Panama: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Panama

Fiscal balance, percent of GDP

 Latest value -3.93
 Year 2022
 Measure percent
 Data availability 2009 - 2022
 Average -3.17
 Min - Max -10.23 - -0.9
 Source Ministry of Economy and Finance (MEF - Panama)
For that indicator, we provide data for Panama from 2009 to 2022. The average value for Panama during that period was -3.17 percent with a minimum of -10.23 percent in 2020 and a maximum of -0.9 percent in 2009. The latest value from 2022 is -3.93 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Panama - Fiscal balance, percent of GDP - recent values

Historical chart
Panama - Fiscal balance, percent of GDP - historical chart - 2009-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 11.42 2017 percent
 Government spending, in dollars 7.10 2017 billion U.S. dollars
 Fiscal balance, percent of GDP -3.93 2022 percent
 Government debt 57.86 2022 percent
 Tax revenue 7.46 2021 percent
 Commercial tax rate 37.20 2019 percent
 Tax preparation time 408 2019 hours
 Number of taxes 36 2019 taxes
 Taxes on goods and services 33.26 2021 percent
 Taxes on international trade 3.79 2021 percent
 Income and profits taxes 29.06 2021 percent
 Foreign aid 90.51 2021 million U.S. dollars
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