Interest payments in Panama
Panama: Interest payments was 2.69 billion current LCU in 2024. ▲ Rising
Interest payments in Panama, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, interest payments in Panama stood at 2.69 billion current LCU. That is the highest value across all 11 years on record.
The figure is up 25.9% on the previous year and up 192.0% over ten years.
Over the whole period, interest payments in Panama peaked at 2.69 billion current LCU in 2024 and was at its lowest, 922.50 million current LCU, in 2014.
Panama ranks 105th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Interest payments in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | 922.50 million current LCU | — |
| 2015 | 997.98 million current LCU | +8.2% |
| 2016 | 1.03 billion current LCU | +3.3% |
| 2017 | 1.08 billion current LCU | +5.0% |
| 2018 | 1.16 billion current LCU | +6.8% |
| 2019 | 1.26 billion current LCU | +9.3% |
| 2020 | 1.42 billion current LCU | +11.9% |
| 2021 | 1.54 billion current LCU | +9.1% |
| 2022 | 1.32 billion current LCU | -14.2% |
| 2023 | 2.14 billion current LCU | +61.7% |
| 2024 | 2.69 billion current LCU | +25.9% |
Panama compared with similar countries
- Panama's 2.69 billion current LCU is below the median for high income countries, which is 6.90 billion current LCU, 39% of the median. (55 countries reporting)
- Panama's 2.69 billion current LCU is below the median for Latin America & Caribbean, which is 12.21 billion current LCU, 22% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.08 billion current LCU | 922.50 million current LCU | 1.26 billion current LCU | 6 |
| 2020s | 1.82 billion current LCU | 1.32 billion current LCU | 2.69 billion current LCU | 5 |
Countries ranked near Panama
- 102 Belarus 3.31 billion current LCU compare
- 103 Sudan 2.97 billion current LCU
- 104 Papua New Guinea 2.95 billion current LCU compare
- 106 Botswana 2.55 billion current LCU compare
- 107 United Arab Emirates 2.31 billion current LCU compare
- 108 Bolivia 2.14 billion current LCU
More public sector data for Panama
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Panama?
- Interest payments in Panama was 2.69 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Panama?
- The highest recorded value was 2.69 billion current LCU in 2024.
- What is the lowest interest payments recorded in Panama?
- The lowest recorded value was 922.50 million current LCU in 2014.
- How does Panama rank for interest payments?
- Panama ranks 105th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Panama?
- Over the last ten years it is up 192.0%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.