Iceland vs Panama: Services, Debit/Expenditure

Iceland
5.16 billion
in 2024
Panama
5.75 billion
in 2024
Iceland rank
92nd
Panama rank
89th

Services, Debit/Expenditure over time

  • Iceland
  • Panama
2.0B3.0B4.0B5.0B6.0B200520142024

How they compare

Panama currently reports 5.75 billion against 5.16 billion in Iceland, a difference of 581.53 million.

That makes Panama's figure about 1.1 times Iceland's.

The two have swapped places 1 time across 20 shared years of data; in 2005 it was Iceland ahead.

Iceland ranks 92nd and Panama ranks 89th of 198 countries.

Across the 3 decades both report, Iceland averaged higher in 1 and Panama in 2.

Head to head by decade

Decade Iceland Panama Difference Ahead
2000s 2.42 billion 2.14 billion 281.31 million Iceland
2010s 3.07 billion 4.62 billion 1.56 billion Panama
2020s 3.95 billion 4.89 billion 942.43 million Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher services, debit/expenditure, Iceland or Panama?
Panama, at 5.75 billion against 5.16 billion in Iceland as of 2024.
What is the difference in services, debit/expenditure between Iceland and Panama?
581.53 million, with Panama ahead.
How many years of comparable data are there for Iceland and Panama?
20 years are reported by both, from 2005 to 2024.
How do Iceland and Panama rank globally for services, debit/expenditure?
Iceland ranks 92nd and Panama ranks 89th of 198 countries.
Where does this data come from?
International Monetary Fund, published as Services, Debit/Expenditure (US dollar). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Panama: Services, Debit/Expenditure. Statizoid, drawing on International Monetary Fund. Retrieved 18 August 2026, from https://trade.statizoid.com/compare/services-debit-expenditure-us-dollar/iceland/panama/

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About this data

Indicator
Services, Debit/Expenditure (US dollar)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
207 places, 3,864 data points, 2005–2024
Last refreshed

The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.