Bank Branch Density Statistics in Panama (2026)
In 2023, commercial bank branch density in Panama stood at 18.6 per 100,000 adults, according to World Bank World Development Indicators data. Down from 19.1 per 100,000 adults in 2022 to 18.6 per 100,000 adults in 2023. Panama ranks #5 of 32 economies in Latin America & Caribbean on this measure, and #46 of 172 globally.
Key Statistics
- Latest value (2023)
- 18.6 per 100,000 adults (2023)
- Bank Branch Density in Panama as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −2.7% (2023)
- Down from 19.1 per 100,000 adults in 2022 to 18.6 per 100,000 adults in 2023.
- CAGR 2007–2023
- −0.9% per year (2023)
- Compound annual growth rate from 21.6 per 100,000 adults in 2007 to 18.6 per 100,000 adults in 2023.
- Earliest value in this dataset (2007)
- 21.6 per 100,000 adults (2007)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 21.6 per 100,000 adults in 2007 to 18.6 per 100,000 adults in 2023.
- Peak value (2014)
- 24.1 per 100,000 adults (2014)
- Highest value in the available series; the 2023 value is 18.6 per 100,000 adults.
- Rank in Latin America & Caribbean
- #5 of 32 (2023)
- Panama ranks 5 of 32 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #46 of 172 (2023)
- Panama ranks 46 of 172 countries with data globally.
- Latin America & Caribbean average
- 14.5 per 100,000 adults (2023)
- Panama (18.6 per 100,000 adults) is above the average of 14.5 per 100,000 adults across the 32 countries in Latin America & Caribbean with data.
- Projected 2026 value
- 16.8 per 100,000 adults (2026)
- Projection based on 7-year trend (CAGR -3.3%); not an official figure.
- Number of commercial bank branches per 100,000 adults (2024)
- 17.7 per 100,000 adults (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Branches excluding headquarters, commercial banks (number) (2024)
- 544 (2024)
- Related indicator from IMF Financial Access Survey.
- Internet use in Panama (2024)
- 72.8% (2024)
- 72.8% of the population in Panama used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 4.5 million (2024)
- Panama had a population of 4.5 million in 2024 (World Bank); shown for scale only.
Trend, 2007–2023
| Year | per 100,000 adults | Change |
|---|---|---|
| 2023 | 18.6 | −2.7% |
| 2022 | 19.1 | −2.8% |
| 2021 | 19.6 | −1.7% |
| 2020 | 20 | −1.7% |
| 2019 | 20.3 | −6.7% |
| 2018 | 21.8 | −2.5% |
| 2017 | 22.3 | −4.9% |
| 2016 | 23.5 | −1.0% |
| 2015 | 23.7 | −1.5% |
| 2014 | 24.1 | +1.6% |
| 2013 | 23.7 | +6.0% |
| 2012 | 22.4 | −1.7% |
| 2011 | 22.8 | −0.3% |
| 2010 | 22.8 | +1.5% |
| 2009 | 22.5 | −0.6% |
| 2008 | 22.6 | +4.8% |
| 2007 | 21.6 | — |
Frequently asked questions
What is the latest figure for commercial bank branch density in Panama?
Commercial bank branch density in Panama stood at 18.6 per 100,000 adults in 2023, according to World Bank World Development Indicators data.
Where does Panama rank globally on bank branch density?
Panama ranks 46 of 172 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could bank branch density in Panama look like in 2026?
A trend-based projection puts it at 16.8 per 100,000 adults in 2026. Projection based on 7-year trend (CAGR -3.3%); not an official figure.
When did bank branch density in Panama peak?
The highest value in the available series was 24.1 per 100,000 adults in 2014; the latest (2023) value is 18.6 per 100,000 adults.
How recent is the bank branch density data for Panama?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Panama.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.CBK.BRCH.P5, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .