External balance on goods and services in Panama
Panama: External balance on goods and services was 3.03 billion constant LCU in 2024. ◆ Volatile
External balance on goods and services in Panama, 2018–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, external balance on goods and services in Panama stood at 3.03 billion constant LCU. That is the highest value across all 7 years on record.
That represents a change of up 112.0% on the previous year and up 413.4% over ten years.
Panama ranks 49th of 161 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -539.14 million constant LCU | -967.17 million constant LCU | -111.11 million constant LCU | 2 |
| 2020s | 2.28 billion constant LCU | 1.43 billion constant LCU | 3.03 billion constant LCU | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
- Taxes less subsidies on products 2.23 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.39 billion current LCU (2025)
- Net primary income (Net income from abroad) -4.39 billion current US$ (2025)
- GNI per capita 18,830 current LCU (2025)
- GNI per capita, Atlas method 19,140 current US$ (2025)
- GNI 86.07 billion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Panama?
- External balance on goods and services in Panama was 3.03 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Panama?
- The highest recorded value was 3.03 billion constant LCU in 2024.
- What is the lowest external balance on goods and services recorded in Panama?
- The lowest recorded value was -967.17 million constant LCU in 2018.
- How does Panama rank for external balance on goods and services?
- Panama ranks 49th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Panama?
- Over the last ten years it is up 413.4%. 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 Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.