Panama: Adjusted savings, net national savings (% of GNI)

Key figures

What the numbers say

In 2021, Panama's adjusted savings, net national savings (% of GNI) rose 2.18 percentage points on 2020 (from 16.74% to 18.92%).

Across the 30 yearly changes before that (1991 to 2020), the average change was +0.28 percentage points and a typical year strayed about 3.44 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 14.29 percentage points in 1990 and the biggest yearly fall was 13.95 percentage points in 1989. 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 the straight-line trend is downward, about 0.96 percentage points a year. A straight line explains 66% of the movement over 10 observed years.

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 27th highest value of the 132 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

• Cambodia — 23rd of 132: 19.44%
• Uzbekistan — 24th of 132: 19.43%
• Morocco — 25th of 132: 19.13%
• China — 27th of 132: 18.77%
• India — 28th of 132: 18.57%
• Ethiopia — 29th of 132: 17.84%

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 45 values

Adjusted savings, net national savings (% of GNI) in nearby economies

• Antigua and Barbuda — 2.99% (2020)
• Argentina — 10.34% (2021)
• Aruba — 3.21% (2021)
• Bahamas, The — 2.17% (2021)
• Barbados — -5.82% (2017)
• Belize — 7.47% (2021)
• Bolivia — 1.73% (2021)
• Brazil — -1.02% (2021)
• Chile — 1.72% (2021)
• Colombia

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)

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Questions people ask

What is Panama's adjusted savings, net national savings (% of GNI)?

18.92% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is down 2.14 percentage points from 21.06% in 1977. The highest value was 27.42% in 2015 and the lowest -5.87% in 1989.

How does Panama rank?

27th highest of 132 economies with data for 2021.

Is the latest change in adjusted savings, net national savings (% of GNI) unusual for Panama?

In 2021, Panama's adjusted savings, net national savings (% of GNI) rose 2.18 percentage points on 2020 (from 16.74% to 18.92%). Across the 30 yearly changes before that (1991 to 2020), the average change was +0.28 percentage points and a typical year strayed about 3.44 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.GN.ZS, 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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