Panama Household Debt: % of GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Panama Household Debt: % of GDP

  • Panama household debt accounted for 37.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 37.8 % in the previous quarter.
  • Panama household debt to GDP ratio is updated quarterly, available from Dec 2007 to Jun 2025.
  • 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 33.8 USD bn in Oct 2025.
  • Money Supply M2 in Panama increased 9.0 % 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.
  • Panama Domestic Credit reached 65.1 USD bn in Oct 2025, representing an increased of 1.6 % YoY.
  • 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.

View Panama's Household Debt: % of GDP from Dec 2007 to Jun 2025 in the chart:

Panama Household Debt: % of GDP

What was Panama's Household Debt: % of GDP in Jun 2025?

Panama household debt accounted for 37.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 37.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
37.7 Jun 2025 37.8 Mar 2025 33.1 Mar 2013 50.8 Mar 2021 % quarterly Dec 2007 - Jun 2025

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 13.3 Jun 2025 quarterly Sep 2007 - Jun 2025
Argentina (%) 6.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 32.5 Sep 2025 quarterly Dec 2000 - Sep 2025
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.7 Jun 2025 quarterly Mar 1999 - Jun 2025
Azerbaijan (%) 13.9 Jun 2025 quarterly Mar 2005 - Jun 2025
Belarus (%) 10.8 Jun 2025 quarterly Dec 2006 - Jun 2025
Belgium (%) 58.3 Jun 2025 quarterly Dec 1992 - Jun 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 25.0 Jun 2025 quarterly Dec 2008 - Jun 2025
Botswana (%) 21.7 Jun 2025 quarterly Dec 2002 - Jun 2025
Brunei (%) 15.1 Jun 2025 quarterly Dec 2013 - Jun 2025
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 27.2 2024 yearly 2008 - 2024
Canada (%) 97.7 Sep 2025 quarterly Mar 1969 - Sep 2025
Chile (%) 37.7 Sep 2025 quarterly Mar 2009 - Sep 2025
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.5 Jun 2025 quarterly Dec 2015 - Jun 2025
Croatia (%) 33.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Cyprus (%) 73.8 2024 yearly 1995 - 2024
Czech Republic (%) 33.1 Mar 2025 quarterly Mar 2004 - Mar 2025
Denmark (%) 92.7 2023 yearly 1994 - 2023
Ecuador (%) 17.4 Jun 2025 quarterly Mar 2003 - Jun 2025
Egypt (%) 7.2 Jun 2025 quarterly Dec 2002 - Jun 2025
Estonia (%) 39.8 Jun 2025 quarterly Dec 2003 - Jun 2025
European Union (%) 50.9 Jun 2025 quarterly Mar 1999 - Jun 2025
Finland (%) 74.1 2024 yearly 1995 - 2024
France (%) 59.9 2024 yearly 1977 - 2024
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 49.0 Jun 2025 quarterly Dec 1991 - Jun 2025
Greece (%) 46.5 Jun 2025 quarterly Dec 1997 - Jun 2025
Hong Kong SAR, China (%) 87.7 Sep 2025 quarterly Mar 1982 - Sep 2025
Hungary (%) 20.7 Sep 2025 quarterly Dec 1995 - Sep 2025
Iceland (%) 70.8 Jun 2025 quarterly Dec 1995 - Jun 2025
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 15.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Ireland (%) 25.1 Jun 2025 quarterly Mar 2002 - Jun 2025
Israel (%) 42.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Italy (%) 47.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Japan (%) 63.9 Jun 2025 quarterly Dec 1997 - Jun 2025
Jordan (%) 78.2 Jun 2025 quarterly Mar 2002 - Jun 2025
Kazakhstan (%) 62.5 Jun 2025 quarterly Dec 1997 - Jun 2025
South Korea (%) 92.7 Jun 2025 quarterly Dec 2002 - Jun 2025
Kosovo (%) 24.6 Jun 2025 quarterly Dec 2010 - Jun 2025
Kuwait (%) 0.9 Jun 2025 quarterly Dec 2010 - Jun 2025
Kyrgyzstan (%) 12.1 Sep 2025 quarterly Dec 2000 - Sep 2025
Latvia (%) 22.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Lithuania (%) 31.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Luxembourg (%) 62.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Macau SAR, China (%) 76.1 Sep 2025 quarterly Dec 2001 - Sep 2025
North Macedonia (%) 26.8 Jun 2025 quarterly Mar 2003 - Jun 2025
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.1 2024 yearly 2002 - 2024
Malta (%) 47.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.2 Sep 2025 quarterly Dec 2000 - Sep 2025
Mongolia (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
Montenegro (%) 27.8 Jun 2025 quarterly Mar 2007 - Jun 2025
Morocco (%) 22.0 2024 yearly 2001 - 2024
Netherlands (%) 97.4 Jun 2025 quarterly Mar 1999 - Jun 2025
New Zealand (%) 90.2 Jun 2025 quarterly Dec 1990 - Jun 2025
Norway (%) 88.3 Jun 2025 quarterly Dec 1995 - Jun 2025
Panama (%) 37.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Peru (%) 15.3 Sep 2025 quarterly Mar 2001 - Sep 2025
Philippines (%) 12.4 Jun 2025 quarterly Mar 2009 - Jun 2025
Poland (%) 22.4 Jun 2025 quarterly Dec 2003 - Jun 2025
Portugal (%) 56.0 Sep 2025 quarterly Dec 2007 - Sep 2025
Romania (%) 15.9 Jun 2025 quarterly Dec 1995 - Jun 2025
Russia (%) 18.9 Mar 2025 quarterly Dec 2000 - Mar 2025
Saudi Arabia (%) 10.7 Jun 2025 quarterly Dec 2003 - Jun 2025
Serbia (%) 18.1 Sep 2025 quarterly Dec 2003 - Sep 2025
Singapore (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Slovakia (%) 45.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Slovenia (%) 27.8 Jun 2025 quarterly Mar 2004 - Jun 2025
South Africa (%) 41.0 Jun 2025 quarterly Mar 1969 - Jun 2025
Spain (%) 47.8 Jun 2025 quarterly Dec 1989 - Jun 2025
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 86.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Switzerland (%) 123.1 2024 yearly 1999 - 2024
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 95.5 2023 yearly 2000 - 2023
Thailand (%) 86.8 Jun 2025 quarterly Mar 2003 - Jun 2025
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.2 Jun 2025 quarterly Dec 2014 - Jun 2025
Ukraine (%) 4.0 Jun 2025 quarterly Dec 2002 - Jun 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 78.7 Jun 2025 quarterly Mar 1987 - Jun 2025
United States (%) 61.4 Jun 2025 quarterly Mar 1999 - Jun 2025
Uruguay (%) 11.5 Jun 2025 quarterly Dec 2005 - Jun 2025
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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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: 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) -1,108.4 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) 20.512 Jul 2025 monthly Jan 1970 - Jul 2025
Total Imports from USA (USD mn) 209.282 Jul 2025 monthly Jan 1967 - Jul 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 163.428 Jul 2025 monthly Mar 1989 - Jul 2025
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) -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: 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: Credit (PAB mn) 4,331.072 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: CA: Income: Debit (PAB mn) -2,297.497 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: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 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: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 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: 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) 8,864.380 Aug 2025 monthly Dec 2002 - Aug 2025
Money Supply M2 (USD mn) 45,263.270 Aug 2025 monthly Dec 2002 - Aug 2025
M2 Growth (%) 9.0 Aug 2025 monthly Dec 2003 - Aug 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) 43,274.380 Dec 2024 monthly Dec 2002 - Dec 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,436.337 Oct 2025 monthly Dec 2002 - Oct 2025

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