Final consumption expenditure (constant 2015 US$), annual growth rate in Panama
Panama: Final consumption expenditure (constant 2015 US$), annual growth rate was 5.96 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant 2015 US$), annual growth rate in Panama, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Panama recorded 5.96 % change on previous year for final consumption expenditure (constant 2015 us$), annual growth rate in 2024.
Compared with earlier readings it is up 18.7% on the previous year and up 0.6% over ten years.
Over the whole period, final consumption expenditure (constant 2015 us$), annual growth rate in Panama peaked at 17.59 % change on previous year in 1998 and was at its lowest, -4.42 % change on previous year, in 2020.
Panama ranks 29th of 172 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (constant 2015 US$), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 7.77 % change on previous year | — |
| 1998 | 17.59 % change on previous year | +126.4% |
| 1999 | 1.97 % change on previous year | -88.8% |
| 2000 | 2.21 % change on previous year | +12.3% |
| 2001 | 5.06 % change on previous year | +129.5% |
| 2002 | 7.23 % change on previous year | +42.9% |
| 2003 | 7.05 % change on previous year | -2.5% |
| 2004 | 3.36 % change on previous year | -52.4% |
| 2005 | 10.94 % change on previous year | +225.9% |
| 2006 | 6.45 % change on previous year | -41.1% |
| 2007 | 1.47 % change on previous year | -77.2% |
| 2008 | 5.44 % change on previous year | +270.0% |
| 2009 | 3.26 % change on previous year | -40.0% |
| 2010 | 6.78 % change on previous year | +107.8% |
| 2011 | 5.53 % change on previous year | -18.4% |
| 2012 | 2.73 % change on previous year | -50.6% |
| 2013 | 6.06 % change on previous year | +121.6% |
| 2014 | 5.93 % change on previous year | -2.1% |
| 2015 | 2.89 % change on previous year | -51.3% |
| 2016 | 7.11 % change on previous year | +146.2% |
| 2017 | 3.19 % change on previous year | -55.1% |
| 2018 | 4.29 % change on previous year | +34.4% |
| 2019 | 6.32 % change on previous year | +47.5% |
| 2020 | -4.42 % change on previous year | -169.9% |
| 2021 | 6.78 % change on previous year | -253.4% |
| 2022 | 3.33 % change on previous year | -51.0% |
| 2023 | 5.02 % change on previous year | +51.0% |
| 2024 | 5.96 % change on previous year | +18.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.11 % change on previous year | 1.97 % change on previous year | 17.59 % change on previous year | 3 |
| 2000s | 5.25 % change on previous year | 1.47 % change on previous year | 10.94 % change on previous year | 10 |
| 2010s | 5.08 % change on previous year | 2.73 % change on previous year | 7.11 % change on previous year | 10 |
| 2020s | 3.33 % change on previous year | -4.42 % change on previous year | 6.78 % change on previous year | 5 |
Countries ranked near Panama
- 26 Bangladesh 6.19 % change on previous year compare
- 27 Cameroon 6.02 % change on previous year compare
- 28 Côte d'Ivoire 6 % change on previous year compare
- 30 Niger 5.94 % change on previous year compare
- 31 Maldives 5.8 % change on previous year compare
- 32 Mongolia 5.71 % change on previous year compare
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)
- Households and NPISHs Final consumption expenditure (current LCU) 6.92 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.4902 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 9,393 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 6.48 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4433 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 8,494 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 6.4 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.6142 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure (constant 2015 us$), annual growth rate in Panama?
- Final consumption expenditure (constant 2015 us$), annual growth rate in Panama was 5.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant 2015 us$), annual growth rate recorded in Panama?
- The highest recorded value was 17.59 % change on previous year in 1998.
- What is the lowest final consumption expenditure (constant 2015 us$), annual growth rate recorded in Panama?
- The lowest recorded value was -4.42 % change on previous year in 2020.
- How does Panama rank for final consumption expenditure (constant 2015 us$), annual growth rate?
- Panama ranks 29th out of 172 countries with data for 2024.
- Is final consumption expenditure (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Final consumption expenditure (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.