Deposit interest rate in Panama
Panama: Deposit interest rate was 2.8% in 2006. ▼ Falling
Deposit interest rate in Panama, 1986–2006
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2006, deposit interest rate in Panama stood at 2.8%.
That represents a change of up 3.9% on the previous year and down 61.1% over ten years.
Over the whole period, deposit interest rate in Panama peaked at 8.5% in 1989 and was at its lowest, 2.2%, in 2004.
Panama ranks 84th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Deposit interest rate in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1986 | 6.5% | — |
| 1987 | 6.6% | +1.4% |
| 1988 | 7.5% | +14.4% |
| 1989 | 8.5% | +12.6% |
| 1990 | 8.4% | -1.1% |
| 1991 | 7.7% | -8.0% |
| 1992 | 5.7% | -26.6% |
| 1993 | 5.9% | +4.0% |
| 1994 | 6.1% | +3.6% |
| 1995 | 7.2% | +17.4% |
| 1996 | 7.2% | +0.3% |
| 1997 | 7.0% | -2.3% |
| 1998 | 6.8% | -3.8% |
| 1999 | 6.9% | +2.4% |
| 2000 | 7.1% | +2.1% |
| 2001 | 6.8% | -3.4% |
| 2002 | 5.0% | -27.3% |
| 2003 | 4.0% | -19.9% |
| 2004 | 2.2% | -43.8% |
| 2005 | 2.7% | +20.6% |
| 2006 | 2.8% | +3.9% |
Panama compared with similar countries
- Panama's 2.8% is above the median for high income countries, which is 1.6%, 1.8× the median. (39 countries reporting)
- Panama's 2.8% is below the median for Latin America & Caribbean, which is 3.4%, 82% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -43.8% | 4.0% | 2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.3% | 6.5% | 8.5% | 4 |
| 1990s | 6.9% | 5.7% | 8.4% | 10 |
| 2000s | 4.4% | 2.2% | 7.1% | 7 |
Countries ranked near Panama
- 81 Guinea 3.3% compare
- 82 Norway 3.2%
- 83 Laos 3.0% compare
- 84 Aruba 2.8% compare
- 86 South Korea 2.7% compare
- 87 North Macedonia 2.7%
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 deposit interest rate in Panama?
- Deposit interest rate in Panama was 2.8% in 2006, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Panama?
- The highest recorded value was 8.5% in 1989.
- What is the lowest deposit interest rate recorded in Panama?
- The lowest recorded value was 2.2% in 2004.
- How does Panama rank for deposit interest rate?
- Panama ranks 84th out of 153 countries with data for 2006.
- Is deposit interest rate rising or falling in Panama?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.