Panama Government Debt To GDP

Panama recorded a Government Debt to GDP of 35.90 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Panama is reported by the World Bank. From 1991 until 2012, Panama Government Debt To GDP averaged 66.2 Percent reaching an all time high of 115.8 Percent in December of 1991 and a record low of 35.9 Percent in December of 2012. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Panama Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
35.90 37.83 115.75 35.90 34.20 | 2013/12 1991 - 2012 Percent Yearly

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Panama Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 35.90 2012-12-31 37.83 115.75 35.90 34.20 2013-12-31 Percent [+]
Government Budget -4.40 2013-12-31 -2.90 3.45 -4.87 -5.07 2014-06-30 Percent of GDP [+]
Credit Rating 60.00 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Panama Unemployment Rate at 4.10 Percent  
Unemployment Rate in Panama increased to 4.10 percent in 2013 from 4 percent in 2012. Unemployment Rate in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama GDP Annual Growth Rate at 8.40 Percent  
The Gross Domestic Product (GDP) in Panama expanded 8.40 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Panama is reported by the INCE, Panama.
Panama Inflation Rate at 3.30 Percent  
The inflation rate in Panama was recorded at 3.30 percent in March of 2014. Inflation Rate in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Current Account at -1001.60 PAB Million  
Panama recorded a Current Account deficit of 1001.60 PAB Million in the fourth quarter of 2013. Current Account in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Interest Rate at 1.00 Percent  
The benchmark interest rate in Panama was last recorded at 1 percent.
Panama Imports at 5724.60 PAB Million  
Imports in Panama decreased to 5724.60 PAB Million in the fourth quarter of 2013 from 6445.50 PAB Million in the third quarter of 2013. Imports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Exports at 3733.90 PAB Million  
Exports in Panama decreased to 3733.90 PAB Million in the fourth quarter of 2013 from 4149.70 PAB Million in the third quarter of 2013. Exports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Balance of Trade at -1990.70 PAB Million  
Panama recorded a trade deficit of 1990.70 PAB Million in the fourth quarter of 2013. Balance of Trade in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Panama stands at 25 percent. Corporate Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
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