Private credit by deposit money banks to GDP in Panama
Panama: Private credit by deposit money banks to GDP was 83.1% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Panama, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Panama stood at 83.1%.
Compared with earlier readings it is down 13.1% on the previous year and up 11.1% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Panama peaked at 95.7% in 2020 and was at its lowest, 8.9%, in 1961.
Panama ranks 39th of 187 countries on this measure, 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 to GDP 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 | 76.1% | +5.3% |
| 2011 | 74.8% | -1.7% |
| 2012 | 74.2% | -0.9% |
| 2013 | 59.7% | -19.5% |
| 2014 | 75.6% | +26.7% |
| 2015 | 77.9% | +3.0% |
| 2016 | 79.1% | +1.6% |
| 2017 | 79.5% | +0.5% |
| 2018 | 79.1% | -0.4% |
| 2019 | 78.4% | -1.0% |
| 2020 | 95.7% | +22.0% |
| 2021 | 83.1% | -13.1% |
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 | 75.4% | 59.7% | 79.5% | 10 |
| 2020s | 89.4% | 83.1% | 95.7% | 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 to gdp in Panama?
- Private credit by deposit money banks to gdp in Panama was 83.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Panama?
- The highest recorded value was 95.7% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Panama?
- The lowest recorded value was 8.9% in 1961.
- How does Panama rank for private credit by deposit money banks to gdp?
- Panama ranks 39th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Panama?
- Over the last ten years it is up 11.1%. 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 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 (IFS line 22d); 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).