Final consumption expenditure in Panama
Panama: Final consumption expenditure was 53.15 billion current US$ in 2024. ◆ Volatile
Latest (2024)
53.15 billion current US$
Change on year
up 6.4%
World rank
88th
of 188 countries
All-time high
53.15 billion current US$
in 2024
All-time low
429.94 million current US$
in 1960
Years of data
65
1960–2024
Final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Panama is 53.15 billion current US$, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it 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 US$ in 2024 and was at its lowest, 429.94 million current US$, in 1960.
That places Panama 88th out of 188 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 429.94 million current US$ | — |
| 1961 | 457.03 million current US$ | +6.3% |
| 1962 | 484.47 million current US$ | +6.0% |
| 1963 | 551.55 million current US$ | +13.8% |
| 1964 | 596.89 million current US$ | +8.2% |
| 1965 | 647.93 million current US$ | +8.6% |
| 1966 | 673.86 million current US$ | +4.0% |
| 1967 | 742.69 million current US$ | +10.2% |
| 1968 | 769.08 million current US$ | +3.6% |
| 1969 | 852.32 million current US$ | +10.8% |
| 1970 | 935.34 million current US$ | +9.7% |
| 1971 | 1.03 billion current US$ | +9.6% |
| 1972 | 1.12 billion current US$ | +9.4% |
| 1973 | 1.23 billion current US$ | +10.0% |
| 1974 | 1.52 billion current US$ | +23.2% |
| 1975 | 1.71 billion current US$ | +12.3% |
| 1976 | 1.79 billion current US$ | +4.8% |
| 1977 | 2.01 billion current US$ | +12.2% |
| 1978 | 2.32 billion current US$ | +15.7% |
| 1979 | 2.74 billion current US$ | +18.1% |
| 1980 | 3.21 billion current US$ | +16.9% |
| 1981 | 3.78 billion current US$ | +17.9% |
| 1982 | 3.90 billion current US$ | +3.2% |
| 1983 | 4.44 billion current US$ | +13.7% |
| 1984 | 5.23 billion current US$ | +17.9% |
| 1985 | 5.51 billion current US$ | +5.4% |
| 1986 | 5.53 billion current US$ | +0.4% |
| 1987 | 5.53 billion current US$ | +0.0% |
| 1988 | 4.99 billion current US$ | -9.9% |
| 1989 | 5.61 billion current US$ | +12.5% |
| 1990 | 5.38 billion current US$ | -4.1% |
| 1991 | 6.03 billion current US$ | +12.1% |
| 1992 | 6.47 billion current US$ | +7.3% |
| 1993 | 6.96 billion current US$ | +7.5% |
| 1994 | 7.14 billion current US$ | +2.6% |
| 1995 | 7.12 billion current US$ | -0.2% |
| 1996 | 6.62 billion current US$ | -7.0% |
| 1997 | 7.02 billion current US$ | +6.1% |
| 1998 | 8.19 billion current US$ | +16.6% |
| 1999 | 8.74 billion current US$ | +6.6% |
| 2000 | 8.72 billion current US$ | -0.2% |
| 2001 | 9.29 billion current US$ | +6.5% |
| 2002 | 10.13 billion current US$ | +9.1% |
| 2003 | 10.27 billion current US$ | +1.4% |
| 2004 | 11.55 billion current US$ | +12.5% |
| 2005 | 12.59 billion current US$ | +8.9% |
| 2006 | 13.90 billion current US$ | +10.4% |
| 2007 | 15.05 billion current US$ | +8.3% |
| 2008 | 17.13 billion current US$ | +13.8% |
| 2009 | 18.41 billion current US$ | +7.5% |
| 2010 | 20.57 billion current US$ | +11.7% |
| 2011 | 23.23 billion current US$ | +12.9% |
| 2012 | 25.63 billion current US$ | +10.3% |
| 2013 | 28.58 billion current US$ | +11.5% |
| 2014 | 31.69 billion current US$ | +10.9% |
| 2015 | 33.20 billion current US$ | +4.8% |
| 2016 | 36.25 billion current US$ | +9.2% |
| 2017 | 38.35 billion current US$ | +5.8% |
| 2018 | 40.55 billion current US$ | +5.7% |
| 2019 | 43.22 billion current US$ | +6.6% |
| 2020 | 41.20 billion current US$ | -4.7% |
| 2021 | 44.23 billion current US$ | +7.3% |
| 2022 | 47.09 billion current US$ | +6.5% |
| 2023 | 49.95 billion current US$ | +6.1% |
| 2024 | 53.15 billion current US$ | +6.4% |
Panama compared with similar countries
- Panama's 53.15 billion current US$ is below the median for high income countries, which is 123.73 billion current US$, 43% of the median. (67 countries reporting)
- Panama's 53.15 billion current US$ is below the median for Latin America & Caribbean, which is 60.45 billion current US$, 88% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 620.58 million current US$ | 429.94 million current US$ | 852.32 million current US$ | 10 |
| 1970s | 1.64 billion current US$ | 935.34 million current US$ | 2.74 billion current US$ | 10 |
| 1980s | 4.77 billion current US$ | 3.21 billion current US$ | 5.61 billion current US$ | 10 |
| 1990s | 6.97 billion current US$ | 5.38 billion current US$ | 8.74 billion current US$ | 10 |
| 2000s | 12.70 billion current US$ | 8.72 billion current US$ | 18.41 billion current US$ | 10 |
| 2010s | 32.13 billion current US$ | 20.57 billion current US$ | 43.22 billion current US$ | 10 |
| 2020s | 47.12 billion current US$ | 41.20 billion current US$ | 53.15 billion current US$ | 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Panama?
- Final consumption expenditure in Panama was 53.15 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Panama?
- The highest recorded value was 53.15 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was 429.94 million current US$ in 1960.
- How does Panama rank for final consumption expenditure?
- Panama ranks 88th 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). 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 indicator is expressed in United States dollars.