Panama Domestic Credit Growth

2002 - 2024 | Monthly | % | CEIC Data

Key information about Panama Domestic Credit Growth

  • Panama Domestic Credit increased 5.3 % YoY in Nov 2024, compared with an increase of 5.8 % YoY in the previous month
  • Panama Domestic Credit Growth YoY data is updated monthly
  • It averaged 8.5 %, available from Dec 2002 to Nov 2024
  • The data reached an all-time high of 21.2 % in Oct 2016 and a record low of -4.4 % in Feb 2003

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The Superintendency of Banks of Panama provides Domestic Credit in local currency. Domestic Credit prior to December 2003 is sourced from the International Monetary Fund.


Further information about Panama Domestic Credit Growth

  • In the latest reports, Panama Domestic Credit reached 64.2 USD bn in Nov 2024
  • Money Supply M2 in Panama increased to 41.6 USD bn YoY in Sep 2024
  • Panama Foreign Exchange Reserves was measured at 5.7 USD bn in Oct 2024
  • The Foreign Exchange Reserves equaled 4.2 Months of Import in Oct 2024
  • The country's Non Performing Loans Ratio stood at 1.6 % in Oct 2024, compared with the ratio of 1.6 % in the previous month
  • Household Debt of Panama reached 38.3 % in Sep 2024, accounting for 38.3 % of the country's Nominal GDP

View Panama's Domestic Credit Growth from Dec 2002 to Nov 2024 in the chart:

Panama Domestic Credit Growth

What was Panama's Domestic Credit Growth in Nov 2024?

Panama Domestic Credit increased 5.3 % YoY in Nov 2024, compared with an increase of 5.8 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
5.3 Nov 2024 5.8 Oct 2024 -4.4 Feb 2003 21.2 Oct 2016 % monthly Dec 2002 - Nov 2024

Domestic Credit Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 8.5 Nov 2024 monthly Dec 2003 - Nov 2024
Algeria (%) 14.3 Oct 2024 monthly Dec 2002 - Oct 2024
Argentina (%) 150.1 Oct 2024 monthly Jan 1991 - Oct 2024
Armenia (%) 20.7 Oct 2024 monthly Dec 1994 - Oct 2024
Australia (%) -1.3 Nov 2024 monthly Dec 2002 - Nov 2024
Austria (%) -1.3 Oct 2024 monthly Jan 2000 - Oct 2024
Azerbaijan (%) -1.0 Oct 2024 monthly Dec 2002 - Oct 2024
Bahrain (%) 6.4 Nov 2024 monthly Sep 1992 - Nov 2024
Bangladesh (%) 9.9 Nov 2024 monthly Jul 1988 - Nov 2024
Belarus (%) 13.8 Dec 2024 monthly Dec 2007 - Dec 2024
Belgium (%) 0.0 Oct 2024 monthly Jan 2000 - Oct 2024
Bolivia (%) 6.3 Oct 2023 monthly Dec 2002 - Oct 2023
Bosnia and Herzegovina (%) 10.4 Nov 2024 monthly Aug 1998 - Nov 2024
Botswana (%) 27.4 Sep 2024 quarterly Dec 2005 - Sep 2024
Brazil (%) 8.7 Nov 2024 monthly Dec 2002 - Nov 2024
Brunei (%) 20.6 Jul 2024 monthly Jan 2000 - Jul 2024
Bulgaria (%) 19.9 Nov 2024 monthly Dec 1994 - Nov 2024
Cambodia (%) 1.3 Nov 2024 monthly Dec 1995 - Nov 2024
Canada (%) 3.6 Nov 2024 monthly Jan 1970 - Nov 2024
Chile (%) 4.5 Oct 2024 monthly Dec 1979 - Oct 2024
China (%) 8.4 Dec 2024 monthly Jun 2000 - Dec 2024
Colombia (%) 6.3 Jul 2024 monthly Jan 1994 - Jul 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -1.9 Nov 2024 monthly Nov 2006 - Nov 2024
Czech Republic (%) 6.3 Nov 2024 monthly Jan 2003 - Nov 2024
Denmark (%) -6.7 Oct 2024 monthly Dec 2002 - Oct 2024
Ecuador (%) 6.0 Nov 2024 monthly Jan 2007 - Nov 2024
Egypt (%) 31.4 Nov 2024 monthly Jan 1997 - Nov 2024
Estonia (%) 3.9 Oct 2024 monthly Jun 1993 - Oct 2024
European Union (%) -0.9 Oct 2024 monthly Sep 1998 - Oct 2024
Finland (%) -4.3 Oct 2024 monthly Jan 2000 - Oct 2024
France (%) 1.4 Oct 2024 monthly Jan 2000 - Oct 2024
Georgia (%) 20.8 Nov 2024 monthly Oct 1996 - Nov 2024
Germany (%) -6.2 Oct 2024 monthly Jan 2000 - Oct 2024
Ghana (%) -3.5 Jul 2024 monthly Jan 1968 - Jul 2024
Greece (%) 0.6 Oct 2024 monthly Jan 2002 - Oct 2024
Hong Kong SAR, China (%) 3.0 Sep 2024 monthly Dec 1991 - Sep 2024
Hungary (%) 8.3 Nov 2024 monthly Jan 1999 - Nov 2024
Iceland (%) 9.4 Oct 2024 monthly Sep 1994 - Oct 2024
India (%) 11.5 Nov 2024 monthly Mar 2000 - Nov 2024
Indonesia (%) 8.5 Nov 2024 monthly Jan 2005 - Nov 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -3.4 Oct 2024 monthly Jan 2000 - Oct 2024
Israel (%) 13.4 Oct 2024 monthly Dec 2000 - Oct 2024
Italy (%) 2.9 Oct 2024 monthly Jan 2000 - Oct 2024
Ivory Coast (%) 10.9 Aug 2024 monthly Jan 1965 - Aug 2024
Japan (%) 1.7 Nov 2024 monthly Apr 2004 - Nov 2024
Jordan (%) 3.0 Dec 2023 monthly Jan 2003 - Dec 2023
Kazakhstan (%) 20.6 Nov 2024 monthly Dec 2002 - Nov 2024
Kenya (%) 2.3 Sep 2024 monthly Dec 1996 - Sep 2024
South Korea (%) 5.0 Nov 2024 monthly Dec 2002 - Nov 2024
Kosovo (%) 17.0 Oct 2024 monthly Nov 2008 - Oct 2024
Kuwait (%) 2.4 Nov 2024 monthly Jan 1995 - Nov 2024
Kyrgyzstan (%) 35.1 Oct 2024 monthly Dec 2003 - Oct 2024
Laos (%) 21.3 Sep 2024 quarterly Dec 1992 - Sep 2024
Latvia (%) -0.5 Oct 2024 monthly Jul 2004 - Oct 2024
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 8.4 Oct 2024 monthly Dec 1994 - Oct 2024
Luxembourg (%) 1.9 Oct 2024 monthly Jan 2000 - Oct 2024
Macau SAR, China (%) -11.1 Nov 2024 monthly Jun 1985 - Nov 2024
North Macedonia (%) 5.6 Nov 2024 monthly Jan 2004 - Nov 2024
Malawi (%) 56.3 Oct 2024 monthly Jan 1976 - Oct 2024
Malaysia (%) 4.8 Nov 2024 monthly Jan 1988 - Nov 2024
Malta (%) 7.1 Oct 2024 monthly Jan 2009 - Oct 2024
Mauritius (%) 10.9 Nov 2024 monthly Jun 2006 - Nov 2024
Mexico (%) 12.9 Oct 2024 monthly Dec 2002 - Oct 2024
Moldova (%) 18.9 Nov 2024 monthly Jan 2001 - Nov 2024
Mongolia (%) 22.5 Nov 2024 monthly Dec 1993 - Nov 2024
Montenegro (%) 3.6 Nov 2024 monthly Jan 2006 - Nov 2024
Morocco (%) 6.3 Nov 2024 monthly Dec 2002 - Nov 2024
Mozambique (%) 12.5 Nov 2024 monthly Dec 2002 - Nov 2024
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 4.9 Dec 2024 monthly Jan 2002 - Dec 2024
Netherlands (%) -5.9 Oct 2024 monthly Dec 2002 - Oct 2024
New Zealand (%) 1.8 Nov 2024 monthly Mar 1989 - Nov 2024
Nigeria (%) 35.4 Nov 2024 monthly Nov 1993 - Nov 2024
Norway (%) 3.3 Nov 2024 monthly Dec 1986 - Nov 2024
Oman (%) 3.7 Nov 2024 monthly Dec 2000 - Nov 2024
Pakistan (%) 16.2 Nov 2024 monthly Jun 2009 - Nov 2024
Palestinian Territory (%) 2.4 Nov 2024 monthly Dec 1999 - Nov 2024
Panama (%) 5.3 Nov 2024 monthly Dec 2002 - Nov 2024
Paraguay (%) 16.7 Oct 2024 monthly Dec 2002 - Oct 2024
Peru (%) 17.5 Jul 2024 monthly Jan 1993 - Jul 2024
Philippines (%) 10.8 Nov 2024 monthly Dec 2002 - Nov 2024
Poland (%) 5.3 Nov 2024 monthly Dec 1997 - Nov 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 4.8 Nov 2024 monthly Jan 2008 - Nov 2024
Romania (%) 12.4 Nov 2024 monthly Dec 2005 - Nov 2024
Russia (%) 20.9 Nov 2024 monthly Dec 2001 - Nov 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) 7.0 Nov 2024 monthly Dec 2004 - Nov 2024
Singapore (%) 5.5 Nov 2024 monthly Mar 2005 - Nov 2024
Slovakia (%) 1.2 Oct 2024 monthly Jan 2007 - Oct 2024
Slovenia (%) 5.8 Oct 2024 monthly Jan 2005 - Oct 2024
South Africa (%) 6.8 Oct 2024 monthly Mar 1966 - Oct 2024
Spain (%) -1.0 Oct 2024 monthly Jan 2000 - Oct 2024
Sri Lanka (%) 3.9 Nov 2024 monthly Jan 1997 - Nov 2024
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -6.5 Oct 2024 monthly Dec 2002 - Oct 2024
Switzerland (%) 2.1 Nov 2024 monthly Dec 1988 - Nov 2024

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 383.621 Nov 2024 monthly Jan 1995 - Nov 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,736.7 Dec 2024 monthly Jul 2004 - Dec 2024
Government Debt: % of GDP (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue (PAB th) 473,743.679 Nov 2024 monthly Jan 1995 - Nov 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 383,621.030 Nov 2024 monthly Jan 1995 - Nov 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 185,808.129 Nov 2024 monthly Jan 1995 - Nov 2024
Public Debt: Domestic (USD mn) 9,460.795 Dec 2024 monthly Jul 2004 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -994.3 Nov 2024 monthly Jan 1964 - Nov 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 38.3 Nov 2024 monthly Jan 2001 - Nov 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 329,464.345 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 10,079.101 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,063.8 Nov 2024 monthly Jan 2000 - Nov 2024
Total Imports Growth (%) 3.6 Nov 2024 monthly Jan 2001 - Nov 2024
Imports: Medicament (USD th) 1,071,085.390 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 333,744.579 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 33.249 Sep 2024 monthly Jan 1970 - Sep 2024
Total Imports from USA (USD mn) 204.656 Sep 2024 monthly Jan 1967 - Sep 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 225.157 Sep 2024 monthly Mar 1989 - Sep 2024
Exports: FOB: Prawn (PAB th) 8,396.849 Nov 2024 monthly Jan 2000 - Nov 2024
Exports: FOB: Seafood Products (PAB th) 7,133.573 Nov 2024 monthly Jan 2002 - Nov 2024
Exports: FOB: Banana (PAB th) 16,543.621 Nov 2024 monthly Jan 2000 - Nov 2024
Exports: FOB (PAB th) 69,486.736 Nov 2024 monthly Jan 2000 - Nov 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 52.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Current Account Balance (USD mn) 824.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance: % of GDP (%) 3.9 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Direct Investment (USD mn) 726.8 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment: % of GDP (%) 3.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -1.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
External Debt (USD mn) 44,275.9 Dec 2024 monthly Jul 2004 - Dec 2024
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -78,418.321 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 824.140 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Debit (PAB mn) -5,833.509 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
Foreign Direct Investment (FDI) (PAB mn) 726.814 Sep 2024 quarterly Mar 2013 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Oct 2024 monthly Dec 2008 - Oct 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,559.690 Oct 2024 monthly Dec 2008 - Oct 2024
Money Supply M1 (USD mn) 8,471.220 Sep 2024 monthly Dec 2002 - Sep 2024
Money Supply M2 (USD mn) 41,589.720 Sep 2024 monthly Dec 2002 - Sep 2024
M2 Growth (%) 9.8 Sep 2024 monthly Dec 2003 - Sep 2024
Foreign Exchange Reserves (USD mn) 5,684.4 Oct 2024 monthly Oct 1969 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2000 - Oct 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,402.904 Nov 2024 monthly Dec 1998 - Nov 2024
Total Deposits Growth (%) 3.1 Nov 2024 monthly Dec 1999 - Nov 2024
Domestic Credit (USD mn) 64,183.2 Nov 2024 monthly Dec 2001 - Nov 2024
Domestic Credit Growth (%) 5.3 Nov 2024 monthly Dec 2002 - Nov 2024
Household Debt (USD mn) 32,710.8 Oct 2024 monthly Oct 2005 - Oct 2024
Total Loans (USD mn) 97,213.172 Nov 2024 monthly Dec 1998 - Nov 2024
Total Loans Growth (%) 8.23 Nov 2024 monthly Dec 1999 - Nov 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 41,589.720 Sep 2024 monthly Dec 2002 - Sep 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,071.440 Nov 2024 monthly Dec 2002 - Nov 2024

More Indicators for Panama

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