Net incurrence of liabilities, total (% of GDP) in Panama
Panama: Net incurrence of liabilities, total (% of GDP) was 9.0% in 2024. ▼ Falling
Net incurrence of liabilities, total in Panama, 2019–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Panama is 9.0%, measured in 2024.
The figure is up 191.8% on the previous year and up 0.8% over ten years.
That places Panama 13th out of 136 countries with data for 2024, putting it in the top 10%.
Net incurrence of liabilities, total (% of GDP) in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2019 | 9.0% | — |
| 2020 | 10.6% | +17.8% |
| 2021 | 4.6% | -56.5% |
| 2022 | 4.5% | -1.7% |
| 2023 | 3.1% | -31.4% |
| 2024 | 9.0% | +191.8% |
Panama compared with similar countries
- Panama's 9.0% is above the median for high income countries, which is 3.5%, 2.6× the median. (41 countries reporting)
- Panama's 9.0% is above the median for Latin America & Caribbean, which is 2.7%, 3.3× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.0% | 9.0% | 9.0% | 1 |
| 2020s | 6.4% | 3.1% | 10.6% | 5 |
Countries ranked near Panama
- 10 Guinea-Bissau 9.5% compare
- 11 Senegal 9.4% compare
- 12 Cape Verde 9.3%
- 14 Singapore 8.7% compare
- 15 Bahrain 8.5%
- 16 Italy 8.0%
More public sector data for Panama
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Arms imports (SIPRI trend indicator values), per capita 0.832 SIPRI trend indicator values per person (1989)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (1989)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.3 % change on previous year (1989)
Frequently asked questions
- What is net incurrence of liabilities, total in Panama?
- Net incurrence of liabilities, total in Panama was 9.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Panama?
- The highest recorded value was 10.6% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Panama?
- The lowest recorded value was 3.1% in 2023.
- How does Panama rank for net incurrence of liabilities, total?
- Panama ranks 13th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Panama?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is falling.
- 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.