Japan vs Panama: Broad money to total reserves ratio

Japan
7.98
in 2025
Panama
8.09
in 2008
Japan rank
21st
Panama rank
20th

Broad money to total reserves ratio over time

  • Japan
  • Panama
020406080100196019922025

How they compare

Panama currently reports 8.09 against 7.98 in Japan, a difference of 0.11.

The two have swapped places 4 times across 49 shared years of data; in 1960 it was Japan ahead.

Japan ranks 21st and Panama ranks 20th of 158 countries.

Japan has averaged higher in every one of the 5 decades both report.

Head to head by decade

Decade Japan Panama Difference Ahead
1960s 29.23 18.51 10.72 Japan
1970s 35.66 11.9 23.76 Japan
1980s 55.22 17.06 38.16 Japan
1990s 61.06 7.36 53.7 Japan
2000s 14.9 10.7 4.2 Japan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher broad money to total reserves ratio, Japan or Panama?
Panama, at 8.09 against 7.98 in Japan as of 2008.
What is the difference in broad money to total reserves ratio between Japan and Panama?
0.11, with Panama ahead.
How many years of comparable data are there for Japan and Panama?
49 years are reported by both, from 1960 to 2008.
How do Japan and Panama rank globally for broad money to total reserves ratio?
Japan ranks 21st and Panama ranks 20th of 158 countries.
Where does this data come from?
International Financial Statistics database, International Monetary Fund (IMF), published as Broad money to total reserves ratio. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Japan vs Panama: Broad money to total reserves ratio. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 28 August 2026, from https://financial-sector.statizoid.com/compare/broad-money-to-total-reserves-ratio/japan/panama/

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About this data

Indicator
Broad money to total reserves ratio
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
158 places, 7,871 data points, 1960–2025
Last refreshed

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).