Panama Domestic Credit Growth

2002 - 2021 | Monthly | % | CEIC Data

Key information about Panama Domestic Credit Growth

  • Panama Domestic Credit increased 1.3 % YoY in Nov 2021, 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 2021
  • 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 55.4 USD bn in Nov 2021
  • Money Supply M2 in Panama increased to 37.3 USD bn YoY in Sep 2021
  • Panama Foreign Exchange Reserves was measured at 7.7 USD bn in Sep 2021
  • The Foreign Exchange Reserves equaled 7.5 Months of Import in Sep 2021
  • The country's Non Performing Loans Ratio stood at 1.7 % in Mar 2021, compared with the ratio of 1.9 % in the previous month
  • Household Debt of Panama reached 52.3 % in Dec 2020, accounting for 52.3 % of the country's Nominal GDP

View Panama's Domestic Credit Growth from Dec 2002 to Nov 2021 in the chart:

Panama Domestic Credit Growth

What was Panama's Domestic Credit Growth in Nov 2021?

Panama Domestic Credit increased 1.3 % YoY in Nov 2021, 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
1.3 Nov 2021 1.6 Oct 2021 -4.4 Feb 2003 21.2 Oct 2016 % monthly Dec 2002 - Nov 2021

Domestic Credit Growth by Country Comparison

Buy Selected Data

Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 4.0 Nov 2021 monthly Dec 2003 - Nov 2021
Algeria (%) 13.8 Dec 2020 monthly Dec 2002 - Dec 2020
Argentina (%) 24.1 Jul 2018 monthly Jan 1991 - Jul 2018
Armenia (%) 5.1 Aug 2021 monthly Dec 1994 - Aug 2021
Australia (%) -3.5 May 2021 monthly Dec 2002 - May 2021
Austria (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Azerbaijan (%) 0.1 Sep 2021 monthly Dec 2002 - Sep 2021
Bahrain (%) 4.7 Nov 2021 monthly Sep 1992 - Nov 2021
Bangladesh (%) 12.1 Nov 2021 monthly Jul 1988 - Nov 2021
Belarus (%) 8.0 Nov 2021 monthly Dec 2007 - Nov 2021
Belgium (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Bolivia (%) 11.4 Jun 2021 monthly Dec 2002 - Jun 2021
Bosnia and Herzegovina (%) 0.9 Oct 2021 monthly Aug 1998 - Oct 2021
Botswana (%) 43.9 Dec 2020 quarterly Dec 2005 - Dec 2020
Brazil (%) 12.1 Nov 2021 monthly Dec 2002 - Nov 2021
Brunei (%) 2.0 Feb 2021 monthly Jan 2000 - Feb 2021
Bulgaria (%) 11.6 Nov 2021 monthly Dec 1994 - Nov 2021
Cambodia (%) 31.8 Sep 2021 monthly Dec 1995 - Sep 2021
Canada (%) 7.9 Oct 2021 monthly Jan 1970 - Oct 2021
Chile (%) 5.3 Sep 2021 monthly Dec 1979 - Sep 2021
China (%) 9.2 Nov 2021 monthly Jun 2000 - Nov 2021
Colombia (%) 7.3 Sep 2021 monthly Jan 1994 - Sep 2021
Croatia (%) 3.0 Nov 2021 monthly Jun 1995 - Nov 2021
Cyprus (%) -6.5 Nov 2021 monthly Nov 2006 - Nov 2021
Czech Republic (%) 11.4 Nov 2021 monthly Jan 2003 - Nov 2021
Denmark (%) -1.1 Sep 2021 monthly Dec 2002 - Sep 2021
Ecuador (%) 15.6 Nov 2021 monthly Jan 2007 - Nov 2021
Egypt (%) 14.7 Nov 2021 monthly Jan 1997 - Nov 2021
Estonia (%) -100.0 Oct 2021 monthly Jun 1993 - Oct 2021
European Union (%) 3.5 Sep 2021 monthly Sep 1998 - Sep 2021
Finland (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
France (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Georgia (%) 13.8 Nov 2021 monthly Oct 1996 - Nov 2021
Germany (%) 2.4 Sep 2021 monthly Jan 2000 - Sep 2021
Ghana (%) 48.7 Dec 2020 monthly Jan 1968 - Dec 2020
Greece (%) -100.0 Oct 2021 monthly Jan 2002 - Oct 2021
Hong Kong SAR, China (%) 9.3 Sep 2018 monthly Dec 1991 - Sep 2018
Hungary (%) 21.9 Nov 2021 monthly Jan 1999 - Nov 2021
Iceland (%) 11.3 Nov 2021 monthly Sep 1994 - Nov 2021
India (%) 6.7 Oct 2021 monthly Mar 2000 - Oct 2021
Indonesia (%) 8.7 Nov 2021 monthly Jan 2005 - Nov 2021
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Israel (%) 10.4 Aug 2021 monthly Dec 2000 - Aug 2021
Italy (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Ivory Coast (%) 9.0 Oct 2021 monthly Jan 1965 - Oct 2021
Japan (%) 3.3 Oct 2021 monthly Apr 2004 - Oct 2021
Jordan (%) 6.4 Aug 2021 monthly Jan 2003 - Aug 2021
Kazakhstan (%) 18.7 Nov 2021 monthly Dec 2002 - Nov 2021
Kenya (%) 13.3 Sep 2021 monthly Dec 1996 - Sep 2021
South Korea (%) 12.0 Nov 2021 monthly Dec 2002 - Nov 2021
Kosovo (%) 7.4 Nov 2021 monthly Nov 2008 - Nov 2021
Kuwait (%) 8.3 Nov 2021 monthly Jan 1995 - Nov 2021
Kyrgyzstan (%) 15.5 Nov 2021 monthly Dec 2003 - Nov 2021
Laos (%) 4.1 Jun 2021 quarterly Dec 1992 - Jun 2021
Latvia (%) -100.0 Oct 2021 monthly Jul 2004 - Oct 2021
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) -100.0 Oct 2021 monthly Dec 1994 - Oct 2021
Luxembourg (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Macau SAR, China (%) 89.1 Feb 2021 monthly Jun 1985 - Feb 2021
North Macedonia (%) 10.7 Nov 2021 monthly Jan 2004 - Nov 2021
Malawi (%) 40.2 Oct 2021 monthly Jan 1976 - Oct 2021
Malaysia (%) 4.9 Nov 2021 monthly Jan 1988 - Nov 2021
Malta (%) 8.4 Nov 2021 monthly Jan 2009 - Nov 2021
Mauritius (%) 21.9 Nov 2021 monthly Jun 2006 - Nov 2021
Mexico (%) 2.5 Oct 2021 monthly Dec 2002 - Oct 2021
Moldova (%) 12.9 Nov 2021 monthly Jan 2001 - Nov 2021
Mongolia (%) 15.4 Nov 2021 monthly Dec 1993 - Nov 2021
Montenegro (%) -8.9 Nov 2021 monthly Jan 2006 - Nov 2021
Morocco (%) 5.8 Nov 2021 monthly Dec 2002 - Nov 2021
Mozambique (%) 25.7 Feb 2021 monthly Dec 2002 - Feb 2021
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 28.5 Nov 2021 monthly Jan 2002 - Nov 2021
Netherlands (%) -100.0 Oct 2021 monthly Dec 2002 - Oct 2021
New Zealand (%) 5.9 Nov 2021 monthly Mar 1989 - Nov 2021
Nigeria (%) 20.3 Nov 2021 monthly Nov 1993 - Nov 2021
Norway (%) 4.8 Oct 2021 monthly Dec 1986 - Oct 2021
Oman (%) 5.6 Oct 2021 monthly Dec 2000 - Oct 2021
Pakistan (%) 13.1 Nov 2021 monthly Jun 2009 - Nov 2021
Palestinian Territory (%) 8.1 Feb 2021 monthly Dec 1999 - Feb 2021
Panama (%) 1.3 Nov 2021 monthly Dec 2002 - Nov 2021
Paraguay (%) 9.8 Aug 2021 monthly Dec 2002 - Aug 2021
Peru (%) -3.9 Sep 2021 monthly Jan 1993 - Sep 2021
Philippines (%) 8.1 Nov 2021 monthly Dec 2002 - Nov 2021
Poland (%) 1.6 Nov 2021 monthly Dec 1997 - Nov 2021
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 11.4 Nov 2021 monthly Jan 2008 - Nov 2021
Romania (%) 13.6 Oct 2021 monthly Dec 2005 - Oct 2021
Russia (%) 14.0 Nov 2021 monthly Dec 2001 - Nov 2021
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) 3.1 Nov 2021 monthly Dec 2004 - Nov 2021
Singapore (%) 3.3 Jun 2021 monthly Mar 2005 - Jun 2021
Slovakia (%) -100.0 Oct 2021 monthly Jan 2007 - Oct 2021
Slovenia (%) -100.0 Oct 2021 monthly Jan 2005 - Oct 2021
South Africa (%) 4.6 Nov 2021 monthly Mar 1966 - Nov 2021
Spain (%) -100.0 Oct 2021 monthly Jan 2000 - Oct 2021
Sri Lanka (%) 23.6 Nov 2021 monthly Jan 1997 - Nov 2021
Sudan (%) 229.5 Jun 2021 quarterly Mar 2003 - Jun 2021
Sweden (%) 4.4 Sep 2021 monthly Dec 2002 - Sep 2021
Switzerland (%) 2.7 Nov 2021 monthly Dec 1988 - Nov 2021

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 do

Panama Key Series

Buy Selected Data

Includes 194 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -9.9 2020 yearly 2003 - 2020
Consolidated Fiscal Balance (USD mn) -5,350.400 2020 yearly 2003 - 2020
Tax Revenue (USD mn) 301.271 Nov 2021 monthly Jan 1995 - Nov 2021
Tax Revenue: % of GDP (%) 7.5 Dec 2020 quarterly Mar 2007 - Dec 2020
National Government Debt (USD mn) 38,405.1 Mar 2021 monthly Jul 2004 - Mar 2021
Government Debt: % of GDP (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Forecast: Government Expenditure (PAB bn) 19.526 2026 yearly 1994 - 2026
Forecast: Government Net Debt (PAB bn) 46.957 2026 yearly 1994 - 2026
Forecast: Government Revenue (PAB bn) 18.214 2026 yearly 1994 - 2026
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 125,442.372 Nov 2021 monthly Jan 1995 - Nov 2021
Central Government Revenue: Current Revenue (PAB th) 446,264.968 Nov 2021 monthly Jan 1995 - Nov 2021
Central Government Revenue: Current Revenue: Tax (PAB th) 301,270.921 Nov 2021 monthly Jan 1995 - Nov 2021
Central Government Operations: Total Expenditure (PAB th) 14,206,764.625 2020 yearly 2000 - 2020
Central Government Operations: Total Revenue (PAB th) 14,209,596.569 2020 yearly 2000 - 2020
CGO: Expenditure: Current (USD mn) 7,991.800 2020 yearly 1993 - 2020
CGO: Expenditure: Capital (USD mn) 3,521.600 2020 yearly 1993 - 2020
CGO: Overall Balance, Accrual Basis (USD mn) -4,886.300 2020 yearly 1993 - 2020
Public Debt: Domestic (USD mn) 7,844.022 Nov 2021 monthly Jul 2004 - Nov 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 8.803 2026 yearly 1980 - 2026
Trade Balance (USD mn) -872.7 Oct 2021 monthly Jan 1964 - Oct 2021
Total Exports (USD mn) 230.2 Oct 2021 monthly Jan 2000 - Oct 2021
Total Exports Growth (%) 56.7 Oct 2021 monthly Jan 2001 - Oct 2021
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,154,109.705 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 151,842.182 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,103.0 Oct 2021 monthly Jan 2000 - Oct 2021
Total Imports Growth (%) 51.7 Oct 2021 monthly Jan 2001 - Oct 2021
Imports: Medicament (USD th) 608,952.511 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 146,042.475 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 155.619 Jan 2021 monthly Jan 1967 - Jan 2021
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 74.919 Feb 2021 monthly Mar 1989 - Feb 2021
Exports: FOB: Prawn (PAB th) 3,500.116 Oct 2021 monthly Jan 2000 - Oct 2021
Exports: FOB: Banana (PAB th) 10,712.122 Oct 2021 monthly Jan 2000 - Oct 2021
Exports: FOB (PAB th) 230,230.894 Oct 2021 monthly Jan 2000 - Oct 2021
Exports: FOB: Seafood Products (PAB th) 6,211.631 Oct 2021 monthly Jan 2002 - Oct 2021
Exports: FOB: America: NAFTA: Mexico (PAB th) 16,208.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 8,314.000 2019 yearly 1999 - 2019
Exports: FOB: America: NAFTA: USA (PAB th) 98,611.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 23,331.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: China (PAB th) 59,703.000 2019 yearly 1999 - 2019
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) 52,583.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: Rest of Asia: China (PAB th) 1,290,075.000 2019 yearly 1999 - 2019
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 197,511.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 107,590.000 2019 yearly 1999 - 2019
Imports: CIF: America: NAFTA: USA (PAB th) 3,263,993.000 2019 yearly 1999 - 2019
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 106.2 Jun 2021 quarterly Mar 2013 - Jun 2021
Current Account Balance (USD mn) -183.2 Jun 2021 quarterly Mar 1998 - Jun 2021
Current Account Balance: % of GDP (%) -1.3 Jun 2021 quarterly Mar 2007 - Jun 2021
Foreign Direct Investment (USD mn) 895.5 Jun 2021 quarterly Mar 1998 - Jun 2021
Foreign Direct Investment: % of GDP (%) 6.4 Jun 2021 quarterly Mar 2007 - Jun 2021
Foreign Portfolio Investment (USD mn) 374.051 Jun 2021 quarterly Mar 2013 - Jun 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2020 quarterly Mar 2007 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2020 quarterly Mar 2013 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -37.105 Dec 2020 quarterly Mar 2013 - Dec 2020
External Debt (USD mn) 31,734.8 May 2021 monthly Jul 2004 - May 2021
External Debt: % of GDP (%) 198.0 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 36,260.8 Sep 2020 quarterly Sep 2014 - Sep 2020
External Debt: Short Term: % of GDP (%) 66.1 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.242 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -64,252.281 Dec 2020 quarterly Mar 2002 - Dec 2020
BoP: Net Errors and Omissions (PAB mn) 176.014 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Goods: Credit (PAB mn) 3,412.445 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Income (PAB mn) -850.615 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 374.051 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Goods: Debit (PAB mn) -4,672.567 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Income: Credit (PAB mn) 280.984 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Financing: Reserve Assets (PAB mn) 45.910 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Goods (PAB mn) -1,260.122 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Services: Debit (PAB mn) -960.338 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Capital Account: Credit (PAB mn) 1.081 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,691.799 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Services (PAB mn) 1,802.848 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Income: Debit (PAB mn) -1,131.600 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Financial Account (FA) (PAB mn) 123.117 Jun 2021 quarterly Mar 2013 - Jun 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -183.239 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: CA: Services: Credit (PAB mn) 2,763.186 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: Capital Account (PAB mn) 1.081 Jun 2021 quarterly Mar 2013 - Jun 2021
BoP: FA: Direct Investment (PAB mn) 789.259 Jun 2021 quarterly Mar 2013 - Jun 2021
IIP: Assets (USD mn) 78,089.701 Jun 2021 quarterly Mar 2015 - Jun 2021
IIP: Liabilities (USD mn) 143,003.509 Jun 2021 quarterly Mar 2015 - Jun 2021
International Investment Position (IIP) (USD mn) -64,913.808 Jun 2021 quarterly Mar 2015 - Jun 2021
Foreign Direct Investment (FDI) (PAB mn) 895.474 Jun 2021 quarterly Mar 2013 - Jun 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Mar 2021 monthly Dec 2008 - Mar 2021
Household Debt: % of GDP (%) 52.3 Dec 2020 quarterly Dec 2007 - Dec 2020
Non-Performing Loans (USD mn) 1,242.084 Mar 2021 monthly Dec 2008 - Mar 2021
Money Supply M1 (USD mn) 9,264.262 Sep 2021 monthly Dec 2002 - Sep 2021
Money Supply M2 (USD mn) 37,274.523 Sep 2021 monthly Dec 2002 - Sep 2021
M2 Growth (%) -15.6 Sep 2021 monthly Dec 2003 - Sep 2021
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 12.674 Sep 2021 quarterly Dec 2007 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 97,134.946 Nov 2021 monthly Dec 1998 - Nov 2021
Total Deposits Growth (%) 9.3 Mar 2021 monthly Dec 1999 - Mar 2021
Domestic Credit (USD mn) 55,392.8 Nov 2021 monthly Dec 2001 - Nov 2021
Domestic Credit Growth (%) 1.3 Nov 2021 monthly Dec 2002 - Nov 2021
Household Debt (USD mn) 28,802.5 Nov 2021 monthly Oct 2005 - Nov 2021
Total Loans (USD mn) 73,712.538 Mar 2021 monthly Dec 1998 - Mar 2021
Total Loans Growth (%) -4.37 Apr 2021 monthly Dec 1999 - Apr 2021
Private Debt: % of Nominal GDP (%) 97.01 Dec 2020 quarterly Dec 2007 - Dec 2020
Money Supply: M3 (PAB mn) 37,274.523 Sep 2021 monthly Dec 2002 - Sep 2021
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,681.040 Nov 2021 monthly Dec 2002 - Nov 2021

More Indicators for Panama

Check out our pricing options.

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

View pricing options

CEIC Flex

from $49

Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.

View this option

CEIC Unlimited

Request a Demo

Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data