Bank Deposits to GDP for Panama
DDOI02PAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.37
Year-over-Year Change
-25.07%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP for Panama metric measures the ratio of commercial bank deposits to the country's Gross Domestic Product, providing insights into the financial intermediation and savings levels in the Panamanian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the size of the banking system relative to the overall economy. It is used by economists and policymakers to assess the level of financial development, access to banking services, and the public's propensity to save.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Historical Context
The Bank Deposits to GDP ratio is a key measure of financial inclusion and is monitored by international institutions like the IMF to evaluate economic and financial stability.
Key Facts
- Panama's Bank Deposits to GDP ratio was 89.3% as of 2020.
- The ratio has steadily increased from 72.5% in 2010, indicating growth in the banking sector.
- Panama has one of the highest levels of financial inclusion in Latin America.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Panama metric measures the ratio of commercial bank deposits to the country's Gross Domestic Product, providing insights into the financial intermediation and savings levels in the Panamanian economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used by economists and policymakers to assess the level of financial development, access to banking services, and the public's propensity to save, which are important factors for economic stability and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: The Bank Deposits to GDP ratio is a key measure of financial inclusion and is monitored by international institutions like the IMF to evaluate economic and financial stability in Panama.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Panama (DDOI02PAA156NWDB), retrieved from FRED.