Annual growth of general government final consumption expenditure in Panama
Panama: Annual growth of general government final consumption expenditure was 3.36 in 2023. ◆ Volatile
Annual growth of general government final consumption expenditure in Panama, 2000–2023
Source: Our World in Data.
Analysis
Panama recorded 3.36 for annual growth of general government final consumption expenditure in 2023.
Compared with earlier readings it is up 15.9% on the previous year and up 25.4% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Panama peaked at 11.5 in 2020 and was at its lowest, 0.13, in 2012.
That places Panama 51st out of 167 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.47 | — |
| 2001 | 9.78 | +118.8% |
| 2002 | 9.67 | -1.1% |
| 2003 | 0.99 | -89.8% |
| 2004 | 2.05 | +107.1% |
| 2005 | 7.72 | +276.6% |
| 2006 | 6.05 | -21.6% |
| 2007 | 4.77 | -21.2% |
| 2008 | 8.08 | +69.4% |
| 2009 | 1.7 | -79.0% |
| 2010 | 6.68 | +292.9% |
| 2011 | 5.25 | -21.4% |
| 2012 | 0.13 | -97.5% |
| 2013 | 2.68 | +1961.5% |
| 2014 | 1.14 | -57.5% |
| 2015 | 6.84 | +500.0% |
| 2016 | 9.53 | +39.3% |
| 2017 | 6.16 | -35.4% |
| 2018 | 6.45 | +4.7% |
| 2019 | 3.76 | -41.7% |
| 2020 | 11.5 | +205.9% |
| 2021 | 7.2 | -37.4% |
| 2022 | 2.9 | -59.7% |
| 2023 | 3.36 | +15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.53 | 0.99 | 9.78 | 10 |
| 2010s | 4.86 | 0.13 | 9.53 | 10 |
| 2020s | 6.24 | 2.9 | 11.5 | 4 |
Countries ranked near Panama
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 842.84 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.09 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.249 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,928 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 2.09 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.249 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4,928 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Panama?
- Annual growth of general government final consumption expenditure in Panama was 3.36 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Panama?
- The highest recorded value was 11.5 in 2020.
- What is the lowest annual growth of general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 0.13 in 2012.
- How does Panama rank for annual growth of general government final consumption expenditure?
- Panama ranks 51st out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
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