Final consumption expenditure in Panama
Panama: Final consumption expenditure was 47.75 billion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, final consumption expenditure in Panama stood at 47.75 billion constant 2015 US$. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 6.0% on the previous year and up 48.0% over ten years.
Over the whole period, final consumption expenditure in Panama peaked at 47.75 billion constant 2015 US$ in 2024 and was at its lowest, 11.55 billion constant 2015 US$, in 1996.
Panama ranks 79th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.39 billion constant 2015 US$ | 11.55 billion constant 2015 US$ | 14.93 billion constant 2015 US$ | 4 |
| 2000s | 20.11 billion constant 2015 US$ | 15.26 billion constant 2015 US$ | 24.81 billion constant 2015 US$ | 10 |
| 2010s | 33.03 billion constant 2015 US$ | 26.50 billion constant 2015 US$ | 40.69 billion constant 2015 US$ | 10 |
| 2020s | 43.23 billion constant 2015 US$ | 38.89 billion constant 2015 US$ | 47.75 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 76 Uruguay 53.61 billion constant 2015 US$ compare
- 77 Belarus 52.86 billion constant 2015 US$ compare
- 78 Tanzania 50.18 billion constant 2015 US$ compare
- 80 Serbia 47.42 billion constant 2015 US$ compare
- 81 Tunisia 47.34 billion constant 2015 US$ compare
- 82 Yemen 46.02 billion constant 2015 US$ compare
More economy & growth data for Panama
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in Panama?
- Final consumption expenditure in Panama was 47.75 billion constant 2015 US$ 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 47.75 billion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was 11.55 billion constant 2015 US$ in 1996.
- How does Panama rank for final consumption expenditure?
- Panama ranks 79th out of 170 countries with data for 2024.
- Is final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 48.0%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.