Panama's adjusted savings, mineral depletion (current US$) was US$789.54 million in 2021, the latest year in the World Bank's World Development Indicators. That is up 2,016% from US$37.32 million in 2011 (35.69% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$789.54 million | 2021 |
| Five years earlier | US$4.13 million | 2016 |
| Ten years earlier | US$37.32 million | 2011 |
| Highest | US$789.54 million | 2021 |
| Lowest | US$0 | 1970 |
| Average since 2012 | US$106.32 million | 2012–2021 |
| First recorded | US$0 |
What the numbers say
In 2021, Panama's adjusted savings, mineral depletion (current US$) rose US$712.13 million on 2020 (from US$77.41 million to US$789.54 million).
Across the 30 yearly changes before that (1991 to 2020), the average change was +US$2.58 million and a typical year strayed about US$14.93 million from that (the standard deviation). This year's change was 47.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$712.13 million in 2021 and the biggest yearly fall was US$18.15 million in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 30% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Panama had the 38th highest value of the 216 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Panama in the 2021 ranking
- Poland — 34th of 216: US$1.13 billion
- New Caledonia — 35th of 216: US$893.48 million
- Zimbabwe — 36th of 216: US$850.71 million
- Saudi Arabia — 38th of 216: US$757.81 million
- Kyrgyz Republic — 39th of 216: US$723.69 million
- Mauritania — 40th of 216: US$651.41 million
What this measures
Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 52 values
| Year | Adjusted savings, mineral depletion (current US$) |
|---|---|
| 2021 | 789,543,828 |
| 2020 | 77,409,924 |
| 2019 | 72,059,241 |
| 2018 | 0 |
| 2017 | 3,714,900 |
| 2016 | 4,130,942 |
| 2015 | 12,472,111 |
| 2014 | 27,372,808 |
| 2013 | 29,164,089 |
| 2012 | 47,315,777 |
| 2011 |
Adjusted savings, mineral depletion (current US$) in nearby economies
- Antigua and Barbuda — US$0 (2021)
- Argentina — US$2.18 billion (2021)
- Aruba — US$0 (2021)
- Bahamas, The — US$0 (2021)
- Barbados — US$0 (2021)
- Belize — US$0 (2021)
- Bolivia — US$1.83 billion (2021)
- Brazil — US$23.22 billion (2021)
- British Virgin Islands — US$0 (2021)
- Cayman Islands
More economic policy & debt data for Panama
- Total reserves, including gold (current US$) — US$6.24 billion (2025)
- Total reserves, excluding gold (current US$) — US$6.24 billion (2025)
- Gross Value Added (GVA) at basic prices (current US$) — US$88.24 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 88.24 billion (2025)
- GDP (current US$) — US$90.46 billion (2025)
- GDP (current LCU) — 90.46 billion (2025)
- GDP (constant 2015 US$) — US$80.68 billion (2025)
- GDP (constant LCU) — 84.75 billion (2025)
- GDP per capita (current US$) — US$19,790 (2025)
- GDP per capita (current LCU) — 19,790 (2025)
Reading data like this
Questions people ask
- What is Panama's adjusted savings, mineral depletion (current US$)?
- US$789.54 million in 2021, according to the World Bank (World Development Indicators).
- How does Panama rank?
- 38th highest of 216 economies with data for 2021.
- Is the latest change in adjusted savings, mineral depletion (current US$) unusual for Panama?
- In 2021, Panama's adjusted savings, mineral depletion (current US$) rose US$712.13 million on 2020 (from US$77.41 million to US$789.54 million). Across the 30 yearly changes before that (1991 to 2020), the average change was +US$2.58 million and a typical year strayed about US$14.93 million from that (the standard deviation). This year's change was 47.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NY.ADJ.DMIN.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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