Panama's net foreign assets (current LCU) was 8.29 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 69.12% from 4.9 billion in 2015 (5.39% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.29 billion | 2025 |
| Five years earlier | 10.35 billion | 2020 |
| Ten years earlier | 4.9 billion | 2015 |
| Highest | 10.35 billion | 2020 |
| Lowest | -1.01 billion | 1988 |
| Average since 2016 | 5.42 billion | 2016–2025 |
| First recorded | -3.5 million |
What the numbers say
In 2025, Panama's net foreign assets (current LCU) rose 2.23 billion on 2024 (from 6.06 billion to 8.29 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +136.38 million and a typical year strayed about 1.8 billion from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 6.82 billion in 2020 and the biggest yearly fall was 2.77 billion in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 569.24 million a year. A straight line explains 35% 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 2025, Panama had the 85th highest value of the 106 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 2025 ranking
- Eswatini — 81st of 106: 10.79 billion
- Tunisia — 82nd of 106: 9.28 billion
- Maldives — 83rd of 106: 8.47 billion
- Solomon Islands — 85th of 106: 7.17 billion
- El Salvador — 86th of 106: 3.9 billion
- Fiji — 87th of 106: 3.45 billion
What this measures
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 66 values
| Year | Net foreign assets (current LCU) |
|---|---|
| 2025 | 8,293,369,679 |
| 2024 | 6,062,656,059 |
| 2023 | 5,606,416,177 |
| 2022 | 5,311,968,246 |
| 2021 | 8,079,664,103 |
| 2020 | 10,348,156,317 |
| 2019 | 3,528,686,839 |
| 2018 | 1,062,631,045 |
| 2017 | 2,066,940,662 |
| 2016 | 3,831,770,940 |
| 2015 |
Net foreign assets (current LCU) in nearby economies
- Antigua and Barbuda — 2.72 billion (2025)
- Argentina — 28.45 trillion (2025)
- Aruba — 3.06 billion (2023)
- Bahamas, The — 2.97 billion (2024)
- Barbados — 2.26 billion (2023)
- Belize — 1.64 billion (2025)
- Bolivia — 25.97 billion (2025)
- Brazil — 1.26 trillion (2025)
- Chile — 29.13 trillion (2025)
- Colombia — 241.28 trillion (2025)
- Costa Rica
More financial sector data for Panama
- Domestic credit to private sector by banks (% of GDP) — 66.84% (2025)
- Net domestic credit (current LCU) — 66.25 billion (2025)
- Monetary sector credit to private sector (% of GDP) — 73.56% (2025)
- Consumer price index (2010 = 100) — 128.14 (2025)
- Inflation, consumer prices (annual % growth) — -0.19% (2025)
- Claims on central government, etc. (% of GDP) — -1.17% (2025)
- GDP deflator (base year varies by country) — 106.74 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1 (2025)
- Official exchange rate (LCU per US$, period average) — US$1 (2025)
Reading data like this
Questions people ask
- What is Panama's net foreign assets (current LCU)?
- 8.29 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 237,053% from -3.5 million in 1960. The highest value was 10.35 billion in 2020 and the lowest -1.01 billion in 1988.
- How does Panama rank?
- 85th highest of 106 economies with data for 2025.
- Is the latest change in net foreign assets (current LCU) unusual for Panama?
- In 2025, Panama's net foreign assets (current LCU) rose 2.23 billion on 2024 (from 6.06 billion to 8.29 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +136.38 million and a typical year strayed about 1.8 billion from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator FM.AST.NFRG.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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