Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Panama
PANFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,339,000,000.00
Year-over-Year Change
96.06%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans at commercial banks in Panama, providing insights into the use of financial services and assets in the country.
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, Assets: Outstanding Loans at Commercial Banks for Panama metric measures the total value of loans held by commercial banks in Panama. This data point is a key indicator of financial activity and the availability of credit within the Panamanian economy.
Methodology
The data is collected and reported by the Central Bank of Panama.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to assess the health and growth of Panama's banking sector and overall economic conditions.
Key Facts
- Panama's commercial bank loans totaled $69.4 billion in 2021.
- Outstanding loans have grown by an average of 4.2% annually over the past decade.
- The banking sector accounts for over 120% of Panama's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans held by commercial banks in Panama, providing insights into financial services usage and asset levels.
Q: Why is this trend relevant for users or analysts?
A: The level of commercial bank loans is a key barometer of economic activity, credit availability, and the health of Panama's financial sector.
Q: How is this data collected or calculated?
A: The data is reported by the Central Bank of Panama.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess financial conditions, guide monetary policy, and make informed decisions about economic growth strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately one quarter.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Panama (PANFCSODCXDC), retrieved from FRED.