Panama ranked 77/197 by economy size with a GDP of $86.3B and 61/197 by GDP per capita at $19,103. Panama has $48.8B in government debt, with a debt-to-GDP ratio of 58.1%.
In 2025, Panama made up 0.08% of the world's economy, compared to 0.04% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $537,147,100 | $3,163,056,542 | - |
| 1961 | $599,026,300 | $3,508,670,914 | 11.5% |
| 1962 | $652,120,900 | $3,797,951,597 | 8.86% |
| 1963 | $722,784,500 | $4,122,250,662 | 10.8% |
| 1964 | $776,137,500 | $4,304,954,186 | 7.38% |
| 1965 | $852,485,300 | $4,699,289,550 | 9.84% |
| 1966 | $928,833,000 | $5,055,561,577 | 8.96% |
| 1967 | $1,034,376,400 | $5,487,960,279 | 11.4% |
| 1968 | $1,112,791,100 | $5,870,876,596 | 7.58% |
| 1969 | $1,221,305,700 | $6,366,460,137 | 9.75% |
| 1970 | $1,351,006,400 | $6,809,516,493 | 10.6% |
| 1971 | $1,523,917,200 | $7,464,328,967 | 12.8% |
| 1972 | $1,673,411,700 | $7,806,405,169 | 9.81% |
| 1973 | $1,913,793,400 | $8,225,164,958 | 14.4% |
| 1974 | $2,188,307,600 | $8,426,543,281 | 14.3% |
| 1975 | $2,435,304,100 | $8,573,242,611 | 11.3% |
| 1976 | $2,588,106,000 | $8,715,940,922 | 6.27% |
| 1977 | $2,738,261,900 | $8,811,295,572 | 5.8% |
| 1978 | $3,244,558,600 | $9,674,154,373 | 18.5% |
| 1979 | $3,704,551,600 | $10,110,918,361 | 14.2% |
| 1980 | $4,614,086,400 | $11,433,879,627 | 24.6% |
| 1981 | $5,222,421,500 | $12,486,575,137 | 13.2% |
| 1982 | $5,769,767,900 | $13,154,414,169 | 10.5% |
| 1983 | $5,923,755,900 | $12,563,601,501 | 2.67% |
| 1984 | $6,183,387,100 | $12,904,008,989 | 4.38% |
| 1985 | $6,541,517,100 | $13,541,755,263 | 5.79% |
| 1986 | $6,797,834,200 | $14,024,896,413 | 3.92% |
| 1987 | $6,827,665,300 | $13,771,178,256 | 0.44% |
| 1988 | $5,902,783,400 | $11,928,616,118 | -13.5% |
| 1989 | $5,918,469,800 | $12,114,970,567 | 0.27% |
| 1990 | $6,433,967,000 | $13,096,161,186 | 8.71% |
| 1991 | $7,074,675,500 | $14,329,689,364 | 9.96% |
| 1992 | $8,042,337,700 | $15,504,964,654 | 13.7% |
| 1993 | $8,782,585,400 | $16,350,875,888 | 9.2% |
| 1994 | $9,365,289,800 | $16,816,899,903 | 6.63% |
| 1995 | $9,573,813,700 | $17,111,477,972 | 2.23% |
| 1996 | $9,197,503,300 | $16,124,998,545 | -3.93% |
| 1997 | $10,058,854,400 | $17,368,081,133 | 9.37% |
| 1998 | $11,019,557,700 | $18,824,824,096 | 9.55% |
| 1999 | $11,660,704,800 | $19,805,907,259 | 5.82% |
| 2000 | $11,966,497,000 | $20,639,538,981 | 2.62% |
| 2001 | $12,252,906,300 | $20,835,595,644 | 2.39% |
| 2002 | $12,800,851,300 | $21,358,328,178 | 4.47% |
| 2003 | $13,603,456,000 | $22,446,932,329 | 6.27% |
| 2004 | $15,100,203,400 | $24,282,115,702 | 11% |
| 2005 | $16,623,906,700 | $26,291,748,117 | 10.1% |
| 2006 | $18,659,721,500 | $28,883,388,489 | 12.2% |
| 2007 | $21,717,433,800 | $32,682,439,460 | 16.4% |
| 2008 | $25,721,328,000 | $36,015,209,193 | 18.4% |
| 2009 | $27,791,215,500 | $36,595,725,406 | 8.05% |
| 2010 | $30,231,009,500 | $38,818,327,826 | 8.78% |
| 2011 | $35,687,738,300 | $43,441,154,828 | 18.1% |
| 2012 | $41,595,439,700 | $47,623,362,287 | 16.6% |
| 2013 | $46,949,496,500 | $50,635,232,251 | 12.9% |
| 2014 | $51,427,104,900 | $52,977,523,790 | 9.54% |
| 2015 | $55,767,806,100 | $55,767,806,100 | 8.44% |
| 2016 | $59,760,858,700 | $58,317,491,836 | 7.16% |
| 2017 | $64,327,688,800 | $61,667,283,244 | 7.64% |
| 2018 | $67,316,471,200 | $64,083,529,549 | 4.65% |
| 2019 | $69,778,991,200 | $66,072,084,975 | 3.66% |
| 2020 | $57,059,846,500 | $54,297,226,766 | -18.2% |
| 2021 | $67,396,392,500 | $63,238,418,925 | 18.1% |
| 2022 | $76,276,116,700 | $70,048,985,345 | 13.2% |
| 2023 | $83,318,176,900 | $75,232,121,008 | 9.23% |
| 2024 | $86,260,400,000 | $77,385,013,513 | 3.53% |
Economic Statistics of Panama
Panama
|
Rank | |
|---|---|---|
| Gross domestic product |
$86.3B
2024 |
77/197 |
| GDP growth |
3.53%
2023-2024 |
137/196 |
| GDP per capita |
$19,103
2024 |
61/197 |
| GDP per capita, PPP |
$41,405
2024 |
55/197 |
| Government debt |
$48.8B
2024 |
75/185 |
| Debt-to-GDP ratio |
58.1%
2025 |
91/185 |
| Government debt per person |
$10,816
2024 |
55/185 |
| Average annual personal income after taxes |
$10,503
2025 |
71/197 |
| Listed domestic companies |
36
2024 |
79/103 |
| Market capitalization of domestic companies |
$18.3B
2024 |
62/100 |
| Income share by richest 10% |
37.6%
2024 |
12/169 |
| Income share by poorest 10% |
1.2%
2024 |
164/169 |
| Government expenditure, % of GDP |
21.8%
2025 |
146/195 |
| Consumer prices inflation |
0.69%
2023-2024 |
179/195 |
| Unemployment rate |
8.61%
2024 |
49/196 |
| Population |
4614993
|
128/197 |
Panama's GDP per capita
Panama has a GDP per capita of $19,103, ranking 61/197, a GDP per capita based on purchasing power parity (PPP) of $41,405, ranking 55/197, and a median annual after tax income of $10,503, ranking 71/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $477 | - |
| 1961 | $516 | - |
| 1962 | $546 | - |
| 1963 | $587 | - |
| 1964 | $611 | - |
| 1965 | $651 | - |
| 1966 | $689 | - |
| 1967 | $745 | - |
| 1968 | $778 | - |
| 1969 | $830 | - |
| 1970 | $893 | - |
| 1971 | $979 | - |
| 1972 | $1,046 | - |
| 1973 | $1,164 | - |
| 1974 | $1,296 | - |
| 1975 | $1,406 | - |
| 1976 | $1,457 | - |
| 1977 | $1,503 | - |
| 1978 | $1,738 | - |
| 1979 | $1,938 | - |
| 1980 | $2,357 | - |
| 1981 | $2,605 | - |
| 1982 | $2,811 | - |
| 1983 | $2,819 | - |
| 1984 | $2,875 | - |
| 1985 | $2,972 | - |
| 1986 | $3,019 | - |
| 1987 | $2,966 | - |
| 1988 | $2,509 | - |
| 1989 | $2,462 | - |
| 1990 | $2,620 | $5,137 |
| 1991 | $2,821 | $5,688 |
| 1992 | $3,140 | $6,165 |
| 1993 | $3,358 | $6,518 |
| 1994 | $3,508 | $6,708 |
| 1995 | $3,514 | $6,828 |
| 1996 | $3,308 | $6,421 |
| 1997 | $3,546 | $6,895 |
| 1998 | $3,808 | $7,408 |
| 1999 | $3,950 | $7,749 |
| 2000 | $3,975 | $8,097 |
| 2001 | $3,992 | $8,197 |
| 2002 | $4,091 | $8,370 |
| 2003 | $4,265 | $8,801 |
| 2004 | $4,645 | $9,592 |
| 2005 | $5,018 | $10,511 |
| 2006 | $5,529 | $11,685 |
| 2007 | $6,318 | $13,333 |
| 2008 | $7,348 | $14,705 |
| 2009 | $7,797 | $14,766 |
| 2010 | $8,331 | $15,573 |
| 2011 | $9,662 | $17,474 |
| 2012 | $11,065 | $19,473 |
| 2013 | $12,273 | $21,924 |
| 2014 | $13,213 | $24,376 |
| 2015 | $14,083 | $27,245 |
| 2016 | $14,832 | $30,277 |
| 2017 | $15,695 | $33,533 |
| 2018 | $16,151 | $32,464 |
| 2019 | $16,478 | $33,240 |
| 2020 | $13,291 | $27,017 |
| 2021 | $15,510 | $30,933 |
| 2022 | $17,332 | $36,245 |
| 2023 | $18,686 | $39,803 |
| 2024 | $19,103 | $41,405 |
Panama's government spending, deficit, and chart
This chart shows Panama's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Panama recorded a fiscal deficit in 42 years — average annual deficit equal to -3.35% of GDP. In 2024, government spending reached $19.7B (21.8% of GDP), with a deficit of -3.95%.
The national debt reached $48.8B, ranking 75th out of 185 countries by total size, with a debt-to-GDP ratio of 58.1%, ranking 91st.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1946 | 16.9% | 8.69% | -3.19% |
| 1947 | 15% | 8.68% | -1.94% |
| 1948 | 13.7% | 10.1% | -1.21% |
| 1949 | 13.3% | 10.6% | -1% |
| 1950 | 16.1% | 12.8% | -3.89% |
| 1951 | 14.7% | 13.1% | -2.54% |
| 1952 | 15.8% | 14.9% | -3.84% |
| 1953 | 14.1% | 14.1% | -0.55% |
| 1954 | 14.1% | 13.5% | -0.2% |
| 1955 | 15% | 13.3% | -1.33% |
| 1956 | 17.2% | 15.3% | -3.69% |
| 1957 | 13.5% | 14.3% | -0.89% |
| 1958 | 15.5% | 16.5% | -1.62% |
| 1959 | 16.5% | 18.8% | -3.79% |
| 1960 | 16.6% | 21% | -3.05% |
| 1961 | 18.9% | 20.5% | -5.45% |
| 1962 | 16.4% | 19.8% | -3.01% |
| 1963 | 19.1% | 22.6% | -6.71% |
| 1964 | 14.1% | 20% | -2.51% |
| 1965 | 13.2% | 18.7% | -1.17% |
| 1966 | 14% | 17.9% | -1.18% |
| 1967 | 14.9% | 17.8% | -1.97% |
| 1968 | 14.2% | 18% | -1.5% |
| 1969 | 20.5% | 23.2% | -7.56% |
| 1970 | 22.4% | 25.7% | -8.02% |
| 1971 | 15% | 26.2% | -0.51% |
| 1972 | 15.6% | 29.5% | -1.17% |
| 1973 | 14.4% | 32.6% | -0.01% |
| 1974 | 15.3% | 37.6% | -0.6% |
| 1975 | 15.3% | 52.6% | -0.74% |
| 1976 | 15.9% | 69.7% | -2.65% |
| 1977 | 16.9% | 77.7% | -1.61% |
| 1978 | 27.6% | 83.1% | -5.21% |
| 1979 | 35% | 78.9% | -12.1% |
| 1980 | 30.5% | 69.4% | -5.17% |
| 1981 | 30.7% | 68.7% | -6.77% |
| 1982 | 48% | 80.9% | -13.3% |
| 1983 | 44.6% | 86.6% | -7.62% |
| 1984 | 44% | 82.5% | -7.56% |
| 1985 | 39.7% | 82.5% | -2.57% |
| 1986 | 38.6% | 84% | -1% |
| 1987 | 40.1% | 92.2% | -1.7% |
| 1988 | 41.8% | 105% | -13.5% |
| 1989 | 43% | 104.4% | -13.6% |
| 1990 | 41.5% | 112.7% | -3.65% |
| 1991 | 20.9% | 103.7% | -0.6% |
| 1992 | 27.8% | 91.2% | -2.62% |
| 1993 | 33.8% | 83.6% | -9.4% |
| 1994 | 25.2% | 78.4% | 2.12% |
| 1995 | 25.9% | 76.7% | 2.31% |
| 1996 | 21.5% | 65% | 2.48% |
| 1997 | 22.2% | 60.2% | 1.25% |
| 1998 | 23.4% | 58.1% | -1.11% |
| 1999 | 23% | 55.1% | -0.65% |
| 2000 | 22.8% | 53.6% | 2.05% |
| 2001 | 23.4% | 57.8% | -0.42% |
| 2002 | 23.5% | 57% | -0.96% |
| 2003 | 24.2% | 56.5% | -2.27% |
| 2004 | 23.3% | 58.8% | -4.33% |
| 2005 | 22.4% | 59.3% | -2.21% |
| 2006 | 21.9% | 54.7% | 0.51% |
| 2007 | 21.8% | 47.4% | 3.12% |
| 2008 | 22.7% | 40% | 0.38% |
| 2009 | 22.7% | 39.1% | -0.9% |
| 2010 | 24.2% | 38.1% | -1.68% |
| 2011 | 23.5% | 35.6% | -1.96% |
| 2012 | 22.8% | 34% | -1.31% |
| 2013 | 23.4% | 33.7% | -2.38% |
| 2014 | 23% | 34.7% | -3.21% |
| 2015 | 21.4% | 34.3% | -2.3% |
| 2016 | 21.3% | 33.6% | -1.89% |
| 2017 | 21.2% | 33.6% | -1.92% |
| 2018 | 21.8% | 35.6% | -2.88% |
| 2019 | 20.7% | 39.9% | -2.89% |
| 2020 | 27.5% | 61.5% | -10.2% |
| 2021 | 23.8% | 54.4% | -6.48% |
| 2022 | 21.3% | 52.7% | -3.98% |
| 2023 | 21.5% | 51.5% | -3.92% |
| 2024 | 22.8% | 56.6% | -7.32% |
| 2025 | 21.8% | 58.1% | -3.95% |
Inflation rate by year
Over the past 20 years, Panama has had an average annual inflation rate of 2.48%. In 2024, inflation was 0.69%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1960 | 0.05% |
| 1961 | 0.61% |
| 1962 | 0.79% |
| 1963 | 0.45% |
| 1964 | 2.41% |
| 1965 | 0.46% |
| 1966 | 0.19% |
| 1967 | 1.38% |
| 1968 | 1.62% |
| 1969 | 1.83% |
| 1970 | 3.08% |
| 1971 | 1.92% |
| 1972 | 5.41% |
| 1973 | 6.86% |
| 1974 | 16.3% |
| 1975 | 5.88% |
| 1976 | 3.95% |
| 1977 | 4.59% |
| 1978 | 4.2% |
| 1979 | 7.99% |
| 1980 | 13.8% |
| 1981 | 7.3% |
| 1982 | 4.25% |
| 1983 | 2.1% |
| 1984 | 1.58% |
| 1985 | 1.03% |
| 1986 | -0.07% |
| 1987 | 1% |
| 1988 | 0.36% |
| 1989 | 0.21% |
| 1990 | 0.77% |
| 1991 | 1.26% |
| 1992 | 1.82% |
| 1993 | 0.45% |
| 1994 | 1.27% |
| 1995 | 0.99% |
| 1996 | 1.26% |
| 1997 | 1.32% |
| 1998 | 0.56% |
| 1999 | 1.25% |
| 2000 | 1.5% |
| 2001 | 0.31% |
| 2002 | 1.01% |
| 2003 | 0.39% |
| 2004 | 0.47% |
| 2005 | 2.86% |
| 2006 | 2.46% |
| 2007 | 4.17% |
| 2008 | 8.76% |
| 2009 | 2.41% |
| 2010 | 3.49% |
| 2011 | 5.88% |
| 2012 | 5.7% |
| 2013 | 4.03% |
| 2014 | 2.63% |
| 2015 | 0.14% |
| 2016 | 0.74% |
| 2017 | 0.88% |
| 2018 | 0.76% |
| 2019 | -0.36% |
| 2020 | -1.55% |
| 2021 | 1.63% |
| 2022 | 2.86% |
| 2023 | 1.49% |
| 2024 | 0.69% |
Balance of trade
|
Panama
|
Rank | |
|---|---|---|
Current account balance
|
$1.67B
2024 |
49/189 |
| Current account balance, % of GDP |
+1.94%
2024 |
57/189 |
| Goods imports |
$25.1B
2024 |
73/188 |
| Goods exports |
$19.1B
2024 |
79/188 |
| Service imports |
$5.75B
2024 |
88/188 |
| Service exports |
$18.3B
2024 |
49/188 |
| Imports of goods and services, % of GDP |
43.1%
2023 |
92/180 |
| Exports of goods and services, % of GDP |
46.5%
2023 |
59/193 |
Panama's top 10 trading partners
Panama's biggest trading partner accounting for 20.8%% of all exports and imports is China, with a trade balance between the two of -$6.49B — Panama exports $258M worth of goods and services to China and imports $6.75B.
Below is the list of the top 10 trade partners of Panama.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
China
|
$7.01B | 20.8% | $258M | $6.75B | Raw materials & minerals | Machinery & equipment |
| 2 |
United States
|
$6.16B | 18.3% | $1.16B | $4.99B | Chemicals & pharma | Chemicals & pharma |
| 3 |
Costa Rica
|
$1.56B | 4.64% | $1.06B | $503M | Chemicals & pharma | Processed food, beverages & tobacco |
| 4 |
Colombia
|
$1.28B | 3.82% | $841M | $442M | Machinery & equipment | Chemicals & pharma |
| 5 |
Mexico
|
$1.22B | 3.62% | $203M | $1.01B | Machinery & equipment | Chemicals & pharma |
| 6 |
Venezuela
|
$1.15B | 3.43% | $1.14B | $12.7M | Textiles & consumer goods | Machinery & equipment |
| 7 |
Guatemala
|
$1.13B | 3.37% | $852M | $282M | Chemicals & pharma | Chemicals & pharma |
| 8 |
Dominican Republic
|
$751M | 2.23% | $680M | $70M | Chemicals & pharma | Chemicals & pharma |
| 9 |
El Salvador
|
$733M | 2.18% | $612M | $120M | Chemicals & pharma | Chemicals & pharma |
| 10 |
Honduras
|
$658M | 1.96% | $601M | $57.1M | Chemicals & pharma | Processed food, beverages & tobacco |
Panama's top 10 exports
|
Panama
|
Rank | |
|---|---|---|
| Transport & tourism services | $15.2B | 41/188 |
| Chemicals & pharma | $3.96B | 48/193 |
| Machinery & equipment | $3.65B | 60/193 |
| Textiles & consumer goods | $3.02B | 50/193 |
| Business & finance services | $1.61B | 67/188 |
| Processed food, beverages & tobacco | $954M | 82/192 |
| IT & IP services | $495M | 74/183 |
| Precious metals & jewellery | $370M | 80/190 |
| Metals | $323M | 101/192 |
| Animal & marine products | $244M | 88/192 |
Panama's top 10 imports
|
Panama
|
Rank | |
|---|---|---|
| Machinery & equipment | $7.37B | 76/193 |
| Chemicals & pharma | $6.63B | 57/193 |
| Textiles & consumer goods | $4.25B | 55/193 |
| Transport & tourism services | $3.82B | 73/188 |
| Raw materials & minerals | $3.16B | 93/193 |
| Processed food, beverages & tobacco | $2.33B | 66/193 |
| Business & finance services | $1.12B | 84/188 |
| Metals | $934M | 100/193 |
| Raw agricultural goods | $547M | 106/193 |
| Precious metals & jewellery | $510M | 54/193 |
Economic freedom indices
|
Panama
|
Rank | |
|---|---|---|
| Economic freedom | 65.5 | 62/197 |
| Property rights | 56 | 79/182 |
| Government integrity | 37 | 79/182 |
| Judicial effectiveness | 49.4 | 79/182 |
| Tax burden | 86.9 | 51/181 |
| Government spending | 85.2 | 43/180 |
| Fiscal health | 62.4 | 107/181 |
| Business freedom | 73.4 | 59/182 |
| Labor freedom | 60.7 | 57/182 |
| Monetary freedom | 76.4 | 26/180 |
| Trade freedom | 78.6 | 59/181 |
| Investment freedom | 60 | 80/181 |
| Financial freedom | 60 | 56/181 |
Panama's economic freedom by year
Panama is ranked 56/180 for economic freedom with a score of 65.5, compared to 49/163 and a score of 64.3 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1995 | 71.6 | - | 77.5 | 84 | - |
| 1996 | 71.8 | - | 77.6 | 85.2 | - |
| 1997 | 72.4 | - | 80.8 | 87.1 | - |
| 1998 | 72.6 | - | 80.7 | 87.3 | - |
| 1999 | 72.6 | - | 80.9 | 86.8 | - |
| 2000 | 71.6 | - | 77.7 | 78.1 | - |
| 2001 | 70.6 | - | 81 | 74.8 | - |
| 2002 | 68.5 | - | 80.9 | 76.5 | - |
| 2003 | 68.4 | - | 81.1 | 78.3 | - |
| 2004 | 65.3 | - | 81.2 | 76.5 | - |
| 2005 | 64.3 | - | 81.3 | 79.4 | - |
| 2006 | 65.6 | - | 81.3 | 88 | - |
| 2007 | 64.6 | - | 83 | 89.5 | - |
| 2008 | 64.7 | - | 83 | 89.1 | - |
| 2009 | 64.7 | - | 82.6 | 89.8 | - |
| 2010 | 64.8 | - | 82.6 | 90 | - |
| 2011 | 64.9 | - | 82.6 | 88.6 | - |
| 2012 | 65.2 | - | 84.6 | 88.2 | - |
| 2013 | 62.5 | - | 86.2 | 77.8 | - |
| 2014 | 63.4 | - | 84.3 | 78.7 | - |
| 2015 | 64.1 | - | 84.5 | 78.8 | - |
| 2016 | 64.8 | - | 84.4 | 77.9 | - |
| 2017 | 66.3 | 21.5 | 85.2 | 83.1 | 84.9 |
| 2018 | 67 | 29.4 | 85 | 84.1 | 86.1 |
| 2019 | 67.2 | 30.1 | 85 | 85.3 | 91.3 |
| 2020 | 67.2 | 30 | 85.3 | 85.7 | 91.2 |
| 2021 | 66.2 | 28.1 | 85.2 | 85.2 | 82.8 |
| 2022 | 65.4 | 50.7 | 85.5 | 81.9 | 40.7 |
| 2023 | 63.8 | 38.7 | 85.6 | 81.1 | 19.1 |
| 2024 | 64.1 | 51.2 | 85.9 | 82.6 | 21.1 |
| 2025 | 65.5 | 49.4 | 86.9 | 85.2 | 62.4 |
More economic indicators
|
Panama
|
Rank | |
|---|---|---|
| Services, % of GDP |
68.8%
2024 |
30/191 |
| Industry, % of GDP |
26.3%
2024 |
76/194 |
| Agriculture, forestry, and fishing, % of GDP |
2.58%
2024 |
137/193 |
|
GNI, Atlas method
|
$81.1B
2024 |
74/194 |
| GNI per capita, PPP |
$39,290
2024 |
51/191 |
| Total reserves including gold |
$6.86B
2024 |
88/177 |
|
Net foreign direct investment
|
-$2.38B
2024 |
144/188 |
|
Net inflows of foreign direct investment
|
$3.24B
2024 |
58/193 |
|
Net outflows of foreign direct investment
|
$865M
2024 |
52/187 |
| Poverty at national poverty lines |
21.7%
2023 |
91/176 |
|
Gross capital formation, % of GDP
|
37.7%
2023 |
11/176 |
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GDP per capita
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Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.