Annual growth of the general government final consumption expenditure in Panama
Panama: Annual growth of the general government final consumption expenditure was 4.0% in 2024. ◆ Volatile
Annual growth of the general government final consumption expenditure in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Panama recorded 4.0% for annual growth of the general government final consumption expenditure in 2024.
Compared with earlier readings it is up 19.3% on the previous year and up 248.2% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Panama peaked at 11.5% in 2020 and was at its lowest, 0.1%, in 2012.
That places Panama 59th out of 181 countries with data for 2024, 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 the general government final consumption expenditure in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | 9.8% | +118.8% |
| 2002 | 9.7% | -1.2% |
| 2003 | 1.0% | -89.7% |
| 2004 | 2.1% | +106.6% |
| 2005 | 7.7% | +276.2% |
| 2006 | 6.0% | -21.7% |
| 2007 | 4.8% | -21.1% |
| 2008 | 8.1% | +69.3% |
| 2009 | 1.7% | -79.0% |
| 2010 | 6.7% | +293.4% |
| 2011 | 5.2% | -21.5% |
| 2012 | 0.1% | -97.6% |
| 2013 | 2.7% | +2029.9% |
| 2014 | 1.1% | -57.3% |
| 2015 | 6.8% | +498.0% |
| 2016 | 9.5% | +39.2% |
| 2017 | 6.2% | -35.3% |
| 2018 | 6.5% | +4.7% |
| 2019 | 3.8% | -41.8% |
| 2020 | 11.5% | +206.1% |
| 2021 | 7.2% | -37.4% |
| 2022 | 2.9% | -59.2% |
| 2023 | 3.3% | +13.6% |
| 2024 | 4.0% | +19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 1.0% | 9.8% | 10 |
| 2010s | 4.9% | 0.1% | 9.5% | 10 |
| 2020s | 5.8% | 2.9% | 11.5% | 5 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 10,575 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.9496 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 18,195 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.9683 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.9496 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 18,195 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.9641 % change on previous year (2024)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Panama?
- Annual growth of the general government final consumption expenditure in Panama was 4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Panama?
- The highest recorded value was 11.5% in 2020.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 0.1% in 2012.
- How does Panama rank for annual growth of the general government final consumption expenditure?
- Panama ranks 59th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 248.2%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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