Bank deposits to GDP in Panama
Panama: Bank deposits to GDP was 57.4% in 2021. ◆ Volatile
Bank deposits to GDP in Panama, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Panama recorded 57.4% for bank deposits to gdp in 2021.
That represents a change of down 29.3% on the previous year and down 21.5% over ten years.
Over the whole period, bank deposits to gdp in Panama peaked at 81.1% in 2020 and was at its lowest, 6.7%, in 1960.
Panama ranks 93rd of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 6.7% | — |
| 1961 | 6.8% | +1.4% |
| 1962 | 7.4% | +9.7% |
| 1963 | 8.5% | +14.0% |
| 1964 | 7.7% | -9.3% |
| 1965 | 8.9% | +15.3% |
| 1966 | 10.3% | +16.1% |
| 1967 | 11.7% | +13.7% |
| 1968 | 13.8% | +17.6% |
| 1969 | 13.9% | +1.1% |
| 1970 | 16.7% | +20.1% |
| 1971 | 17.6% | +5.1% |
| 1972 | 20.1% | +14.3% |
| 1973 | 20.5% | +2.1% |
| 1974 | 22.1% | +7.9% |
| 1975 | 24.5% | +10.8% |
| 1976 | 24.5% | -0.1% |
| 1977 | 26.8% | +9.5% |
| 1978 | 27.0% | +0.8% |
| 1979 | 29.4% | +8.6% |
| 1980 | 29.6% | +0.8% |
| 1981 | 31.1% | +5.1% |
| 1982 | 31.6% | +1.4% |
| 1983 | 31.0% | -1.8% |
| 1984 | 31.6% | +1.9% |
| 1985 | 31.6% | -0.1% |
| 1986 | 31.5% | -0.4% |
| 1987 | 30.6% | -2.8% |
| 1988 | 25.8% | -15.7% |
| 1989 | 25.0% | -2.9% |
| 1990 | 32.0% | +28.1% |
| 1991 | 39.1% | +22.1% |
| 1992 | 43.8% | +11.9% |
| 1993 | 48.0% | +9.7% |
| 1994 | 52.4% | +9.0% |
| 1995 | 55.6% | +6.2% |
| 1996 | 57.8% | +3.9% |
| 1997 | 60.8% | +5.2% |
| 1998 | 65.0% | +6.8% |
| 1999 | 67.5% | +4.0% |
| 2000 | 72.5% | +7.3% |
| 2001 | 76.2% | +5.1% |
| 2002 | 71.7% | -5.9% |
| 2003 | 70.5% | -1.8% |
| 2004 | 69.7% | -1.0% |
| 2005 | 69.7% | -0.1% |
| 2006 | 77.6% | +11.4% |
| 2007 | 76.5% | -1.4% |
| 2008 | 74.7% | -2.4% |
| 2009 | 76.6% | +2.5% |
| 2010 | 79.1% | +3.3% |
| 2011 | 73.1% | -7.6% |
| 2012 | 70.0% | -4.3% |
| 2013 | 54.6% | -21.9% |
| 2014 | 67.6% | +23.6% |
| 2015 | 65.1% | -3.6% |
| 2016 | 64.0% | -1.8% |
| 2017 | 62.5% | -2.3% |
| 2018 | 61.7% | -1.2% |
| 2019 | 60.7% | -1.6% |
| 2020 | 81.1% | +33.5% |
| 2021 | 57.4% | -29.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.6% | 6.7% | 13.9% | 10 |
| 1970s | 22.9% | 16.7% | 29.4% | 10 |
| 1980s | 29.9% | 25.0% | 31.6% | 10 |
| 1990s | 52.2% | 32.0% | 67.5% | 10 |
| 2000s | 73.6% | 69.7% | 77.6% | 10 |
| 2010s | 65.8% | 54.6% | 79.1% | 10 |
| 2020s | 69.2% | 57.4% | 81.1% | 2 |
Countries ranked near Panama
- 90 Samoa 59.2% compare
- 91 North Macedonia 58.4% compare
- 92 El Salvador 57.6% compare
- 94 Hungary 56.8% compare
- 95 Montenegro 56.7% compare
- 96 Oman 56.2% compare
More financial sector data for Panama
- Net domestic credit (current LCU), per capita 11,791 current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 0.8872 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate -4.93 % change on previous year (2020)
- Reserves excluding gold, foreign exchange 4.12 billion SDR (2025)
- Reserves excluding gold 4.56 billion SDR (2025)
- Total reserves (gold at market value) 4.56 billion SDR (2025)
- Total reserves (gold at national valuation) 4.56 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 996.88 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -13.31 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 996.88 SDR per person (2025)
Frequently asked questions
- What is bank deposits to gdp in Panama?
- Bank deposits to gdp in Panama was 57.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Panama?
- The highest recorded value was 81.1% in 2020.
- What is the lowest bank deposits to gdp recorded in Panama?
- The lowest recorded value was 6.7% in 1960.
- How does Panama rank for bank deposits to gdp?
- Panama ranks 93rd out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Panama?
- Over the last ten years it is down 21.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).