Panama - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Panama was 95.65 as of 2020. Its highest value over the past 60 years was 95.65 in 2020, while its lowest value was 8.93 in 1961.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 8.97
1961 8.93
1962 9.23
1963 9.59
1964 10.62
1965 12.31
1966 13.60
1967 15.26
1968 16.87
1969 19.15
1970 24.38
1971 28.97
1972 35.62
1973 39.62
1974 48.10
1975 47.07
1976 45.63
1977 45.54
1978 41.95
1979 43.80
1980 42.18
1981 44.82
1982 40.90
1983 39.90
1984 38.94
1985 38.34
1986 39.07
1987 40.02
1988 36.79
1989 36.65
1990 34.71
1991 39.33
1992 43.01
1993 49.33
1994 54.66
1995 61.13
1996 64.31
1997 68.31
1998 77.84
1999 86.62
2000 90.15
2001 94.73
2002 77.31
2003 72.88
2004 71.53
2005 75.40
2006 77.11
2007 77.77
2008 76.49
2009 72.22
2010 76.08
2011 74.82
2012 74.15
2013 59.67
2014 75.60
2015 77.85
2016 79.10
2017 79.47
2018 79.14
2019 78.38
2020 95.65

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets