Panama M2 Growth

2003 - 2023 | Monthly | % | CEIC Data

Key information about Panama M2 Growth

  • Panama Money Supply M2 increased 0.0 % YoY in Aug 2023, compared with a drop of -0.6 % in the previous month
  • Panama Money Supply M2 growth data is updated monthly, available from Dec 2003 to Aug 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 4.7 USD bn in Aug 2023
  • The Foreign Exchange Reserves equaled 4.3 Months of Import in Jun 2023
  • Panama Domestic Credit reached 60.0 USD bn in Aug 2023, representing an increased of 5.0 % YoY
  • The country's Non Performing Loans Ratio stood at 1.5 % in Aug 2023, compared with the ratio of 1.6 % in the previous month
  • Household Debt of Panama reached 31.1 USD bn in Jul 2023, accounting for 42.6 % of the country's Nominal GDP

View Panama's M2 Growth from Dec 2003 to Aug 2023 in the chart:

Panama M2 Growth

What was Panama's M2 Growth in Aug 2023?

Panama Money Supply M2 increased 0.0 % YoY in Aug 2023, compared with a drop of -0.6 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.0 Aug 2023 -0.6 Jul 2023 -17.8 Mar 2022 34.3 Dec 2014 % monthly Dec 2003 - Aug 2023

M2 Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 2.3 Sep 2023 monthly Dec 1994 - Sep 2023
Algeria (%) 14.5 Dec 2022 monthly Jan 2002 - Dec 2022
Argentina (%) 116.5 Sep 2023 monthly Jan 1991 - Sep 2023
Armenia (%) 22.6 Jul 2023 monthly Jan 2003 - Jul 2023
Australia (%) 5.0 Sep 2023 monthly Mar 1966 - Sep 2023
Austria (%) -1.9 Aug 2023 monthly Sep 1998 - Aug 2023
Azerbaijan (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Bahrain (%) 2.3 Sep 2023 monthly Dec 1975 - Sep 2023
Bangladesh (%) 9.0 Sep 2023 monthly Jun 1987 - Sep 2023
Belarus (%) 35.6 Aug 2023 monthly Dec 1990 - Aug 2023
Belgium (%) -5.7 Sep 2023 monthly Dec 1997 - Sep 2023
Bolivia (%) 6.2 Sep 2023 monthly Dec 1988 - Sep 2023
Bosnia and Herzegovina (%) 7.4 Sep 2023 monthly Aug 1998 - Sep 2023
Botswana (%) 4.7 Jul 2023 monthly Jan 2002 - Jul 2023
Brazil (%) 16.4 Sep 2023 monthly Jan 1971 - Sep 2023
Bulgaria (%) 8.7 Sep 2023 monthly Dec 1996 - Sep 2023
Cambodia (%) 11.0 Aug 2023 monthly Jan 1996 - Aug 2023
Canada (%) 3.2 Sep 2023 monthly Jan 1969 - Sep 2023
Chile (%) 6.3 Oct 2023 monthly Jan 1987 - Oct 2023
China (%) 10.6 Aug 2023 monthly Mar 1997 - Aug 2023
Colombia (%) 8.9 Oct 2023 monthly Dec 1980 - Oct 2023
Croatia (%) 16.9 Aug 2023 monthly Jun 1995 - Aug 2023
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 8.2 Aug 2023 monthly Jan 2003 - Aug 2023
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 6.9 Sep 2023 monthly Dec 2007 - Sep 2023
Egypt (%) 23.0 Sep 2023 monthly Jan 1997 - Sep 2023
Estonia (%) 3.1 Sep 2023 monthly Jan 2012 - Sep 2023
European Union (%) -2.2 Sep 2023 monthly Jan 1981 - Sep 2023
Finland (%) -9.4 Sep 2023 monthly Jan 1981 - Sep 2023
France (%) -0.7 Sep 2023 monthly Dec 1978 - Sep 2023
Georgia (%) 34.2 Sep 2023 monthly Oct 1996 - Sep 2023
Germany (%) -1.5 Sep 2023 monthly Jan 1970 - Sep 2023
Ghana (%) 40.9 Jun 2023 quarterly Mar 1991 - Jun 2023
Greece (%) 1.3 Sep 2023 monthly Jan 2002 - Sep 2023
Hong Kong SAR, China (%) 2.8 Aug 2023 monthly Dec 1981 - Aug 2023
Hungary (%) -5.3 Sep 2023 monthly Jan 1999 - Sep 2023
Iceland (%) 10.0 Sep 2023 monthly Sep 1987 - Sep 2023
India (%) 7.2 Sep 2023 monthly Mar 1995 - Sep 2023
Indonesia (%) 6.0 Sep 2023 monthly Feb 1969 - Sep 2023
Iran (%) 27.5 Jul 2023 monthly Dec 2000 - Jul 2023
Ireland (%) -0.9 Sep 2023 monthly Jan 2000 - Sep 2023
Israel (%) -8.4 Aug 2023 monthly Apr 1982 - Aug 2023
Italy (%) -3.0 Sep 2023 monthly Dec 1975 - Sep 2023
Ivory Coast (%) 4.6 Aug 2023 monthly Jan 2005 - Aug 2023
Japan (%) 2.4 Oct 2023 monthly Jan 1968 - Oct 2023
Jordan (%) 2.2 Sep 2023 monthly Jan 1991 - Sep 2023
Kazakhstan (%) 13.2 Oct 2023 monthly Dec 1994 - Oct 2023
Kenya (%) 8.3 Jul 2023 monthly Dec 1996 - Jul 2023
South Korea (%) 1.8 Sep 2023 monthly Jan 1971 - Sep 2023
Kosovo (%) 11.7 2022 yearly 2002 - 2022
Kuwait (%) 3.8 Sep 2023 monthly Jan 1995 - Sep 2023
Kyrgyzstan (%) 16.2 Sep 2023 monthly Jan 1995 - Sep 2023
Laos (%) 31.2 Sep 2023 quarterly Dec 2000 - Sep 2023
Latvia (%) 2.7 Sep 2023 monthly Jan 2015 - Sep 2023
Lebanon (%) 29.8 Aug 2023 monthly Dec 1980 - Aug 2023
Lithuania (%) 4.6 Sep 2023 monthly Dec 1994 - Sep 2023
Luxembourg (%) -9.4 Sep 2023 monthly Jan 2000 - Sep 2023
Macau SAR, China (%) 7.0 Sep 2023 monthly Jun 1985 - Sep 2023
North Macedonia (%) 7.5 Aug 2023 monthly Jan 2004 - Aug 2023
Malawi (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 2.8 Sep 2023 monthly Dec 1970 - Sep 2023
Malta (%) 1.4 Sep 2023 monthly Jan 2009 - Sep 2023
Mauritius (%) 5.4 Jun 2023 monthly Jul 1977 - Jun 2023
Mexico (%) 9.3 Sep 2023 monthly Dec 1986 - Sep 2023
Moldova (%) 21.7 Oct 2023 monthly Jan 2001 - Oct 2023
Mongolia (%) 23.6 Oct 2023 monthly Dec 1997 - Oct 2023
Montenegro (%) 22.9 2022 yearly 2003 - 2022
Morocco (%) 8.7 Aug 2023 monthly Jan 1986 - Aug 2023
Mozambique (%) 5.2 Aug 2023 monthly Dec 2002 - Aug 2023
Myanmar (%) -0.7 Sep 2022 quarterly Dec 2002 - Sep 2022
Nepal (%) 14.0 Oct 2023 monthly Jan 2002 - Oct 2023
Netherlands (%) -3.1 Sep 2023 monthly Dec 1957 - Sep 2023
New Zealand (%) 3.3 Sep 2023 monthly Mar 1989 - Sep 2023
Nigeria (%) 34.6 Sep 2023 monthly Nov 1993 - Sep 2023
Norway (%) -1.5 Sep 2023 monthly Dec 1993 - Sep 2023
Oman (%) 4.5 Sep 2023 monthly Jan 2000 - Sep 2023
Pakistan (%) 12.9 Sep 2023 monthly Jan 1989 - Sep 2023
Palestinian Territory (%) 2.6 Sep 2023 monthly Jul 2003 - Sep 2023
Panama (%) 0.0 Aug 2023 monthly Dec 2003 - Aug 2023
Paraguay (%) 10.6 Oct 2023 monthly Dec 1989 - Oct 2023
Peru (%) -1.6 Sep 2023 monthly Jan 1993 - Sep 2023
Philippines (%) 8.2 Sep 2023 monthly Dec 1989 - Sep 2023
Poland (%) 8.4 Sep 2023 monthly Dec 1997 - Sep 2023
Portugal (%) -2.4 Sep 2023 monthly Dec 1980 - Sep 2023
Qatar (%) 1.0 Aug 2023 monthly Jan 1983 - Aug 2023
Romania (%) 10.1 Sep 2023 monthly Dec 2002 - Sep 2023
Russia (%) 22.9 Aug 2023 monthly Dec 1992 - Aug 2023
Saudi Arabia (%) 9.8 Sep 2023 monthly Jan 1994 - Sep 2023
Serbia (%) 21.5 Sep 2023 monthly Aug 2002 - Sep 2023
Singapore (%) 1.4 Sep 2023 monthly Mar 2005 - Sep 2023
Slovakia (%) 0.5 Sep 2023 monthly Dec 2001 - Sep 2023
Slovenia (%) 4.9 Sep 2023 monthly Jan 2008 - Sep 2023
South Africa (%) 6.9 Sep 2023 monthly Mar 1966 - Sep 2023
Spain (%) -2.3 Aug 2023 monthly Jan 1963 - Aug 2023
Sri Lanka (%) 7.5 Sep 2023 monthly Jan 1995 - Sep 2023
Sudan (%) 43.9 Feb 2023 monthly Dec 2004 - Feb 2023
Sweden (%) -3.7 Sep 2023 monthly Jan 1999 - Sep 2023
Switzerland (%) -10.4 Jun 2023 monthly Dec 1985 - Jun 2023

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Panama Key Series

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Includes 162 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 (%) -3.9 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -3,005.500 2022 yearly 2003 - 2022
Tax Revenue (USD mn) 518.547 Aug 2023 monthly Jan 1995 - Aug 2023
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 47,406.2 Oct 2023 monthly Jul 2004 - Oct 2023
Government Debt: % of GDP (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
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 (PAB th) 518,546.926 Aug 2023 monthly Jan 1995 - Aug 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 296,000.396 Aug 2023 monthly Jan 1995 - Aug 2023
Central Government Revenue: Current Revenue (PAB th) 630,946.588 Aug 2023 monthly Jan 1995 - Aug 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,047.8 Aug 2023 monthly Jan 1964 - Aug 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 1.5 Aug 2023 monthly Jan 2001 - Aug 2023
Aluminum: Exports (USD th) 5,167.980 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) 1,399.0 Aug 2023 monthly Jan 2000 - Aug 2023
Total Imports Growth (%) -5.6 Aug 2023 monthly Jan 2001 - Aug 2023
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) 16.323 Jul 2023 monthly Jan 1970 - Jul 2023
Total Imports from USA (USD mn) 183.828 Jul 2023 monthly Jan 1967 - Jul 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 122.307 Jul 2023 monthly Mar 1989 - Jul 2023
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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -78.4 Mar 2023 quarterly Mar 2013 - Mar 2023
Current Account Balance (USD mn) 1,101.8 Mar 2023 quarterly Mar 1998 - Mar 2023
Current Account Balance: % of GDP (%) -16.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Direct Investment (USD mn) 828.1 Mar 2023 quarterly Mar 1998 - Mar 2023
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment (USD mn) 1,626.219 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) -0.0 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,626.219 Mar 2023 quarterly Mar 2013 - Mar 2023
External Debt (USD mn) 40,008.0 Oct 2023 monthly Jul 2004 - Oct 2023
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) -2.743 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -70,928.394 Mar 2023 quarterly Mar 2002 - Mar 2023
BoP: Net Errors and Omissions (PAB mn) -873.539 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods (PAB mn) -1,303.278 Mar 2023 quarterly Mar 2013 - Mar 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) 1,101.789 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods: Credit (PAB mn) 5,115.466 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods: Debit (PAB mn) -6,418.744 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Services (PAB mn) 3,447.793 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Services: Credit (PAB mn) 4,757.866 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Services: Debit (PAB mn) -1,310.072 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Income (PAB mn) -1,043.127 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Income: Credit (PAB mn) 953.765 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Income: Debit (PAB mn) -1,996.892 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account (PAB mn) 2.216 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account: Credit (PAB mn) 2.216 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Financing: Reserve Assets (PAB mn) 1.632 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Financial Account (FA) (PAB mn) -436.615 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Direct Investment (PAB mn) 906.491 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,885.224 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 1,626.219 Mar 2023 quarterly Mar 2013 - Mar 2023
International Investment Position (IIP) (USD mn) -70,928.394 Mar 2023 quarterly Mar 2015 - Mar 2023
IIP: Assets (USD mn) 99,523.854 Mar 2023 quarterly Mar 2015 - Mar 2023
IIP: Liabilities (USD mn) 170,452.248 Mar 2023 quarterly Mar 2015 - Mar 2023
Foreign Direct Investment (FDI) (PAB mn) 828.124 Mar 2023 quarterly Mar 2013 - Mar 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Aug 2023 monthly Dec 2008 - Aug 2023
Household Debt: % of GDP (%) 42.6 Sep 2022 quarterly Dec 2007 - Sep 2022
Non-Performing Loans (USD mn) 1,359.501 Aug 2023 monthly Dec 2008 - Aug 2023
Money Supply M1 (USD mn) 8,815.110 Aug 2023 monthly Dec 2002 - Aug 2023
Money Supply M2 (USD mn) 38,175.510 Aug 2023 monthly Dec 2002 - Aug 2023
M2 Growth (%) 0.0 Aug 2023 monthly Dec 2003 - Aug 2023
Foreign Exchange Reserves (USD mn) 4,782.4 Oct 2023 monthly Oct 1969 - Oct 2023
Foreign Exchange Reserves: % of GDP (%) 8.199 Sep 2022 quarterly Dec 2007 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 3.4 Aug 2023 monthly Jan 2000 - Aug 2023
Gold Reserves (USD mn) 0.000 Oct 2023 monthly Sep 1969 - Oct 2023
Total Deposits (USD mn) 100,516.919 Sep 2023 monthly Dec 1998 - Sep 2023
Total Deposits Growth (%) 3.8 Sep 2023 monthly Dec 1999 - Sep 2023
Domestic Credit (USD mn) 60,572.6 Sep 2023 monthly Dec 2001 - Sep 2023
Domestic Credit Growth (%) 4.2 Sep 2023 monthly Dec 2002 - Sep 2023
Household Debt (USD mn) 31,050.8 Jul 2023 monthly Oct 2005 - Jul 2023
Total Loans (USD mn) 88,632.773 Sep 2023 monthly Dec 1998 - Sep 2023
Total Loans Growth (%) 3.72 Sep 2023 monthly Dec 1999 - Sep 2023
Private Debt: % of Nominal GDP (%) 78.23 Sep 2022 quarterly Dec 2007 - Sep 2022
Money Supply: M3 (PAB mn) 38,175.510 Aug 2023 monthly Dec 2002 - Aug 2023

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