* indicates monthly or quarterly data series

Banking system z-scores, 2021:

The average for 2021 based on 16 countries was 22.54 index points. The highest value was in Panama: 40.39 index points and the lowest value was in Haiti: 11.55 index points. The indicator is available from 2000 to 2021. Below is a chart for all countries where data are available.

Measure: index points; Source: Bankscope
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* indicates monthly or quarterly data series


Countries Banking system z-scores, 2021 Global rank Available data
Panama 40.39 1 2000 - 2021
Domin. Rep. 32.58 2 2000 - 2021
USA 31.06 3 2000 - 2021
Guatemala 30.72 4 2000 - 2021
Honduras 28.6 5 2000 - 2021
Nicaragua 25.13 6 2000 - 2021
Mexico 23.75 7 2000 - 2021
Tr.&Tobago 21.36 8 2000 - 2021
El Salvador 20.57 9 2000 - 2021
Costa Rica 19.61 10 2000 - 2021
Bermuda 18.73 11 2009 - 2021
Jamaica 15.48 12 2002 - 2021
Barbados 13.96 13 2000 - 2021
Canada 13.85 14 2000 - 2021
Bahamas 13.23 15 2000 - 2021
Haiti 11.55 16 2003 - 2021



Definition: The index captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
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