Panama Domestic Credit Growth

2002 - 2024 | Monthly | % | CEIC Data

Key information about Panama Domestic Credit Growth

  • Panama Domestic Credit increased 4.9 % YoY in Dec 2024, compared with an increase of 5.3 % YoY in the previous month
  • Panama Domestic Credit Growth YoY data is updated monthly
  • It averaged 8.5 %, available from Dec 2002 to Dec 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 63.6 USD bn in Dec 2024
  • Money Supply M2 in Panama increased to 42.2 USD bn YoY in Nov 2024
  • Panama Foreign Exchange Reserves was measured at 6.3 USD bn in Dec 2024
  • The Foreign Exchange Reserves equaled 5.5 Months of Import in Dec 2024
  • The country's Non Performing Loans Ratio stood at 1.5 % in Dec 2024, compared with the ratio of 1.7 % 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 Dec 2024 in the chart:

Panama Domestic Credit Growth

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

Panama Domestic Credit increased 4.9 % YoY in Dec 2024, compared with an increase of 5.3 % YoY in the previous month See the table below for more data.

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

Domestic Credit Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 10.7 Jan 2025 monthly Dec 2003 - Jan 2025
Algeria (%) 13.6 Dec 2024 monthly Dec 2002 - Dec 2024
Argentina (%) 50.1 Dec 2024 monthly Jan 1991 - Dec 2024
Armenia (%) 23.6 Dec 2024 monthly Dec 1994 - Dec 2024
Australia (%) 2.7 Jan 2025 monthly Dec 2002 - Jan 2025
Austria (%) -0.1 Dec 2024 monthly Jan 2000 - Dec 2024
Azerbaijan (%) -0.7 Dec 2024 monthly Dec 2002 - Dec 2024
Bahrain (%) 6.4 Nov 2024 monthly Sep 1992 - Nov 2024
Bangladesh (%) 9.1 Jan 2025 monthly Jul 1988 - Jan 2025
Belarus (%) 13.8 Dec 2024 monthly Dec 2007 - Dec 2024
Belgium (%) 1.2 Dec 2024 monthly Jan 2000 - Dec 2024
Bolivia (%) 6.3 Oct 2023 monthly Dec 2002 - Oct 2023
Bosnia and Herzegovina (%) 11.8 Jan 2025 monthly Aug 1998 - Jan 2025
Botswana (%) 27.4 Sep 2024 quarterly Dec 2005 - Sep 2024
Brazil (%) 6.8 Dec 2024 monthly Dec 2002 - Dec 2024
Brunei (%) 4.7 Dec 2024 monthly Jan 2000 - Dec 2024
Bulgaria (%) 18.4 Jan 2025 monthly Dec 1994 - Jan 2025
Cambodia (%) 2.0 Jan 2025 monthly Dec 1995 - Jan 2025
Canada (%) 3.9 Dec 2024 monthly Jan 1970 - Dec 2024
Chile (%) 4.7 Jan 2025 monthly Dec 1979 - Jan 2025
China (%) 7.9 Jan 2025 monthly Jun 2000 - Jan 2025
Colombia (%) 6.3 Jul 2024 monthly Jan 1994 - Jul 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -0.7 Jan 2025 monthly Nov 2006 - Jan 2025
Czech Republic (%) 6.8 Jan 2025 monthly Jan 2003 - Jan 2025
Denmark (%) -8.3 Dec 2024 monthly Dec 2002 - Dec 2024
Ecuador (%) 5.8 Jan 2025 monthly Jan 2007 - Jan 2025
Egypt (%) 35.7 Jan 2025 monthly Jan 1997 - Jan 2025
Estonia (%) 9.6 Dec 2024 monthly Jun 1993 - Dec 2024
European Union (%) 2.7 Dec 2024 monthly Sep 1998 - Dec 2024
Finland (%) -1.5 Dec 2024 monthly Jan 2000 - Dec 2024
France (%) 1.9 Dec 2024 monthly Jan 2000 - Dec 2024
Georgia (%) 24.2 Jan 2025 monthly Oct 1996 - Jan 2025
Germany (%) 4.8 Dec 2024 monthly Jan 2000 - Dec 2024
Ghana (%) 18.8 Nov 2024 monthly Jan 1968 - Nov 2024
Greece (%) 2.5 Dec 2024 monthly Jan 2002 - Dec 2024
Hong Kong SAR, China (%) 0.7 Dec 2024 monthly Dec 1991 - Dec 2024
Hungary (%) 13.1 Jan 2025 monthly Jan 1999 - Jan 2025
Iceland (%) 9.4 Jan 2025 monthly Sep 1994 - Jan 2025
India (%) 11.1 Dec 2024 monthly Mar 2000 - Dec 2024
Indonesia (%) 6.6 Jan 2025 monthly Jan 2005 - Jan 2025
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) 2.5 Dec 2024 monthly Jan 2000 - Dec 2024
Israel (%) 12.9 Nov 2024 monthly Dec 2000 - Nov 2024
Italy (%) 2.3 Dec 2024 monthly Jan 2000 - Dec 2024
Ivory Coast (%) 12.4 Dec 2024 monthly Jan 1965 - Dec 2024
Japan (%) 0.5 Jan 2025 monthly Apr 2004 - Jan 2025
Jordan (%) 3.0 Dec 2023 monthly Jan 2003 - Dec 2023
Kazakhstan (%) 15.9 Feb 2025 monthly Dec 2002 - Feb 2025
Kenya (%) 3.3 Dec 2024 monthly Dec 1996 - Dec 2024
South Korea (%) 5.7 Dec 2024 monthly Dec 2002 - Dec 2024
Kosovo (%) 18.2 Jan 2025 monthly Nov 2008 - Jan 2025
Kuwait (%) 5.0 Jan 2025 monthly Jan 1995 - Jan 2025
Kyrgyzstan (%) 47.2 Dec 2024 monthly Dec 2003 - Dec 2024
Laos (%) 21.3 Sep 2024 quarterly Dec 1992 - Sep 2024
Latvia (%) -4.9 Dec 2024 monthly Jul 2004 - Dec 2024
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 8.4 Dec 2024 monthly Dec 1994 - Dec 2024
Luxembourg (%) 2.9 Dec 2024 monthly Jan 2000 - Dec 2024
Macau SAR, China (%) -11.1 Nov 2024 monthly Jun 1985 - Nov 2024
North Macedonia (%) 9.8 Jan 2025 monthly Jan 2004 - Jan 2025
Malawi (%) 38.2 Jan 2025 monthly Jan 1976 - Jan 2025
Malaysia (%) 4.3 Jan 2025 monthly Jan 1988 - Jan 2025
Malta (%) 8.4 Jan 2025 monthly Jan 2009 - Jan 2025
Mauritius (%) 14.3 Jan 2025 monthly Jun 2006 - Jan 2025
Mexico (%) 14.8 Dec 2024 monthly Dec 2002 - Dec 2024
Moldova (%) 21.9 Jan 2025 monthly Jan 2001 - Jan 2025
Mongolia (%) 24.7 Jan 2025 monthly Dec 1993 - Jan 2025
Montenegro (%) 4.2 Jan 2025 monthly Jan 2006 - Jan 2025
Morocco (%) 7.3 Jan 2025 monthly Dec 2002 - Jan 2025
Mozambique (%) 21.5 Dec 2024 monthly Dec 2002 - Dec 2024
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 4.3 Feb 2025 monthly Jan 2002 - Feb 2025
Netherlands (%) -1.7 Dec 2024 monthly Dec 2002 - Dec 2024
New Zealand (%) 2.0 Jan 2025 monthly Mar 1989 - Jan 2025
Nigeria (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025
Norway (%) 3.7 Jan 2025 monthly Dec 1986 - Jan 2025
Oman (%) 6.0 Dec 2024 monthly Dec 2000 - Dec 2024
Pakistan (%) 14.2 Jan 2025 monthly Jun 2009 - Jan 2025
Palestinian Territory (%) 2.3 Jan 2025 monthly Dec 1999 - Jan 2025
Panama (%) 4.9 Dec 2024 monthly Dec 2002 - Dec 2024
Paraguay (%) 16.7 Oct 2024 monthly Dec 2002 - Oct 2024
Peru (%) 2.8 Dec 2024 monthly Jan 1993 - Dec 2024
Philippines (%) 10.9 Jan 2025 monthly Dec 2002 - Jan 2025
Poland (%) 5.8 Jan 2025 monthly Dec 1997 - Jan 2025
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 4.3 Jan 2025 monthly Jan 2008 - Jan 2025
Romania (%) 15.1 Dec 2024 monthly Dec 2005 - Dec 2024
Russia (%) 19.1 Jan 2025 monthly Dec 2001 - Jan 2025
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) 10.7 Jan 2025 monthly Dec 2004 - Jan 2025
Singapore (%) 6.1 Jan 2025 monthly Mar 2005 - Jan 2025
Slovakia (%) 1.0 Dec 2024 monthly Jan 2007 - Dec 2024
Slovenia (%) 4.2 Dec 2024 monthly Jan 2005 - Dec 2024
South Africa (%) 6.2 Jan 2025 monthly Mar 1966 - Jan 2025
Spain (%) 0.2 Dec 2024 monthly Jan 2000 - Dec 2024
Sri Lanka (%) 4.3 Jan 2025 monthly Jan 1997 - Jan 2025
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -2.4 Dec 2024 monthly Dec 2002 - Dec 2024
Switzerland (%) 2.6 Jan 2025 monthly Dec 1988 - Jan 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.4 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 693.973 Dec 2024 monthly Jan 1995 - Dec 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,655.2 Jan 2025 monthly Jul 2004 - Jan 2025
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: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 693,972.524 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue (PAB th) 2,942,813.523 Dec 2024 monthly Jan 1995 - Dec 2024
Public Debt: Domestic (USD mn) 9,460.795 Jan 2025 monthly Jul 2004 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,059.7 Dec 2024 monthly Jan 1964 - Dec 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 20.8 Dec 2024 monthly Jan 2001 - Dec 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) 1,144.1 Dec 2024 monthly Jan 2000 - Dec 2024
Total Imports Growth (%) -1.9 Dec 2024 monthly Jan 2001 - Dec 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) 13.974 Nov 2024 monthly Jan 1970 - Nov 2024
Total Imports from USA (USD mn) 172.879 Nov 2024 monthly Jan 1967 - Nov 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 166.517 Nov 2024 monthly Mar 1989 - Nov 2024
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB (PAB th) 84,431.775 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
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) 44,194.4 Jan 2025 monthly Jul 2004 - Jan 2025
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
BoP: CA: Services: Credit (PAB mn) 5,032.566 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: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 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
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 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: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 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: Debit (PAB mn) 0.000 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 (%) 1.5 Dec 2024 monthly Dec 2008 - Dec 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,468.720 Dec 2024 monthly Dec 2008 - Dec 2024
Money Supply M1 (USD mn) 9,218.690 Dec 2024 monthly Dec 2002 - Dec 2024
Money Supply M2 (USD mn) 43,274.380 Dec 2024 monthly Dec 2002 - Dec 2024
M2 Growth (%) 9.5 Dec 2024 monthly Dec 2003 - Dec 2024
Foreign Exchange Reserves (USD mn) 5,610.8 Jan 2025 monthly Oct 1969 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.5 Dec 2024 monthly Jan 2000 - Dec 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 110,484.526 Dec 2024 monthly Dec 1998 - Dec 2024
Total Deposits Growth (%) 5.1 Dec 2024 monthly Dec 1999 - Dec 2024
Domestic Credit (USD mn) 63,585.5 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit Growth (%) 4.9 Dec 2024 monthly Dec 2002 - Dec 2024
Household Debt (USD mn) 32,866.2 Dec 2024 monthly Oct 2005 - Dec 2024
Total Loans (USD mn) 97,419.720 Dec 2024 monthly Dec 1998 - Dec 2024
Total Loans Growth (%) 8.86 Dec 2024 monthly Dec 1999 - Dec 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 43,274.380 Dec 2024 monthly Dec 2002 - Dec 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,113.420 Dec 2024 monthly Dec 2002 - Dec 2024

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