Panama Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Panama's foreign reserves was $5.5B in 2025, ranked 94th globally. This represents a 19.6% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Panama's foreign reserves stood at $5.5B in 2025, a decline of +$1.3B from 2024. Based on recent trends, this figure is projected to reach $5.5B by 2025. Panama ranked 94th globally.
Panama's foreign reserves have displayed considerable fluctuations over the past 66 years, with the earliest recorded value standing at $7,430,000 in 1960 and a trough of $4,730,000 in 1962. Conversely, the all-time peak of $9,613,847,648.57 was reached in 2020, positioning Panama at the forefront of regional economies. Currently, the country's foreign reserves stand at $5,509,197,233.80, ranking 94th globally. A comparison with peer countries reveals Panama's reserves to be closely aligned with those of Jamaica, which holds $5,582,185,739.79, and Trinidad and Tobago, with $5,505,729,536.41. The significant increase in foreign reserves over the past decade can be attributed to the country's economic growth and strategic investments. However, a decline in global economic stability or a reduction in foreign investment could potentially alter Panama's trajectory, necessitating a reevaluation of its foreign reserve management strategies to maintain its position among regional economic leaders.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $4.0B | - | - |
| 2026* trend | $4.7B | - | - |
| 2025* trend | $5.5B | - | - |
| 2025 | $5.5B | −$1.3B | #94 |
| 2024 | $6.9B | +$98.8M | #81 |
| 2023 | $6.8B | −$119.4M | #84 |
| 2022 | $6.9B | −$2.0B | #86 |
| 2021 | $8.8B | −$781.6M | #81 |
| 2020 | $9.6B | +$6.2B | #75 |
| 2019 | $3.4B | +$1.3B | #104 |
| 2018 | $2.1B | −$582.0M | #115 |
| 2017 | $2.7B | −$1.1B | #108 |
| 2016 | $3.8B | +$468.7M | #91 |
| 2015 | $3.4B | −$654.1M | #94 |
| 2014 | $4.0B | +$1.2B | #93 |
| 2013 | $2.8B | +$381.7M | #104 |
| 2012 | $2.5B | +$162.5M | #110 |
| 2011 | $2.3B | −$410.7M | #109 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's foreign reserves was $5.5B in 2025. Ranked 94th globally. This represents a 19.6% decrease from the previous year.
Panama's foreign reserves peaked at $9.6B in 2020.
The lowest foreign reserves in Panama was $4.7M in 1962.
Panama ranks 94th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Panama's foreign reserves is projected to reach $5.5B by 2025 based on trend extrapolation.
Panama's foreign reserves was approximately 5.51 billion ($5.5B) in 2025.
The foreign reserves of Panama in 2025 was $5.5B. This ranks 94th in the world.
Cite this page
@misc{historysaid_panama_reserves,
title = {Panama Foreign Reserves},
url = {https://historysaid.com/panama/reserves/},
publisher = {HistorySaid},
year = {2026}
}