New Zealand vs Panama: Bank Z-score

New Zealand
44.78
in 2021
Panama
40.39
in 2021
New Zealand rank
3rd
Panama rank
6th

Bank Z-score over time

  • New Zealand
  • Panama
010203040200020102021

How they compare

New Zealand currently reports 44.78 against 40.39 in Panama, a difference of 4.39.

That makes New Zealand's figure about 1.1 times Panama's.

The two have swapped places 3 times across 16 shared years of data; in 2006 it was Panama ahead.

New Zealand ranks 3rd and Panama ranks 6th of 170 countries.

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

Head to head by decade

Decade New Zealand Panama Difference Ahead
2000s 33.84 37.74 3.9 Panama
2010s 40.06 36.5 3.55 New Zealand
2020s 43.23 39.23 4 New Zealand

Averages of every year both report within each decade.

Frequently asked questions

Which has higher bank z-score, New Zealand or Panama?
New Zealand, at 44.78 against 40.39 in Panama as of 2021.
What is the difference in bank z-score between New Zealand and Panama?
4.39, with New Zealand ahead.
How many years of comparable data are there for New Zealand and Panama?
16 years are reported by both, from 2006 to 2021.
How do New Zealand and Panama rank globally for bank z-score?
New Zealand ranks 3rd and Panama ranks 6th of 170 countries.
Where does this data come from?
Bankscope, Bureau van Dijk (BvD), published as Bank Z-score. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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New Zealand vs Panama: Bank Z-score. Statizoid, drawing on Bankscope, Bureau van Dijk (BvD). Retrieved 31 August 2026, from https://financial-sector.statizoid.com/compare/bank-z-score/new-zealand/panama/

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About this data

Indicator
Bank Z-score
Source
Bankscope, Bureau van Dijk (BvD)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
170 places, 3,302 data points, 2000–2021
Last refreshed

It captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures Calculated from underlying bank-by-bank unconsolidated data from Bankscope.