Panama Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Panama's reserves in months of imports was 0.5 in 2025, ranked 149th globally. This represents a 77.4% decrease from 2024. Data from World Bank, covering 1977–2025.
Overview
Panama's reserves in months of imports stood at 0.5 in 2025, a decline of +1.6 from 2024. Based on recent trends, this figure is projected to reach 0.5 by 2025. Panama ranked 149th globally.
Panama's foreign exchange reserves in months of imports have fluctuated significantly over the past 49 years. The country's all-time peak of 5.47 months of imports in 2020 was a notable achievement, outpacing many of its peers, including Slovenia with 0.59 months of imports. Conversely, Panama's all-time trough of 0.12 months of imports in 1982 was a low point that few countries, including Djibouti with 0.46 months of imports, have matched. Currently, Panama's reserves stand at 0.47 months of imports, placing it at #149 globally. This relatively low figure is a concern, especially when compared to Zimbabwe's 0.48 months of imports. The trend has been downward since 2020, and a sustained economic recovery, coupled with a stable exchange rate, would be necessary to reverse this trajectory.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -1.2 | - | - |
| 2026* trend | -0.4 | - | - |
| 2025* trend | 0.5 | - | - |
| 2025 | 0.5 | −1.6 | #149 |
| 2024 | 2.1 | +0.2 | #97 |
| 2023 | 1.8 | −0.3 | #122 |
| 2022 | 2.2 | −1.4 | #118 |
| 2021 | 3.6 | −1.9 | #114 |
| 2020 | 5.5 | +4.3 | #85 |
| 2019 | 1.2 | +0.5 | #146 |
| 2018 | 0.7 | −0.3 | #151 |
| 2017 | 1.0 | −0.5 | #152 |
| 2016 | 1.5 | +0.2 | #145 |
| 2015 | 1.2 | −0.1 | #150 |
| 2014 | 1.3 | +0.4 | #147 |
| 2013 | 0.9 | +0.1 | #155 |
| 2012 | 0.8 | −0.0 | #156 |
| 2011 | 0.8 | −0.5 | #154 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's reserves in months of imports was 0.5 in 2025. Ranked 149th globally. This represents a 77.4% decrease from the previous year.
Panama's reserves in months of imports peaked at 5.5 in 2020.
The lowest reserves in months of imports in Panama was 0.1 in 1982.
Panama ranks 149th globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Panama's reserves in months of imports is projected to reach 0.5 by 2025 based on trend extrapolation.
The reserves in months of imports of Panama in 2025 was 0.5. This ranks 149th in the world.
Cite this page
@misc{historysaid_panama_reserves-months-imports,
title = {Panama Reserves in Months of Imports},
url = {https://historysaid.com/panama/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}