Account ownership at a financial institution or with a in Panama
Panama: Account ownership at a financial institution or with a was 57.5% 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 15-24.
Analysis
In 2024, account ownership at a financial institution or with a in Panama stood at 57.5%. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 42.3% on the previous year and up 87.1% over ten years.
Over the whole period, account ownership at a financial institution or with a in Panama peaked at 57.5% in 2024 and was at its lowest, 15.4%, in 2011.
That places Panama 67th out of 106 countries with data for 2024, putting it in the middle of the range.
Account ownership at a financial institution or with a in Panama, year by year
| Year | % of population ages 15-24 | Change |
|---|---|---|
| 2011 | 15.4% | — |
| 2014 | 30.7% | +99.6% |
| 2017 | 37.0% | +20.3% |
| 2021 | 40.4% | +9.3% |
| 2024 | 57.5% | +42.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 27.7% | 15.4% | 37.0% | 3 |
| 2020s | 49.0% | 40.4% | 57.5% | 2 |
Countries ranked near Panama
- 64 Ecuador 60.5% compare
- 65 Republic of Moldova 59.0% compare
- 66 Bosnia and Herzegovina 58.4% compare
- 68 Israel 57.4% compare
- 69 North Macedonia 57.4% compare
- 70 Italy 57.4% compare
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 57.5% 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 57.5% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Panama?
- The lowest recorded value was 15.4% in 2011.
- How does Panama rank for account ownership at a financial institution or with a?
- Panama ranks 67th out of 106 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 87.1%. 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, young adults (% of population ages 15-24). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 (young adults, % of population ages 15-24).