General government net debt in current LCU

(billion LCU)

Between 2012 and 2021, general government net debt of Panama grew substantially from 9 to 26 billion LCU rising at an increasing annual rate that reached a maximum of 21.02% in 2017 and then decreased to 11.40% in 2021.

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What is general government net debt?

Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.receivable.