Domestic credit to private sector by banks in Panama
Panama: Domestic credit to private sector by banks was 66.8% in 2025. ▲ Rising
Domestic credit to private sector by banks in Panama, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, domestic credit to private sector by banks in Panama stood at 66.8%.
The figure is down 1.8% on the previous year and down 11.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Panama peaked at 96.7% in 2001 and was at its lowest, 8.9%, in 1961.
That places Panama 42nd out of 187 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 66 years of available data.
Domestic credit to private sector by banks in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 9.0% | — |
| 1961 | 8.9% | -0.5% |
| 1962 | 9.2% | +3.4% |
| 1963 | 9.6% | +3.9% |
| 1964 | 10.6% | +10.7% |
| 1965 | 12.3% | +15.9% |
| 1966 | 13.6% | +10.5% |
| 1967 | 15.3% | +12.2% |
| 1968 | 16.9% | +10.6% |
| 1969 | 19.2% | +13.5% |
| 1970 | 24.4% | +27.3% |
| 1971 | 29.0% | +18.8% |
| 1972 | 35.6% | +22.9% |
| 1973 | 39.6% | +11.2% |
| 1974 | 48.1% | +21.4% |
| 1975 | 47.1% | -2.1% |
| 1976 | 45.6% | -3.1% |
| 1977 | 45.5% | -0.2% |
| 1978 | 42.0% | -7.9% |
| 1979 | 43.8% | +4.4% |
| 1980 | 42.2% | -3.7% |
| 1981 | 44.8% | +6.3% |
| 1982 | 40.9% | -8.8% |
| 1983 | 39.9% | -2.4% |
| 1984 | 38.9% | -2.4% |
| 1985 | 38.3% | -1.6% |
| 1986 | 39.1% | +1.9% |
| 1987 | 40.0% | +2.4% |
| 1988 | 36.8% | -8.0% |
| 1989 | 36.6% | -0.4% |
| 1990 | 34.7% | -5.3% |
| 1991 | 39.3% | +13.3% |
| 1992 | 43.0% | +9.4% |
| 1993 | 49.3% | +14.7% |
| 1994 | 54.7% | +10.8% |
| 1995 | 61.1% | +11.8% |
| 1996 | 69.0% | +12.9% |
| 1997 | 72.5% | +5.1% |
| 1998 | 81.8% | +12.8% |
| 1999 | 90.1% | +10.2% |
| 2000 | 92.7% | +2.9% |
| 2001 | 96.7% | +4.3% |
| 2002 | 78.5% | -18.8% |
| 2003 | 73.4% | -6.5% |
| 2004 | 71.1% | -3.1% |
| 2005 | 74.3% | +4.4% |
| 2006 | 75.0% | +0.9% |
| 2007 | 76.3% | +1.7% |
| 2008 | 74.8% | -1.9% |
| 2009 | 70.5% | -5.8% |
| 2010 | 74.1% | +5.1% |
| 2011 | 72.7% | -1.8% |
| 2012 | 72.1% | -0.9% |
| 2013 | 58.0% | -19.6% |
| 2014 | 73.4% | +26.6% |
| 2015 | 75.5% | +2.9% |
| 2016 | 76.6% | +1.5% |
| 2017 | 76.8% | +0.3% |
| 2018 | 76.3% | -0.7% |
| 2019 | 75.2% | -1.4% |
| 2020 | 90.5% | +20.3% |
| 2021 | 78.5% | -13.3% |
| 2022 | 72.1% | -8.1% |
| 2023 | 68.0% | -5.7% |
| 2024 | 68.1% | +0.2% |
| 2025 | 66.8% | -1.8% |
Panama compared with similar countries
- Panama's 66.8% is above the median for high income countries, which is 64.3%, 1.0× the median. (61 countries reporting)
- Panama's 66.8% is above the median for Latin America & Caribbean, which is 42.9%, 1.6× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.5% | 8.9% | 19.2% | 10 |
| 1970s | 40.1% | 24.4% | 48.1% | 10 |
| 1980s | 39.8% | 36.6% | 44.8% | 10 |
| 1990s | 59.6% | 34.7% | 90.1% | 10 |
| 2000s | 78.3% | 70.5% | 96.7% | 10 |
| 2010s | 73.1% | 58.0% | 76.8% | 10 |
| 2020s | 74.0% | 66.8% | 90.5% | 6 |
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 domestic credit to private sector by banks in Panama?
- Domestic credit to private sector by banks in Panama was 66.8% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Panama?
- The highest recorded value was 96.7% in 2001.
- What is the lowest domestic credit to private sector by banks recorded in Panama?
- The lowest recorded value was 8.9% in 1961.
- How does Panama rank for domestic credit to private sector by banks?
- Panama ranks 42nd out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Panama?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.