Financial Development Index in Panama
Panama: Financial Development Index was 0.4745 in 2020. β² Rising
Financial Development Index in Panama, 1980β2020
Source: International Monetary Fund.
Analysis
Panama recorded 0.4745 for financial development index in 2020. That is the highest value across all 41 years on record.
The figure is up 3.5% on the previous year and up 24.1% over ten years.
Over the whole period, financial development index in Panama peaked at 0.4745 in 2020 and was at its lowest, 0.2315, in 1993.
Panama ranks 43rd of 183 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2826 | 0.2624 | 0.303 | 10 |
| 1990s | 0.2722 | 0.2315 | 0.3277 | 10 |
| 2000s | 0.339 | 0.3032 | 0.3782 | 10 |
| 2010s | 0.4083 | 0.3825 | 0.4584 | 10 |
| 2020s | 0.4745 | 0.4745 | 0.4745 | 1 |
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 financial development index in Panama?
- Financial development index in Panama was 0.4745 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Panama?
- The highest recorded value was 0.4745 in 2020.
- What is the lowest financial development index recorded in Panama?
- The lowest recorded value was 0.2315 in 1993.
- How does Panama rank for financial development index?
- Panama ranks 43rd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Panama?
- Over the last ten years it is up 24.1%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.