Private Sector Credit Statistics in Panama (2026)
Panama recorded domestic credit to the private sector of 100.2% of GDP in 2020, World Bank World Development Indicators data show. Up from 83.3% of GDP in 2019 to 100.2% of GDP in 2020 (+16.8 percentage points). Panama ranks #2 of 31 economies in Latin America & Caribbean on this measure, and #22 of 160 globally.
Key Statistics
- Latest value (2020)
- 100.2% of GDP (2020)
- Private Sector Credit in Panama as of 2020, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- +16.8 pp (2020)
- Up from 83.3% of GDP in 2019 to 100.2% of GDP in 2020 (+16.8 percentage points).
- Earliest value in this dataset (2010)
- 82.1% of GDP (2010)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 82.1% of GDP in 2010 to 100.2% of GDP in 2020.
- Record high (2020)
- 100.2% of GDP (2020)
- The 2020 value is the highest in the available World Bank World Development Indicators series for Panama.
- Rank in Latin America & Caribbean
- #2 of 31 (2020)
- Panama ranks 2 of 31 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #22 of 160 (2020)
- Panama ranks 22 of 160 countries with data globally.
- Latin America & Caribbean average
- 47.7% of GDP (2020)
- Panama (100.2% of GDP) is above the average of 47.7% of GDP across the 31 countries in Latin America & Caribbean with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 68.1% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 99.2% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- 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, 2010–2020
| Year | % of GDP | Change |
|---|---|---|
| 2020 | 100.2% | +16.8 pp |
| 2019 | 83.3% | −0.6 pp |
| 2018 | 84% | −0.5 pp |
| 2017 | 84.4% | +0.2 pp |
| 2016 | 84.2% | +1.3 pp |
| 2015 | 82.9% | +2.1 pp |
| 2014 | 80.9% | +15.4 pp |
| 2013 | 65.4% | −14.2 pp |
| 2012 | 79.6% | −0.7 pp |
| 2011 | 80.3% | −1.8 pp |
| 2010 | 82.1% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Panama?
Domestic credit to the private sector in Panama stood at 100.2% of GDP in 2020, according to World Bank World Development Indicators data.
How does Panama compare with other countries in Latin America & Caribbean?
Panama ranks 2 of 31 countries in Latin America & Caribbean with data, with 100.2% of GDP versus a regional average of 47.7% of GDP (latest values per country).
Where does Panama rank globally on private sector credit?
Panama ranks 22 of 160 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
How recent is the private sector credit data for Panama?
The most recent observation is from 2020. World Bank World Development Indicators data is reported with a lag, so 2020 is the latest available year for Panama.
Where does the private sector credit data for Panama come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Panama is from 2020; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, 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 .