North Macedonia vs Panama: Households and NPISHs Final consumption expenditure per capita, PPP
Households and NPISHs Final consumption expenditure per capita, PPP over time
- North Macedonia
- Panama
How they compare
Panama currently reports 15,977 constant 2021 international $ against 14,540 constant 2021 international $ in North Macedonia, a difference of 1,437 constant 2021 international $.
That makes Panama's figure about 1.1 times North Macedonia's.
Across all 29 years both countries report, Panama has been ahead every year.
North Macedonia ranks 69th and Panama ranks 66th of 170 countries.
Panama has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | North Macedonia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6,171 constant 2021 international $ | 7,184 constant 2021 international $ | 1,012 constant 2021 international $ | Panama |
| 2000s | 7,851 constant 2021 international $ | 9,414 constant 2021 international $ | 1,563 constant 2021 international $ | Panama |
| 2010s | 10,387 constant 2021 international $ | 13,046 constant 2021 international $ | 2,659 constant 2021 international $ | Panama |
| 2020s | 13,271 constant 2021 international $ | 14,726 constant 2021 international $ | 1,455 constant 2021 international $ | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure per capita, ppp, North Macedonia or Panama?
- Panama, at 15,977 constant 2021 international $ against 14,540 constant 2021 international $ in North Macedonia as of 2024.
- What is the difference in households and npishs final consumption expenditure per capita, ppp between North Macedonia and Panama?
- 1,437 constant 2021 international $, with Panama ahead.
- How many years of comparable data are there for North Macedonia and Panama?
- 29 years are reported by both, from 1996 to 2024.
- How do North Macedonia and Panama rank globally for households and npishs final consumption expenditure per capita, ppp?
- North Macedonia ranks 69th and Panama ranks 66th of 170 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This indicator provides values for final consumption expenditure per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. The core indicator has been divided by the general population to achieve a per capita estimate. 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 is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.