External balance on goods and services in Panama
Panama: External balance on goods and services was 4.36 billion current US$ in 2024. ◆ Volatile
External balance on goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Panama is 4.36 billion current US$, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 78.9% on the previous year and up 263.4% over ten years.
Over the whole period, external balance on goods and services in Panama peaked at 4.36 billion current US$ in 2024 and was at its lowest, -2.67 billion current US$, in 2014.
That places Panama 48th out of 192 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -31.82 million current US$ | -53.72 million current US$ | 6.75 million current US$ | 10 |
| 1970s | -229.34 million current US$ | -517.32 million current US$ | -78.33 million current US$ | 10 |
| 1980s | -198.12 million current US$ | -477.57 million current US$ | 115.28 million current US$ | 10 |
| 1990s | -608.55 million current US$ | -1.26 billion current US$ | 314.50 million current US$ | 10 |
| 2000s | -396.50 million current US$ | -2.05 billion current US$ | 801.39 million current US$ | 10 |
| 2010s | -1.21 billion current US$ | -2.67 billion current US$ | -210,400 current US$ | 10 |
| 2020s | 2.61 billion current US$ | 1.97 billion current US$ | 4.36 billion current US$ | 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 4.36 billion current US$ 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 4.36 billion current US$ in 2024.
- What is the lowest external balance on goods and services recorded in Panama?
- The lowest recorded value was -2.67 billion current US$ in 2014.
- How does Panama rank for external balance on goods and services?
- Panama ranks 48th out of 192 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 263.4%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.