Commercial bank branches in Panama
Panama: Commercial bank branches was 17.72 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in Panama, 2007–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
In 2024, commercial bank branches in Panama stood at 17.72 per 100,000 adults. That is the lowest value across all 18 years on record.
The figure is down 4.0% on the previous year and down 26.3% over ten years.
Over the whole period, commercial bank branches in Panama peaked at 24.04 per 100,000 adults in 2014 and was at its lowest, 17.72 per 100,000 adults, in 2024.
That places Panama 50th out of 185 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Commercial bank branches in Panama, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2007 | 21.58 per 100,000 adults | — |
| 2008 | 22.61 per 100,000 adults | +4.8% |
| 2009 | 22.47 per 100,000 adults | -0.6% |
| 2010 | 22.81 per 100,000 adults | +1.5% |
| 2011 | 22.74 per 100,000 adults | -0.3% |
| 2012 | 22.34 per 100,000 adults | -1.8% |
| 2013 | 23.67 per 100,000 adults | +5.9% |
| 2014 | 24.04 per 100,000 adults | +1.6% |
| 2015 | 23.68 per 100,000 adults | -1.5% |
| 2016 | 23.43 per 100,000 adults | -1.1% |
| 2017 | 22.27 per 100,000 adults | -4.9% |
| 2018 | 21.72 per 100,000 adults | -2.5% |
| 2019 | 20.24 per 100,000 adults | -6.8% |
| 2020 | 19.9 per 100,000 adults | -1.7% |
| 2021 | 19.57 per 100,000 adults | -1.7% |
| 2022 | 19.05 per 100,000 adults | -2.7% |
| 2023 | 18.46 per 100,000 adults | -3.1% |
| 2024 | 17.72 per 100,000 adults | -4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.22 per 100,000 adults | 21.58 per 100,000 adults | 22.61 per 100,000 adults | 3 |
| 2010s | 22.69 per 100,000 adults | 20.24 per 100,000 adults | 24.04 per 100,000 adults | 10 |
| 2020s | 18.94 per 100,000 adults | 17.72 per 100,000 adults | 19.9 per 100,000 adults | 5 |
Countries ranked near Panama
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 commercial bank branches in Panama?
- Commercial bank branches in Panama was 17.72 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Panama?
- The highest recorded value was 24.04 per 100,000 adults in 2014.
- What is the lowest commercial bank branches recorded in Panama?
- The lowest recorded value was 17.72 per 100,000 adults in 2024.
- How does Panama rank for commercial bank branches?
- Panama ranks 50th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Panama?
- Over the last ten years it is down 26.3%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.