Financial Development Index in Panama
Panama: Financial Development Index was 0.4745 in 2020. ▲ Rising
Financial Development Index in Panama, 1980–2020
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.
Financial Development Index in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.3008 | — |
| 1981 | 0.303 | +0.7% |
| 1982 | 0.2907 | -4.1% |
| 1983 | 0.2877 | -1.0% |
| 1984 | 0.2794 | -2.9% |
| 1985 | 0.274 | -1.9% |
| 1986 | 0.2771 | +1.1% |
| 1987 | 0.2833 | +2.2% |
| 1988 | 0.2671 | -5.7% |
| 1989 | 0.2624 | -1.8% |
| 1990 | 0.247 | -5.9% |
| 1991 | 0.2429 | -1.7% |
| 1992 | 0.2317 | -4.6% |
| 1993 | 0.2315 | -0.1% |
| 1994 | 0.2702 | +16.7% |
| 1995 | 0.2624 | -2.9% |
| 1996 | 0.2698 | +2.8% |
| 1997 | 0.32 | +18.6% |
| 1998 | 0.3189 | -0.3% |
| 1999 | 0.3277 | +2.7% |
| 2000 | 0.3277 | +0.0% |
| 2001 | 0.3392 | +3.5% |
| 2002 | 0.3237 | -4.6% |
| 2003 | 0.3151 | -2.7% |
| 2004 | 0.3032 | -3.8% |
| 2005 | 0.3211 | +5.9% |
| 2006 | 0.329 | +2.5% |
| 2007 | 0.3777 | +14.8% |
| 2008 | 0.3754 | -0.6% |
| 2009 | 0.3782 | +0.7% |
| 2010 | 0.3825 | +1.1% |
| 2011 | 0.3868 | +1.1% |
| 2012 | 0.4008 | +3.6% |
| 2013 | 0.3904 | -2.6% |
| 2014 | 0.4053 | +3.8% |
| 2015 | 0.4 | -1.3% |
| 2016 | 0.4113 | +2.8% |
| 2017 | 0.4252 | +3.4% |
| 2018 | 0.4224 | -0.7% |
| 2019 | 0.4584 | +8.5% |
| 2020 | 0.4745 | +3.5% |
Panama compared with similar countries
- Panama's 0.4745 is below the median for high income countries, which is 0.4828, 98% of the median. (62 countries reporting)
- Panama's 0.4745 is above the median for Latin America & Caribbean, which is 0.2814, 1.7× the median. (33 countries reporting)
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
- 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 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
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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.