Gross debt, General government, Percent of GDP in Panama
Panama: Gross debt, General government, Percent of GDP was 53.92 in 2031. ▼ Falling
Gross debt, General government, Percent of GDP in Panama, 1994–2031
Source: International Monetary Fund.
Analysis
In 2031, gross debt, general government, percent of gdp in Panama stood at 53.92.
That represents a change of down 2.4% on the previous year and down 7.0% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Panama peaked at 88.66 in 1994 and was at its lowest, 30.78, in 2013.
That places Panama 23rd out of 36 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently falling across the 38 years of available data.
Gross debt, General government, Percent of GDP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 88.66 | — |
| 1995 | 86.75 | -2.2% |
| 1996 | 73.58 | -15.2% |
| 1997 | 67.29 | -8.5% |
| 1998 | 64.32 | -4.4% |
| 1999 | 60.42 | -6.1% |
| 2000 | 58.03 | -4.0% |
| 2001 | 62.13 | +7.1% |
| 2002 | 60.92 | -2.0% |
| 2003 | 59.87 | -1.7% |
| 2004 | 61.55 | +2.8% |
| 2005 | 61.54 | -0.0% |
| 2006 | 56.06 | -8.9% |
| 2007 | 48.21 | -14.0% |
| 2008 | 40.58 | -15.8% |
| 2009 | 39.51 | -2.6% |
| 2010 | 38.46 | -2.6% |
| 2011 | 35.91 | -6.7% |
| 2012 | 31.31 | -12.8% |
| 2013 | 30.78 | -1.7% |
| 2014 | 32.95 | +7.1% |
| 2015 | 34.06 | +3.4% |
| 2016 | 34.03 | -0.1% |
| 2017 | 34.3 | +0.8% |
| 2018 | 36.26 | +5.7% |
| 2019 | 42.46 | +17.1% |
| 2020 | 62.35 | +46.9% |
| 2021 | 57.96 | -7.0% |
| 2022 | 56.2 | -3.0% |
| 2023 | 54.42 | -3.2% |
| 2024 | 57.81 | +6.2% |
| 2025 | 56.58 | -2.1% |
| 2026 | 57.75 | +2.1% |
| 2027 | 57.53 | -0.4% |
| 2028 | 57.09 | -0.8% |
| 2029 | 56.27 | -1.4% |
| 2030 | 55.26 | -1.8% |
| 2031 | 53.92 | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 73.5 | 60.42 | 88.66 | 6 |
| 2000s | 54.84 | 39.51 | 62.13 | 10 |
| 2010s | 35.05 | 30.78 | 42.46 | 10 |
| 2020s | 57.4 | 54.42 | 62.35 | 10 |
| 2030s | 54.59 | 53.92 | 55.26 | 2 |
Countries ranked near Panama
- 20 Costa Rica 58.6 compare
- 21 Antigua and Barbuda 58.41 compare
- 22 Ecuador 54.42 compare
- 24 Argentina 52.16 compare
- 25 Dominican Republic 50.02 compare
- 26 Chile 49.17 compare
More external debt data for Panama
- Other investment, Debt instruments 74.95 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 7.25 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 50.42 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 16,397 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.8286 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 49.53 billion (2025)
- Net lending (+) / net borrowing (-), General government, Percent of -1.5 (2030)
- Other investment, Debt instruments, Deposit taking corporations 8.7 % change on previous year (2025)
- Primary net lending (+) / net borrowing (-), General government 1.3 (2030)
- Other investment, Debt instruments, Deposit taking corporations 11,030 US dollar per person (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Panama?
- Gross debt, general government, percent of gdp in Panama was 53.92 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Panama?
- The highest recorded value was 88.66 in 1994.
- What is the lowest gross debt, general government, percent of gdp recorded in Panama?
- The lowest recorded value was 30.78 in 2013.
- How does Panama rank for gross debt, general government, percent of gdp?
- Panama ranks 23rd out of 36 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Panama?
- Over the last ten years it is down 7.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.