Panama—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #106 of 192Updated July 2026
Latest Value
-3.0%
2027
YoY Change
+14.3%
2026 → 2027
Global Rank
#106
of 192 countries
Maximum
3.1%
2007
Minimum
-10.2%
2020
Last
-3.0%
Previous
-3.5%
Highest
3.1%
Lowest
-10.2%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Panama's fiscal balance (% of GDP) was -3.5% in 2026, ranking #106 out of 192 countries. This represents a +14.3% change from 2026. Over the past 27 years, the highest recorded value was 3.1% (2007) and the lowest was -10.2% (2020). The IMF WEO projects -3.0% by 2027. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | -3.0% | +14.3% |
| 2026 | -3.5% | +12.5% |
| 2025 | -4.0% | +45.9% |
| 2024 | -7.4% | -89.7% |
| 2023 | -3.9% | +2.5% |
| 2022 | -4.0% | +38.5% |
| 2021 | -6.5% | +36.3% |
| 2020 | -10.2% | -251.7% |
| 2019 | -2.9% | +0.0% |
| 2018 | -2.9% | -52.6% |
| 2017 | -1.9% | +0.0% |
| 2016 | -1.9% | +17.4% |
| 2015 | -2.3% | +28.1% |
| 2014 | -3.2% | -33.3% |
| 2013 | -2.4% | -84.6% |
| 2012 | -1.3% | +35.0% |
| 2011 | -2.0% | -17.6% |
| 2010 | -1.7% | -88.9% |
| 2009 | -0.9% | -325.0% |
| 2008 | 0.4% | -87.1% |
| 2007 | 3.1% | +520.0% |
| 2006 | 0.5% | +122.7% |
| 2005 | -2.2% | +48.8% |
| 2004 | -4.3% | -87.0% |
| 2003 | -2.3% | -130.0% |
| 2002 | -1.0% | -150.0% |
| 2001 | -0.4% | -120.0% |
| 2000 | 2.0% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -3.5% | +12.5% |
| 2027Forecast | -3.0% | +14.3% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Nauru | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Macao SAR, China | 4.2% | 2026 |
| 7 | Lesotho | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP