Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Panama
PANFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.35
Year-over-Year Change
-18.44%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic indicator tracks the use of financial services in Panama by measuring outstanding loans from commercial banks as a percentage of the country's gross domestic product (GDP).
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: Key Indicators, Outstanding Loans from Commercial Banks for Panama represents the level of credit intermediation and financial access within the Panamanian economy. It is a useful metric for evaluating financial sector development and the availability of credit to businesses and consumers.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using information from the Central Bank of Panama.
Historical Context
This indicator provides insights into the health and stability of Panama's financial system, which is of interest to policymakers, investors, and economic analysts.
Key Facts
- Panama's outstanding commercial bank loans were 66.8% of GDP in 2021.
- This indicator has shown steady growth since the early 2000s.
- Financial services are a key component of Panama's service-based economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the volume of outstanding loans from commercial banks in Panama as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial intermediation and access to credit in the Panamanian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the health and development of Panama's financial system. It helps identify the extent to which businesses and consumers have access to credit, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data using information provided by the Central Bank of Panama.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the availability of credit and the depth of Panama's financial markets, which informs decisions related to financial regulation, economic development, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically a few months after the end of the reporting period. However, there may be occasional revisions or changes in methodology over time.
Related Trends
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Panama
PANFCSODCXDC
Value of Exports to Panama from Maine
MEPANA052SCEN
Value of Exports to Panama from Texas
TXPANA052SCEN
General Government Net Lending/Borrowing for Panama
PANGGXCNLGDP
Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Panama
PANFCAODCNUM
Bank Non-Performing Loans to Gross Loans for Panama
DDSI02PAA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Panama (PANFCSODCGGDPPT), retrieved from FRED.