Iceland vs Panama: General government final consumption expenditure
General government final consumption expenditure over time
- Iceland
- Panama
How they compare
Panama currently reports 10.73 billion current US$ against 10.06 billion current US$ in Iceland, a difference of 675.20 million current US$.
That makes Panama's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 55 shared years of data; in 1970 it was Panama ahead.
Iceland ranks 85th and Panama ranks 83rd of 186 countries.
Across the 6 decades both report, Iceland averaged higher in 2 and Panama in 4.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 290.64 million current US$ | 389.33 million current US$ | 98.68 million current US$ | Panama |
| 1980s | 856.48 million current US$ | 1.12 billion current US$ | 258.65 million current US$ | Panama |
| 1990s | 1.71 billion current US$ | 1.29 billion current US$ | 421.04 million current US$ | Iceland |
| 2000s | 3.50 billion current US$ | 2.32 billion current US$ | 1.18 billion current US$ | Iceland |
| 2010s | 4.75 billion current US$ | 5.58 billion current US$ | 829.05 million current US$ | Panama |
| 2020s | 7.49 billion current US$ | 9.69 billion current US$ | 2.20 billion current US$ | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Iceland or Panama?
- Panama, at 10.73 billion current US$ against 10.06 billion current US$ in Iceland as of 2024.
- What is the difference in general government final consumption expenditure between Iceland and Panama?
- 675.20 million current US$, with Panama ahead.
- How many years of comparable data are there for Iceland and Panama?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and Panama rank globally for general government final consumption expenditure?
- Iceland ranks 85th and Panama ranks 83rd of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 indicator is expressed in United States dollars.