Panama Household Debt: % of GDP
2007 - 2024 | Quarterly | % | CEIC Data
Key information about Panama Household Debt: % of GDP
- Panama household debt accounted for 38.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 38.0 % in the previous quarter.
- Panama household debt to GDP ratio is updated quarterly, available from Dec 2007 to Mar 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 32.2 USD bn in May 2024.
- Money Supply M2 in Panama increased 6.3 % YoY in Apr 2024.
- Panama Foreign Exchange Reserves was measured at 4.9 USD bn in Jun 2024.
- The Foreign Exchange Reserves equaled 4.3 Months of Import in May 2024.
- Panama Domestic Credit reached 61.9 USD bn in May 2024, representing an increased of 4.9 % YoY.
- The country's Non Performing Loans Ratio stood at 1.6 % in May 2024, compared with the ratio of 1.8 % in the previous month.
View Panama's Household Debt: % of GDP from Dec 2007 to Mar 2024 in the chart:
What was Panama's Household Debt: % of GDP in Mar 2024?
Panama household debt accounted for 38.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 38.0 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 38.1 Mar 2024 | 38.0 Dec 2023 | 33.1 Mar 2013 | 50.8 Mar 2021 | % | quarterly | Dec 2007 - Mar 2024 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 12.0 Mar 2024 | quarterly | Dec 2008 - Mar 2024 |
| Argentina (%) | 3.8 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
| Armenia (%) | 27.1 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Austria (%) | 45.3 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Azerbaijan (%) | 11.9 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Belarus (%) | 9.8 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
| Belgium (%) | 59.4 Mar 2024 | quarterly | Dec 1992 - Mar 2024 |
| Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
| Bosnia and Herzegovina (%) | 24.4 Mar 2024 | quarterly | Dec 2008 - Mar 2024 |
| Botswana (%) | 20.4 Mar 2024 | quarterly | Dec 2002 - Mar 2024 |
| Brunei (%) | 14.3 Mar 2024 | quarterly | Dec 2013 - Mar 2024 |
| Bulgaria (%) | 27.4 2022 | yearly | 1995 - 2022 |
| Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 |
| Canada (%) | 100.3 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Chile (%) | 39.7 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Colombia (%) | 32.1 Mar 2024 | quarterly | Dec 2015 - Mar 2024 |
| Croatia (%) | 32.3 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Cyprus (%) | 88.2 2022 | yearly | 1995 - 2022 |
| Czech Republic (%) | 34.1 Mar 2024 | quarterly | Mar 2004 - Mar 2024 |
| Denmark (%) | 86.5 2022 | yearly | 1994 - 2022 |
| Ecuador (%) | 17.0 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
| Egypt (%) | 7.8 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| Estonia (%) | 37.8 Mar 2024 | quarterly | Dec 2003 - Mar 2024 |
| European Union (%) | 45.0 Jun 2024 | quarterly | Sep 1997 - Jun 2024 |
| Finland (%) | 75.5 2023 | yearly | 1995 - 2023 |
| France (%) | 71.6 2023 | yearly | 1977 - 2023 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 51.0 Mar 2024 | quarterly | Dec 1991 - Mar 2024 |
| Greece (%) | 46.9 Mar 2024 | quarterly | Dec 1997 - Mar 2024 |
| Hong Kong SAR, China (%) | 90.0 Jun 2024 | quarterly | Mar 1982 - Jun 2024 |
| Hungary (%) | 19.5 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Iceland (%) | 73.4 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| India (%) | 17.4 2024 | yearly | 1998 - 2024 |
| Indonesia (%) | 9.8 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Ireland (%) | 30.8 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Israel (%) | 42.0 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Italy (%) | 48.4 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Japan (%) | 65.4 Mar 2024 | quarterly | Dec 1997 - Mar 2024 |
| Jordan (%) | 81.2 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| South Korea (%) | 94.9 Mar 2024 | quarterly | Dec 2002 - Mar 2024 |
| Kosovo (%) | 20.3 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Kuwait (%) | 0.7 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Kyrgyzstan (%) | 7.1 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Latvia (%) | 19.9 Mar 2024 | quarterly | Mar 2004 - Mar 2024 |
| Lithuania (%) | 25.0 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Luxembourg (%) | 68.3 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Macau SAR, China (%) | 80.5 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| North Macedonia (%) | 27.6 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
| Malta (%) | 40.4 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 16.5 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Mongolia (%) | 25.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Montenegro (%) | 25.0 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 89.5 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| New Zealand (%) | 91.3 Mar 2024 | quarterly | Dec 1990 - Mar 2024 |
| Norway (%) | 93.5 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Panama (%) | 38.1 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Peru (%) | 16.5 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Philippines (%) | 11.0 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Poland (%) | 23.8 Mar 2024 | quarterly | Dec 2003 - Mar 2024 |
| Portugal (%) | 65.6 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
| Romania (%) | 14.6 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Saudi Arabia (%) | 11.9 Mar 2024 | quarterly | Dec 2003 - Mar 2024 |
| Serbia (%) | 17.9 Mar 2024 | quarterly | Dec 2003 - Mar 2024 |
| Singapore (%) | 52.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Slovakia (%) | 45.5 Mar 2024 | quarterly | Mar 2004 - Mar 2024 |
| Slovenia (%) | 27.4 Mar 2024 | quarterly | Mar 2004 - Mar 2024 |
| South Africa (%) | 41.1 Mar 2024 | quarterly | Mar 1969 - Mar 2024 |
| Spain (%) | 49.8 Mar 2024 | quarterly | Dec 1989 - Mar 2024 |
| Sri Lanka (%) | 6.6 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Sweden (%) | 87.5 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Switzerland (%) | 129.8 2023 | yearly | 1999 - 2023 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan (%) | 88.7 2022 | yearly | 2000 - 2022 |
| Thailand (%) | 90.8 Mar 2024 | quarterly | Mar 2003 - Mar 2024 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 11.0 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
| Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
| United Kingdom (%) | 82.9 Mar 2024 | quarterly | Mar 1987 - Mar 2024 |
| United States (%) | 63.2 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Uruguay (%) | 11.5 Mar 2024 | quarterly | Dec 2005 - Mar 2024 |
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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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) | 573.926 Jun 2024 | monthly | Jan 1995 - Jun 2024 |
| Tax Revenue: % of GDP (%) | 6.9 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| National Government Debt (USD mn) | 51,860.5 Jul 2024 | monthly | Jul 2004 - Jul 2024 |
| Government Debt: % of GDP (%) | 59.2 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Forecast: Government Expenditure (PAB bn) | 22.672 2029 | yearly | 1994 - 2029 |
| Forecast: Government Net Debt (PAB bn) | 53.964 2028 | yearly | 1994 - 2028 |
| Forecast: Government Revenue (PAB bn) | 20.911 2029 | yearly | 1994 - 2029 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 573,925.615 Jun 2024 | monthly | Jan 1995 - Jun 2024 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 370,551.352 Jun 2024 | monthly | Jan 1995 - Jun 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 670,830.564 Jun 2024 | monthly | Jan 1995 - Jun 2024 |
| Public Debt: Domestic (USD mn) | 8,469.450 Jul 2024 | monthly | Jul 2004 - Jul 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,042.7 Jun 2024 | monthly | Jan 1964 - Jun 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -76.4 Jun 2024 | monthly | Jan 2001 - Jun 2024 |
| Aluminum: Exports (USD th) | 4,900.259 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 807,995.942 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 145,164.399 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 1,123.9 Jun 2024 | monthly | Jan 2000 - Jun 2024 |
| Total Imports Growth (%) | -9.9 Jun 2024 | monthly | Jan 2001 - Jun 2024 |
| Imports: Medicament (USD th) | 1,054,288.448 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 448,064.045 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 27.285 May 2024 | monthly | Jan 1970 - May 2024 |
| Total Imports from USA (USD mn) | 4.123 May 2024 | monthly | Jan 1967 - May 2024 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 9.221 May 2024 | monthly | Mar 1989 - May 2024 |
| Exports: FOB: Prawn (PAB th) | 7,973.978 Jun 2024 | monthly | Jan 2000 - Jun 2024 |
| Exports: FOB: Banana (PAB th) | 11,437.554 Jun 2024 | monthly | Jan 2000 - Jun 2024 |
| Exports: FOB: Seafood Products (PAB th) | 10,878.062 Jun 2024 | monthly | Jan 2002 - Jun 2024 |
| Exports: FOB (PAB th) | 81,166.739 Jun 2024 | monthly | Jan 2000 - Jun 2024 |
| Exports: FOB: America: NAFTA: Mexico (PAB th) | 30,335.000 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) | 103.2 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Current Account Balance (USD mn) | 71.6 Mar 2024 | quarterly | Mar 1998 - Mar 2024 |
| Current Account Balance: % of GDP (%) | 0.3 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Foreign Direct Investment (USD mn) | 878.4 Mar 2024 | quarterly | Mar 1998 - Mar 2024 |
| Foreign Direct Investment: % of GDP (%) | 4.0 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Foreign Portfolio Investment (USD mn) | 3,089.260 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 14.2 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 3,089.260 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| External Debt (USD mn) | 43,391.0 Jul 2024 | monthly | Jul 2004 - Jul 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) | -2.777 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -73,805.352 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| BoP: Net Errors and Omissions (PAB mn) | -2,322.920 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Goods (PAB mn) | -2,549.871 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Services (PAB mn) | 3,727.764 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Services: Credit (PAB mn) | 5,021.013 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Services: Debit (PAB mn) | -1,293.249 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Income (PAB mn) | -1,125.248 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Income: Debit (PAB mn) | -2,259.988 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Goods: Credit (PAB mn) | 3,645.395 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 71.622 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: Capital Account: Credit (PAB mn) | 2.292 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Income: Credit (PAB mn) | 1,134.740 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: Financing: Reserve Assets (PAB mn) | -1,187.874 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: Capital Account (PAB mn) | 2.292 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: Financial Account (FA) (PAB mn) | 3,088.771 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: FA: Direct Investment (PAB mn) | 775.197 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -1,997.466 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: CA: Goods: Debit (PAB mn) | -6,195.266 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 3,089.260 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| International Investment Position (IIP) (USD mn) | -73,805.352 Mar 2024 | quarterly | Mar 2015 - Mar 2024 |
| IIP: Assets (USD mn) | 103,815.505 Mar 2024 | quarterly | Mar 2015 - Mar 2024 |
| IIP: Liabilities (USD mn) | 177,620.857 Mar 2024 | quarterly | Mar 2015 - Mar 2024 |
| Foreign Direct Investment (FDI) (PAB mn) | 878.406 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.7 Jul 2024 | monthly | Dec 2008 - Jul 2024 |
| Household Debt: % of GDP (%) | 38.1 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Non-Performing Loans (USD mn) | 1,567.008 Jul 2024 | monthly | Dec 2008 - Jul 2024 |
| Money Supply M1 (USD mn) | 8,884.760 Jun 2024 | monthly | Dec 2002 - Jun 2024 |
| Money Supply M2 (USD mn) | 40,975.270 Jun 2024 | monthly | Dec 2002 - Jun 2024 |
| M2 Growth (%) | 8.0 Jun 2024 | monthly | Dec 2003 - Jun 2024 |
| Foreign Exchange Reserves (USD mn) | 4,502.2 Jul 2024 | monthly | Oct 1969 - Jul 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 8.733 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Jun 2024 | monthly | Jan 2000 - Jun 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 105,254.667 Jul 2024 | monthly | Dec 1998 - Jul 2024 |
| Total Deposits Growth (%) | 3.5 Jul 2024 | monthly | Dec 1999 - Jul 2024 |
| Domestic Credit (USD mn) | 62,845.5 Jul 2024 | monthly | Dec 2001 - Jul 2024 |
| Domestic Credit Growth (%) | 5.1 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Household Debt (USD mn) | 32,409.3 Jul 2024 | monthly | Oct 2005 - Jul 2024 |
| Total Loans (USD mn) | 94,370.398 Jul 2024 | monthly | Dec 1998 - Jul 2024 |
| Total Loans Growth (%) | 7.18 Jul 2024 | monthly | Dec 1999 - Jul 2024 |
| Private Debt: % of Nominal GDP (%) | 69.04 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Money Supply: M3 (PAB mn) | 40,975.270 Jun 2024 | monthly | Dec 2002 - Jun 2024 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 20,988.189 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
More Indicators for Panama
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