Panama Domestic Credit Growth

2002 - 2025 | Monthly | % | CEIC Data

Key information about Panama Domestic Credit Growth

  • Panama Domestic Credit increased 1.2 % YoY in Nov 2025, compared with an increase of 1.6 % YoY in the previous month
  • Panama Domestic Credit Growth YoY data is updated monthly
  • It averaged 10.1 %, available from Dec 2002 to Nov 2025
  • 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 65.0 USD bn in Nov 2025
  • Money Supply M2 in Panama increased to 45.6 USD bn YoY in Sep 2025
  • Panama Foreign Exchange Reserves was measured at 5.4 USD bn in Nov 2025
  • The Foreign Exchange Reserves equaled 3.5 Months of Import in Oct 2025
  • The country's Non Performing Loans Ratio stood at 1.6 % in Nov 2025, compared with the ratio of 1.5 % in the previous month
  • Household Debt of Panama reached 37.7 % in Sep 2025, accounting for 37.7 % of the country's Nominal GDP

View Panama's Domestic Credit Growth from Dec 2002 to Nov 2025 in the chart:

Panama Domestic Credit Growth

What was Panama's Domestic Credit Growth in Nov 2025?

Panama Domestic Credit increased 1.2 % YoY in Nov 2025, compared with an increase of 1.6 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.2 Nov 2025 1.6 Oct 2025 -4.4 Feb 2003 21.2 Oct 2016 % monthly Dec 2002 - Nov 2025

Domestic Credit Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 10.6 Nov 2025 monthly Dec 2003 - Nov 2025
Algeria (%) 9.5 Sep 2025 monthly Dec 2002 - Sep 2025
Argentina (%) 67.2 Nov 2025 monthly Jan 1991 - Nov 2025
Armenia (%) 20.6 Nov 2025 monthly Dec 1994 - Nov 2025
Australia (%) 5.1 Oct 2025 monthly Dec 2002 - Oct 2025
Austria (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Azerbaijan (%) 17.7 Nov 2025 monthly Dec 2002 - Nov 2025
Bahrain (%) 7.0 Nov 2025 monthly Sep 1992 - Nov 2025
Bangladesh (%) 10.3 Nov 2025 monthly Jul 1988 - Nov 2025
Belarus (%) 11.6 Dec 2025 monthly Dec 2007 - Dec 2025
Belgium (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Bolivia (%) 10.8 Aug 2025 monthly Dec 2002 - Aug 2025
Bosnia and Herzegovina (%) 13.4 Nov 2025 monthly Aug 1998 - Nov 2025
Botswana (%) 9.6 Sep 2025 quarterly Dec 2005 - Sep 2025
Brazil (%) 13.4 Nov 2025 monthly Dec 2002 - Nov 2025
Brunei (%) 4.7 Dec 2024 monthly Jan 2000 - Dec 2024
Bulgaria (%) 14.4 Nov 2025 monthly Dec 1994 - Nov 2025
Cambodia (%) 5.1 Nov 2025 monthly Dec 1995 - Nov 2025
Canada (%) 4.4 Nov 2025 monthly Jan 1970 - Nov 2025
Chile (%) 4.6 Nov 2025 monthly Dec 1979 - Nov 2025
China (%) 7.6 Dec 2025 monthly Jun 2000 - Dec 2025
Colombia (%) 10.9 Oct 2025 monthly Dec 1992 - Oct 2025
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) 2.8 Nov 2025 monthly Nov 2006 - Nov 2025
Czech Republic (%) 8.0 Nov 2025 monthly Jan 2003 - Nov 2025
Denmark (%) -11.6 May 2025 monthly Dec 2002 - May 2025
Ecuador (%) 10.1 Dec 2025 monthly Jan 2007 - Dec 2025
Egypt (%) 24.1 Nov 2025 monthly Jan 1997 - Nov 2025
Estonia (%) -100.0 May 2025 monthly Jun 1993 - May 2025
European Union (%) 0.5 May 2025 monthly Sep 1998 - May 2025
Finland (%) -100.0 May 2025 monthly Jan 2000 - May 2025
France (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Georgia (%) 13.1 Dec 2025 monthly Oct 1996 - Dec 2025
Germany (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Ghana (%) -9.1 May 2025 monthly Jan 1968 - May 2025
Greece (%) -100.0 May 2025 monthly Jan 2002 - May 2025
Hong Kong SAR, China (%) 3.1 Oct 2025 monthly Dec 1991 - Oct 2025
Hungary (%) 6.1 Nov 2025 monthly Jan 1999 - Nov 2025
Iceland (%) 7.8 Feb 2025 monthly Sep 1994 - Feb 2025
India (%) 12.6 Nov 2025 monthly Mar 2000 - Nov 2025
Indonesia (%) 9.7 Dec 2025 monthly Jan 2005 - Dec 2025
Iran (%) 26.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Israel (%) 13.0 Oct 2025 monthly Dec 2000 - Oct 2025
Italy (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Ivory Coast (%) 10.9 Nov 2025 monthly Jan 1965 - Nov 2025
Japan (%) -1.1 Nov 2025 monthly Apr 2004 - Nov 2025
Jordan (%) 3.0 Dec 2023 monthly Jan 2003 - Dec 2023
Kazakhstan (%) 12.0 Nov 2025 monthly Dec 2002 - Nov 2025
Kenya (%) 8.0 Jul 2025 monthly Dec 1996 - Jul 2025
South Korea (%) 5.4 Nov 2025 monthly Dec 2002 - Nov 2025
Kosovo (%) 15.9 Nov 2025 monthly Nov 2008 - Nov 2025
Kuwait (%) 16.7 Oct 2025 monthly Jan 1995 - Oct 2025
Kyrgyzstan (%) 69.6 Dec 2025 monthly Dec 2003 - Dec 2025
Laos (%) 12.2 Dec 2025 quarterly Dec 1992 - Dec 2025
Latvia (%) -100.0 May 2025 monthly Jul 2004 - May 2025
Lebanon (%) -26.1 Sep 2025 monthly Dec 1977 - Sep 2025
Lithuania (%) -100.0 May 2025 monthly Dec 1994 - May 2025
Luxembourg (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Macau SAR, China (%) -27.7 Nov 2025 monthly Jun 1985 - Nov 2025
North Macedonia (%) 17.8 Dec 2025 monthly Jan 2004 - Dec 2025
Malawi (%) 51.0 Nov 2025 monthly Jan 1976 - Nov 2025
Malaysia (%) 5.2 Nov 2025 monthly Jan 1988 - Nov 2025
Malta (%) 8.0 Nov 2025 monthly Jan 2009 - Nov 2025
Mauritius (%) 10.3 Nov 2025 monthly Jun 2006 - Nov 2025
Mexico (%) 8.3 Nov 2025 monthly Dec 2002 - Nov 2025
Moldova (%) 18.6 Nov 2025 monthly Jan 2001 - Nov 2025
Mongolia (%) 22.7 Oct 2025 monthly Dec 1992 - Oct 2025
Montenegro (%) 9.7 Dec 2025 monthly Jan 2006 - Dec 2025
Morocco (%) 7.4 Nov 2025 monthly Dec 2002 - Nov 2025
Mozambique (%) 12.6 Aug 2025 monthly Dec 2002 - Aug 2025
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 4.2 Nov 2025 monthly Jan 2002 - Nov 2025
Netherlands (%) -100.0 May 2025 monthly Dec 2002 - May 2025
New Zealand (%) 4.1 Nov 2025 monthly Mar 1989 - Nov 2025
Nigeria (%) 4.7 Dec 2025 monthly Apr 1991 - Dec 2025
Norway (%) 3.8 Nov 2025 monthly Dec 1986 - Nov 2025
Oman (%) 10.0 Nov 2025 monthly Dec 2000 - Nov 2025
Pakistan (%) 11.3 Dec 2025 monthly Jun 2009 - Dec 2025
Palestinian Territory (%) 8.0 Nov 2025 monthly Dec 1999 - Nov 2025
Panama (%) 1.2 Nov 2025 monthly Dec 2002 - Nov 2025
Paraguay (%) 13.7 Nov 2025 monthly Dec 2002 - Nov 2025
Peru (%) 13.0 Nov 2025 monthly Jan 1993 - Nov 2025
Philippines (%) 10.6 Nov 2025 monthly Dec 2002 - Nov 2025
Poland (%) 10.9 Dec 2025 monthly Dec 1997 - Dec 2025
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 6.0 Nov 2025 monthly Jan 2008 - Nov 2025
Romania (%) 9.3 Nov 2025 monthly Dec 2005 - Nov 2025
Russia (%) 14.1 May 2025 monthly Dec 2001 - May 2025
Saudi Arabia (%) 13.9 Sep 2025 quarterly Mar 1994 - Sep 2025
Serbia (%) 21.9 Nov 2025 monthly Dec 2004 - Nov 2025
Singapore (%) 5.6 Nov 2025 monthly Mar 2005 - Nov 2025
Slovakia (%) 2.2 May 2025 monthly Jan 2007 - May 2025
Slovenia (%) -86.1 May 2025 monthly Jan 2005 - May 2025
South Africa (%) 9.1 Nov 2025 monthly Mar 1966 - Nov 2025
Spain (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Sri Lanka (%) 11.9 Nov 2025 monthly Jan 1997 - Nov 2025
Sudan (%) 78.0 Jun 2025 quarterly Mar 2003 - Jun 2025
Sweden (%) -3.1 May 2025 monthly Dec 2002 - May 2025
Switzerland (%) 2.4 Nov 2025 monthly Dec 1988 - Nov 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 443.232 Nov 2025 monthly Jan 1995 - Nov 2025
Tax Revenue: % of GDP (%) 6.6 Sep 2025 quarterly Mar 2007 - Sep 2025
National Government Debt (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax (PAB th) 443,231.781 Nov 2025 monthly Jan 1995 - Nov 2025
Central Government Revenue: Current Revenue (PAB th) 574,666.447 Nov 2025 monthly Jan 1995 - Nov 2025
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 219,865.927 Nov 2025 monthly Jan 1995 - Nov 2025
Public Debt: Domestic (USD mn) 10,668.532 Dec 2025 monthly Jul 2004 - Dec 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -972.5 Nov 2025 monthly Jan 1964 - Nov 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 1.3 Nov 2025 monthly Jan 2001 - Nov 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,042.9 Nov 2025 monthly Jan 2000 - Nov 2025
Total Imports Growth (%) -2.0 Nov 2025 monthly Jan 2001 - Nov 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 32.781 Sep 2025 monthly Jan 1970 - Sep 2025
Total Imports from USA (USD mn) 246.281 Sep 2025 monthly Jan 1967 - Sep 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 192.320 Sep 2025 monthly Mar 1989 - Sep 2025
Exports: FOB: Prawn (PAB th) 12,896.144 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: Seafood Products (PAB th) 4,864.801 Nov 2025 monthly Jan 2002 - Nov 2025
Exports: FOB (PAB th) 70,409.644 Nov 2025 monthly Jan 2000 - Nov 2025
Exports: FOB: Banana (PAB th) 2,293.212 Nov 2025 monthly Jan 2000 - Nov 2025
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
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) 128.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Current Account Balance (USD mn) -502.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Current Account Balance: % of GDP (%) -2.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Direct Investment (USD mn) 676.4 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Direct Investment: % of GDP (%) 3.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2025 quarterly Mar 2013 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
External Debt (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
External Debt: % of GDP (%) 169.8 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 (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -75,811.580 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: CA: Goods: Credit (PAB mn) 4,179.957 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 665.035 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services (PAB mn) 4,132.275 Sep 2025 quarterly Mar 2013 - Sep 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) -502.946 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Debit (PAB mn) -2,560.827 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income (PAB mn) -1,457.621 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Credit (PAB mn) 5,634.327 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Direct Investment (PAB mn) 548.322 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods (PAB mn) -3,116.496 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Goods: Debit (PAB mn) -7,296.453 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Credit (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Services: Debit (PAB mn) -1,502.052 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) -2,194.910 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: CA: Income: Credit (PAB mn) 1,103.205 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Capital Account (PAB mn) 0.374 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financial Account (FA) (PAB mn) 1,301.970 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Net Errors and Omissions (PAB mn) -1,228.288 Sep 2025 quarterly Mar 2013 - Sep 2025
BoP: Financing: Reserve Assets (PAB mn) 466.385 Sep 2025 quarterly Mar 2013 - Sep 2025
International Investment Position (IIP) (USD mn) -75,811.580 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Assets (USD mn) 117,266.585 Sep 2025 quarterly Mar 2015 - Sep 2025
IIP: Liabilities (USD mn) 193,078.165 Sep 2025 quarterly Mar 2015 - Sep 2025
Foreign Direct Investment (FDI) (PAB mn) 676.356 Sep 2025 quarterly Mar 2013 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2025 monthly Dec 2008 - Nov 2025
Household Debt: % of GDP (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Non-Performing Loans (USD mn) 1,598.833 Nov 2025 monthly Dec 2008 - Nov 2025
Money Supply M1 (USD mn) 9,066.270 Nov 2025 monthly Dec 2002 - Nov 2025
Money Supply M2 (USD mn) 45,730.080 Nov 2025 monthly Dec 2002 - Nov 2025
M2 Growth (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Foreign Exchange Reserves (USD mn) 5,644.2 Dec 2025 monthly Oct 1969 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 4.178 Sep 2025 quarterly Dec 2007 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 5.2 Nov 2025 monthly Jan 2000 - Nov 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,131.706 Nov 2025 monthly Dec 1998 - Nov 2025
Total Deposits Growth (%) 7.2 Nov 2025 monthly Dec 1999 - Nov 2025
Domestic Credit (USD mn) 64,958.0 Nov 2025 monthly Dec 2001 - Nov 2025
Domestic Credit Growth (%) 1.2 Nov 2025 monthly Dec 2002 - Nov 2025
Household Debt (USD mn) 33,969.4 Nov 2025 monthly Oct 2005 - Nov 2025
Total Loans (USD mn) 102,722.968 Nov 2025 monthly Dec 1998 - Nov 2025
Total Loans Growth (%) 5.67 Nov 2025 monthly Dec 1999 - Nov 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,730.080 Nov 2025 monthly Dec 2002 - Nov 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,458.796 Nov 2025 monthly Dec 2002 - Nov 2025

More Indicators for Panama

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