Gross savings in Panama
Panama: Gross savings was 33.0% in 2024. ▲ Rising
Gross savings in Panama, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Panama is 33.0%, measured in 2024.
That represents a change of down 5.6% on the previous year and up 9.4% over ten years.
Over the whole period, gross savings in Panama peaked at 35.0% in 2023 and was at its lowest, 2.3%, in 1989.
Panama ranks 30th of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Gross savings in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 28.1% | — |
| 1978 | 30.4% | +8.3% |
| 1979 | 27.3% | -10.2% |
| 1980 | 22.8% | -16.6% |
| 1981 | 18.9% | -17.2% |
| 1982 | 28.0% | +48.5% |
| 1983 | 25.0% | -10.5% |
| 1984 | 12.5% | -50.2% |
| 1985 | 15.6% | +24.9% |
| 1986 | 14.4% | -7.3% |
| 1987 | 23.2% | +60.9% |
| 1988 | 15.9% | -31.7% |
| 1989 | 2.3% | -85.3% |
| 1990 | 15.8% | +578.2% |
| 1991 | 11.8% | -25.6% |
| 1992 | 17.1% | +45.0% |
| 1993 | 19.9% | +16.1% |
| 1994 | 23.0% | +15.9% |
| 1995 | 22.3% | -2.9% |
| 1996 | 26.7% | +19.7% |
| 1997 | 27.7% | +3.5% |
| 1998 | 22.4% | -19.1% |
| 1999 | 20.6% | -8.0% |
| 2000 | 23.9% | +16.0% |
| 2001 | 21.2% | -11.3% |
| 2002 | 20.6% | -2.9% |
| 2003 | 20.3% | -1.7% |
| 2004 | 18.2% | -10.3% |
| 2005 | 18.7% | +3.0% |
| 2006 | 20.1% | +7.1% |
| 2007 | 27.8% | +38.8% |
| 2008 | 29.6% | +6.4% |
| 2009 | 29.0% | -2.1% |
| 2010 | 24.8% | -14.6% |
| 2011 | 29.9% | +20.8% |
| 2012 | 32.0% | +7.1% |
| 2013 | 33.0% | +3.3% |
| 2014 | 30.2% | -8.8% |
| 2015 | 34.1% | +13.0% |
| 2016 | 32.3% | -5.4% |
| 2017 | 34.3% | +6.2% |
| 2018 | 31.6% | -7.9% |
| 2019 | 31.6% | +0.1% |
| 2020 | 24.7% | -21.9% |
| 2021 | 28.7% | +16.5% |
| 2022 | 34.5% | +19.9% |
| 2023 | 35.0% | +1.5% |
| 2024 | 33.0% | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.6% | 27.3% | 30.4% | 3 |
| 1980s | 17.9% | 2.3% | 28.0% | 10 |
| 1990s | 20.7% | 11.8% | 27.7% | 10 |
| 2000s | 22.9% | 18.2% | 29.6% | 10 |
| 2010s | 31.4% | 24.8% | 34.3% | 10 |
| 2020s | 31.2% | 24.7% | 35.0% | 5 |
Countries ranked near Panama
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)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2057 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 4,071 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2264 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 4,480 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Panama?
- Gross savings in Panama was 33.0% 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 35.0% in 2023.
- What is the lowest gross savings recorded in Panama?
- The lowest recorded value was 2.3% in 1989.
- How does Panama rank for gross savings?
- Panama ranks 30th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Panama?
- Over the last ten years it is up 9.4%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). 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 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.