Oman vs Panama: Households and NPISHs Final consumption expenditure, PPP
Households and NPISHs Final consumption expenditure, PPP over time
- Oman
- Panama
How they compare
Oman currently reports 75.22 billion constant 2021 international $ against 72.14 billion constant 2021 international $ in Panama, a difference of 3.07 billion constant 2021 international $.
The two have swapped places 5 times across 27 shared years of data; in 1998 it was Panama ahead.
Oman ranks 83rd and Panama ranks 85th of 170 countries.
Across the 4 decades both report, Oman averaged higher in 1 and Panama in 3.
Head to head by decade
| Decade | Oman | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 18.62 billion constant 2021 international $ | 23.03 billion constant 2021 international $ | 4.41 billion constant 2021 international $ | Panama |
| 2000s | 25.69 billion constant 2021 international $ | 31.10 billion constant 2021 international $ | 5.41 billion constant 2021 international $ | Panama |
| 2010s | 50.73 billion constant 2021 international $ | 51.47 billion constant 2021 international $ | 739.82 million constant 2021 international $ | Panama |
| 2020s | 68.69 billion constant 2021 international $ | 64.90 billion constant 2021 international $ | 3.80 billion constant 2021 international $ | Oman |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure, ppp, Oman or Panama?
- Oman, at 75.22 billion constant 2021 international $ against 72.14 billion constant 2021 international $ in Panama as of 2024.
- What is the difference in households and npishs final consumption expenditure, ppp between Oman and Panama?
- 3.07 billion constant 2021 international $, with Oman ahead.
- How many years of comparable data are there for Oman and Panama?
- 27 years are reported by both, from 1998 to 2024.
- How do Oman and Panama rank globally for households and npishs final consumption expenditure, ppp?
- Oman ranks 83rd and Panama ranks 85th of 170 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for final consumption expenditure 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. 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.