Panama M2 Growth

2003 - 2024 | Monthly | % | CEIC Data

Key information about Panama M2 Growth

  • Panama Money Supply M2 increased 9.5 % YoY in Dec 2024, compared with a growth of 8.4 % in the previous month
  • Panama Money Supply M2 growth data is updated monthly, available from Dec 2003 to Dec 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 5.6 USD bn in Jan 2025
  • The Foreign Exchange Reserves equaled 5.5 Months of Import in Dec 2024
  • Panama Domestic Credit reached 63.6 USD bn in Dec 2024, representing an increased of 4.9 % YoY
  • The country's Non Performing Loans Ratio stood at 1.5 % in Dec 2024, compared with the ratio of 1.7 % in the previous month
  • Household Debt of Panama reached 32.9 USD bn in Dec 2024, accounting for 38.3 % of the country's Nominal GDP

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

Panama M2 Growth

What was Panama's M2 Growth in Dec 2024?

Panama Money Supply M2 increased 9.5 % YoY in Dec 2024, compared with a growth of 8.4 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
9.5 Dec 2024 8.4 Nov 2024 -17.8 Mar 2022 34.3 Dec 2014 % monthly Dec 2003 - Dec 2024

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 9.4 Jan 2025 monthly Dec 1994 - Jan 2025
Algeria (%) 4.0 Mar 2024 monthly Jan 2002 - Mar 2024
Argentina (%) 114.5 Dec 2024 monthly Jan 1991 - Dec 2024
Armenia (%) 16.9 Oct 2024 monthly Jan 2003 - Oct 2024
Australia (%) 5.3 Jan 2025 monthly Mar 1966 - Jan 2025
Austria (%) 2.9 Jan 2025 monthly Sep 1998 - Jan 2025
Azerbaijan (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Bahrain (%) 2.2 Nov 2024 monthly Dec 1975 - Nov 2024
Bangladesh (%) 8.0 Jan 2025 monthly Jun 1987 - Jan 2025
Belarus (%) 28.6 Dec 2024 monthly Dec 1990 - Dec 2024
Belgium (%) 5.9 Jan 2025 monthly Dec 1997 - Jan 2025
Bolivia (%) 15.3 Jun 2024 monthly Dec 1988 - Jun 2024
Bosnia and Herzegovina (%) 8.8 Jan 2025 monthly Aug 1998 - Jan 2025
Botswana (%) 7.8 Nov 2024 monthly Jan 2002 - Nov 2024
Brazil (%) 12.0 Jan 2025 monthly Jan 1971 - Jan 2025
Bulgaria (%) 8.6 Jan 2025 monthly Dec 1996 - Jan 2025
Cambodia (%) 17.9 Jan 2025 monthly Jan 1996 - Jan 2025
Canada (%) 6.1 Dec 2024 monthly Jan 1969 - Dec 2024
Chile (%) 4.7 Feb 2025 monthly Jan 1987 - Feb 2025
China (%) 7.0 Jan 2025 monthly Mar 1997 - Jan 2025
Colombia (%) 7.8 Jan 2025 monthly Dec 1980 - Jan 2025
Croatia (%) 6.5 Jan 2025 monthly Jun 1995 - Jan 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 4.7 Jan 2025 monthly Jan 2003 - Jan 2025
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 10.1 Dec 2024 monthly Dec 2007 - Dec 2024
Egypt (%) 32.1 Jan 2025 monthly Jan 1997 - Jan 2025
Estonia (%) 6.7 Jan 2025 monthly Jan 2012 - Jan 2025
European Union (%) 3.3 Jan 2025 monthly Jan 1981 - Jan 2025
Finland (%) 0.4 Jan 2025 monthly Jan 1981 - Jan 2025
France (%) 1.4 Jan 2025 monthly Dec 1978 - Jan 2025
Georgia (%) 10.0 Jan 2025 monthly Oct 1996 - Jan 2025
Germany (%) 3.7 Jan 2025 monthly Jan 1970 - Jan 2025
Ghana (%) 33.6 Dec 2024 quarterly Mar 1991 - Dec 2024
Greece (%) 2.5 Oct 2024 monthly Jan 2002 - Oct 2024
Hong Kong SAR, China (%) 9.6 Jan 2025 monthly Dec 1981 - Jan 2025
Hungary (%) 7.6 Jan 2025 monthly Jan 1999 - Jan 2025
Iceland (%) 15.1 Jan 2025 monthly Sep 1987 - Jan 2025
India (%) 7.9 Nov 2024 monthly Mar 1995 - Nov 2024
Indonesia (%) 5.9 Jan 2025 monthly Feb 1969 - Jan 2025
Iran (%) 27.8 Feb 2025 monthly Dec 2000 - Feb 2025
Ireland (%) 3.7 Jan 2025 monthly Jan 2000 - Jan 2025
Israel (%) 6.6 Dec 2024 monthly Apr 1982 - Dec 2024
Italy (%) 2.3 Jan 2025 monthly Dec 1975 - Jan 2025
Ivory Coast (%) 4.6 Jul 2024 monthly Jan 2005 - Jul 2024
Japan (%) 1.1 Feb 2025 monthly Jan 1968 - Feb 2025
Jordan (%) 6.4 Jan 2025 monthly Jan 1991 - Jan 2025
Kazakhstan (%) 19.7 Nov 2024 monthly Dec 1994 - Nov 2024
Kenya (%) 7.1 Dec 2024 monthly Dec 1996 - Dec 2024
South Korea (%) 6.7 Dec 2024 monthly Jan 1971 - Dec 2024
Kosovo (%) 11.3 2023 yearly 2002 - 2023
Kuwait (%) 4.6 Jan 2025 monthly Jan 1995 - Jan 2025
Kyrgyzstan (%) 31.0 Dec 2024 monthly Jan 1995 - Dec 2024
Laos (%) 23.3 Sep 2024 quarterly Dec 2000 - Sep 2024
Latvia (%) 4.7 Jan 2025 monthly Jan 2015 - Jan 2025
Lebanon (%) 7.4 Nov 2024 monthly Dec 1980 - Nov 2024
Lithuania (%) 11.2 Jan 2025 monthly Dec 1994 - Jan 2025
Luxembourg (%) 8.8 Jan 2025 monthly Jan 2000 - Jan 2025
Macau SAR, China (%) 6.4 Jan 2025 monthly Jun 1985 - Jan 2025
North Macedonia (%) 7.0 Jan 2025 monthly Jan 2004 - Jan 2025
Malawi (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 3.4 Jan 2025 monthly Dec 1970 - Jan 2025
Malta (%) 4.7 Jan 2025 monthly Jan 2009 - Jan 2025
Mauritius (%) 14.3 Jan 2025 monthly Jul 1977 - Jan 2025
Mexico (%) 12.1 Jan 2025 monthly Dec 1986 - Jan 2025
Moldova (%) 15.2 Jan 2025 monthly Jan 2001 - Jan 2025
Mongolia (%) 11.6 Jan 2025 monthly Dec 1997 - Jan 2025
Montenegro (%) 12.0 2023 yearly 2003 - 2023
Morocco (%) 7.9 Jan 2025 monthly Jan 1986 - Jan 2025
Mozambique (%) 16.2 Dec 2024 monthly Dec 2002 - Dec 2024
Myanmar (%) 15.9 Mar 2024 quarterly Dec 2002 - Mar 2024
Nepal (%) 10.1 Feb 2025 monthly Jan 2002 - Feb 2025
Netherlands (%) 2.6 Jan 2025 monthly Dec 1957 - Jan 2025
New Zealand (%) 4.6 Jan 2025 monthly Mar 1989 - Jan 2025
Nigeria (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025
Norway (%) 5.1 Jan 2025 monthly Dec 1993 - Jan 2025
Oman (%) 8.1 Dec 2024 monthly Jan 2000 - Dec 2024
Pakistan (%) 13.7 Jan 2025 monthly Jan 1989 - Jan 2025
Palestinian Territory (%) 10.0 Jan 2025 monthly Jul 2003 - Jan 2025
Panama (%) 9.5 Dec 2024 monthly Dec 2003 - Dec 2024
Paraguay (%) 12.5 Jan 2025 monthly Dec 1989 - Jan 2025
Peru (%) 10.7 Jan 2025 monthly Jan 1993 - Jan 2025
Philippines (%) 7.2 Jan 2025 monthly Dec 1989 - Jan 2025
Poland (%) 9.5 Jan 2025 monthly Dec 1997 - Jan 2025
Portugal (%) 6.6 Jan 2025 monthly Dec 1980 - Jan 2025
Qatar (%) -0.7 Jan 2025 monthly Jan 1983 - Jan 2025
Romania (%) 10.1 Jan 2025 monthly Dec 2002 - Jan 2025
Russia (%) 19.2 Jan 2025 monthly Dec 1992 - Jan 2025
Saudi Arabia (%) 11.3 Jan 2025 monthly Jan 1994 - Jan 2025
Serbia (%) 16.9 Jan 2025 monthly Aug 2002 - Jan 2025
Singapore (%) 6.7 Jan 2025 monthly Mar 2005 - Jan 2025
Slovakia (%) 5.1 Jan 2025 monthly Dec 2001 - Jan 2025
Slovenia (%) 1.7 Jan 2025 monthly Jan 2008 - Jan 2025
South Africa (%) 6.7 Jan 2025 monthly Mar 1966 - Jan 2025
Spain (%) 5.2 Jan 2025 monthly Jan 1963 - Jan 2025
Sri Lanka (%) 11.1 Jan 2025 monthly Jan 1995 - Jan 2025
Sudan (%) 43.9 Feb 2023 monthly Dec 2004 - Feb 2023
Sweden (%) 2.3 Jan 2025 monthly Jan 1999 - Jan 2025
Switzerland (%) -10.4 Jun 2023 monthly Dec 1985 - Jun 2023

Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.4 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 693.973 Dec 2024 monthly Jan 1995 - Dec 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,655.2 Jan 2025 monthly Jul 2004 - Jan 2025
Government Debt: % of GDP (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue (PAB th) 2,942,813.523 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: Tax: Direct: Total (PAB th) 487,361.403 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) -1,059.7 Dec 2024 monthly Jan 1964 - Dec 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 20.8 Dec 2024 monthly Jan 2001 - Dec 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 329,464.345 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 10,079.101 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,144.1 Dec 2024 monthly Jan 2000 - Dec 2024
Total Imports Growth (%) -1.9 Dec 2024 monthly Jan 2001 - Dec 2024
Imports: Medicament (USD th) 1,071,085.390 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 333,744.579 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 13.974 Nov 2024 monthly Jan 1970 - Nov 2024
Total Imports from USA (USD mn) 172.879 Nov 2024 monthly Jan 1967 - Nov 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 166.517 Nov 2024 monthly Mar 1989 - Nov 2024
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 (PAB th) 84,431.775 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: 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) 52.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Current Account Balance (USD mn) 824.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance: % of GDP (%) 3.9 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Direct Investment (USD mn) 726.8 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment: % of GDP (%) 3.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -1.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
External Debt (USD mn) 44,194.4 Jan 2025 monthly Jul 2004 - Jan 2025
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) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -78,418.321 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 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 (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 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: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 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: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 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: Services (PAB mn) 3,683.629 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 Dec 2024 monthly Dec 2008 - Dec 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,468.720 Dec 2024 monthly Dec 2008 - Dec 2024
Money Supply M1 (USD mn) 9,218.690 Dec 2024 monthly Dec 2002 - Dec 2024
Money Supply M2 (USD mn) 43,274.380 Dec 2024 monthly Dec 2002 - Dec 2024
M2 Growth (%) 9.5 Dec 2024 monthly Dec 2003 - Dec 2024
Foreign Exchange Reserves (USD mn) 5,610.8 Jan 2025 monthly Oct 1969 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.5 Dec 2024 monthly Jan 2000 - Dec 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 110,484.526 Dec 2024 monthly Dec 1998 - Dec 2024
Total Deposits Growth (%) 5.1 Dec 2024 monthly Dec 1999 - Dec 2024
Domestic Credit (USD mn) 63,585.5 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit Growth (%) 4.9 Dec 2024 monthly Dec 2002 - Dec 2024
Household Debt (USD mn) 32,866.2 Dec 2024 monthly Oct 2005 - Dec 2024
Total Loans (USD mn) 97,419.720 Dec 2024 monthly Dec 1998 - Dec 2024
Total Loans Growth (%) 8.86 Dec 2024 monthly Dec 1999 - Dec 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 43,274.380 Dec 2024 monthly Dec 2002 - Dec 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,113.420 Dec 2024 monthly Dec 2002 - Dec 2024

More Indicators for Panama

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