Final consumption expenditure (constant LCU), annual growth rate in Panama
Panama: Final consumption expenditure (constant LCU), annual growth rate was 5.96 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant LCU), annual growth rate in Panama, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (constant lcu), annual growth rate in Panama stood at 5.96 % change on previous year.
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 lcu), 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 31st of 176 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 LCU), 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 | 1.96 % 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 | +270.1% |
| 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 | -170.0% |
| 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% |
Panama compared with similar countries
- Panama's 5.96 % change on previous year is above the median for high income countries, which is 2.02 % change on previous year, 3.0× the median. (61 countries reporting)
- Panama's 5.96 % change on previous year is above the median for Latin America & Caribbean, which is 2.76 % change on previous year, 2.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.11 % change on previous year | 1.96 % 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
- 28 Bangladesh 6.19 % change on previous year compare
- 29 Cameroon 6.02 % change on previous year compare
- 30 Cote d'Ivoire 6 % change on previous year compare
- 32 Niger 5.94 % change on previous year compare
- 33 Maldives 5.8 % change on previous year compare
- 34 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure (constant lcu), annual growth rate in Panama?
- Final consumption expenditure (constant lcu), 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 lcu), 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 lcu), 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 lcu), annual growth rate?
- Panama ranks 31st out of 176 countries with data for 2024.
- Is final consumption expenditure (constant lcu), 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.