Atlas · Latin America · PAN
Panama
- Output · rank 77/187
- $92B
- People · rank 129/187
- 4.6M
- Land · rank 116/187
- 74K km²
- GDP per person
- $20,000
- Density
- 61.9 /km²
Government debt
63.5%gross debt, share of GDP
$58Boutstanding, rank 70 of 178
- Perimeter
- General government
- Basis
- Gross, not net
- Valuation
- Nominal
- Debt per person
- $12,696
- Net of assets
- not published
- Source
- IMF World Economic Outlook / Fiscal Monitor
What this number does not tell youThe most misread figure in public finance. Perimeter varies by country — the IMF notes its Fiscal Monitor tables use a narrower perimeter for China than its Article IV estimates, and published figures for Japan range from roughly 200% to 250% depending on perimeter and valuation, both citing the IMF. Debt in a currency the government issues is a fundamentally different instrument from debt it must earn or borrow to service; this ratio does not distinguish them.
Private-sector debt
The BIS publishes household and corporate credit for 44 economies. Panama is not among them, so no comparable private-debt figure exists.
This is a gap in global data coverage, not a value of zero.
This is a gap in global data coverage, not a value of zero.
Currency & monetary policy
A pegged or fixed regime — monetary policy is anchored to the currency it tracks, limiting independent rate-setting.
Against its region and the world
Where Panama sits relative to the Latin America average and the world average.
GDP per person (USD)
This country20,000
Region average10,882
World average14,013
Population density (per km²)
This country62
Region average33
World average64
Debt to GDP (%)
This country64
Region average68
World average95
Major banks
Largest institutions headquartered in Panama, by total assets. Assets, not market value — the two rank very differently.
| Institution | Total assets | |
|---|---|---|
| 1 | Banco General | $20B |
All figures
- Nominal GDP
- $92B
- Share of world output
- 0.08%
- Population
- 4.6M
- Share of world population
- 0.06%
- Land area
- 74,340 km²
- Share of world land
- 0.06%
- GDP per person
- $20,000
- GDP per km²
- $1,237,557
- Population density
- 61.9 /km²
- Government debt
- 63.5%
- Debt outstanding
- $58B
Closest by output in Latin America
| Uruguay | $86B | 64.1% |
| Costa Rica | $102B | 62.5% |
| Venezuela | $106B | 155.0% |
| Cuba | $64B | — |
| Guatemala | $122B | 27.6% |
Nearest neighbours by nominal output within the same region. Third column is debt to GDP.
Where these figures come from
- Nominal GDPGross domestic product at current market prices, converted to US dollars at market exchange rates. Not adjusted for purchasing power.
- IMF World Economic Outlook
2025 estimate - PopulationTotal resident population, mid-year estimate.
- UN World Population Prospects
2025 estimate - Land areaTotal land area, excluding inland water where the source reports it separately.
- UN Statistics Division
2024 - General government gross debtGross debt of the general government sector as a share of GDP. Gross means government-held financial assets are not netted off.
- IMF World Economic Outlook / Fiscal Monitor
2025–26 estimate - Bank total assetsTotal assets for the most recent reporting period: cash, loans, investments, property and equipment.
- S&P Global Market Intelligence
2026 ranking - Net government debtGovernment debt net of its financial assets, as a share of GDP.
- IMF Fiscal Monitor
2025–26 estimate - Household debtCredit to households and non-profits serving them, as a share of GDP.
- BIS credit statistics
2024–25 - Corporate debtCredit to non-financial corporations, as a share of GDP.
- BIS credit statistics
2024–25 - Exchange rate regimeHow the currency is managed: free floating, floating, pegged, currency board, or no separate legal tender.
- IMF AREAER
2025 - Central bank policy rateThe main policy interest rate set by the central bank.
- Central banks / BIS
mid-2026, live - Residential house pricesYear-on-year change in residential property prices, nominal and inflation-adjusted.
- BIS / OECD residential property
latest quarter