Panama M2 Growth
2003 - 2023 | Monthly | % | CEIC Data
Key information about Panama M2 Growth
- Panama Money Supply M2 increased 3.9 % YoY in Dec 2023, compared with a growth of 2.9 % in the previous month
- Panama Money Supply M2 growth data is updated monthly, available from Dec 2003 to Dec 2023
- The data reached an all-time high of 34.3 % in Dec 2014 and a record low of -17.8 % in Mar 2022
CEIC calculates M2 Growth Rate from monthly M2. The Superintendency of Banks of Panama provides M2 in local currency.
Further information about Panama M2 Growth
- In the latest reports, Panama Foreign Exchange Reserves was measured at 5.4 USD bn in Jan 2024
- The Foreign Exchange Reserves equaled 5.2 Months of Import in Dec 2023
- Panama Domestic Credit reached 61.0 USD bn in Jan 2024, representing an increased of 4.0 % YoY
- The country's Non Performing Loans Ratio stood at 1.6 % in Jan 2024, compared with the ratio of 1.7 % in the previous month
- Household Debt of Panama reached 32.0 USD bn in Jan 2024, accounting for 38.3 % of the country's Nominal GDP
View Panama's M2 Growth from Dec 2003 to Dec 2023 in the chart:
What was Panama's M2 Growth in Dec 2023?
Panama Money Supply M2 increased 3.9 % YoY in Dec 2023, compared with a growth of 2.9 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.9 Dec 2023 | 2.9 Nov 2023 | -17.8 Mar 2022 | 34.3 Dec 2014 | % | monthly | Dec 2003 - Dec 2023 |
M2 Growth by Country Comparison
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Includes M2 Growth on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
| Algeria (%) | 14.5 Dec 2022 | monthly | Jan 2002 - Dec 2022 |
| Argentina (%) | 215.4 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
| Armenia (%) | 20.8 Nov 2023 | monthly | Jan 2003 - Nov 2023 |
| Australia (%) | 5.2 Feb 2024 | monthly | Mar 1966 - Feb 2024 |
| Austria (%) | -0.8 Feb 2024 | monthly | Sep 1998 - Feb 2024 |
| Azerbaijan (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Bahrain (%) | 0.9 Jan 2024 | monthly | Dec 1975 - Jan 2024 |
| Bangladesh (%) | 8.9 Feb 2024 | monthly | Jun 1987 - Feb 2024 |
| Belarus (%) | 31.8 Mar 2024 | monthly | Dec 1990 - Mar 2024 |
| Belgium (%) | -2.6 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Bolivia (%) | 7.6 Oct 2023 | monthly | Dec 1988 - Oct 2023 |
| Bosnia and Herzegovina (%) | 8.4 Feb 2024 | monthly | Aug 1998 - Feb 2024 |
| Botswana (%) | 8.6 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
| Brazil (%) | 15.5 Feb 2024 | monthly | Jan 1971 - Feb 2024 |
| Bulgaria (%) | 8.8 Jan 2024 | monthly | Dec 1996 - Jan 2024 |
| Cambodia (%) | 14.9 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| Canada (%) | 3.5 Jan 2024 | monthly | Jan 1969 - Jan 2024 |
| Chile (%) | 6.2 Mar 2024 | monthly | Jan 1987 - Mar 2024 |
| China (%) | 8.3 Mar 2024 | monthly | Mar 1997 - Mar 2024 |
| Colombia (%) | 6.9 Mar 2024 | monthly | Dec 1980 - Mar 2024 |
| Croatia (%) | 3.2 Feb 2024 | monthly | Jun 1995 - Feb 2024 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 8.9 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
| Denmark (%) | 3.4 Aug 2017 | monthly | Jan 1996 - Aug 2017 |
| Ecuador (%) | 6.3 Feb 2024 | monthly | Dec 2007 - Feb 2024 |
| Egypt (%) | 16.6 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Estonia (%) | 5.8 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| European Union (%) | -0.7 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Finland (%) | -18.4 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| France (%) | -0.9 Feb 2024 | monthly | Dec 1978 - Feb 2024 |
| Georgia (%) | 29.6 Feb 2024 | monthly | Oct 1996 - Feb 2024 |
| Germany (%) | -0.9 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Ghana (%) | 37.2 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Greece (%) | 1.3 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| Hong Kong SAR, China (%) | 4.0 Feb 2024 | monthly | Dec 1981 - Feb 2024 |
| Hungary (%) | 1.6 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Iceland (%) | 10.0 Feb 2024 | monthly | Sep 1987 - Feb 2024 |
| India (%) | 6.5 Jan 2024 | monthly | Mar 1995 - Jan 2024 |
| Indonesia (%) | 5.3 Feb 2024 | monthly | Feb 1969 - Feb 2024 |
| Iran (%) | 25.4 Jan 2024 | monthly | Dec 2000 - Jan 2024 |
| Ireland (%) | 2.3 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Israel (%) | -5.8 Nov 2023 | monthly | Apr 1982 - Nov 2023 |
| Italy (%) | -2.2 Jan 2024 | monthly | Dec 1975 - Jan 2024 |
| Ivory Coast (%) | 2.0 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
| Japan (%) | 2.5 Mar 2024 | monthly | Jan 1968 - Mar 2024 |
| Jordan (%) | 3.9 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| Kazakhstan (%) | 18.8 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
| Kenya (%) | 24.3 Dec 2023 | monthly | Dec 1996 - Dec 2023 |
| South Korea (%) | 3.8 Jan 2024 | monthly | Jan 1971 - Jan 2024 |
| Kosovo (%) | 11.7 2022 | yearly | 2002 - 2022 |
| Kuwait (%) | -0.6 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Kyrgyzstan (%) | 11.4 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
| Laos (%) | 33.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Latvia (%) | 4.0 Jan 2024 | monthly | Jan 2015 - Jan 2024 |
| Lebanon (%) | -5.5 Nov 2023 | monthly | Dec 1980 - Nov 2023 |
| Lithuania (%) | 2.6 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
| Luxembourg (%) | -8.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Macau SAR, China (%) | 4.1 Feb 2024 | monthly | Jun 1985 - Feb 2024 |
| North Macedonia (%) | 6.3 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Malawi (%) | 36.0 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
| Malaysia (%) | 5.6 Feb 2024 | monthly | Dec 1970 - Feb 2024 |
| Malta (%) | 4.8 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Mauritius (%) | 6.6 Feb 2024 | monthly | Jul 1977 - Feb 2024 |
| Mexico (%) | 12.5 Feb 2024 | monthly | Dec 1986 - Feb 2024 |
| Moldova (%) | 19.5 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Mongolia (%) | 24.3 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Montenegro (%) | 22.9 2022 | yearly | 2003 - 2022 |
| Morocco (%) | 6.7 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Mozambique (%) | 4.4 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
| Myanmar (%) | 10.9 Jun 2023 | quarterly | Dec 2002 - Jun 2023 |
| Nepal (%) | 14.0 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Netherlands (%) | -2.3 Feb 2024 | monthly | Dec 1957 - Feb 2024 |
| New Zealand (%) | 3.3 Feb 2024 | monthly | Mar 1989 - Feb 2024 |
| Nigeria (%) | 77.6 Feb 2024 | monthly | Nov 1993 - Feb 2024 |
| Norway (%) | -0.9 Feb 2024 | monthly | Dec 1993 - Feb 2024 |
| Oman (%) | 14.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Pakistan (%) | 15.3 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| Palestinian Territory (%) | 6.3 Feb 2024 | monthly | Jul 2003 - Feb 2024 |
| Panama (%) | 3.9 Dec 2023 | monthly | Dec 2003 - Dec 2023 |
| Paraguay (%) | 12.2 Feb 2024 | monthly | Dec 1989 - Feb 2024 |
| Peru (%) | 2.3 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Philippines (%) | 6.5 Jan 2024 | monthly | Dec 1989 - Jan 2024 |
| Poland (%) | 7.4 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Portugal (%) | 2.8 Feb 2024 | monthly | Dec 1980 - Feb 2024 |
| Qatar (%) | 6.5 Feb 2024 | monthly | Jan 1983 - Feb 2024 |
| Romania (%) | 10.7 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Russia (%) | 18.4 Feb 2024 | monthly | Dec 1992 - Feb 2024 |
| Saudi Arabia (%) | 10.5 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Serbia (%) | 15.2 Feb 2024 | monthly | Aug 2002 - Feb 2024 |
| Singapore (%) | 2.9 Feb 2024 | monthly | Mar 2005 - Feb 2024 |
| Slovakia (%) | 3.7 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
| Slovenia (%) | 4.3 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| South Africa (%) | 5.6 Feb 2024 | monthly | Mar 1966 - Feb 2024 |
| Spain (%) | -0.2 Dec 2023 | monthly | Jan 1963 - Dec 2023 |
| Sri Lanka (%) | 8.9 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Sudan (%) | 43.9 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
| Sweden (%) | -1.5 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Switzerland (%) | -10.4 Jun 2023 | monthly | Dec 1985 - Jun 2023 |
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Includes 164 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 (%) | -3.0 2023 | yearly | 2003 - 2023 |
| Consolidated Fiscal Balance (USD mn) | -2,462.500 2023 | yearly | 2003 - 2023 |
| Tax Revenue (USD mn) | 402.772 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Tax Revenue: % of GDP (%) | 9.6 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| National Government Debt (USD mn) | 49,808.0 Feb 2024 | monthly | Jul 2004 - Feb 2024 |
| Government Debt: % of GDP (%) | 56.4 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Forecast: Government Expenditure (PAB bn) | 22.880 2028 | yearly | 1994 - 2028 |
| Forecast: Government Net Debt (PAB bn) | 53.964 2028 | yearly | 1994 - 2028 |
| Forecast: Government Revenue (PAB bn) | 21.239 2028 | yearly | 1994 - 2028 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 183,964.393 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 493,810.833 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 402,771.625 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,031.9 Jan 2024 | monthly | Jan 1964 - Jan 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -75.7 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Aluminum: Exports (USD th) | 1,490.770 2022 | yearly | 1995 - 2022 |
| 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) | 1,094.8 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Total Imports Growth (%) | -4.5 Jan 2024 | monthly | Jan 2001 - Jan 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) | 17.278 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
| Total Imports from USA (USD mn) | 182.677 Dec 2023 | monthly | Jan 1967 - Dec 2023 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 146.475 Dec 2023 | monthly | Mar 1989 - Dec 2023 |
| 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 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 150.6 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Current Account Balance (USD mn) | -4,356.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Current Account Balance: % of GDP (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 779.1 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Foreign Direct Investment: % of GDP (%) | 3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 5.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| External Debt (USD mn) | 42,844.3 Feb 2024 | monthly | Jul 2004 - Feb 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) | -72,069.421 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| BoP: Net Errors and Omissions (PAB mn) | 4,238.808 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Services: Credit (PAB mn) | 4,899.518 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Income (PAB mn) | -751.392 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Services (PAB mn) | 3,312.902 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Goods: Credit (PAB mn) | 3,968.015 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Goods (PAB mn) | -6,856.914 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Capital Account (PAB mn) | 2.055 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Income: Debit (PAB mn) | -1,767.175 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: FA: Direct Investment (PAB mn) | 628.537 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Financing: Reserve Assets (PAB mn) | -2,018.107 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | -4,356.507 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Services: Debit (PAB mn) | -1,586.616 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Capital Account: Credit (PAB mn) | 2.055 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Financial Account (FA) (PAB mn) | 1,689.751 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Income: Credit (PAB mn) | 1,015.783 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | 772.109 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Goods: Debit (PAB mn) | -10,824.928 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| International Investment Position (IIP) (USD mn) | -72,069.421 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| IIP: Liabilities (USD mn) | 174,745.416 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| IIP: Assets (USD mn) | 102,675.995 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Foreign Direct Investment (FDI) (PAB mn) | 779.107 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.9 Feb 2024 | monthly | Dec 2008 - Feb 2024 |
| Household Debt: % of GDP (%) | 38.0 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Non-Performing Loans (USD mn) | 1,686.854 Feb 2024 | monthly | Dec 2008 - Feb 2024 |
| Money Supply M1 (USD mn) | 9,318.060 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
| Money Supply M2 (USD mn) | 39,528.840 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
| M2 Growth (%) | 3.9 Dec 2023 | monthly | Dec 2003 - Dec 2023 |
| Foreign Exchange Reserves (USD mn) | 8,144.7 Feb 2024 | monthly | Oct 1969 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 7.368 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Gold Reserves (USD mn) | 0.000 Feb 2024 | monthly | Sep 1969 - Feb 2024 |
| Total Deposits (USD mn) | 104,069.234 Jan 2024 | monthly | Dec 1998 - Jan 2024 |
| Total Deposits Growth (%) | 9.0 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Domestic Credit (USD mn) | 61,225.8 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
| Domestic Credit Growth (%) | 4.7 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Household Debt (USD mn) | 32,052.6 Feb 2024 | monthly | Oct 2005 - Feb 2024 |
| Total Loans (USD mn) | 90,529.510 Jan 2024 | monthly | Dec 1998 - Jan 2024 |
| Total Loans Growth (%) | 5.98 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 68.65 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Money Supply: M3 (PAB mn) | 39,528.840 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 20,690.512 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
More Indicators for Panama
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