Gross savings in Panama
Panama: Gross savings was 28.55 billion current LCU in 2024. ◆ Volatile
Gross savings in Panama, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Panama recorded 28.55 billion current LCU for gross savings in 2024.
That represents a change of down 2.6% on the previous year and up 84.1% over ten years.
Over the whole period, gross savings in Panama peaked at 29.30 billion current LCU in 2023 and was at its lowest, 138.27 million current LCU, in 1989.
Panama ranks 123rd of 177 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 922.59 million current LCU | 768.93 million current LCU | 1.01 billion current LCU | 3 |
| 1980s | 1.06 billion current LCU | 138.27 million current LCU | 1.61 billion current LCU | 10 |
| 1990s | 1.94 billion current LCU | 834.04 million current LCU | 2.79 billion current LCU | 10 |
| 2000s | 4.22 billion current LCU | 2.60 billion current LCU | 8.06 billion current LCU | 10 |
| 2010s | 16.61 billion current LCU | 7.48 billion current LCU | 22.04 billion current LCU | 10 |
| 2020s | 23.53 billion current LCU | 14.07 billion current LCU | 29.30 billion current LCU | 5 |
Countries ranked near Panama
- 120 Azerbaijan 30.29 billion current LCU compare
- 121 Sierra Leone 30.20 billion current LCU compare
- 122 Guyana 28.81 billion current LCU compare
- 124 Greece 25.51 billion current LCU compare
- 125 Mozambique 24.80 billion current LCU compare
- 126 Namibia 23.63 billion current LCU compare
More economy & growth data for Panama
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is gross savings in Panama?
- Gross savings in Panama was 28.55 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Panama?
- The highest recorded value was 29.30 billion current LCU in 2023.
- What is the lowest gross savings recorded in Panama?
- The lowest recorded value was 138.27 million current LCU in 1989.
- How does Panama rank for gross savings?
- Panama ranks 123rd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Panama?
- Over the last ten years it is up 84.1%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.