Panama Domestic Credit Growth

2002 - 2025 | Monthly | % | CEIC Data

Key information about Panama Domestic Credit Growth

  • Panama Domestic Credit increased 1.6 % YoY in Oct 2025, compared with an increase of 1.2 % YoY in the previous month
  • Panama Domestic Credit Growth YoY data is updated monthly
  • It averaged 10.1 %, available from Dec 2002 to Oct 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 65.1 USD bn in Oct 2025
  • Money Supply M2 in Panama increased to 45.3 USD bn YoY in Aug 2025
  • Panama Foreign Exchange Reserves was measured at 5.0 USD bn in Oct 2025
  • The Foreign Exchange Reserves equaled 3.1 Months of Import in Sep 2025
  • The country's Non Performing Loans Ratio stood at 1.5 % in Oct 2025, compared with the ratio of 1.5 % in the previous month
  • Household Debt of Panama reached 37.7 % in Jun 2025, accounting for 37.7 % of the country's Nominal GDP

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

Panama Domestic Credit Growth

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

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

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

Domestic Credit Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 9.2 Oct 2025 monthly Dec 2003 - Oct 2025
Algeria (%) 10.7 Jul 2025 monthly Dec 2002 - Jul 2025
Argentina (%) 66.1 Sep 2025 monthly Jan 1991 - Sep 2025
Armenia (%) 21.7 Sep 2025 monthly Dec 1994 - Sep 2025
Australia (%) 3.6 Sep 2025 monthly Dec 2002 - Sep 2025
Austria (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Azerbaijan (%) 9.5 Oct 2025 monthly Dec 2002 - Oct 2025
Bahrain (%) 7.0 Oct 2025 monthly Sep 1992 - Oct 2025
Bangladesh (%) 9.6 Oct 2025 monthly Jul 1988 - Oct 2025
Belarus (%) 15.0 Oct 2025 monthly Dec 2007 - Oct 2025
Belgium (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Bolivia (%) 10.8 Aug 2025 monthly Dec 2002 - Aug 2025
Bosnia and Herzegovina (%) 12.2 Sep 2025 monthly Aug 1998 - Sep 2025
Botswana (%) 9.6 Sep 2025 quarterly Dec 2005 - Sep 2025
Brazil (%) 8.2 Oct 2025 monthly Dec 2002 - Oct 2025
Brunei (%) 4.7 Dec 2024 monthly Jan 2000 - Dec 2024
Bulgaria (%) 15.0 Oct 2025 monthly Dec 1994 - Oct 2025
Cambodia (%) 3.8 Oct 2025 monthly Dec 1995 - Oct 2025
Canada (%) 4.7 Sep 2025 monthly Jan 1970 - Sep 2025
Chile (%) 6.5 Sep 2025 monthly Dec 1979 - Sep 2025
China (%) 7.9 Oct 2025 monthly Jun 2000 - Oct 2025
Colombia (%) 6.3 Jul 2024 monthly Jan 1994 - Jul 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) 2.6 Oct 2025 monthly Nov 2006 - Oct 2025
Czech Republic (%) 7.5 Oct 2025 monthly Jan 2003 - Oct 2025
Denmark (%) -11.6 May 2025 monthly Dec 2002 - May 2025
Ecuador (%) 12.2 Oct 2025 monthly Jan 2007 - Oct 2025
Egypt (%) 27.0 Oct 2025 monthly Jan 1997 - Oct 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 (%) 12.7 Oct 2025 monthly Oct 1996 - Oct 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 (%) 2.5 Aug 2025 monthly Dec 1991 - Aug 2025
Hungary (%) 5.1 Oct 2025 monthly Jan 1999 - Oct 2025
Iceland (%) 7.8 Feb 2025 monthly Sep 1994 - Feb 2025
India (%) 10.4 Sep 2025 monthly Mar 2000 - Sep 2025
Indonesia (%) 7.0 Oct 2025 monthly Jan 2005 - Oct 2025
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Israel (%) 13.3 Aug 2025 monthly Dec 2000 - Aug 2025
Italy (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Ivory Coast (%) 11.0 Aug 2025 monthly Jan 1965 - Aug 2025
Japan (%) -0.2 Oct 2025 monthly Apr 2004 - Oct 2025
Jordan (%) 3.0 Dec 2023 monthly Jan 2003 - Dec 2023
Kazakhstan (%) 15.1 Oct 2025 monthly Dec 2002 - Oct 2025
Kenya (%) 8.0 Jul 2025 monthly Dec 1996 - Jul 2025
South Korea (%) 6.7 Oct 2025 monthly Dec 2002 - Oct 2025
Kosovo (%) 16.5 Oct 2025 monthly Nov 2008 - Oct 2025
Kuwait (%) 16.7 Oct 2025 monthly Jan 1995 - Oct 2025
Kyrgyzstan (%) 78.0 Oct 2025 monthly Dec 2003 - Oct 2025
Laos (%) 10.9 Sep 2025 quarterly Dec 1992 - Sep 2025
Latvia (%) -100.0 May 2025 monthly Jul 2004 - May 2025
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) -100.0 May 2025 monthly Dec 1994 - May 2025
Luxembourg (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Macau SAR, China (%) -26.1 Oct 2025 monthly Jun 1985 - Oct 2025
North Macedonia (%) 19.8 Oct 2025 monthly Jan 2004 - Oct 2025
Malawi (%) 46.8 Oct 2025 monthly Jan 1976 - Oct 2025
Malaysia (%) 5.3 Oct 2025 monthly Jan 1988 - Oct 2025
Malta (%) 8.5 Oct 2025 monthly Jan 2009 - Oct 2025
Mauritius (%) 11.0 Oct 2025 monthly Jun 2006 - Oct 2025
Mexico (%) 6.8 Sep 2025 monthly Dec 2002 - Sep 2025
Moldova (%) 18.2 Oct 2025 monthly Jan 2001 - Oct 2025
Mongolia (%) 22.7 Oct 2025 monthly Dec 1992 - Oct 2025
Montenegro (%) 22.0 Oct 2025 monthly Jan 2006 - Oct 2025
Morocco (%) 5.9 Oct 2025 monthly Dec 2002 - Oct 2025
Mozambique (%) 12.6 Aug 2025 monthly Dec 2002 - Aug 2025
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 5.5 Sep 2025 monthly Jan 2002 - Sep 2025
Netherlands (%) -100.0 May 2025 monthly Dec 2002 - May 2025
New Zealand (%) 5.2 Oct 2025 monthly Mar 1989 - Oct 2025
Nigeria (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025
Norway (%) 3.7 Oct 2025 monthly Dec 1986 - Oct 2025
Oman (%) 8.9 Oct 2025 monthly Dec 2000 - Oct 2025
Pakistan (%) 8.4 Oct 2025 monthly Jun 2009 - Oct 2025
Palestinian Territory (%) 7.6 Sep 2025 monthly Dec 1999 - Sep 2025
Panama (%) 1.6 Oct 2025 monthly Dec 2002 - Oct 2025
Paraguay (%) 14.5 Oct 2025 monthly Dec 2002 - Oct 2025
Peru (%) 11.3 Sep 2025 monthly Jan 1993 - Sep 2025
Philippines (%) 10.5 Oct 2025 monthly Dec 2002 - Oct 2025
Poland (%) 9.8 Oct 2025 monthly Dec 1997 - Oct 2025
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 7.0 Oct 2025 monthly Jan 2008 - Oct 2025
Romania (%) 9.6 Oct 2025 monthly Dec 2005 - Oct 2025
Russia (%) 14.1 May 2025 monthly Dec 2001 - May 2025
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) 21.5 Oct 2025 monthly Dec 2004 - Oct 2025
Singapore (%) 5.2 Oct 2025 monthly Mar 2005 - Oct 2025
Slovakia (%) 2.2 May 2025 monthly Jan 2007 - May 2025
Slovenia (%) -86.1 May 2025 monthly Jan 2005 - May 2025
South Africa (%) 7.7 Oct 2025 monthly Mar 1966 - Oct 2025
Spain (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Sri Lanka (%) 11.8 Sep 2025 monthly Jan 1997 - Sep 2025
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -3.1 May 2025 monthly Dec 2002 - May 2025
Switzerland (%) 2.5 Oct 2025 monthly Dec 1988 - Oct 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) 740.274 Sep 2025 monthly Jan 1995 - Sep 2025
Tax Revenue: % of GDP (%) 8.0 Jun 2025 quarterly Mar 2007 - Jun 2025
National Government Debt (USD mn) 58,832.7 Oct 2025 monthly Jul 2004 - Oct 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) 693,972.524 Dec 2024 monthly Jan 1995 - Dec 2024
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 (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) -1,108.4 Sep 2025 monthly Jan 1964 - Sep 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 0.6 Sep 2025 monthly Jan 2001 - Sep 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) 1,192.3 Sep 2025 monthly Jan 2000 - Sep 2025
Total Imports Growth (%) 2.0 Sep 2025 monthly Jan 2001 - Sep 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) 35.282 Aug 2025 monthly Jan 1970 - Aug 2025
Total Imports from USA (USD mn) 211.345 Aug 2025 monthly Jan 1967 - Aug 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 165.039 Aug 2025 monthly Mar 1989 - Aug 2025
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB (PAB th) 84,431.775 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: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 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) -1,419.8 Jun 2025 quarterly Mar 2013 - Jun 2025
Current Account Balance (USD mn) 522.5 Jun 2025 quarterly Mar 1998 - Jun 2025
Current Account Balance: % of GDP (%) 2.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Direct Investment (USD mn) -887.1 Jun 2025 quarterly Mar 1998 - Jun 2025
Foreign Direct Investment: % of GDP (%) -4.4 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.2 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
External Debt (USD mn) 48,132.1 Oct 2025 monthly Jul 2004 - Oct 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) -76,500.694 Jun 2025 quarterly Mar 2002 - Jun 2025
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 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: Debit (PAB mn) -5,833.509 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: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Net Errors and Omissions (PAB mn) -2,237.755 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: Capital Account: Credit (PAB mn) 2.333 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: Liabilities (PAB mn) -361.598 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: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 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 (%) 1.5 Oct 2025 monthly Dec 2008 - Oct 2025
Household Debt: % of GDP (%) 37.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Non-Performing Loans (USD mn) 1,501.738 Oct 2025 monthly Dec 2008 - Oct 2025
Money Supply M1 (USD mn) 9,045.180 Sep 2025 monthly Dec 2002 - Sep 2025
Money Supply M2 (USD mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
M2 Growth (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Foreign Exchange Reserves (USD mn) 4,972.0 Oct 2025 monthly Oct 1969 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 4.744 Jun 2025 quarterly Dec 2007 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 3.1 Sep 2025 monthly Jan 2000 - Sep 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,289.651 Oct 2025 monthly Dec 1998 - Oct 2025
Total Deposits Growth (%) 5.9 Oct 2025 monthly Dec 1999 - Oct 2025
Domestic Credit (USD mn) 65,123.3 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 1.6 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 33,838.9 Oct 2025 monthly Oct 2005 - Oct 2025
Total Loans (USD mn) 102,246.063 Oct 2025 monthly Dec 1998 - Oct 2025
Total Loans Growth (%) 5.29 Oct 2025 monthly Dec 1999 - Oct 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,436.337 Oct 2025 monthly Dec 2002 - Oct 2025

More Indicators for Panama

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