Lending interest rate in Panama
Panama: Lending interest rate was 6.9% in 2022. ▼ Falling
Lending interest rate in Panama, 1996–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2022, lending interest rate in Panama stood at 6.9%.
The figure is down 0.4% on the previous year and down 10.6% over ten years.
Over the whole period, lending interest rate in Panama peaked at 11.2% in 1998 and was at its lowest, 6.5%, in 2015.
That places Panama 92nd out of 148 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.9% | 10.4% | 11.2% | 4 |
| 2000s | 9.2% | 7.6% | 11.0% | 10 |
| 2010s | 7.1% | 6.5% | 7.7% | 10 |
| 2020s | 7.0% | 6.9% | 7.0% | 3 |
Countries ranked near Panama
- 89 Trinidad and Tobago 7.5% compare
- 90 Philippines 7.1% compare
- 91 Saint Vincent and the Grenadines 7.1% compare
- 93 Costa Rica 6.9% compare
- 94 Grenada 6.9% compare
More financial sector data for Panama
- Domestic credit to private sector by banks 66.8% (2025)
- Total reserves in months of imports 1.74 (2025)
- Net domestic credit 50.62 billion current LCU (2020)
- Net foreign assets 9.33 billion current LCU (2020)
- Monetary Sector credit to private sector 98.2% (2020)
- Broad money 76.2% (2008)
- Claims on central government, etc. -11.4% (2020)
- Domestic credit to private sector 100.2% (2020)
- Official exchange rate 1 LCU per US$, period average (2025)
- Net migration 6,151 (2025)
Frequently asked questions
- What is lending interest rate in Panama?
- Lending interest rate in Panama was 6.9% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Panama?
- The highest recorded value was 11.2% in 1998.
- What is the lowest lending interest rate recorded in Panama?
- The lowest recorded value was 6.5% in 2015.
- How does Panama rank for lending interest rate?
- Panama ranks 92nd out of 148 countries with data for 2022.
- Is lending interest rate rising or falling in Panama?
- Over the last ten years it is down 10.6%. 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 Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.