Net secondary income (Net current transfers from abroad) in Panama
Panama: Net secondary income (Net current transfers from abroad) was -218.83 million current US$ in 2024. ◆ Volatile
Latest (2024)
-218.83 million current US$
Change on year
down 7.2%
World rank
153rd
of 202 countries
All-time high
635.90 million current US$
in 2007
All-time low
-248.35 million current US$
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 US$.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Panama stood at -218.83 million current US$.
That represents a change of 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 US$ in 2007 and was at its lowest, -248.35 million current US$, in 2018.
That places Panama 153rd out of 202 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | -785,800 current US$ | — |
| 1961 | 1.35 million current US$ | -271.4% |
| 1962 | -4.38 million current US$ | -425.0% |
| 1963 | 112,300 current US$ | -102.6% |
| 1964 | 112,300 current US$ | +0.0% |
| 1965 | 4.60 million current US$ | +3998.5% |
| 1966 | 2.13 million current US$ | -53.7% |
| 1967 | 2.02 million current US$ | -5.3% |
| 1968 | 336,800 current US$ | -83.3% |
| 1969 | 898,100 current US$ | +166.7% |
| 1970 | 3.70 million current US$ | +312.5% |
| 1971 | 3.29 million current US$ | -11.1% |
| 1972 | 3.91 million current US$ | +18.7% |
| 1973 | 27.17 million current US$ | +594.7% |
| 1974 | 28.20 million current US$ | +3.8% |
| 1975 | 32.52 million current US$ | +15.3% |
| 1976 | 29.22 million current US$ | -10.1% |
| 1977 | 29.22 million current US$ | +0.0% |
| 1978 | 37.66 million current US$ | +28.9% |
| 1979 | 9.06 million current US$ | -76.0% |
| 1980 | 25.93 million current US$ | +186.4% |
| 1981 | 39.38 million current US$ | +51.9% |
| 1982 | 45.62 million current US$ | +15.8% |
| 1983 | 51.61 million current US$ | +13.1% |
| 1984 | 78.82 million current US$ | +52.7% |
| 1985 | 90.79 million current US$ | +15.2% |
| 1986 | 85.77 million current US$ | -5.5% |
| 1987 | 75.80 million current US$ | -11.6% |
| 1988 | 69.75 million current US$ | -8.0% |
| 1989 | 61.58 million current US$ | -11.7% |
| 1990 | 141.11 million current US$ | +129.2% |
| 1991 | 143.11 million current US$ | +1.4% |
| 1992 | 129.34 million current US$ | -9.6% |
| 1993 | 130.69 million current US$ | +1.0% |
| 1994 | 95.81 million current US$ | -26.7% |
| 1995 | 98.19 million current US$ | +2.5% |
| 1996 | 104.80 million current US$ | +6.7% |
| 1997 | 116.48 million current US$ | +11.1% |
| 1998 | 113.91 million current US$ | -2.2% |
| 1999 | 128.98 million current US$ | +13.2% |
| 2000 | 144.41 million current US$ | +12.0% |
| 2001 | 186.35 million current US$ | +29.0% |
| 2002 | 199.67 million current US$ | +7.1% |
| 2003 | 210.65 million current US$ | +5.5% |
| 2004 | 176.42 million current US$ | -16.3% |
| 2005 | 241.70 million current US$ | +37.0% |
| 2006 | 280.10 million current US$ | +15.9% |
| 2007 | 635.90 million current US$ | +127.0% |
| 2008 | 532.30 million current US$ | -16.3% |
| 2009 | 126.30 million current US$ | -76.3% |
| 2010 | 137.70 million current US$ | +9.0% |
| 2011 | 202.40 million current US$ | +47.0% |
| 2012 | 88.00 million current US$ | -56.5% |
| 2013 | 62.50 million current US$ | -29.0% |
| 2014 | 122.20 million current US$ | +95.5% |
| 2015 | -106.00 million current US$ | -186.7% |
| 2016 | -119.20 million current US$ | +12.5% |
| 2017 | -124.30 million current US$ | +4.3% |
| 2018 | -248.35 million current US$ | +99.8% |
| 2019 | -245.93 million current US$ | -1.0% |
| 2020 | -87.34 million current US$ | -64.5% |
| 2021 | 146.25 million current US$ | -267.4% |
| 2022 | -96.35 million current US$ | -165.9% |
| 2023 | -204.19 million current US$ | +111.9% |
| 2024 | -218.83 million current US$ | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 639,890 current US$ | -4.38 million current US$ | 4.60 million current US$ | 10 |
| 1970s | 20.40 million current US$ | 3.29 million current US$ | 37.66 million current US$ | 10 |
| 1980s | 62.51 million current US$ | 25.93 million current US$ | 90.79 million current US$ | 10 |
| 1990s | 120.24 million current US$ | 95.81 million current US$ | 143.11 million current US$ | 10 |
| 2000s | 273.38 million current US$ | 126.30 million current US$ | 635.90 million current US$ | 10 |
| 2010s | -23.10 million current US$ | -248.35 million current US$ | 202.40 million current US$ | 10 |
| 2020s | -92.09 million current US$ | -218.83 million current US$ | 146.25 million current US$ | 5 |
Countries ranked near Panama
- 150 Antigua and Barbuda -105.78 million current US$ compare
- 151 Turks and Caicos Islands -108.50 million current US$ compare
- 152 Kazakhstan -168.39 million current US$ compare
- 154 Bermuda -229.00 million current US$ compare
- 155 Australia -337.19 million current US$ compare
- 156 Angola -344.35 million current US$ 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)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 18,830 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.4 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
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 US$ 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 US$ 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 US$ in 2018.
- How does Panama rank for net secondary income (net current transfers from abroad)?
- Panama ranks 153rd 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 US$). 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 indicator is expressed in United States dollars.