Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Panama
PANFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,249,000,000.00
Year-over-Year Change
86.25%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Panama. It provides insights into the level of financial services usage and liquidity 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
The Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Panama tracks the total value of deposits held by the public at commercial banks operating in Panama. This metric is a key indicator of financial intermediation and the overall level of financial services utilization in the country.
Methodology
The data is collected and reported by the Central Bank of Panama.
Historical Context
This trend is closely monitored by policymakers and market analysts to assess the health and stability of Panama's banking sector and broader economic conditions.
Key Facts
- Panama's commercial bank deposits totaled $90.4 billion as of the latest data.
- Deposits have grown at an average annual rate of 5.2% over the past decade.
- Panama has one of the most developed banking sectors in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public at commercial banks operating in Panama. It provides insights into the level of financial services usage and liquidity in the Panamanian economy.
Q: Why is this trend relevant for users or analysts?
A: The level of commercial bank deposits is a key indicator of financial intermediation and the overall health of Panama's banking sector. It is closely monitored by policymakers and market analysts to assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Panama.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the level of financial services utilization and liquidity in the Panamanian economy, which informs decisions on monetary, regulatory, and economic development policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 1-2 month lag.
Related Trends
Value of Exports to Panama from Rhode Island
RIPANA052SCEN
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Panama
IDSGAMRIAOPA
People 15 Years and Over with Account at a Formal Financial Institution for Panama
DDAI05PAA156NWDB
Value of Exports to Panama from Ohio
OHPANA052SCEN
Gross Domestic Product Per Capita for Panama
PCAGDPPAA646NWDB
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Panama
DDOI10PAA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Panama (PANFCLODCXDC), retrieved from FRED.