Final consumption expenditure (current LCU), annual growth rate in Panama
Panama: Final consumption expenditure (current LCU), annual growth rate was 6.4 % change on previous year in 2024. ◆ Volatile
Latest (2024)
6.4 % change on previous year
Change on year
up 5.2%
World rank
104th
of 187 countries
All-time high
23.15 % change on previous year
in 1974
All-time low
-9.93 % change on previous year
in 1988
Years of data
64
1961–2024
Final consumption expenditure (current LCU), annual growth rate in Panama, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for final consumption expenditure (current lcu), annual growth rate in Panama is 6.4 % change on previous year, measured in 2024.
The figure is up 5.2% on the previous year and down 41.1% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Panama peaked at 23.15 % change on previous year in 1974 and was at its lowest, -9.93 % change on previous year, in 1988.
That places Panama 104th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 6.3 % change on previous year | — |
| 1962 | 6 % change on previous year | -4.7% |
| 1963 | 13.85 % change on previous year | +130.6% |
| 1964 | 8.22 % change on previous year | -40.6% |
| 1965 | 8.55 % change on previous year | +4.0% |
| 1966 | 4 % change on previous year | -53.2% |
| 1967 | 10.21 % change on previous year | +155.3% |
| 1968 | 3.55 % change on previous year | -65.2% |
| 1969 | 10.82 % change on previous year | +204.6% |
| 1970 | 9.74 % change on previous year | -10.0% |
| 1971 | 9.64 % change on previous year | -1.1% |
| 1972 | 9.39 % change on previous year | -2.5% |
| 1973 | 10.05 % change on previous year | +7.0% |
| 1974 | 23.15 % change on previous year | +130.4% |
| 1975 | 12.3 % change on previous year | -46.9% |
| 1976 | 4.8 % change on previous year | -61.0% |
| 1977 | 12.19 % change on previous year | +154.2% |
| 1978 | 15.71 % change on previous year | +28.8% |
| 1979 | 18.09 % change on previous year | +15.2% |
| 1980 | 16.94 % change on previous year | -6.4% |
| 1981 | 17.93 % change on previous year | +5.8% |
| 1982 | 3.16 % change on previous year | -82.4% |
| 1983 | 13.67 % change on previous year | +333.1% |
| 1984 | 17.9 % change on previous year | +30.9% |
| 1985 | 5.41 % change on previous year | -69.8% |
| 1986 | 0.3904 % change on previous year | -92.8% |
| 1987 | 0.03 % change on previous year | -92.3% |
| 1988 | -9.93 % change on previous year | -33193.7% |
| 1989 | 12.52 % change on previous year | -226.1% |
| 1990 | -4.12 % change on previous year | -132.9% |
| 1991 | 12.13 % change on previous year | -394.3% |
| 1992 | 7.29 % change on previous year | -39.9% |
| 1993 | 7.51 % change on previous year | +3.1% |
| 1994 | 2.59 % change on previous year | -65.5% |
| 1995 | -0.2152 % change on previous year | -108.3% |
| 1996 | -6.99 % change on previous year | +3148.0% |
| 1997 | 6.06 % change on previous year | -186.7% |
| 1998 | 16.6 % change on previous year | +174.0% |
| 1999 | 6.64 % change on previous year | -60.0% |
| 2000 | -0.1711 % change on previous year | -102.6% |
| 2001 | 6.52 % change on previous year | -3908.0% |
| 2002 | 9.1 % change on previous year | +39.6% |
| 2003 | 1.37 % change on previous year | -84.9% |
| 2004 | 12.45 % change on previous year | +807.2% |
| 2005 | 8.94 % change on previous year | -28.2% |
| 2006 | 10.43 % change on previous year | +16.6% |
| 2007 | 8.33 % change on previous year | -20.1% |
| 2008 | 13.79 % change on previous year | +65.6% |
| 2009 | 7.5 % change on previous year | -45.6% |
| 2010 | 11.73 % change on previous year | +56.4% |
| 2011 | 12.92 % change on previous year | +10.1% |
| 2012 | 10.32 % change on previous year | -20.1% |
| 2013 | 11.52 % change on previous year | +11.7% |
| 2014 | 10.87 % change on previous year | -5.7% |
| 2015 | 4.78 % change on previous year | -56.0% |
| 2016 | 9.16 % change on previous year | +91.6% |
| 2017 | 5.81 % change on previous year | -36.6% |
| 2018 | 5.73 % change on previous year | -1.4% |
| 2019 | 6.58 % change on previous year | +14.8% |
| 2020 | -4.66 % change on previous year | -170.9% |
| 2021 | 7.34 % change on previous year | -257.5% |
| 2022 | 6.47 % change on previous year | -11.9% |
| 2023 | 6.08 % change on previous year | -5.9% |
| 2024 | 6.4 % change on previous year | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.95 % change on previous year | 3.55 % change on previous year | 13.85 % change on previous year | 9 |
| 1970s | 12.5 % change on previous year | 4.8 % change on previous year | 23.15 % change on previous year | 10 |
| 1980s | 7.8 % change on previous year | -9.93 % change on previous year | 17.93 % change on previous year | 10 |
| 1990s | 4.75 % change on previous year | -6.99 % change on previous year | 16.6 % change on previous year | 10 |
| 2000s | 7.83 % change on previous year | -0.1711 % change on previous year | 13.79 % change on previous year | 10 |
| 2010s | 8.94 % change on previous year | 4.78 % change on previous year | 12.92 % change on previous year | 10 |
| 2020s | 4.33 % change on previous year | -4.66 % change on previous year | 7.34 % change on previous year | 5 |
Countries ranked near Panama
- 101 Bosnia and Herzegovina 6.62 % change on previous year compare
- 102 Vanuatu 6.59 % change on previous year compare
- 103 Malaysia 6.53 % change on previous year compare
- 105 Latvia 6.37 % change on previous year compare
- 106 Portugal 6.36 % change on previous year compare
- 107 Côte d'Ivoire 6.2 % 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 (current lcu), annual growth rate in Panama?
- Final consumption expenditure (current lcu), annual growth rate in Panama was 6.4 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Panama?
- The highest recorded value was 23.15 % change on previous year in 1974.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Panama?
- The lowest recorded value was -9.93 % change on previous year in 1988.
- How does Panama rank for final consumption expenditure (current lcu), annual growth rate?
- Panama ranks 104th out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Panama?
- Over the last ten years it is down 41.1%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.