Panama M2 Growth

2003 - 2024 | Monthly | % | CEIC Data

Key information about Panama M2 Growth

  • Panama Money Supply M2 increased 8.7 % YoY in Jul 2024, compared with a growth of 8.0 % in the previous month
  • Panama Money Supply M2 growth data is updated monthly, available from Dec 2003 to Jul 2024
  • 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 4.5 USD bn in Jul 2024
  • The Foreign Exchange Reserves equaled 4.3 Months of Import in Jun 2024
  • Panama Domestic Credit reached 62.8 USD bn in Jul 2024, representing an increased of 5.1 % YoY
  • The country's Non Performing Loans Ratio stood at 1.7 % in Jul 2024, compared with the ratio of 1.6 % in the previous month
  • Household Debt of Panama reached 32.4 USD bn in Jul 2024, accounting for 38.1 % of the country's Nominal GDP

View Panama's M2 Growth from Dec 2003 to Jul 2024 in the chart:

Panama M2 Growth

What was Panama's M2 Growth in Jul 2024?

Panama Money Supply M2 increased 8.7 % YoY in Jul 2024, compared with a growth of 8.0 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
8.7 Jul 2024 8.0 Jun 2024 -17.8 Mar 2022 34.3 Dec 2014 % monthly Dec 2003 - Jul 2024

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 6.3 Jul 2024 monthly Dec 1994 - Jul 2024
Algeria (%) 14.5 Dec 2022 monthly Jan 2002 - Dec 2022
Argentina (%) 218.2 May 2024 monthly Jan 1991 - May 2024
Armenia (%) 17.2 May 2024 monthly Jan 2003 - May 2024
Australia (%) 6.0 Jul 2024 monthly Mar 1966 - Jul 2024
Austria (%) 1.9 Jul 2024 monthly Sep 1998 - Jul 2024
Azerbaijan (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Bahrain (%) 1.7 Jul 2024 monthly Dec 1975 - Jul 2024
Bangladesh (%) 8.1 Jul 2024 monthly Jun 1987 - Jul 2024
Belarus (%) 29.5 Jun 2024 monthly Dec 1990 - Jun 2024
Belgium (%) -0.1 Jul 2024 monthly Dec 1997 - Jul 2024
Bolivia (%) 17.3 Apr 2024 monthly Dec 1988 - Apr 2024
Bosnia and Herzegovina (%) 7.7 Jul 2024 monthly Aug 1998 - Jul 2024
Botswana (%) 16.4 Jun 2024 monthly Jan 2002 - Jun 2024
Brazil (%) 14.8 Jul 2024 monthly Jan 1971 - Jul 2024
Bulgaria (%) 9.3 Jul 2024 monthly Dec 1996 - Jul 2024
Cambodia (%) 15.3 Jul 2024 monthly Jan 1996 - Jul 2024
Canada (%) 6.1 Jul 2024 monthly Jan 1969 - Jul 2024
Chile (%) 7.4 Aug 2024 monthly Jan 1987 - Aug 2024
China (%) 6.3 Jul 2024 monthly Mar 1997 - Jul 2024
Colombia (%) 8.8 Jul 2024 monthly Dec 1980 - Jul 2024
Croatia (%) 4.8 Jul 2024 monthly Jun 1995 - Jul 2024
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 5.9 Jul 2024 monthly Jan 2003 - Jul 2024
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 8.3 Jul 2024 monthly Dec 2007 - Jul 2024
Egypt (%) 29.2 Jul 2024 monthly Jan 1997 - Jul 2024
Estonia (%) 7.7 Jul 2024 monthly Jan 2012 - Jul 2024
European Union (%) 1.2 Jul 2024 monthly Jan 1981 - Jul 2024
Finland (%) -13.0 Jul 2024 monthly Jan 1981 - Jul 2024
France (%) 0.4 Jul 2024 monthly Dec 1978 - Jul 2024
Georgia (%) 21.5 Jul 2024 monthly Oct 1996 - Jul 2024
Germany (%) 0.7 Jul 2024 monthly Jan 1970 - Jul 2024
Ghana (%) 37.2 Dec 2023 quarterly Mar 1991 - Dec 2023
Greece (%) 1.6 Jul 2024 monthly Jan 2002 - Jul 2024
Hong Kong SAR, China (%) 7.1 Jul 2024 monthly Dec 1981 - Jul 2024
Hungary (%) 6.4 Jul 2024 monthly Jan 1999 - Jul 2024
Iceland (%) 12.9 Jul 2024 monthly Sep 1987 - Jul 2024
India (%) 7.4 Jul 2024 monthly Mar 1995 - Jul 2024
Indonesia (%) 7.4 Jul 2024 monthly Feb 1969 - Jul 2024
Iran (%) 26.8 Jun 2024 monthly Dec 2000 - Jun 2024
Ireland (%) 6.6 Jul 2024 monthly Jan 2000 - Jul 2024
Israel (%) 7.7 May 2024 monthly Apr 1982 - May 2024
Italy (%) 0.4 Jul 2024 monthly Dec 1975 - Jul 2024
Ivory Coast (%) 3.3 Apr 2024 monthly Jan 2005 - Apr 2024
Japan (%) 1.3 Aug 2024 monthly Jan 1968 - Aug 2024
Jordan (%) 5.5 Jul 2024 monthly Jan 1991 - Jul 2024
Kazakhstan (%) 16.6 Jun 2024 monthly Dec 1994 - Jun 2024
Kenya (%) 3.9 Jun 2024 monthly Dec 1996 - Jun 2024
South Korea (%) 6.7 Jul 2024 monthly Jan 1971 - Jul 2024
Kosovo (%) 11.3 2023 yearly 2002 - 2023
Kuwait (%) 1.9 Jul 2024 monthly Jan 1995 - Jul 2024
Kyrgyzstan (%) 30.9 Jul 2024 monthly Jan 1995 - Jul 2024
Laos (%) 34.6 Jun 2024 quarterly Dec 2000 - Jun 2024
Latvia (%) 4.1 Jun 2024 monthly Jan 2015 - Jun 2024
Lebanon (%) -17.2 Feb 2024 monthly Dec 1980 - Feb 2024
Lithuania (%) 6.2 Jul 2024 monthly Dec 1994 - Jul 2024
Luxembourg (%) 2.9 Jul 2024 monthly Jan 2000 - Jul 2024
Macau SAR, China (%) 5.3 Jul 2024 monthly Jun 1985 - Jul 2024
North Macedonia (%) 6.0 Aug 2024 monthly Jan 2004 - Aug 2024
Malawi (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 5.3 Jul 2024 monthly Dec 1970 - Jul 2024
Malta (%) 3.7 Jul 2024 monthly Jan 2009 - Jul 2024
Mauritius (%) 9.9 Jul 2024 monthly Jul 1977 - Jul 2024
Mexico (%) 12.1 Jul 2024 monthly Dec 1986 - Jul 2024
Moldova (%) 16.3 Jul 2024 monthly Jan 2001 - Jul 2024
Mongolia (%) 27.3 Aug 2024 monthly Dec 1997 - Aug 2024
Montenegro (%) 12.0 2023 yearly 2003 - 2023
Morocco (%) 7.8 Jul 2024 monthly Jan 1986 - Jul 2024
Mozambique (%) 12.4 Jul 2024 monthly Dec 2002 - Jul 2024
Myanmar (%) 13.3 Sep 2023 quarterly Dec 2002 - Sep 2023
Nepal (%) 13.0 Jul 2024 monthly Jan 2002 - Jul 2024
Netherlands (%) -0.7 Jul 2024 monthly Dec 1957 - Jul 2024
New Zealand (%) 3.2 Jul 2024 monthly Mar 1989 - Jul 2024
Nigeria (%) 62.7 Jul 2024 monthly Nov 1993 - Jul 2024
Norway (%) 3.7 Jul 2024 monthly Dec 1993 - Jul 2024
Oman (%) 13.3 Jul 2024 monthly Jan 2000 - Jul 2024
Pakistan (%) 14.1 Jul 2024 monthly Jan 1989 - Jul 2024
Palestinian Territory (%) 4.4 Jul 2024 monthly Jul 2003 - Jul 2024
Panama (%) 8.7 Jul 2024 monthly Dec 2003 - Jul 2024
Paraguay (%) 10.5 Aug 2024 monthly Dec 1989 - Aug 2024
Peru (%) 9.8 Jul 2024 monthly Jan 1993 - Jul 2024
Philippines (%) 7.8 Jul 2024 monthly Dec 1989 - Jul 2024
Poland (%) 8.5 Jul 2024 monthly Dec 1997 - Jul 2024
Portugal (%) 5.9 Jul 2024 monthly Dec 1980 - Jul 2024
Qatar (%) 6.4 Jul 2024 monthly Jan 1983 - Jul 2024
Romania (%) 10.6 Jul 2024 monthly Dec 2002 - Jul 2024
Russia (%) 18.2 Jul 2024 monthly Dec 1992 - Jul 2024
Saudi Arabia (%) 10.5 Jul 2024 monthly Jan 1994 - Jul 2024
Serbia (%) 17.9 Jul 2024 monthly Aug 2002 - Jul 2024
Singapore (%) 4.0 Jul 2024 monthly Mar 2005 - Jul 2024
Slovakia (%) 5.7 Jul 2024 monthly Dec 2001 - Jul 2024
Slovenia (%) 3.1 Jul 2024 monthly Jan 2008 - Jul 2024
South Africa (%) 5.8 Jul 2024 monthly Mar 1966 - Jul 2024
Spain (%) 4.1 Jul 2024 monthly Jan 1963 - Jul 2024
Sri Lanka (%) 10.5 Jun 2024 monthly Jan 1995 - Jun 2024
Sudan (%) 43.9 Feb 2023 monthly Dec 2004 - Feb 2023
Sweden (%) 0.3 Jun 2024 monthly Jan 1999 - Jun 2024
Switzerland (%) -10.4 Jun 2023 monthly Dec 1985 - Jun 2023

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Panama 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 (%) 6.7 Jun 2024 quarterly Mar 2007 - Jun 2024
National Government Debt (USD mn) 51,860.5 Jul 2024 monthly Jul 2004 - Jul 2024
Government Debt: % of GDP (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 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: Direct: Total (PAB th) 370,551.352 Jun 2024 monthly Jan 1995 - Jun 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 573,925.615 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
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) 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 (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Direct Investment (USD mn) 878.4 Mar 2024 quarterly Mar 1998 - Mar 2024
Foreign Direct Investment: % of GDP (%) 3.8 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment (USD mn) 3,089.260 Mar 2024 quarterly Mar 2013 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 0.2 Jun 2024 quarterly Mar 2007 - Jun 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
Balance of Payment (BoP): Current Account (CA) (PAB mn) 71.622 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Goods (PAB mn) -2,549.871 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Goods: Credit (PAB mn) 3,645.395 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Goods: Debit (PAB mn) -6,195.266 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: Services (PAB mn) 3,727.764 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: Credit (PAB mn) 1,134.740 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: CA: Income: Debit (PAB mn) -2,259.988 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Capital Account (PAB mn) 2.292 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Capital Account: Credit (PAB mn) 2.292 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2024 quarterly Mar 2013 - Mar 2024
BoP: Financing: Reserve Assets (PAB mn) -1,187.874 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: 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 (%) 38.2 Jun 2024 quarterly Dec 2007 - Jun 2024
Non-Performing Loans (USD mn) 1,567.008 Jul 2024 monthly Dec 2008 - Jul 2024
Money Supply M1 (USD mn) 8,749.080 Jul 2024 monthly Dec 2002 - Jul 2024
Money Supply M2 (USD mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
M2 Growth (%) 8.7 Jul 2024 monthly Dec 2003 - Jul 2024
Foreign Exchange Reserves (USD mn) 4,502.2 Jul 2024 monthly Oct 1969 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 5.729 Jun 2024 quarterly Dec 2007 - Jun 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 (%) 69.20 Jun 2024 quarterly Dec 2007 - Jun 2024
Money Supply: M3 (PAB mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 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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