Final consumption expenditure in Panama
Panama: Final consumption expenditure was 50.60 billion constant LCU in 2024. ▲ Rising
Final consumption expenditure in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Panama recorded 50.60 billion constant LCU for final consumption expenditure in 2024. 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 50.60 billion constant LCU in 2024 and was at its lowest, 12.24 billion constant LCU, in 1996.
That places Panama 136th out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Final consumption expenditure in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | 12.24 billion constant LCU | — |
| 1997 | 13.19 billion constant LCU | +7.8% |
| 1998 | 15.51 billion constant LCU | +17.6% |
| 1999 | 15.82 billion constant LCU | +2.0% |
| 2000 | 16.17 billion constant LCU | +2.2% |
| 2001 | 16.99 billion constant LCU | +5.1% |
| 2002 | 18.21 billion constant LCU | +7.2% |
| 2003 | 19.50 billion constant LCU | +7.0% |
| 2004 | 20.15 billion constant LCU | +3.4% |
| 2005 | 22.36 billion constant LCU | +10.9% |
| 2006 | 23.80 billion constant LCU | +6.4% |
| 2007 | 24.15 billion constant LCU | +1.5% |
| 2008 | 25.46 billion constant LCU | +5.4% |
| 2009 | 26.29 billion constant LCU | +3.3% |
| 2010 | 28.07 billion constant LCU | +6.8% |
| 2011 | 29.63 billion constant LCU | +5.5% |
| 2012 | 30.44 billion constant LCU | +2.7% |
| 2013 | 32.28 billion constant LCU | +6.1% |
| 2014 | 34.20 billion constant LCU | +5.9% |
| 2015 | 35.18 billion constant LCU | +2.9% |
| 2016 | 37.68 billion constant LCU | +7.1% |
| 2017 | 38.88 billion constant LCU | +3.2% |
| 2018 | 40.55 billion constant LCU | +4.3% |
| 2019 | 43.11 billion constant LCU | +6.3% |
| 2020 | 41.21 billion constant LCU | -4.4% |
| 2021 | 44.00 billion constant LCU | +6.8% |
| 2022 | 45.47 billion constant LCU | +3.3% |
| 2023 | 47.75 billion constant LCU | +5.0% |
| 2024 | 50.60 billion constant LCU | +6.0% |
Panama compared with similar countries
- Panama's 50.60 billion constant LCU is below the median for high income countries, which is 277.24 billion constant LCU, 18% of the median. (61 countries reporting)
- Panama's 50.60 billion constant LCU is below the median for Latin America & Caribbean, which is 386.10 billion constant LCU, 13% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.19 billion constant LCU | 12.24 billion constant LCU | 15.82 billion constant LCU | 4 |
| 2000s | 21.31 billion constant LCU | 16.17 billion constant LCU | 26.29 billion constant LCU | 10 |
| 2010s | 35.00 billion constant LCU | 28.07 billion constant LCU | 43.11 billion constant LCU | 10 |
| 2020s | 45.80 billion constant LCU | 41.21 billion constant LCU | 50.60 billion constant LCU | 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)
- 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 in Panama?
- Final consumption expenditure in Panama was 50.60 billion constant LCU 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 50.60 billion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was 12.24 billion constant LCU in 1996.
- How does Panama rank for final consumption expenditure?
- Panama ranks 136th out of 177 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.