Panama Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Panama's domestic credit was 89.84% in 2020, ranked 33rd globally. This represents a 16.6% increase from 2019. Data from World Bank, covering 2010–2020.
Overview
Panama's domestic credit stood at 89.84% in 2020, a rise of +12.81% from 2019. Panama ranked 33rd globally.
Panama's domestic credit has shown a steady increase over the past decade, with a notable surge in recent years. The country's domestic credit to GDP ratio reached an all-time high of 89.84 in 2020, a significant improvement from its trough of 62.10 in 2013. This growth has positioned Panama among the top third of countries globally in terms of domestic credit, surpassing its peers such as the Russian Federation at 86.16. The robust growth in domestic credit reflects Panama's economic resilience, particularly in the face of regional challenges. Notably, Panama's domestic credit has outpaced its peer Costa Rica, which boasts a slightly higher ratio of 90.09. This growth trajectory is likely to continue, driven by the country's strong financial institutions and favorable business environment. However, any significant changes in global interest rates or regional economic trends could alter this trajectory and impact Panama's domestic credit growth.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2020 | 89.84% | +12.81% | #33 |
| 2019 | 77.03% | −3.18% | #35 |
| 2018 | 80.21% | −0.19% | #35 |
| 2017 | 80.40% | +1.79% | #39 |
| 2016 | 78.61% | +0.18% | #36 |
| 2015 | 78.43% | +2.69% | #37 |
| 2014 | 75.73% | +13.64% | #32 |
| 2013 | 62.10% | −16.05% | #25 |
| 2012 | 78.15% | −0.65% | #33 |
| 2011 | 78.80% | +0.52% | #31 |
| 2010 | 78.28% | – | #31 |
Detected Pattern
Analysis
Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Panama's domestic credit was 89.84% in 2020. Ranked 33rd globally. This represents a 16.6% increase from the previous year.
Panama's domestic credit peaked at 89.84% in 2020.
The lowest domestic credit in Panama was 62.10% in 2013.
Panama ranks 33rd globally in domestic credit as of 2020.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
The domestic credit of Panama in 2020 was 89.84%. This ranks 33rd in the world.
Cite this page
@misc{historysaid_panama_domestic-credit,
title = {Panama Domestic Credit},
url = {https://historysaid.com/panama/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}