Panama: Fiscal balance, percent of GDP

The latest value from 2023 is -2.95 percent, an increase from -3.98 percent in 2022. In comparison, the world average is -2.82 percent, based on data from 143 countries. Historically, the average for Panama from 2009 to 2023 is -3.16 percent. The minimum value, -10.23 percent, was reached in 2020 while the maximum of -0.9 percent was recorded in 2009. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.