Panama Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Panama's credit to gdp was 100.15% in 2020, ranked 140th globally. This represents a 20.2% increase from 2019. Data from World Bank, covering 2010–2020.
Overview
Panama's credit to gdp stood at 100.15% in 2020, a rise of +16.83% from 2019. Panama ranked 140th globally.
Panama's credit-to-GDP ratio has exhibited a notable increase since 2010, with a significant surge in 2020, reaching an all-time high of 100.15. This represents a substantial rise from the 2013 trough of 65.44, indicating a substantial expansion in domestic credit. Notably, Panama's credit-to-GDP ratio is comparable to that of Iceland, which ranked 98.41 globally in 2020. The ratio has steadily increased over the past decade, with a notable acceleration in recent years. The steady rise in credit-to-GDP ratio may be attributed to the country's economic growth and investment in infrastructure projects. As of 2020, Panama ranked 140 globally in terms of credit-to-GDP ratio, positioning it among the top countries with a relatively high ratio. However, a sharp increase in interest rates or a decline in economic growth could potentially alter the trajectory of Panama's credit-to-GDP ratio, necessitating a reevaluation of the country's financial stability.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2020 | 100.15% | +16.83% | #140 |
| 2019 | 83.33% | −0.62% | #141 |
| 2018 | 83.95% | −0.49% | #141 |
| 2017 | 84.44% | +0.25% | #141 |
| 2016 | 84.19% | +1.26% | #144 |
| 2015 | 82.93% | +2.06% | #141 |
| 2014 | 80.87% | +15.44% | #142 |
| 2013 | 65.44% | −14.15% | #127 |
| 2012 | 79.59% | −0.73% | #137 |
| 2011 | 80.32% | −1.75% | #134 |
| 2010 | 82.07% | – | #129 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's credit to gdp was 100.15% in 2020. Ranked 140th globally. This represents a 20.2% increase from the previous year.
Panama's credit to gdp peaked at 100.15% in 2020.
The lowest credit to gdp in Panama was 65.44% in 2013.
Panama ranks 140th globally in credit to gdp as of 2020.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Panama in 2020 was 100.15%. This ranks 140th in the world.
Cite this page
@misc{historysaid_panama_credit-to-gdp,
title = {Panama Credit to GDP},
url = {https://historysaid.com/panama/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}