Panama vs Venezuela: General government final consumption expenditure
General government final consumption expenditure over time
- Panama
- Venezuela
How they compare
Venezuela currently reports 10.28 billion constant LCU against 10.14 billion constant LCU in Panama, a difference of 145.20 million constant LCU.
Across all 19 years both countries report, Venezuela has been ahead every year.
Panama ranks 135th and Venezuela ranks 134th of 175 countries.
Venezuela has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Panama | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.64 billion constant LCU | 4.36 billion constant LCU | 1.71 billion constant LCU | Venezuela |
| 2000s | 3.88 billion constant LCU | 6.42 billion constant LCU | 2.54 billion constant LCU | Venezuela |
| 2010s | 5.40 billion constant LCU | 9.70 billion constant LCU | 4.30 billion constant LCU | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Panama or Venezuela?
- Venezuela, at 10.28 billion constant LCU against 10.14 billion constant LCU in Panama as of 2014.
- What is the difference in general government final consumption expenditure between Panama and Venezuela?
- 145.20 million constant LCU, with Venezuela ahead.
- How many years of comparable data are there for Panama and Venezuela?
- 19 years are reported by both, from 1996 to 2014.
- How do Panama and Venezuela rank globally for general government final consumption expenditure?
- Panama ranks 135th and Venezuela ranks 134th of 175 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.