Panama: Liquid liabilities, percent of GDP

The latest value from 2020 is 83.53 percent, an increase from 62.39 percent in 2019. In comparison, the world average is 85.21 percent, based on data from 155 countries. Historically, the average for Panama from 1960 to 2020 is 46.25 percent. The minimum value, 12.57 percent, was reached in 1961 while the maximum of 83.53 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.