🇵🇦 Panama National Debt Clock
Live tracker for Panama government debt. The national debt currently stands at approximately $53.8 billion, growing at $101 per second based on IMF fiscal deficit projections. Debt-to-GDP: 57%. Per-citizen share: $11,643.
Among the 135 governments tracked here, Panama ranks 64th by debt-to-GDP, 75th by total debt and 50th by debt per person.
About Panama's National Debt
Panama's dollarized economy is anchored by Canal revenue and a large logistics and banking sector; debt rose through the pandemic, and in March 2024 Fitch cut its rating below investment grade.
Panama's debt-to-GDP ratio of 57% is moderate: higher than 53% of the 135 governments tracked here. No ratio is safe or dangerous on its own — whether a debt is sustainable depends on the interest rate on it, how fast the economy grows, the currency it is owed in and who holds it. By total government debt, Panama ranks 75th of the 135 governments tracked here.
At the current borrowing rate of $101 per second, Panama adds about $9 million to its government debt every day — roughly $3.2 billion per year. Each of Panama's 5 million residents carries an individual share of approximately $11,643. That is below the world average of roughly $14,600 in government debt per person.
Figures are computed by Global Debt Clock by linear extrapolation from each country's baseline figure, named in the source line on this page (for most countries, the IMF World Economic Outlook, October 2026). Actual debt changes through discrete bond issuances — these counters illustrate the approximate scale and pace of sovereign borrowing.
Panama National Debt — Frequently Asked Questions
What is Panama's national debt right now?
Panama's national debt is approximately $53.8 billion as of October 27, 2026, growing at $101 per second. Its debt-to-GDP ratio is 57% and each citizen's share is about $11,643.
How fast is Panama's debt growing?
Panama's government debt is growing at approximately $101 per second — about $9 million per day — derived from the IMF's projections for 2026.
What is Panama's debt per capita?
Each of Panama's 5 million residents carries a notional share of approximately $11,643 of the national debt.
What is Panama's debt-to-GDP ratio?
Panama's debt-to-GDP ratio is 57%. That is higher than 53% of the 135 governments tracked here.
Why is Panama's government debt at this level?
Panama's dollarized economy is anchored by Canal revenue and a large logistics and banking sector; debt rose through the pandemic, and in March 2024 Fitch cut its rating below investment grade.
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Live side-by-side debt comparisons — shareable cards for journalists and social.
Further reading
Other Americas countries
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Data & Citation
Source: IMF WEO October 2026 (GGXWDG, end-2025 stock) · baseline anchored .
Methodology: debt = 51,185,995,000 + 101 × seconds_since(2026-01-01)
Machine-readable data: /api/debt?c=pa (live JSON) · /data/debt.json (full dataset)
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