Personal remittances, received (current US$) (Personal IMF balance) in Panama
Panama: Personal remittances, received (current US$) (Personal IMF balance) was 634.45 million current US$ in 2025. ◆ Volatile
Personal remittances, received in Panama, 1977–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Panama recorded 634.45 million current US$ for personal remittances, received in 2025.
The figure is up 19.4% on the previous year and up 14.5% over ten years.
Over the whole period, personal remittances, received in Panama peaked at 756.40 million current US$ in 2014 and was at its lowest, 16.40 million current US$, in 2000.
That places Panama 112th out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$) (Personal IMF balance) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 103.70 million current US$ | — |
| 1978 | 120.80 million current US$ | +16.5% |
| 1979 | 135.70 million current US$ | +12.3% |
| 1980 | 65.20 million current US$ | -52.0% |
| 1981 | 61.70 million current US$ | -5.4% |
| 1982 | 75.50 million current US$ | +22.4% |
| 1983 | 78.10 million current US$ | +3.4% |
| 1984 | 74.00 million current US$ | -5.2% |
| 1985 | 99.00 million current US$ | +33.8% |
| 1986 | 100.40 million current US$ | +1.4% |
| 1987 | 104.40 million current US$ | +4.0% |
| 1988 | 102.10 million current US$ | -2.2% |
| 1989 | 102.10 million current US$ | +0.0% |
| 1990 | 109.70 million current US$ | +7.4% |
| 1991 | 108.10 million current US$ | -1.5% |
| 1992 | 102.40 million current US$ | -5.3% |
| 1993 | 108.70 million current US$ | +6.2% |
| 1994 | 112.00 million current US$ | +3.0% |
| 1995 | 112.00 million current US$ | +0.0% |
| 1996 | 86.20 million current US$ | -23.0% |
| 1997 | 64.30 million current US$ | -25.4% |
| 1998 | 58.20 million current US$ | -9.5% |
| 1999 | 48.30 million current US$ | -17.0% |
| 2000 | 16.40 million current US$ | -66.0% |
| 2001 | 73.10 million current US$ | +345.7% |
| 2002 | 84.60 million current US$ | +15.7% |
| 2003 | 106.80 million current US$ | +26.2% |
| 2004 | 108.90 million current US$ | +2.0% |
| 2005 | 129.60 million current US$ | +19.0% |
| 2006 | 300.50 million current US$ | +131.9% |
| 2007 | 355.30 million current US$ | +18.2% |
| 2008 | 378.00 million current US$ | +6.4% |
| 2009 | 337.00 million current US$ | -10.8% |
| 2010 | 410.00 million current US$ | +21.7% |
| 2011 | 368.20 million current US$ | -10.2% |
| 2012 | 410.90 million current US$ | +11.6% |
| 2013 | 461.40 million current US$ | +12.3% |
| 2014 | 756.40 million current US$ | +63.9% |
| 2015 | 554.20 million current US$ | -26.7% |
| 2016 | 502.52 million current US$ | -9.3% |
| 2017 | 533.36 million current US$ | +6.1% |
| 2018 | 537.88 million current US$ | +0.8% |
| 2019 | 580.85 million current US$ | +8.0% |
| 2020 | 386.54 million current US$ | -33.5% |
| 2021 | 566.70 million current US$ | +46.6% |
| 2022 | 526.40 million current US$ | -7.1% |
| 2023 | 515.68 million current US$ | -2.0% |
| 2024 | 531.59 million current US$ | +3.1% |
| 2025 | 634.45 million current US$ | +19.4% |
Panama compared with similar countries
- Panama's 634.45 million current US$ is below the median for high income countries, which is 844.01 million current US$, 75% of the median. (69 countries reporting)
- Panama's 634.45 million current US$ is above the median for Latin America & Caribbean, which is 545.58 million current US$, 1.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received (current US$) (Personal IMF balance) 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 |
|---|---|---|---|
| 2001 | +345.7% | 16.40 million current US$ | 73.10 million current US$ |
| 2006 | +131.9% | 129.60 million current US$ | 300.50 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 120.07 million current US$ | 103.70 million current US$ | 135.70 million current US$ | 3 |
| 1980s | 86.25 million current US$ | 61.70 million current US$ | 104.40 million current US$ | 10 |
| 1990s | 90.99 million current US$ | 48.30 million current US$ | 112.00 million current US$ | 10 |
| 2000s | 189.02 million current US$ | 16.40 million current US$ | 378.00 million current US$ | 10 |
| 2010s | 511.57 million current US$ | 368.20 million current US$ | 756.40 million current US$ | 10 |
| 2020s | 526.89 million current US$ | 386.54 million current US$ | 634.45 million current US$ | 6 |
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 personal remittances, received in Panama?
- Personal remittances, received in Panama was 634.45 million current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Panama?
- The highest recorded value was 756.40 million current US$ in 2014.
- What is the lowest personal remittances, received recorded in Panama?
- The lowest recorded value was 16.40 million current US$ in 2000.
- How does Panama rank for personal remittances, received?
- Panama ranks 112th out of 197 countries with data for 2025.
- Is personal remittances, received rising or falling in Panama?
- Over the last ten years it is up 14.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.