Gross savings (current LCU) in Panama
Panama: Gross savings (current LCU) 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 126th of 178 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 savings (current LCU) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1977 | 768.93 million current LCU | — |
| 1978 | 987.17 million current LCU | +28.4% |
| 1979 | 1.01 billion current LCU | +2.5% |
| 1980 | 1.05 billion current LCU | +3.8% |
| 1981 | 984.47 million current LCU | -6.3% |
| 1982 | 1.61 billion current LCU | +64.0% |
| 1983 | 1.48 billion current LCU | -8.1% |
| 1984 | 771.56 million current LCU | -48.0% |
| 1985 | 1.02 billion current LCU | +32.1% |
| 1986 | 982.23 million current LCU | -3.6% |
| 1987 | 1.59 billion current LCU | +61.6% |
| 1988 | 937.84 million current LCU | -40.9% |
| 1989 | 138.27 million current LCU | -85.3% |
| 1990 | 1.02 billion current LCU | +637.3% |
| 1991 | 834.04 million current LCU | -18.2% |
| 1992 | 1.38 billion current LCU | +64.9% |
| 1993 | 1.74 billion current LCU | +26.8% |
| 1994 | 2.16 billion current LCU | +23.6% |
| 1995 | 2.14 billion current LCU | -0.7% |
| 1996 | 2.46 billion current LCU | +15.0% |
| 1997 | 2.79 billion current LCU | +13.2% |
| 1998 | 2.47 billion current LCU | -11.3% |
| 1999 | 2.41 billion current LCU | -2.6% |
| 2000 | 2.86 billion current LCU | +19.0% |
| 2001 | 2.60 billion current LCU | -9.2% |
| 2002 | 2.64 billion current LCU | +1.5% |
| 2003 | 2.76 billion current LCU | +4.5% |
| 2004 | 2.74 billion current LCU | -0.4% |
| 2005 | 3.11 billion current LCU | +13.4% |
| 2006 | 3.74 billion current LCU | +20.2% |
| 2007 | 6.04 billion current LCU | +61.6% |
| 2008 | 7.62 billion current LCU | +26.0% |
| 2009 | 8.06 billion current LCU | +5.8% |
| 2010 | 7.48 billion current LCU | -7.1% |
| 2011 | 10.67 billion current LCU | +42.6% |
| 2012 | 13.31 billion current LCU | +24.8% |
| 2013 | 15.52 billion current LCU | +16.6% |
| 2014 | 15.51 billion current LCU | -0.1% |
| 2015 | 19.01 billion current LCU | +22.6% |
| 2016 | 19.27 billion current LCU | +1.4% |
| 2017 | 22.04 billion current LCU | +14.3% |
| 2018 | 21.24 billion current LCU | -3.6% |
| 2019 | 22.04 billion current LCU | +3.7% |
| 2020 | 14.07 billion current LCU | -36.1% |
| 2021 | 19.36 billion current LCU | +37.6% |
| 2022 | 26.35 billion current LCU | +36.1% |
| 2023 | 29.30 billion current LCU | +11.2% |
| 2024 | 28.55 billion current LCU | -2.6% |
Panama compared with similar countries
- Panama's 28.55 billion current LCU is below the median for high income countries, which is 181.85 billion current LCU, 16% of the median. (63 countries reporting)
- Panama's 28.55 billion current LCU is below the median for Latin America & Caribbean, which is 276.54 billion current LCU, 10% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Gross 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 | +637.3% | 138.27 million current LCU | 1.02 billion current LCU |
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
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 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 126th out of 178 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.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.