Number of Borrowers, Commercial Banks, of Which: Household Sector in Panama
Panama: Number of Borrowers, Commercial Banks, of Which: Household Sector was 1.31 million in 2024. ▲ Rising
Number of Borrowers, Commercial Banks, of Which: Household Sector in Panama, 2014–2024
Source: International Monetary Fund.
Analysis
In 2024, number of borrowers, commercial banks, of which: household sector in Panama stood at 1.31 million. That is the highest value across all 11 years on record.
The figure is up 3.0% on the previous year and up 37.2% over ten years.
Over the whole period, number of borrowers, commercial banks, of which: household sector in Panama peaked at 1.31 million in 2024 and was at its lowest, 951,228, in 2014.
Panama ranks 41st of 89 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Number of Borrowers, Commercial Banks, of Which: Household Sector in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 951,228 | — |
| 2015 | 1.03 million | +7.9% |
| 2016 | 1.05 million | +2.2% |
| 2017 | 1.06 million | +0.6% |
| 2018 | 1.16 million | +10.0% |
| 2019 | 1.27 million | +9.3% |
| 2020 | 1.13 million | -10.8% |
| 2021 | 1.15 million | +1.9% |
| 2022 | 1.20 million | +3.8% |
| 2023 | 1.27 million | +5.8% |
| 2024 | 1.31 million | +3.0% |
Panama compared with similar countries
- Panama's 1.31 million is below the median for high income countries, which is 2.09 million, 62% of the median. (27 countries reporting)
- Panama's 1.31 million is below the median for Latin America & Caribbean, which is 2.19 million, 60% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.09 million | 951,228 | 1.27 million | 6 |
| 2020s | 1.21 million | 1.13 million | 1.31 million | 5 |
Countries ranked near Panama
- 38 Dominican Republic 1.74 million compare
- 39 Uganda 1.68 million compare
- 40 Georgia 1.60 million compare
- 42 Mongolia 1.22 million compare
- 43 Costa Rica 1.05 million compare
- 44 Bosnia and Herzegovina 894,043 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 number of borrowers, commercial banks, of which: household sector in Panama?
- Number of borrowers, commercial banks, of which: household sector in Panama was 1.31 million in 2024, according to International Monetary Fund.
- What is the highest number of borrowers, commercial banks, of which: household sector recorded in Panama?
- The highest recorded value was 1.31 million in 2024.
- What is the lowest number of borrowers, commercial banks, of which: household sector recorded in Panama?
- The lowest recorded value was 951,228 in 2014.
- How does Panama rank for number of borrowers, commercial banks, of which: household sector?
- Panama ranks 41st out of 89 countries with data for 2024.
- Is number of borrowers, commercial banks, of which: household sector rising or falling in Panama?
- Over the last ten years it is up 37.2%. 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 Number of Borrowers, Commercial Banks, of Which: Household Sector Borrowers. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.