Net secondary income (Net current transfers from abroad) in Panama
Panama: Net secondary income (Net current transfers from abroad) was -218.83 million current LCU in 2024. ◆ Volatile
Latest (2024)
-218.83 million current LCU
Change on year
down 7.2%
World rank
151st
of 202 countries
All-time high
635.90 million current LCU
in 2007
All-time low
-248.35 million current LCU
in 2018
Years of data
65
1960–2024
Net secondary income (Net current transfers from abroad) in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Panama stood at -218.83 million current LCU.
Compared with earlier readings it is down 7.2% on the previous year and down 279.1% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Panama peaked at 635.90 million current LCU in 2007 and was at its lowest, -248.35 million current LCU, in 2018.
Panama ranks 151st of 202 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.
Net secondary income (Net current transfers from abroad) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | -785,800 current LCU | — |
| 1961 | 1.35 million current LCU | -271.4% |
| 1962 | -4.38 million current LCU | -425.0% |
| 1963 | 112,300 current LCU | -102.6% |
| 1964 | 112,300 current LCU | +0.0% |
| 1965 | 4.60 million current LCU | +3998.5% |
| 1966 | 2.13 million current LCU | -53.7% |
| 1967 | 2.02 million current LCU | -5.3% |
| 1968 | 336,800 current LCU | -83.3% |
| 1969 | 898,100 current LCU | +166.7% |
| 1970 | 3.70 million current LCU | +312.5% |
| 1971 | 3.29 million current LCU | -11.1% |
| 1972 | 3.91 million current LCU | +18.7% |
| 1973 | 27.17 million current LCU | +594.7% |
| 1974 | 28.20 million current LCU | +3.8% |
| 1975 | 32.52 million current LCU | +15.3% |
| 1976 | 29.22 million current LCU | -10.1% |
| 1977 | 29.22 million current LCU | +0.0% |
| 1978 | 37.66 million current LCU | +28.9% |
| 1979 | 9.06 million current LCU | -76.0% |
| 1980 | 25.93 million current LCU | +186.4% |
| 1981 | 39.38 million current LCU | +51.9% |
| 1982 | 45.62 million current LCU | +15.8% |
| 1983 | 51.61 million current LCU | +13.1% |
| 1984 | 78.82 million current LCU | +52.7% |
| 1985 | 90.79 million current LCU | +15.2% |
| 1986 | 85.77 million current LCU | -5.5% |
| 1987 | 75.80 million current LCU | -11.6% |
| 1988 | 69.75 million current LCU | -8.0% |
| 1989 | 61.58 million current LCU | -11.7% |
| 1990 | 141.11 million current LCU | +129.2% |
| 1991 | 143.11 million current LCU | +1.4% |
| 1992 | 129.34 million current LCU | -9.6% |
| 1993 | 130.69 million current LCU | +1.0% |
| 1994 | 95.81 million current LCU | -26.7% |
| 1995 | 98.19 million current LCU | +2.5% |
| 1996 | 104.80 million current LCU | +6.7% |
| 1997 | 116.48 million current LCU | +11.1% |
| 1998 | 113.91 million current LCU | -2.2% |
| 1999 | 128.98 million current LCU | +13.2% |
| 2000 | 144.41 million current LCU | +12.0% |
| 2001 | 186.35 million current LCU | +29.0% |
| 2002 | 199.67 million current LCU | +7.1% |
| 2003 | 210.65 million current LCU | +5.5% |
| 2004 | 176.42 million current LCU | -16.3% |
| 2005 | 241.70 million current LCU | +37.0% |
| 2006 | 280.10 million current LCU | +15.9% |
| 2007 | 635.90 million current LCU | +127.0% |
| 2008 | 532.30 million current LCU | -16.3% |
| 2009 | 126.30 million current LCU | -76.3% |
| 2010 | 137.70 million current LCU | +9.0% |
| 2011 | 202.40 million current LCU | +47.0% |
| 2012 | 88.00 million current LCU | -56.5% |
| 2013 | 62.50 million current LCU | -29.0% |
| 2014 | 122.20 million current LCU | +95.5% |
| 2015 | -106.00 million current LCU | -186.7% |
| 2016 | -119.20 million current LCU | +12.5% |
| 2017 | -124.30 million current LCU | +4.3% |
| 2018 | -248.35 million current LCU | +99.8% |
| 2019 | -245.93 million current LCU | -1.0% |
| 2020 | -87.34 million current LCU | -64.5% |
| 2021 | 146.25 million current LCU | -267.4% |
| 2022 | -96.35 million current LCU | -165.9% |
| 2023 | -204.19 million current LCU | +111.9% |
| 2024 | -218.83 million current LCU | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 639,890 current LCU | -4.38 million current LCU | 4.60 million current LCU | 10 |
| 1970s | 20.40 million current LCU | 3.29 million current LCU | 37.66 million current LCU | 10 |
| 1980s | 62.51 million current LCU | 25.93 million current LCU | 90.79 million current LCU | 10 |
| 1990s | 120.24 million current LCU | 95.81 million current LCU | 143.11 million current LCU | 10 |
| 2000s | 273.38 million current LCU | 126.30 million current LCU | 635.90 million current LCU | 10 |
| 2010s | -23.10 million current LCU | -248.35 million current LCU | 202.40 million current LCU | 10 |
| 2020s | -92.09 million current LCU | -218.83 million current LCU | 146.25 million current LCU | 5 |
Countries ranked near Panama
- 148 Seychelles -171.17 million current LCU compare
- 149 Grenada -171.99 million current LCU compare
- 150 Sint Maarten -175.40 million current LCU compare
- 152 Bermuda -229.00 million current LCU compare
- 153 Antigua and Barbuda -285.60 million current LCU compare
- 154 Cyprus -338.90 million current LCU compare
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)
- GDP (constant 2015 US$), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8919 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 17,650 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.9369 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 18,541 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3858 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Panama?
- Net secondary income (net current transfers from abroad) in Panama was -218.83 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Panama?
- The highest recorded value was 635.90 million current LCU in 2007.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Panama?
- The lowest recorded value was -248.35 million current LCU in 2018.
- How does Panama rank for net secondary income (net current transfers from abroad)?
- Panama ranks 151st out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Panama?
- Over the last ten years it is down 279.1%. 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 Net secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.