Panama: Financial institutions development, efficiency

The latest value from 2021 is 0.641 index points, a decline from 0.648 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Panama from 1980 to 2021 is 0.731 index points. The minimum value, 0.641 index points, was reached in 2021 while the maximum of 0.86 index points was recorded in 1981. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.