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MacroPanama

Government debt in Panama

How indebted is the state my taxes would go to?

Panama's government debt is 56.60 % — #66 of 125 countries on the atlas (lower is better). Period 2025.

56.60%

Checked 24 Oct 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.6 years' worth of the country's entire economic output.

Government debt in Panama over time

88.70 %59.75 %30.80 %88.70 % · 199430.80 % · 20131994: 88.70 %1995: 86.70 %1996: 73.60 %1997: 67.30 %1998: 64.30 %1999: 60.40 %2000: 58.00 %2001: 62.10 %2002: 60.90 %2003: 59.90 %2004: 61.50 %2005: 61.50 %2006: 56.10 %2007: 48.20 %2008: 40.60 %2009: 39.50 %2010: 38.50 %2011: 35.90 %2012: 31.30 %2013: 30.80 %2014: 32.90 %2015: 34.10 %2016: 34.00 %2017: 34.30 %2018: 36.30 %2019: 42.50 %2020: 62.40 %2021: 58.00 %2022: 56.20 %2023: 54.40 %2024: 57.80 %2025: 56.60 %19942009202556.60 %
32 official observations, 1994 → 2025. Every point is a published value — never interpolated.
Rank
#66 of 125
lower is better
Ranked behind
47 %
59 of 125 countries
Latest move
▼ 1.20 pp
since 2024
Below its peak
32.10 pp
peak 88.70 % in 1994
Full series
▼ 32.10 pp
since 1994

In Americas: #10 of 26vs median 54.70 %: +1.90 pp (worse)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Panama: ahead of 47 % of the 125 countries with a published government debtPanama 56.60 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Panama is ahead of 47 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Panama
64 Cyprus55.00 %−1.60 pp
65 Croatia56.30 %−0.30 pp
66 Panama56.60 %—
67 Dominican Republic59.00 %+2.40 pp
68 Philippines59.10 %+2.50 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Panama

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Panama with another country →Everything about Panama →
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