Final consumption expenditure in Panama
Panama: Final consumption expenditure was 53.15 billion current LCU in 2024. ◆ Volatile
Latest (2024)
53.15 billion current LCU
Change on year
up 6.4%
World rank
147th
of 188 countries
All-time high
53.15 billion current LCU
in 2024
All-time low
429.94 million current LCU
in 1960
Years of data
65
1960–2024
Final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for final consumption expenditure in Panama is 53.15 billion current LCU, measured in 2024. That is the highest value across all 65 years on record.
The figure is up 6.4% on the previous year and up 67.7% over ten years.
Over the whole period, final consumption expenditure in Panama peaked at 53.15 billion current LCU in 2024 and was at its lowest, 429.94 million current LCU, in 1960.
Panama ranks 147th of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 429.94 million current LCU | — |
| 1961 | 457.03 million current LCU | +6.3% |
| 1962 | 484.47 million current LCU | +6.0% |
| 1963 | 551.55 million current LCU | +13.8% |
| 1964 | 596.89 million current LCU | +8.2% |
| 1965 | 647.93 million current LCU | +8.6% |
| 1966 | 673.86 million current LCU | +4.0% |
| 1967 | 742.69 million current LCU | +10.2% |
| 1968 | 769.08 million current LCU | +3.6% |
| 1969 | 852.32 million current LCU | +10.8% |
| 1970 | 935.34 million current LCU | +9.7% |
| 1971 | 1.03 billion current LCU | +9.6% |
| 1972 | 1.12 billion current LCU | +9.4% |
| 1973 | 1.23 billion current LCU | +10.0% |
| 1974 | 1.52 billion current LCU | +23.2% |
| 1975 | 1.71 billion current LCU | +12.3% |
| 1976 | 1.79 billion current LCU | +4.8% |
| 1977 | 2.01 billion current LCU | +12.2% |
| 1978 | 2.32 billion current LCU | +15.7% |
| 1979 | 2.74 billion current LCU | +18.1% |
| 1980 | 3.21 billion current LCU | +16.9% |
| 1981 | 3.78 billion current LCU | +17.9% |
| 1982 | 3.90 billion current LCU | +3.2% |
| 1983 | 4.44 billion current LCU | +13.7% |
| 1984 | 5.23 billion current LCU | +17.9% |
| 1985 | 5.51 billion current LCU | +5.4% |
| 1986 | 5.53 billion current LCU | +0.4% |
| 1987 | 5.53 billion current LCU | +0.0% |
| 1988 | 4.99 billion current LCU | -9.9% |
| 1989 | 5.61 billion current LCU | +12.5% |
| 1990 | 5.38 billion current LCU | -4.1% |
| 1991 | 6.03 billion current LCU | +12.1% |
| 1992 | 6.47 billion current LCU | +7.3% |
| 1993 | 6.96 billion current LCU | +7.5% |
| 1994 | 7.14 billion current LCU | +2.6% |
| 1995 | 7.12 billion current LCU | -0.2% |
| 1996 | 6.62 billion current LCU | -7.0% |
| 1997 | 7.02 billion current LCU | +6.1% |
| 1998 | 8.19 billion current LCU | +16.6% |
| 1999 | 8.74 billion current LCU | +6.6% |
| 2000 | 8.72 billion current LCU | -0.2% |
| 2001 | 9.29 billion current LCU | +6.5% |
| 2002 | 10.13 billion current LCU | +9.1% |
| 2003 | 10.27 billion current LCU | +1.4% |
| 2004 | 11.55 billion current LCU | +12.5% |
| 2005 | 12.59 billion current LCU | +8.9% |
| 2006 | 13.90 billion current LCU | +10.4% |
| 2007 | 15.05 billion current LCU | +8.3% |
| 2008 | 17.13 billion current LCU | +13.8% |
| 2009 | 18.41 billion current LCU | +7.5% |
| 2010 | 20.57 billion current LCU | +11.7% |
| 2011 | 23.23 billion current LCU | +12.9% |
| 2012 | 25.63 billion current LCU | +10.3% |
| 2013 | 28.58 billion current LCU | +11.5% |
| 2014 | 31.69 billion current LCU | +10.9% |
| 2015 | 33.20 billion current LCU | +4.8% |
| 2016 | 36.25 billion current LCU | +9.2% |
| 2017 | 38.35 billion current LCU | +5.8% |
| 2018 | 40.55 billion current LCU | +5.7% |
| 2019 | 43.22 billion current LCU | +6.6% |
| 2020 | 41.20 billion current LCU | -4.7% |
| 2021 | 44.23 billion current LCU | +7.3% |
| 2022 | 47.09 billion current LCU | +6.5% |
| 2023 | 49.95 billion current LCU | +6.1% |
| 2024 | 53.15 billion current LCU | +6.4% |
Panama compared with similar countries
- Panama's 53.15 billion current LCU is below the median for high income countries, which is 326.40 billion current LCU, 16% of the median. (67 countries reporting)
- Panama's 53.15 billion current LCU is below the median for Latin America & Caribbean, which is 894.29 billion current LCU, 6% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 620.58 million current LCU | 429.94 million current LCU | 852.32 million current LCU | 10 |
| 1970s | 1.64 billion current LCU | 935.34 million current LCU | 2.74 billion current LCU | 10 |
| 1980s | 4.77 billion current LCU | 3.21 billion current LCU | 5.61 billion current LCU | 10 |
| 1990s | 6.97 billion current LCU | 5.38 billion current LCU | 8.74 billion current LCU | 10 |
| 2000s | 12.70 billion current LCU | 8.72 billion current LCU | 18.41 billion current LCU | 10 |
| 2010s | 32.13 billion current LCU | 20.57 billion current LCU | 43.22 billion current LCU | 10 |
| 2020s | 47.12 billion current LCU | 41.20 billion current LCU | 53.15 billion current 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 53.15 billion current 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 53.15 billion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was 429.94 million current LCU in 1960.
- How does Panama rank for final consumption expenditure?
- Panama ranks 147th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 67.7%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.