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Panama · Government & public finance

Public debt, deficits, revenue, spending and taxation.

18 indicators · 12 with data

Debt

Gross debt / GDP

% of GDP

52nd of 94 · 7th in Latin America
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Gross debt / GDPPanama's gross debt / gdp fell from 73.6 % in 1996 to 56.6 % in 2025.2000200520102015202020250%20%40%60%80%56.6 %

Panama's gross debt / gdp fell from 73.6 % in 1996 to 56.6 % in 2025.

Interest payments (% of revenue)

% of revenue

85th of 87 · 13th in Latin America
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Interest payments (% of revenue)Panama's interest payments (% of revenue) rose from 13.5 % in 2014 to 28.9 % in 2024.2014201620182020202220240%10%20%30%28.9 %

Panama's interest payments (% of revenue) rose from 13.5 % in 2014 to 28.9 % in 2024.

Balance

Fiscal balance

% of GDP

62nd of 97 · 16th in Latin America
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Fiscal balancePanama's fiscal balance fell from 2.8 % in 1996 to -3.7 % in 2025.200020052010201520202025-10%-5%0%-3.7 %

Panama's fiscal balance fell from 2.8 % in 1996 to -3.7 % in 2025.

Revenue & spending

Central gov. revenue

% of GDP

85th of 89 · 14th in Latin America
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Central gov. revenuePanama's central gov. revenue fell from 13.2 % in 2014 to 10.7 % in 2024.20142016201820202022202411%12%13%14%10.7 %

Panama's central gov. revenue fell from 13.2 % in 2014 to 10.7 % in 2024.

Central gov. expense

% of GDP

101st of 125 · 14th in Latin America*
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Central gov. expensePanama's central gov. expense rose from 12.9 % in 2014 to 17.1 % in 2021.2014201520162017201820192020202112%14%16%18%20%17.1 %

Panama's central gov. expense rose from 12.9 % in 2014 to 17.1 % in 2021.

Gov. revenue

% of GDP

80th of 97 · 19th in Latin America
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Gov. revenuePanama's gov. revenue fell from 27.1 % in 1996 to 17.3 % in 2025.20002005201020152020202516%18%20%22%24%26%28%17.3 %

Panama's gov. revenue fell from 27.1 % in 1996 to 17.3 % in 2025.

Gov. expenditure

% of GDP

77th of 97 · 17th in Latin America
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Gov. expenditurePanama's gov. expenditure fell from 24.3 % in 1996 to 20.9 % in 2025.20002005201020152020202520%22%24%26%28%20.9 %

Panama's gov. expenditure fell from 24.3 % in 1996 to 20.9 % in 2025.

Tax revenue

% of GDP

87th of 91 · 14th in Latin America
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Tax revenuePanama's tax revenue fell from 10.0 % in 2014 to 7.2 % in 2024.2014201620182020202220247%8%9%10%7.2 %

Panama's tax revenue fell from 10.0 % in 2014 to 7.2 % in 2024.

Military spending

% of GDP

113th of 140 · 11th in Latin America*
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Military spendingPanama's military spending fell from 1.8 % in 1987 to 1.0 % in 1999.1988199019921994199619980%0.5%1%2%2%3%1.0 %

Panama's military spending fell from 1.8 % in 1987 to 1.0 % in 1999.

Defence

Military expenditure (current US$)

current US$

148th of 151 · 21st in Latin America
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Military expenditure (current US$)Panama's military expenditure (current us$) fell from US$96.6M in 1995 to US$0 in 2024.199520002005201020152020US$0US$20MUS$40MUS$60MUS$80MUS$100MUS$120MUS$0

Panama's military expenditure (current us$) fell from US$96.6M in 1995 to US$0 in 2024.

Spending

Health spending

% of GDP

56th of 192 · 8th in Latin America
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Health spendingPanama's health spending rose from 7.0 % in 2000 to 8.3 % in 2023.200020052010201520206%8%10%8.3 %

Panama's health spending rose from 7.0 % in 2000 to 8.3 % in 2023.

Education spending

% of GDP

97th of 121 · 30th in Latin America
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Education spendingPanama's education spending fell from 3.5 % in 1980 to 2.5 % in 2023.198019902000201020202%3%4%5%2.5 %

Panama's education spending fell from 3.5 % in 1980 to 2.5 % in 2023.

›No data available (6)

These indicators exist in the registry but no source reports a value for Panama.

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