Panama Household Debt: % of GDP
2007 - 2024 | Quarterly | % | CEIC Data
Key information about Panama Household Debt: % of GDP
- Panama household debt accounted for 38.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 38.2 % in the previous quarter.
- Panama household debt to GDP ratio is updated quarterly, available from Dec 2007 to Sep 2024.
- The data reached an all-time high of 50.8 % in Mar 2021 and a record low of 33.1 % in Mar 2013.
CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Superintendency of Banks of Panama provides Household Debt in local currency. The National Institute of Statistics and Census provides Nominal GDP in local currency based on SNA 2008. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans. Nominal GDP prior to Q4 2018 is based on SNA 1993.
Related information about Panama Household Debt: % of GDP
- In the latest reports, Panama Household Debt reached 32.7 USD bn in Oct 2024.
- Money Supply M2 in Panama increased 8.7 % YoY in Jul 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.
- Panama Domestic Credit reached 64.1 USD bn in Oct 2024, representing an increased of 5.8 % YoY.
- 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.
View Panama's Household Debt: % of GDP from Dec 2007 to Sep 2024 in the chart:
What was Panama's Household Debt: % of GDP in Sep 2024?
Panama household debt accounted for 38.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 38.2 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 38.3 Sep 2024 | 38.2 Jun 2024 | 33.1 Mar 2013 | 50.8 Mar 2021 | % | quarterly | Dec 2007 - Sep 2024 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 12.0 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Argentina (%) | 4.1 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| Armenia (%) | 28.4 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Austria (%) | 44.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Azerbaijan (%) | 13.2 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Belarus (%) | 10.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Belgium (%) | 58.4 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
| Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
| Bosnia and Herzegovina (%) | 24.8 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Botswana (%) | 20.9 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Brunei (%) | 14.5 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Bulgaria (%) | 27.8 2023 | yearly | 1995 - 2023 |
| Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 |
| Canada (%) | 99.1 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Chile (%) | 39.2 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Colombia (%) | 31.5 Jun 2024 | quarterly | Dec 2015 - Jun 2024 |
| Croatia (%) | 32.7 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
| Cyprus (%) | 83.3 2022 | yearly | 1995 - 2022 |
| Czech Republic (%) | 34.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Denmark (%) | 92.2 2023 | yearly | 1994 - 2023 |
| Ecuador (%) | 17.2 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Egypt (%) | 7.3 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Estonia (%) | 38.7 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| European Union (%) | 44.4 Sep 2024 | quarterly | Sep 1997 - Sep 2024 |
| Finland (%) | 74.8 2023 | yearly | 1995 - 2023 |
| France (%) | 74.2 2023 | yearly | 1977 - 2023 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 50.4 Jun 2024 | quarterly | Dec 1991 - Jun 2024 |
| Greece (%) | 46.2 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Hong Kong SAR, China (%) | 89.0 Sep 2024 | quarterly | Mar 1982 - Sep 2024 |
| Hungary (%) | 19.9 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Iceland (%) | 73.1 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| India (%) | 17.4 2024 | yearly | 1998 - 2024 |
| Indonesia (%) | 9.9 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Ireland (%) | 32.1 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Israel (%) | 42.6 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Italy (%) | 48.6 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Japan (%) | 65.1 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| Jordan (%) | 80.6 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| South Korea (%) | 93.7 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Kosovo (%) | 22.0 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Kuwait (%) | 0.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kyrgyzstan (%) | 8.7 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Latvia (%) | 22.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Lithuania (%) | 28.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Luxembourg (%) | 64.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Macau SAR, China (%) | 80.5 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| North Macedonia (%) | 26.0 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
| Malta (%) | 40.3 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 16.5 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Mongolia (%) | 26.4 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Montenegro (%) | 25.6 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 97.4 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| New Zealand (%) | 89.9 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
| Norway (%) | 90.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Panama (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Peru (%) | 15.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Philippines (%) | 11.3 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Poland (%) | 23.5 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Portugal (%) | 66.5 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Romania (%) | 15.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Saudi Arabia (%) | 12.1 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Serbia (%) | 16.9 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Singapore (%) | 52.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Slovakia (%) | 44.6 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Slovenia (%) | 27.7 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| South Africa (%) | 40.7 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Spain (%) | 48.9 Jun 2024 | quarterly | Dec 1989 - Jun 2024 |
| Sri Lanka (%) | 6.5 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Sweden (%) | 86.2 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Switzerland (%) | 128.2 2023 | yearly | 1999 - 2023 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan (%) | 88.1 2022 | yearly | 2000 - 2022 |
| Thailand (%) | 89.0 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 10.3 Jun 2024 | quarterly | Dec 2014 - Jun 2024 |
| Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
| United Kingdom (%) | 81.5 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| United States (%) | 62.3 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Uruguay (%) | 11.1 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doPanama 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) | 376.798 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Tax Revenue: % of GDP (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| National Government Debt (USD mn) | 53,873.6 Nov 2024 | monthly | Jul 2004 - Nov 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) | 509,360.329 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 150,376.752 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 376,797.799 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Public Debt: Domestic (USD mn) | 9,827.461 Nov 2024 | monthly | Jul 2004 - Nov 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,259.9 Oct 2024 | monthly | Jan 1964 - Oct 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -71.9 Oct 2024 | monthly | Jan 2001 - Oct 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) | 1,349.5 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Imports Growth (%) | 8.2 Oct 2024 | monthly | Jan 2001 - Oct 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: 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 |
| Export Value Index (2015=100) | 115.979 2021 | yearly | 1981 - 2021 |
| Import Value Index (2015=100) | 91.522 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) | 44,046.2 Nov 2024 | monthly | Jul 2004 - Nov 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 |
| BoP: CA: Goods (PAB mn) | -1,502.437 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods: Debit (PAB mn) | -5,833.509 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services: Debit (PAB mn) | -1,348.937 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: Capital Account: Credit (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services (PAB mn) | 3,683.629 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: Financial Account (FA) (PAB mn) | 1,446.866 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income (PAB mn) | -1,297.490 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Direct Investment (PAB mn) | 674.772 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services: Credit (PAB mn) | 5,032.566 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: Credit (PAB mn) | 1,000.008 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income: Debit (PAB mn) | -2,297.497 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Financing: Reserve Assets (PAB mn) | -5.330 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| International Investment Position (IIP) (USD mn) | -78,418.321 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Assets (USD mn) | 103,227.647 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Liabilities (USD mn) | 181,645.968 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) | 107,351.873 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Deposits Growth (%) | 6.8 Sep 2024 | monthly | Dec 1999 - Sep 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) | 96,404.929 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Loans Growth (%) | 8.77 Sep 2024 | monthly | Dec 1999 - Sep 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
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.