Panama Foreign Exchange Reserves: Months of Import

2000 - 2025 | Monthly | NA | CEIC Data

Key information about Panama Foreign Exchange Reserves: Months of Import

  • Panama Foreign Exchange Reserves equaled 3.1 Months of Import in Sep 2025, compared with the ratio of 3.4 in the previous month
  • Panama Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jan 2000 to Sep 2025
  • The data reached an all-time high of 15.4 in Jan 2021 and a record low of 1.0 in Oct 2018

CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The International Monetary Fund provides Foreign Exchange Reserves in USD. The National Institute of Statistics and Census provides Imports in local currency. The International Monetary Fund average market exchange rate is used for currency conversions.


Further information about Panama Foreign Exchange Reserves: Months of Import

  • In the latest reports, Panama Foreign Exchange Reserves was measured at 5.0 USD bn in Oct 2025
  • Its Money Supply M2 increased 9.0 % YoY in Aug 2025
  • Panama Domestic Credit reached 65.1 USD bn in Oct 2025, representing an increased of 1.6 % YoY
  • The country's Non Performing Loans Ratio stood at 1.5 % in Oct 2025, compared with the ratio of 1.5 % in the previous month
  • Household Debt of Panama reached 33.8 USD bn in Oct 2025, accounting for 37.7 % of the country's Nominal GDP

View Panama's Foreign Exchange Reserves: Months of Import from Jan 2000 to Sep 2025 in the chart:

Panama Foreign Exchange Reserves: Months of Import

What was Panama's Foreign Exchange Reserves: Months of Import in Sep 2025?

Panama Foreign Exchange Reserves equaled 3.1 Months of Import in Sep 2025, compared with the ratio of 3.4 in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.1 Sep 2025 3.4 Aug 2025 1.0 Oct 2018 15.4 Jan 2021 NA monthly Jan 2000 - Sep 2025

Foreign Exchange Reserves: Months of Import by Country Comparison

country/region Last Frequency Range
Albania (NA) 7.7 Oct 2025 monthly Dec 1993 - Oct 2025
Algeria (NA) 15.7 Dec 2020 monthly Jan 2000 - Dec 2020
Argentina (NA) 4.3 Oct 2025 monthly Jan 1990 - Oct 2025
Armenia (NA) 4.4 Sep 2025 monthly Jan 2000 - Sep 2025
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.2 Sep 2025 monthly Jan 1957 - Sep 2025
Azerbaijan (NA) 5.7 Oct 2025 monthly Mar 1994 - Oct 2025
Bahrain (NA) 2.2 2024 yearly 1966 - 2024
Bangladesh (NA) 4.1 Sep 2025 monthly Jul 1986 - Sep 2025
Belarus (NA) 1.3 Sep 2025 monthly Dec 2002 - Sep 2025
Belgium (NA) 0.1 Sep 2025 monthly Jan 1999 - Sep 2025
Bolivia (NA) 0.2 Aug 2025 monthly Jan 2000 - Aug 2025
Bosnia and Herzegovina (NA) 6.7 Sep 2025 monthly Jan 2000 - Sep 2025
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 13.8 Nov 2025 monthly Nov 2000 - Nov 2025
Brunei (NA) 5.7 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (NA) 8.3 Sep 2025 monthly Sep 2003 - Sep 2025
Cambodia (NA) 6.0 May 2025 monthly Jan 2010 - May 2025
Canada (NA) 2.0 Aug 2025 monthly Jun 1999 - Aug 2025
Chile (NA) 5.5 Oct 2025 monthly Jan 2003 - Oct 2025
China (NA) 15.5 Oct 2025 monthly Jan 2000 - Oct 2025
Colombia (NA) 9.9 Sep 2025 monthly Jan 1980 - Sep 2025
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Sep 2025 monthly Jan 2002 - Sep 2025
Czech Republic (NA) 6.9 Sep 2025 monthly Mar 2000 - Sep 2025
Denmark (NA) 7.4 Sep 2025 monthly Jan 2002 - Sep 2025
Ecuador (NA) 1.8 Sep 2025 monthly Jan 2005 - Sep 2025
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.9 Sep 2025 monthly Jan 2001 - Sep 2025
European Union (NA) 1.2 Sep 2025 monthly Jan 2002 - Sep 2025
Finland (NA) 1.3 Sep 2025 monthly Jan 2000 - Sep 2025
France (NA) 0.5 Sep 2025 monthly Feb 2004 - Sep 2025
Georgia (NA) 2.9 Oct 2025 monthly Oct 1995 - Oct 2025
Germany (NA) 0.3 Sep 2025 monthly Jan 1957 - Sep 2025
Ghana (NA) 2.4 Jan 2024 monthly Mar 2005 - Jan 2024
Greece (NA) 0.5 Sep 2025 monthly Jan 2004 - Sep 2025
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 2.8 Oct 2025 monthly Jan 2002 - Oct 2025
Iceland (NA) 7.6 Oct 2025 monthly Oct 2000 - Oct 2025
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 6.0 Oct 2025 monthly Jan 2008 - Oct 2025
Ireland (NA) 0.4 Sep 2025 monthly Jan 1999 - Sep 2025
Israel (NA) 30.6 Oct 2025 monthly Dec 2001 - Oct 2025
Italy (NA) 0.9 Sep 2025 monthly Dec 1999 - Sep 2025
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 17.7 Oct 2025 monthly Apr 2000 - Oct 2025
Jordan (NA) 6.1 Sep 2025 monthly Jan 1972 - Sep 2025
Kazakhstan (NA) 2.6 Sep 2025 monthly Dec 2002 - Sep 2025
Kenya (NA) 5.0 Aug 2025 monthly Sep 2005 - Aug 2025
South Korea (NA) 7.9 Nov 2025 monthly Jan 1971 - Nov 2025
Kosovo (NA) 2.3 Oct 2025 monthly Jan 2003 - Oct 2025
Kuwait (NA) 11.8 Jun 2025 quarterly Mar 1973 - Jun 2025
Kyrgyzstan (NA) 1.8 Sep 2025 monthly Jan 2003 - Sep 2025
Laos (NA) 2.9 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 1.8 Sep 2025 monthly Jan 1997 - Sep 2025
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.2 Sep 2025 monthly Jan 1999 - Sep 2025
Luxembourg (NA) 0.0 Sep 2025 monthly Jan 1999 - Sep 2025
Macau SAR, China (NA) 21.2 Oct 2025 monthly Jan 2000 - Oct 2025
North Macedonia (NA) 3.8 Oct 2025 monthly Jan 2002 - Oct 2025
Malawi (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Malaysia (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Malta (NA) 1.3 Sep 2025 monthly Oct 1994 - Sep 2025
Mauritius (NA) 14.2 Sep 2025 monthly Jan 2006 - Sep 2025
Mexico (NA) 3.4 Oct 2025 monthly Jan 2000 - Oct 2025
Moldova (NA) 5.5 Sep 2025 monthly Jan 2005 - Sep 2025
Mongolia (NA) 5.8 Oct 2025 monthly Jan 1997 - Oct 2025
Montenegro (NA) 3.6 Oct 2025 monthly Jan 2005 - Oct 2025
Morocco (NA) 5.0 Oct 2025 monthly Dec 2001 - Oct 2025
Mozambique (NA) 6.1 Jun 2025 monthly Jan 2011 - Jun 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 14.6 Sep 2025 monthly Aug 2003 - Sep 2025
Netherlands (NA) 0.1 Sep 2025 monthly Sep 1999 - Sep 2025
New Zealand (NA) 5.2 Oct 2025 monthly Sep 2005 - Oct 2025
Nigeria (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Norway (NA) 8.1 Oct 2025 monthly Jan 1999 - Oct 2025
Oman (NA) 3.5 Sep 2025 monthly Jan 1975 - Sep 2025
Pakistan (NA) 3.1 Oct 2025 monthly Jan 1996 - Oct 2025
Palestinian Territory (NA) 0.9 Sep 2025 monthly Jan 2011 - Sep 2025
Panama (NA) 3.1 Sep 2025 monthly Jan 2000 - Sep 2025
Paraguay (NA) 5.2 Oct 2025 monthly Jan 1994 - Oct 2025
Peru (NA) 16.1 Sep 2025 monthly Jan 1985 - Sep 2025
Philippines (NA) 7.9 Oct 2025 monthly Jan 1979 - Oct 2025
Poland (NA) 5.2 Sep 2025 monthly Jan 2000 - Sep 2025
Portugal (NA) 0.6 Sep 2025 monthly Dec 1999 - Sep 2025
Qatar (NA) 11.7 Oct 2025 monthly Jan 1998 - Oct 2025
Romania (NA) 5.4 Sep 2025 monthly Apr 2005 - Sep 2025
Russia (NA) 17.3 Sep 2025 monthly Jan 1998 - Sep 2025
Saudi Arabia (NA) 21.3 2024 yearly 1957 - 2024
Serbia (NA) 6.4 Oct 2025 monthly Jan 2004 - Oct 2025
Singapore (NA) 7.9 Oct 2025 monthly Apr 2000 - Oct 2025
Slovakia (NA) 1.1 Sep 2025 monthly Jan 2004 - Sep 2025
Slovenia (NA) 0.3 Aug 2025 monthly Jan 1996 - Aug 2025
South Africa (NA) 4.7 Oct 2025 monthly Oct 2004 - Oct 2025
Spain (NA) 1.5 Sep 2025 monthly Jan 1987 - Sep 2025
Sri Lanka (NA) 2.8 Oct 2025 monthly Jan 1982 - Oct 2025
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.4 Oct 2025 monthly Mar 2000 - Oct 2025
Switzerland (NA) 18.1 Oct 2025 monthly Jun 1999 - Oct 2025
Syria (NA) 9.8 Jun 2011 quarterly Mar 1960 - Jun 2011

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 740.274 Sep 2025 monthly Jan 1995 - Sep 2025
Tax Revenue: % of GDP (%) 8.0 Jun 2025 quarterly Mar 2007 - Jun 2025
National Government Debt (USD mn) 58,832.7 Oct 2025 monthly Jul 2004 - Oct 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax (PAB th) 693,972.524 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue (PAB th) 2,942,813.523 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Public Debt: Domestic (USD mn) 9,460.795 Jan 2025 monthly Jul 2004 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,108.4 Sep 2025 monthly Jan 1964 - Sep 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 0.6 Sep 2025 monthly Jan 2001 - Sep 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,192.3 Sep 2025 monthly Jan 2000 - Sep 2025
Total Imports Growth (%) 2.0 Sep 2025 monthly Jan 2001 - Sep 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 35.282 Aug 2025 monthly Jan 1970 - Aug 2025
Total Imports from USA (USD mn) 211.345 Aug 2025 monthly Jan 1967 - Aug 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 165.039 Aug 2025 monthly Mar 1989 - Aug 2025
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB (PAB th) 84,431.775 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -1,419.8 Jun 2025 quarterly Mar 2013 - Jun 2025
Current Account Balance (USD mn) 522.5 Jun 2025 quarterly Mar 1998 - Jun 2025
Current Account Balance: % of GDP (%) 2.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Direct Investment (USD mn) -887.1 Jun 2025 quarterly Mar 1998 - Jun 2025
Foreign Direct Investment: % of GDP (%) -4.4 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.2 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
External Debt (USD mn) 48,132.1 Oct 2025 monthly Jul 2004 - Oct 2025
External Debt: % of GDP (%) 169.8 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -76,500.694 Jun 2025 quarterly Mar 2002 - Jun 2025
BoP: CA: Goods: Debit (PAB mn) -5,833.509 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 824.140 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 Sep 2024 quarterly Mar 2015 - Sep 2024
Foreign Direct Investment (FDI) (PAB mn) 726.814 Sep 2024 quarterly Mar 2013 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Oct 2025 monthly Dec 2008 - Oct 2025
Household Debt: % of GDP (%) 37.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Non-Performing Loans (USD mn) 1,501.738 Oct 2025 monthly Dec 2008 - Oct 2025
Money Supply M1 (USD mn) 9,045.180 Sep 2025 monthly Dec 2002 - Sep 2025
Money Supply M2 (USD mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
M2 Growth (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Foreign Exchange Reserves (USD mn) 4,972.0 Oct 2025 monthly Oct 1969 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 4.744 Jun 2025 quarterly Dec 2007 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 3.1 Sep 2025 monthly Jan 2000 - Sep 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,289.651 Oct 2025 monthly Dec 1998 - Oct 2025
Total Deposits Growth (%) 5.9 Oct 2025 monthly Dec 1999 - Oct 2025
Domestic Credit (USD mn) 65,123.3 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 1.6 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 33,838.9 Oct 2025 monthly Oct 2005 - Oct 2025
Total Loans (USD mn) 102,246.063 Oct 2025 monthly Dec 1998 - Oct 2025
Total Loans Growth (%) 5.29 Oct 2025 monthly Dec 1999 - Oct 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,436.337 Oct 2025 monthly Dec 2002 - Oct 2025

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