General government final consumption expenditure (constant 2015 US$) in Panama
Panama: General government final consumption expenditure (constant 2015 US$) was 9.34 billion constant 2015 US$ in 2024. ▲ Rising
General government final consumption expenditure in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, general government final consumption expenditure in Panama stood at 9.34 billion constant 2015 US$. That is the highest value across all 29 years on record.
That represents a change of up 4.0% on the previous year and up 81.4% over ten years.
Over the whole period, general government final consumption expenditure in Panama peaked at 9.34 billion constant 2015 US$ in 2024 and was at its lowest, 2.32 billion constant 2015 US$, in 1996.
Panama ranks 74th of 168 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
General government final consumption expenditure (constant 2015 US$) in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1996 | 2.32 billion constant 2015 US$ | — |
| 1997 | 2.34 billion constant 2015 US$ | +0.9% |
| 1998 | 2.50 billion constant 2015 US$ | +6.8% |
| 1999 | 2.59 billion constant 2015 US$ | +3.5% |
| 2000 | 2.70 billion constant 2015 US$ | +4.5% |
| 2001 | 2.96 billion constant 2015 US$ | +9.8% |
| 2002 | 3.25 billion constant 2015 US$ | +9.7% |
| 2003 | 3.28 billion constant 2015 US$ | +1.0% |
| 2004 | 3.35 billion constant 2015 US$ | +2.1% |
| 2005 | 3.61 billion constant 2015 US$ | +7.7% |
| 2006 | 3.83 billion constant 2015 US$ | +6.0% |
| 2007 | 4.01 billion constant 2015 US$ | +4.8% |
| 2008 | 4.33 billion constant 2015 US$ | +8.1% |
| 2009 | 4.41 billion constant 2015 US$ | +1.7% |
| 2010 | 4.70 billion constant 2015 US$ | +6.7% |
| 2011 | 4.95 billion constant 2015 US$ | +5.2% |
| 2012 | 4.96 billion constant 2015 US$ | +0.1% |
| 2013 | 5.09 billion constant 2015 US$ | +2.7% |
| 2014 | 5.15 billion constant 2015 US$ | +1.1% |
| 2015 | 5.50 billion constant 2015 US$ | +6.8% |
| 2016 | 6.02 billion constant 2015 US$ | +9.5% |
| 2017 | 6.39 billion constant 2015 US$ | +6.2% |
| 2018 | 6.81 billion constant 2015 US$ | +6.5% |
| 2019 | 7.06 billion constant 2015 US$ | +3.8% |
| 2020 | 7.87 billion constant 2015 US$ | +11.5% |
| 2021 | 8.44 billion constant 2015 US$ | +7.2% |
| 2022 | 8.69 billion constant 2015 US$ | +2.9% |
| 2023 | 8.98 billion constant 2015 US$ | +3.3% |
| 2024 | 9.34 billion constant 2015 US$ | +4.0% |
Panama compared with similar countries
- Panama's 9.34 billion constant 2015 US$ is below the median for high income countries, which is 41.36 billion constant 2015 US$, 23% of the median. (60 countries reporting)
- Panama's 9.34 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 9.59 billion constant 2015 US$, 97% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.43 billion constant 2015 US$ | 2.32 billion constant 2015 US$ | 2.59 billion constant 2015 US$ | 4 |
| 2000s | 3.57 billion constant 2015 US$ | 2.70 billion constant 2015 US$ | 4.41 billion constant 2015 US$ | 10 |
| 2010s | 5.66 billion constant 2015 US$ | 4.70 billion constant 2015 US$ | 7.06 billion constant 2015 US$ | 10 |
| 2020s | 8.66 billion constant 2015 US$ | 7.87 billion constant 2015 US$ | 9.34 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 71 Dominican Republic 10.52 billion constant 2015 US$ compare
- 72 Guatemala 9.60 billion constant 2015 US$ compare
- 73 Puerto Rico 9.59 billion constant 2015 US$ compare
- 75 Serbia 9.30 billion constant 2015 US$ compare
- 76 Sri Lanka 9.26 billion constant 2015 US$ compare
- 77 Zimbabwe 9.17 billion constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units 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 9.34 billion constant 2015 US$ 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 9.34 billion constant 2015 US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 2.32 billion constant 2015 US$ in 1996.
- How does Panama rank for general government final consumption expenditure?
- Panama ranks 74th out of 168 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 81.4%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.