Panama Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
Panama's budget deficit stood at -3.99% in 2025, a rise of +3.43% from 2024. The IMF projects -3.99% by 2025. Panama ranked 127th globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.50% | - | - |
| 2029* IMF | -1.99% | - | - |
| 2028* IMF | -2.49% | - | - |
| 2027* IMF | -2.99% | - | - |
| 2026* IMF | -3.49% | - | - |
| 2025* IMF | -3.99% | - | - |
| 2025 | -3.99% | +3.43% | #127 |
| 2024 | -7.42% | −3.51% | #21 |
| 2023 | -3.90% | +0.08% | #69 |
| 2022 | -3.98% | +2.50% | #73 |
| 2021 | -6.48% | +3.73% | #48 |
| 2020 | -10.20% | −7.31% | #32 |
| 2019 | -2.89% | −0.01% | #71 |
| 2018 | -2.88% | −0.96% | #62 |
| 2017 | -1.92% | −0.04% | #105 |
| 2016 | -1.89% | +0.41% | #112 |
| 2015 | -2.30% | +0.92% | #113 |
| 2014 | -3.21% | −0.83% | #76 |
| 2013 | -2.38% | −1.07% | #95 |
| 2012 | -1.31% | +0.64% | #119 |
| 2011 | -1.96% | −0.28% | #112 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's budget deficit was -3.99% in 2025. Ranked 127th globally. This represents a 46.2% increase from the previous year.
Panama's budget deficit peaked at 3.12% in 2007.
The lowest budget deficit in Panama was -10.20% in 2020.
Panama ranks 127th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Panama's budget deficit is projected to reach -3.99% by 2025 based on IMF projection.
The budget deficit of Panama in 2025 was -3.99%. This ranks 127th in the world.
Cite this page
@misc{historysaid_panama_budget-deficit,
title = {Panama Budget Deficit},
url = {https://historysaid.com/panama/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}