Latvia vs Panama: General government final consumption expenditure
General government final consumption expenditure over time
- Latvia
- Panama
How they compare
Panama currently reports 10.73 billion current LCU against 9.85 billion current LCU in Latvia, a difference of 876.89 million current LCU.
That makes Panama's figure about 1.1 times Latvia's.
The two have swapped places 2 times across 30 shared years of data; in 1995 it was Panama ahead.
Latvia ranks 152nd and Panama ranks 149th of 186 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and Panama in 3.
Head to head by decade
| Decade | Latvia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.10 billion current LCU | 1.37 billion current LCU | 265.21 million current LCU | Panama |
| 2000s | 2.55 billion current LCU | 2.32 billion current LCU | 228.54 million current LCU | Latvia |
| 2010s | 4.29 billion current LCU | 5.58 billion current LCU | 1.30 billion current LCU | Panama |
| 2020s | 7.56 billion current LCU | 9.69 billion current LCU | 2.13 billion current LCU | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Latvia or Panama?
- Panama, at 10.73 billion current LCU against 9.85 billion current LCU in Latvia as of 2024.
- What is the difference in general government final consumption expenditure between Latvia and Panama?
- 876.89 million current LCU, with Panama ahead.
- How many years of comparable data are there for Latvia and Panama?
- 30 years are reported by both, from 1995 to 2024.
- How do Latvia and Panama rank globally for general government final consumption expenditure?
- Latvia ranks 152nd and Panama ranks 149th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.