Final consumption expenditure in Panama
Panama: Final consumption expenditure was 6.0% in 2024. ◆ Volatile
Final consumption expenditure in Panama, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, final consumption expenditure in Panama stood at 6.0%.
The figure is up 18.7% on the previous year and up 0.6% over ten years.
Over the whole period, final consumption expenditure in Panama peaked at 17.6% in 1998 and was at its lowest, -4.4%, in 2020.
That places Panama 31st out of 175 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1997 | 7.8% | — |
| 1998 | 17.6% | +126.4% |
| 1999 | 2.0% | -88.8% |
| 2000 | 2.2% | +12.3% |
| 2001 | 5.1% | +129.5% |
| 2002 | 7.2% | +42.9% |
| 2003 | 7.1% | -2.5% |
| 2004 | 3.4% | -52.4% |
| 2005 | 10.9% | +225.9% |
| 2006 | 6.4% | -41.1% |
| 2007 | 1.5% | -77.2% |
| 2008 | 5.4% | +270.0% |
| 2009 | 3.3% | -40.0% |
| 2010 | 6.8% | +107.8% |
| 2011 | 5.5% | -18.4% |
| 2012 | 2.7% | -50.6% |
| 2013 | 6.1% | +121.6% |
| 2014 | 5.9% | -2.1% |
| 2015 | 2.9% | -51.3% |
| 2016 | 7.1% | +146.2% |
| 2017 | 3.2% | -55.1% |
| 2018 | 4.3% | +34.4% |
| 2019 | 6.3% | +47.5% |
| 2020 | -4.4% | -169.9% |
| 2021 | 6.8% | -253.4% |
| 2022 | 3.3% | -51.0% |
| 2023 | 5.0% | +51.0% |
| 2024 | 6.0% | +18.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.1% | 2.0% | 17.6% | 3 |
| 2000s | 5.2% | 1.5% | 10.9% | 10 |
| 2010s | 5.1% | 2.7% | 7.1% | 10 |
| 2020s | 3.3% | -4.4% | 6.8% | 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)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 18,830 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.4 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
Frequently asked questions
- What is final consumption expenditure in Panama?
- Final consumption expenditure in Panama was 6.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Panama?
- The highest recorded value was 17.6% in 1998.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was -4.4% in 2020.
- How does Panama rank for final consumption expenditure?
- Panama ranks 31st out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.