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Cost of moneyPanama

Lending rate in Panama

What do banks charge for credit there?

Panama's lending rate is 6.91 % — #21 of 67 countries on the atlas (lower is better). Period 2022.

6.91%

Checked 22 Sept 2026Period 2022

Source: IMF International Financial Statistics

Lending rate in Panama over time

11.19 %8.84 %6.50 %11.19 % · 19986.50 % · 20151996: 10.99 %1997: 10.99 %1998: 11.19 %1999: 10.39 %2000: 10.48 %2001: 10.97 %2002: 10.58 %2003: 9.93 %2004: 8.82 %2005: 8.66 %2006: 8.68 %2007: 8.79 %2008: 7.91 %2009: 7.63 %2010: 7.31 %2011: 7.52 %2012: 7.72 %2013: 7.40 %2014: 6.93 %2015: 6.50 %2016: 6.60 %2017: 6.77 %2018: 6.88 %2019: 7.09 %2020: 7.01 %2021: 6.94 %2022: 6.91 %1996200920226.91 %
27 official observations, 1996 → 2022. Every point is a published value — never interpolated.
Rank
#21 of 67
lower is better
Ranked behind
69 %
46 of 67 countries
Latest move
▼ 0.03 pp
since 2021
Below its peak
4.28 pp
peak 11.19 % in 1998
Full series
▼ 4.08 pp
since 1996

In Americas: #4 of 21vs median 8.79 %: −1.88 pp (better)

Among 67 countries

10 of 67 countries between 2.96 % and 4.75 %9 of 67 countries between 4.75 % and 6.55 %9 of 67 countries between 6.55 % and 8.34 %10 of 67 countries between 8.34 % and 10.14 %4 of 67 countries between 10.14 % and 11.93 %3 of 67 countries between 11.93 % and 13.73 %5 of 67 countries between 13.73 % and 15.52 %5 of 67 countries between 15.52 % and 17.31 %3 of 67 countries between 17.31 % and 19.11 %3 of 67 countries between 19.11 % and 20.90 %1 of 67 countries between 22.70 % and 24.49 %1 of 67 countries between 37.05 % and 38.84 %4 of 67 countries between 44.23 % and 46.02 %median 8.79 %Panama: ahead of 69 % of the 67 countries with a published lending ratePanama 6.91 %2.96 %46.02 %
Half of all 67 countries sit between 5.88 % and 15.34 %. Panama is ahead of 69 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryLending ratevs Panama
19 Montenegro6.32 %−0.59 pp
20 Costa Rica6.88 %−0.03 pp
21 Panama6.91 %—
22 Trinidad and Tobago7.50 %+0.59 pp
23 Algeria8.00 %+1.09 pp

Bank lending rate, IMF-harmonised — the price of credit, ~150 economies.

How to read this figure

The IMF-harmonised bank lending rate — what banks charge their customers for credit, averaged nationally. Harmonisation is what makes ~150 economies comparable; the trade-off is that the underlying loan mix (business vs consumer, maturities) differs by country, so treat close values as similar, not identical.

Next, about Panama

Inflation rate
Lending rate, all countries ranked →Compare Panama with another country →Everything about Panama →
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