Gross savings (current US$) in Panama
Panama: Gross savings (current US$) was 28.55 billion current US$ in 2024. ◆ Volatile
Gross savings in Panama, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Panama is 28.55 billion current US$, measured 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 US$ in 2023 and was at its lowest, 138.27 million current US$, in 1989.
Panama ranks 64th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current US$) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 768.93 million current US$ | — |
| 1978 | 987.17 million current US$ | +28.4% |
| 1979 | 1.01 billion current US$ | +2.5% |
| 1980 | 1.05 billion current US$ | +3.8% |
| 1981 | 984.47 million current US$ | -6.3% |
| 1982 | 1.61 billion current US$ | +64.0% |
| 1983 | 1.48 billion current US$ | -8.1% |
| 1984 | 771.56 million current US$ | -48.0% |
| 1985 | 1.02 billion current US$ | +32.1% |
| 1986 | 982.23 million current US$ | -3.6% |
| 1987 | 1.59 billion current US$ | +61.6% |
| 1988 | 937.84 million current US$ | -40.9% |
| 1989 | 138.27 million current US$ | -85.3% |
| 1990 | 1.02 billion current US$ | +637.3% |
| 1991 | 834.04 million current US$ | -18.2% |
| 1992 | 1.38 billion current US$ | +64.9% |
| 1993 | 1.74 billion current US$ | +26.8% |
| 1994 | 2.16 billion current US$ | +23.6% |
| 1995 | 2.14 billion current US$ | -0.7% |
| 1996 | 2.46 billion current US$ | +15.0% |
| 1997 | 2.79 billion current US$ | +13.2% |
| 1998 | 2.47 billion current US$ | -11.3% |
| 1999 | 2.41 billion current US$ | -2.6% |
| 2000 | 2.86 billion current US$ | +19.0% |
| 2001 | 2.60 billion current US$ | -9.2% |
| 2002 | 2.64 billion current US$ | +1.5% |
| 2003 | 2.76 billion current US$ | +4.5% |
| 2004 | 2.74 billion current US$ | -0.4% |
| 2005 | 3.11 billion current US$ | +13.4% |
| 2006 | 3.74 billion current US$ | +20.2% |
| 2007 | 6.04 billion current US$ | +61.6% |
| 2008 | 7.62 billion current US$ | +26.0% |
| 2009 | 8.06 billion current US$ | +5.8% |
| 2010 | 7.48 billion current US$ | -7.1% |
| 2011 | 10.67 billion current US$ | +42.6% |
| 2012 | 13.31 billion current US$ | +24.8% |
| 2013 | 15.52 billion current US$ | +16.6% |
| 2014 | 15.51 billion current US$ | -0.1% |
| 2015 | 19.01 billion current US$ | +22.6% |
| 2016 | 19.27 billion current US$ | +1.4% |
| 2017 | 22.04 billion current US$ | +14.3% |
| 2018 | 21.24 billion current US$ | -3.6% |
| 2019 | 22.04 billion current US$ | +3.7% |
| 2020 | 14.07 billion current US$ | -36.1% |
| 2021 | 19.36 billion current US$ | +37.6% |
| 2022 | 26.35 billion current US$ | +36.1% |
| 2023 | 29.30 billion current US$ | +11.2% |
| 2024 | 28.55 billion current US$ | -2.6% |
Panama compared with similar countries
- Panama's 28.55 billion current US$ is below the median for high income countries, which is 58.75 billion current US$, 49% of the median. (63 countries reporting)
- Panama's 28.55 billion current US$ is above the median for Latin America & Caribbean, which is 12.79 billion current US$, 2.2× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current US$) 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 US$ | 1.02 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 922.59 million current US$ | 768.93 million current US$ | 1.01 billion current US$ | 3 |
| 1980s | 1.06 billion current US$ | 138.27 million current US$ | 1.61 billion current US$ | 10 |
| 1990s | 1.94 billion current US$ | 834.04 million current US$ | 2.79 billion current US$ | 10 |
| 2000s | 4.22 billion current US$ | 2.60 billion current US$ | 8.06 billion current US$ | 10 |
| 2010s | 16.61 billion current US$ | 7.48 billion current US$ | 22.04 billion current US$ | 10 |
| 2020s | 23.53 billion current US$ | 14.07 billion current US$ | 29.30 billion current US$ | 5 |
Countries ranked near Panama
- 61 Dominican Republic 29.66 billion current US$ compare
- 62 Ethiopia 29.46 billion current US$ compare
- 63 Tanzania 28.93 billion current US$ compare
- 65 Guatemala 26.48 billion current US$ compare
- 66 Democratic Republic of Congo 26.12 billion current US$ compare
- 67 Slovakia 25.08 billion current US$ compare
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 US$ 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 US$ in 2023.
- What is the lowest gross savings recorded in Panama?
- The lowest recorded value was 138.27 million current US$ in 1989.
- How does Panama rank for gross savings?
- Panama ranks 64th 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 US$). 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 indicator is expressed in United States dollars.