Government Budget in Panama decreased to -9.23 percent of GDP in 2020 from -3.80 percent of GDP in 2019. source: Ministry of Finance, Panama

Government Budget in Panama averaged -2 percent of GDP from 1993 until 2020, reaching an all time high of 3.45 percent of GDP in 2007 and a record low of -9.23 percent of GDP in 2020. This page provides - Panama Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Government Budget - values, historical data and charts - was last updated on December of 2021.

Government Budget in Panama is expected to reach -4.30 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Government Budget is projected to trend around -3.50 percent of GDP in 2022, according to our econometric models.

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Panama Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 69.82 46.44 percent of GDP Dec/20
Government Budget -9.23 -3.80 percent of GDP Dec/20
Panama Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.