# Panama Government Debt to GDP

Panama Government Debt to GDP was 65.4% in 2025, up 3.4 percentage points from 2024.
Among the 38 economies Makrognosis covers on this measure, it is the 19th highest.

- Source agency: Panama Ministry of Economy and Finance (DFP)
- Makrognosis code: `PA.GOVDEBT.A.NSA`
- Frequency: annual
- Units: % of GDP
- Coverage: 2018-01-01 to 2025-01-01 (8 observations)
- Page: https://makrognosis.robomacro.com/data/panama/government-debt-to-gdp

## Recent data

| Period | Value |
|---|---:|
| 2025 | 65.4% |
| 2024 | 62.1% |
| 2023 | 56.1% |
| 2022 | 57.9% |
| 2021 | 60.1% |
| 2020 | 64.8% |
| 2019 | 44.5% |
| 2018 | 38.2% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PA.GOVDEBT.A.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PA.GOVDEBT.A.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```