Panama recorded a Government Budget deficit equal to 3.74 percent of the country's Gross Domestic Product in 2023. Government Budget in Panama averaged -2.40 percent of GDP from 1993 until 2023, reaching an all time high of 1.20 percent of GDP in 2007 and a record low of -9.13 percent of GDP in 2020. source: Ministry of Finance, Panama




Related Last Previous Unit Reference
Credit Rating 53.00 Jan 2025
Government Budget -3.74 -4.11 percent of GDP Dec 2023
Government Debt to GDP 52.39 53.68 percent of GDP Dec 2023
Holidays
Military Expenditure 0.00 0.00 USD Million Dec 2023

Panama Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.74 -4.11 1.20 -9.13 1993 - 2023 percent of GDP Yearly