Domestic material consumption per unit of gdp in Panama
Panama: Domestic material consumption per unit of gdp was 1.31 in 2023. ▬ Flat
Latest (2023)
1.31
Change on year
down 5.1%
World rank
118th
of 207 countries
All-time high
1.69
in 2020
All-time low
0.63
in 2016
Years of data
24
2000–2023
Domestic material consumption per unit of gdp in Panama, 2000–2023
Source: Our World in Data.
Analysis
In 2023, domestic material consumption per unit of gdp in Panama stood at 1.31.
Compared with earlier readings it is down 5.1% on the previous year and up 67.9% over ten years.
Over the whole period, domestic material consumption per unit of gdp in Panama peaked at 1.69 in 2020 and was at its lowest, 0.63, in 2016.
Panama ranks 118th of 207 countries on this measure, in the middle of the range.
Domestic material consumption per unit of gdp in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.14 | — |
| 2001 | 1.14 | +0.0% |
| 2002 | 1.14 | +0.0% |
| 2003 | 1.33 | +16.7% |
| 2004 | 1.27 | -4.5% |
| 2005 | 1.21 | -4.7% |
| 2006 | 1.13 | -6.6% |
| 2007 | 1.03 | -8.8% |
| 2008 | 1.16 | +12.6% |
| 2009 | 1.11 | -4.3% |
| 2010 | 0.95 | -14.4% |
| 2011 | 0.76 | -20.0% |
| 2012 | 0.84 | +10.5% |
| 2013 | 0.78 | -7.1% |
| 2014 | 0.68 | -12.8% |
| 2015 | 0.64 | -5.9% |
| 2016 | 0.63 | -1.6% |
| 2017 | 0.69 | +9.5% |
| 2018 | 0.63 | -8.7% |
| 2019 | 1.19 | +88.9% |
| 2020 | 1.69 | +42.0% |
| 2021 | 1.5 | -11.2% |
| 2022 | 1.38 | -8.0% |
| 2023 | 1.31 | -5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.17 | 1.03 | 1.33 | 10 |
| 2010s | 0.779 | 0.63 | 1.19 | 10 |
| 2020s | 1.47 | 1.31 | 1.69 | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is domestic material consumption per unit of gdp in Panama?
- Domestic material consumption per unit of gdp in Panama was 1.31 in 2023, according to Our World in Data.
- What is the highest domestic material consumption per unit of gdp recorded in Panama?
- The highest recorded value was 1.69 in 2020.
- What is the lowest domestic material consumption per unit of gdp recorded in Panama?
- The lowest recorded value was 0.63 in 2016.
- How does Panama rank for domestic material consumption per unit of gdp?
- Panama ranks 118th out of 207 countries with data for 2023.
- Is domestic material consumption per unit of gdp rising or falling in Panama?
- Over the last ten years it is up 67.9%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Domestic material consumption per unit of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).