Budget balance — all countries

Budget balance — Panama

Budget balance in Panama in 2031 — -1.4%. Ranked 62 in the world out of 188. Since 1994, the indicator has fallen by 3.8 pp.

2031 -1.4% +0.1 pp vs 2030
World rank 62of 188
Period maximum 3.2%2007
Period minimum -9.7%2020

Trend over time

1994–2031 · % of GDP

Budget balance — Panama, 1994–2031-10-50519941998200220062010201420182022202620301994: 2.4%1995: 2.6%1996: 2.8%1997: 1.4%1998: -1.2%1999: -0.7%2000: 2.2%2001: -0.4%2002: -1%2003: -2.4%2004: -4.5%2005: -2.3%2006: 0.5%2007: 3.2%2008: 0.4%2009: -0.9%2010: -1.7%2011: -2%2012: -1.3%2013: -2.4%2014: -3%2015: -2.2%2016: -1.8%2017: -1.8%2018: -2.8%2019: -2.7%2020: -9.7%2021: -6.4%2022: -4%2023: -3.9%2024: -6.2%2025: -3.7%2026: -3.4%2027: -3%2028: -2.5%2029: -2%2030: -1.5%2031: -1.4%
Change over the period: −3.8 pp Annual average: -0.1 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Panama

Panama -1.4%
World computed -4.85%
Latin America & Caribbean computed -3.31%
Central America computed -2.75%
High-income countries computed -4.26%
Budget balance — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2031 -1.4 +0.1 pp
2030 -1.5 +0.5 pp
2029 -2 +0.5 pp
2028 -2.5 +0.5 pp
2027 -3 +0.4 pp
2026 -3.4 +0.3 pp
2025 -3.7 +2.5 pp
2024 -6.2 −2.3 pp
2023 -3.9 +0.1 pp
2022 -4 +2.4 pp
2021 -6.4 +3.3 pp
2020 -9.7 −7 pp
2019 -2.7 +0.1 pp
2018 -2.8 −1 pp
2017 -1.8 +0 pp
2016 -1.8 +0.4 pp
2015 -2.2 +0.8 pp
2014 -3 −0.6 pp
2013 -2.4 −1.1 pp
2012 -1.3 +0.7 pp
2011 -2 −0.3 pp
2010 -1.7 −0.8 pp
2009 -0.9 −1.3 pp
2008 0.4 −2.8 pp
2007 3.2 +2.7 pp
2006 0.5 +2.8 pp
2005 -2.3 +2.2 pp
2004 -4.5 −2.1 pp
2003 -2.4 −1.4 pp
2002 -1 −0.6 pp
2001 -0.4 −2.6 pp
2000 2.2 +2.9 pp
1999 -0.7 +0.5 pp
1998 -1.2 −2.6 pp
1997 1.4 −1.4 pp
1996 2.8 +0.2 pp
1995 2.6 +0.2 pp
1994 2.4

Central America, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.