Final consumption expenditure in Panama
Panama: Final consumption expenditure was 61.4% in 2024. ▼ Falling
Final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Panama recorded 61.4% for final consumption expenditure in 2024.
Compared with earlier readings it is up 3.1% on the previous year and down 0.3% over ten years.
Over the whole period, final consumption expenditure in Panama peaked at 94.8% in 1989 and was at its lowest, 59.5%, in 2015.
Panama ranks 169th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 65 years of available data.
Final consumption expenditure in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 80.0% | — |
| 1961 | 76.3% | -4.7% |
| 1962 | 74.3% | -2.6% |
| 1963 | 76.3% | +2.7% |
| 1964 | 76.9% | +0.8% |
| 1965 | 76.0% | -1.2% |
| 1966 | 72.5% | -4.5% |
| 1967 | 71.8% | -1.0% |
| 1968 | 69.1% | -3.7% |
| 1969 | 69.8% | +1.0% |
| 1970 | 69.2% | -0.8% |
| 1971 | 67.3% | -2.8% |
| 1972 | 67.0% | -0.4% |
| 1973 | 64.5% | -3.8% |
| 1974 | 69.5% | +7.7% |
| 1975 | 70.1% | +0.9% |
| 1976 | 69.1% | -1.4% |
| 1977 | 73.3% | +6.0% |
| 1978 | 71.6% | -2.3% |
| 1979 | 74.0% | +3.4% |
| 1980 | 69.5% | -6.1% |
| 1981 | 72.4% | +4.2% |
| 1982 | 67.6% | -6.6% |
| 1983 | 74.9% | +10.7% |
| 1984 | 84.6% | +12.9% |
| 1985 | 84.3% | -0.4% |
| 1986 | 81.4% | -3.4% |
| 1987 | 81.1% | -0.4% |
| 1988 | 84.5% | +4.2% |
| 1989 | 94.8% | +12.2% |
| 1990 | 83.6% | -11.8% |
| 1991 | 85.2% | +2.0% |
| 1992 | 80.5% | -5.6% |
| 1993 | 79.2% | -1.6% |
| 1994 | 76.2% | -3.8% |
| 1995 | 74.4% | -2.4% |
| 1996 | 72.0% | -3.2% |
| 1997 | 69.8% | -3.0% |
| 1998 | 74.3% | +6.4% |
| 1999 | 74.9% | +0.8% |
| 2000 | 72.9% | -2.7% |
| 2001 | 75.8% | +4.0% |
| 2002 | 79.2% | +4.4% |
| 2003 | 75.5% | -4.6% |
| 2004 | 76.5% | +1.3% |
| 2005 | 75.7% | -1.0% |
| 2006 | 74.5% | -1.6% |
| 2007 | 69.3% | -6.9% |
| 2008 | 66.6% | -3.9% |
| 2009 | 66.3% | -0.5% |
| 2010 | 68.1% | +2.7% |
| 2011 | 65.1% | -4.3% |
| 2012 | 61.6% | -5.3% |
| 2013 | 60.9% | -1.2% |
| 2014 | 61.6% | +1.2% |
| 2015 | 59.5% | -3.4% |
| 2016 | 60.7% | +1.9% |
| 2017 | 59.6% | -1.7% |
| 2018 | 60.2% | +1.0% |
| 2019 | 61.9% | +2.8% |
| 2020 | 72.2% | +16.6% |
| 2021 | 65.6% | -9.1% |
| 2022 | 61.6% | -6.2% |
| 2023 | 59.6% | -3.2% |
| 2024 | 61.4% | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 74.3% | 69.1% | 80.0% | 10 |
| 1970s | 69.6% | 64.5% | 74.0% | 10 |
| 1980s | 79.5% | 67.6% | 94.8% | 10 |
| 1990s | 77.0% | 69.8% | 85.2% | 10 |
| 2000s | 73.2% | 66.3% | 79.2% | 10 |
| 2010s | 61.9% | 59.5% | 68.1% | 10 |
| 2020s | 64.1% | 59.6% | 72.2% | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure in Panama?
- Final consumption expenditure in Panama was 61.4% 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 94.8% in 1989.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was 59.5% in 2015.
- How does Panama rank for final consumption expenditure?
- Panama ranks 169th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Panama?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.