Private credit by deposit money banks and other financial in Panama
Panama: Private credit by deposit money banks and other financial was 84.9% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Panama, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Panama stood at 84.9%.
That represents a change of down 13.1% on the previous year and up 11.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Panama peaked at 97.7% in 2020 and was at its lowest, 8.9%, in 1961.
That places Panama 43rd out of 187 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 9.0% | — |
| 1961 | 8.9% | -0.5% |
| 1962 | 9.2% | +3.4% |
| 1963 | 9.6% | +3.9% |
| 1964 | 10.6% | +10.7% |
| 1965 | 12.3% | +15.9% |
| 1966 | 13.6% | +10.5% |
| 1967 | 15.3% | +12.2% |
| 1968 | 16.9% | +10.6% |
| 1969 | 19.2% | +13.5% |
| 1970 | 24.4% | +27.3% |
| 1971 | 29.0% | +18.8% |
| 1972 | 35.6% | +22.9% |
| 1973 | 39.6% | +11.2% |
| 1974 | 48.1% | +21.4% |
| 1975 | 47.1% | -2.1% |
| 1976 | 45.6% | -3.1% |
| 1977 | 45.5% | -0.2% |
| 1978 | 42.0% | -7.9% |
| 1979 | 43.8% | +4.4% |
| 1980 | 42.2% | -3.7% |
| 1981 | 44.8% | +6.3% |
| 1982 | 40.9% | -8.8% |
| 1983 | 39.9% | -2.4% |
| 1984 | 38.9% | -2.4% |
| 1985 | 38.3% | -1.6% |
| 1986 | 39.1% | +1.9% |
| 1987 | 40.0% | +2.4% |
| 1988 | 36.8% | -8.0% |
| 1989 | 36.6% | -0.4% |
| 1990 | 34.7% | -5.3% |
| 1991 | 39.3% | +13.3% |
| 1992 | 43.0% | +9.4% |
| 1993 | 49.3% | +14.7% |
| 1994 | 54.7% | +10.8% |
| 1995 | 61.1% | +11.8% |
| 1996 | 64.3% | +5.2% |
| 1997 | 68.3% | +6.2% |
| 1998 | 77.8% | +13.9% |
| 1999 | 86.6% | +11.3% |
| 2000 | 90.2% | +4.1% |
| 2001 | 94.7% | +5.1% |
| 2002 | 77.3% | -18.4% |
| 2003 | 72.9% | -5.7% |
| 2004 | 71.5% | -1.8% |
| 2005 | 75.4% | +5.4% |
| 2006 | 77.1% | +2.3% |
| 2007 | 77.8% | +0.8% |
| 2008 | 76.5% | -1.6% |
| 2009 | 72.2% | -5.6% |
| 2010 | 77.5% | +7.2% |
| 2011 | 76.3% | -1.5% |
| 2012 | 75.7% | -0.8% |
| 2013 | 60.9% | -19.5% |
| 2014 | 77.1% | +26.7% |
| 2015 | 79.7% | +3.3% |
| 2016 | 80.8% | +1.4% |
| 2017 | 81.1% | +0.4% |
| 2018 | 80.8% | -0.4% |
| 2019 | 80.1% | -0.8% |
| 2020 | 97.7% | +21.9% |
| 2021 | 84.9% | -13.1% |
Panama compared with similar countries
- Panama's 84.9% is below the median for high income countries, which is 84.9%, 100% of the median. (62 countries reporting)
- Panama's 84.9% is above the median for Latin America & Caribbean, which is 51.7%, 1.6× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.5% | 8.9% | 19.2% | 10 |
| 1970s | 40.1% | 24.4% | 48.1% | 10 |
| 1980s | 39.8% | 36.6% | 44.8% | 10 |
| 1990s | 57.9% | 34.7% | 86.6% | 10 |
| 2000s | 78.6% | 71.5% | 94.7% | 10 |
| 2010s | 77.0% | 60.9% | 81.1% | 10 |
| 2020s | 91.3% | 84.9% | 97.7% | 2 |
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 private credit by deposit money banks and other financial in Panama?
- Private credit by deposit money banks and other financial in Panama was 84.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Panama?
- The highest recorded value was 97.7% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Panama?
- The lowest recorded value was 8.9% in 1961.
- How does Panama rank for private credit by deposit money banks and other financial?
- Panama ranks 43rd out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Panama?
- Over the last ten years it is up 11.3%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)