Panama: Listed domestic companies, total

Key figures

What the numbers say

In 2025, Panama's listed domestic companies, total rose 11.1% on 2024 (from 36 to 40).

Across the 30 yearly changes before that (1995 to 2024), the average change was +13.1% and a typical year strayed about 81.6% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 418.5% in 1999 and the biggest yearly fall was 81.4% in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.95 a year. A straight line explains 76% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Panama had the 52nd highest value of the 64 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Panama in the 2025 ranking

• Kenya — 49th of 64: 59
• Qatar — 50th of 64: 54
• West Bank and Gaza — 51st of 64: 48
• Bahrain — 53rd of 64: 39
• Azerbaijan — 54th of 64: 36
• Malta — 55th of 64: 35

What this measures

Listed domestic companies, including foreign companies which are exclusively listed, are those which have shares listed on an exchange at the end of the year. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status, are excluded. A company with several classes of shares is counted once. Only companies admitted to listing on the exchange are included.

Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.

Regional and income-group figures are computed by the World Bank as a sum.

All 33 values

Listed domestic companies, total in nearby economies

• Argentina — 85 (2021)
• Barbados — 15 (2020)
• Brazil — 357 (2025)
• Cayman Islands — 4 (2020)
• Chile — 433 (2025)
• Colombia — 61 (2025)
• Costa Rica — 9 (2022)
• Jamaica — 100 (2025)
• Mexico — 131 (2023)
• Peru — 176 (2025)

More financial sector data for Panama

• Domestic credit to private sector by banks (% of GDP) — 66.84% (2025)
• Net domestic credit (current LCU) — 66.25 billion (2025)
• Net foreign assets (current LCU) — 8.29 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 73.56% (2025)
• Consumer price index (2010 = 100) — 128.14 (2025)
• Inflation, consumer prices (annual % growth) — -0.19% (2025)
• Claims on central government, etc. (% of GDP) — -1.17% (2025)
• GDP deflator (base year varies by country) — 106.74 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Panama's listed domestic companies, total?

40 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is down 29.82% from 57 in 1993 (1.1% a year on average, compounded). The highest value was 151 in 2000 and the lowest 18 in 1996.

How does Panama rank?

52nd highest of 64 economies with data for 2025.

Is the latest change in listed domestic companies, total unusual for Panama?

In 2025, Panama's listed domestic companies, total rose 11.1% on 2024 (from 36 to 40). Across the 30 yearly changes before that (1995 to 2024), the average change was +13.1% and a typical year strayed about 81.6% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator CM.MKT.LDOM.NO, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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