | 18.6% | +18.2% |
| 1987 | 18.9% | +1.8% |
| 1988 | 15.5% | -17.9% |
| 1989 | 5.2% | -66.4% |
| 1990 | 16.4% | +214.3% |
| 1991 | 14.8% | -10.1% |
| 1992 | 19.5% | +32.5% |
| 1993 | 20.8% | +6.4% |
| 1994 | 23.8% | +14.4% |
| 1995 | 25.6% | +7.6% |
| 1996 | 28.0% | +9.2% |
| 1997 | 30.2% | +7.8% |
| 1998 | 25.7% | -14.9% |
| 1999 | 25.1% | -2.3% |
| 2000 | 27.1% | +8.1% |
| 2001 | 24.2% | -10.8% |
| 2002 | 20.8% | -13.9% |
| 2003 | 24.5% | +17.5% |
| 2004 | 23.5% | -4.0% |
| 2005 | 24.3% | +3.4% |
| 2006 | 25.5% | +5.1% |
| 2007 | 30.7% | +20.2% |
| 2008 | 33.4% | +8.9% |
| 2009 | 33.7% | +1.0% |
| 2010 | 31.9% | -5.3% |
| 2011 | 34.9% | +9.3% |
| 2012 | 38.4% | +10.0% |
| 2013 | 39.1% | +1.9% |
| 2014 | 38.4% | -1.9% |
| 2015 | 40.5% | +5.4% |
| 2016 | 39.3% | -2.7% |
| 2017 | 40.4% | +2.6% |
| 2018 | 39.8% | -1.5% |
| 2019 | 38.1% | -4.3% |
| 2020 | 27.8% | -27.0% |
| 2021 | 34.4% | +23.7% |
| 2022 | 38.4% | +11.8% |
| 2023 | 40.4% | +5.1% |
| 2024 | 38.6% | -4.5% |
Panama compared with similar countries
- Panama's 38.6% is above the median for high income countries, which is 25.7%, 1.5× the median. (67 countries reporting)
- Panama's 38.6% is above the median for Latin America & Caribbean, which is 16.3%, 2.4× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 | +214.3% | 5.2% | 16.4% |
| 1989 | -66.4% | 15.5% | 5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.7% | 20.0% | 30.9% | 10 |
| 1970s | 30.4% | 26.0% | 35.5% | 10 |
| 1980s | 20.5% | 5.2% | 32.4% | 10 |
| 1990s | 23.0% | 14.8% | 30.2% | 10 |
| 2000s | 26.8% | 20.8% | 33.7% | 10 |
| 2010s | 38.1% | 31.9% | 40.5% | 10 |
| 2020s | 35.9% | 27.8% | 40.4% | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross domestic savings in Panama?
- Gross domestic savings in Panama was 38.6% 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 40.5% in 2015.
- What is the lowest gross domestic savings recorded in Panama?
- The lowest recorded value was 5.2% in 1989.
- How does Panama rank for gross domestic savings?
- Panama ranks 19th 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 0.5%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.