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 149 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.
Lending interest rate in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 11.0% | — |
| 1997 | 11.0% | +0.0% |
| 1998 | 11.2% | +1.8% |
| 1999 | 10.4% | -7.1% |
| 2000 | 10.5% | +0.9% |
| 2001 | 11.0% | +4.7% |
| 2002 | 10.6% | -3.5% |
| 2003 | 9.9% | -6.2% |
| 2004 | 8.8% | -11.1% |
| 2005 | 8.7% | -1.8% |
| 2006 | 8.7% | +0.2% |
| 2007 | 8.8% | +1.3% |
| 2008 | 7.9% | -10.1% |
| 2009 | 7.6% | -3.5% |
| 2010 | 7.3% | -4.1% |
| 2011 | 7.5% | +2.8% |
| 2012 | 7.7% | +2.7% |
| 2013 | 7.4% | -4.2% |
| 2014 | 6.9% | -6.3% |
| 2015 | 6.5% | -6.3% |
| 2016 | 6.6% | +1.6% |
| 2017 | 6.8% | +2.5% |
| 2018 | 6.9% | +1.7% |
| 2019 | 7.1% | +3.0% |
| 2020 | 7.0% | -1.2% |
| 2021 | 6.9% | -1.0% |
| 2022 | 6.9% | -0.4% |
Panama compared with similar countries
- Panama's 6.9% is above the median for high income countries, which is 5.2%, 1.3× the median. (42 countries reporting)
- Panama's 6.9% is below the median for Latin America & Caribbean, which is 8.8%, 79% of the median. (31 countries reporting)
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
- 95 Kosovo 6.7% compare
- 95 Kosovo (UNSCR 1244) 6.7% compare
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 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 149 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.