General government final consumption expenditure in Panama
Panama: General government final consumption expenditure was 4.0% in 2024. ◆ Volatile
General government final consumption expenditure in Panama, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, general government final consumption expenditure in Panama stood at 4.0%.
Compared with earlier readings it is up 19.3% on the previous year and up 248.2% over ten years.
Over the whole period, general government final consumption expenditure in Panama peaked at 11.5% in 2020 and was at its lowest, 0.1%, in 2012.
That places Panama 61st out of 173 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.
General government final consumption expenditure in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1997 | 0.9% | — |
| 1998 | 6.8% | +648.4% |
| 1999 | 3.5% | -48.6% |
| 2000 | 4.5% | +28.1% |
| 2001 | 9.8% | +118.8% |
| 2002 | 9.7% | -1.2% |
| 2003 | 1.0% | -89.7% |
| 2004 | 2.1% | +106.6% |
| 2005 | 7.7% | +276.2% |
| 2006 | 6.0% | -21.7% |
| 2007 | 4.8% | -21.1% |
| 2008 | 8.1% | +69.3% |
| 2009 | 1.7% | -79.0% |
| 2010 | 6.7% | +293.4% |
| 2011 | 5.2% | -21.5% |
| 2012 | 0.1% | -97.6% |
| 2013 | 2.7% | +2029.9% |
| 2014 | 1.1% | -57.3% |
| 2015 | 6.8% | +498.0% |
| 2016 | 9.5% | +39.2% |
| 2017 | 6.2% | -35.3% |
| 2018 | 6.5% | +4.7% |
| 2019 | 3.8% | -41.8% |
| 2020 | 11.5% | +206.1% |
| 2021 | 7.2% | -37.4% |
| 2022 | 2.9% | -59.2% |
| 2023 | 3.3% | +13.6% |
| 2024 | 4.0% | +19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | 0.9% | 6.8% | 3 |
| 2000s | 5.5% | 1.0% | 9.8% | 10 |
| 2010s | 4.9% | 0.1% | 9.5% | 10 |
| 2020s | 5.8% | 2.9% | 11.5% | 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)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2057 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 4,071 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2264 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 4,480 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is general government final consumption expenditure in Panama?
- General government final consumption expenditure in Panama was 4.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Panama?
- The highest recorded value was 11.5% in 2020.
- What is the lowest general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 0.1% in 2012.
- How does Panama rank for general government final consumption expenditure?
- Panama ranks 61st out of 173 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 248.2%. 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 General government final consumption expenditure (annual % growth). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.