Account ownership at a financial institution or with a in Panama
Panama: Account ownership at a financial institution or with a was 70.4% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Panama, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
In 2024, account ownership at a financial institution or with a in Panama stood at 70.4%. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 35.5% on the previous year and up 39.4% over ten years.
Over the whole period, account ownership at a financial institution or with a in Panama peaked at 70.4% in 2024 and was at its lowest, 28.1%, in 2011.
Panama ranks 76th of 105 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Panama, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 28.1% | — |
| 2014 | 50.5% | +79.7% |
| 2017 | 49.3% | -2.3% |
| 2021 | 51.9% | +5.3% |
| 2024 | 70.4% | +35.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 42.6% | 28.1% | 50.5% | 3 |
| 2020s | 61.1% | 51.9% | 70.4% | 2 |
Countries ranked near Panama
More financial sector data for Panama
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 16.3 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 16.3 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Panama?
- Account ownership at a financial institution or with a in Panama was 70.4% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Panama?
- The highest recorded value was 70.4% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Panama?
- The lowest recorded value was 28.1% in 2011.
- How does Panama rank for account ownership at a financial institution or with a?
- Panama ranks 76th out of 105 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Panama?
- Over the last ten years it is up 39.4%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, secondary education or more (% of population ages 15+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (secondary education or more, % of population ages 15+).