General government final consumption expenditure (constant LCU) in Panama
Panama: General government final consumption expenditure (constant LCU) was 3.98 % change on previous year in 2024. ◆ Volatile
General government final consumption expenditure (constant LCU) in Panama, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, general government final consumption expenditure (constant lcu) in Panama stood at 3.98 % change on previous year.
That represents a change of up 19.3% on the previous year and up 248.2% over ten years.
Over the whole period, general government final consumption expenditure (constant lcu) in Panama peaked at 11.5 % change on previous year in 2020 and was at its lowest, 0.1258 % change on previous year, in 2012.
Panama ranks 62nd of 174 countries on this measure, 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 (constant LCU) in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 0.9082 % change on previous year | — |
| 1998 | 6.8 % change on previous year | +648.4% |
| 1999 | 3.49 % change on previous year | -48.6% |
| 2000 | 4.47 % change on previous year | +28.1% |
| 2001 | 9.78 % change on previous year | +118.8% |
| 2002 | 9.67 % change on previous year | -1.2% |
| 2003 | 0.9932 % change on previous year | -89.7% |
| 2004 | 2.05 % change on previous year | +106.6% |
| 2005 | 7.72 % change on previous year | +276.3% |
| 2006 | 6.04 % change on previous year | -21.7% |
| 2007 | 4.77 % change on previous year | -21.1% |
| 2008 | 8.08 % change on previous year | +69.3% |
| 2009 | 1.7 % change on previous year | -79.0% |
| 2010 | 6.68 % change on previous year | +293.4% |
| 2011 | 5.25 % change on previous year | -21.5% |
| 2012 | 0.1258 % change on previous year | -97.6% |
| 2013 | 2.68 % change on previous year | +2029.3% |
| 2014 | 1.14 % change on previous year | -57.3% |
| 2015 | 6.84 % change on previous year | +498.0% |
| 2016 | 9.53 % change on previous year | +39.2% |
| 2017 | 6.16 % change on previous year | -35.3% |
| 2018 | 6.45 % change on previous year | +4.7% |
| 2019 | 3.76 % change on previous year | -41.8% |
| 2020 | 11.5 % change on previous year | +206.1% |
| 2021 | 7.2 % change on previous year | -37.4% |
| 2022 | 2.94 % change on previous year | -59.2% |
| 2023 | 3.34 % change on previous year | +13.6% |
| 2024 | 3.98 % change on previous year | +19.3% |
Panama compared with similar countries
- Panama's 3.98 % change on previous year is above the median for high income countries, which is 1.71 % change on previous year, 2.3× the median. (61 countries reporting)
- Panama's 3.98 % change on previous year is above the median for Latin America & Caribbean, which is 1.42 % change on previous year, 2.8× the median. (24 countries reporting)
Biggest year-on-year movements
Years where General government final consumption expenditure (constant LCU) in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +2029.3% | 0.1258 % change on previous year | 2.68 % change on previous year |
| 1998 | +648.4% | 0.9082 % change on previous year | 6.8 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.73 % change on previous year | 0.9082 % change on previous year | 6.8 % change on previous year | 3 |
| 2000s | 5.53 % change on previous year | 0.9932 % change on previous year | 9.78 % change on previous year | 10 |
| 2010s | 4.86 % change on previous year | 0.1258 % change on previous year | 9.53 % change on previous year | 10 |
| 2020s | 5.79 % change on previous year | 2.94 % change on previous year | 11.5 % change on previous year | 5 |
Countries ranked near Panama
- 59 Tunisia 4.31 % change on previous year compare
- 60 Croatia 4.13 % change on previous year compare
- 61 Senegal 4.02 % change on previous year compare
- 63 Ireland 3.94 % change on previous year compare
- 64 Luxembourg 3.75 % change on previous year compare
- 65 Ghana 3.66 % change on previous year 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)
- 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 general government final consumption expenditure (constant lcu) in Panama?
- General government final consumption expenditure (constant lcu) in Panama was 3.98 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (constant lcu) recorded in Panama?
- The highest recorded value was 11.5 % change on previous year in 2020.
- What is the lowest general government final consumption expenditure (constant lcu) recorded in Panama?
- The lowest recorded value was 0.1258 % change on previous year in 2012.
- How does Panama rank for general government final consumption expenditure (constant lcu)?
- Panama ranks 62nd out of 174 countries with data for 2024.
- Is general government final consumption expenditure (constant lcu) 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 Statizoid (derived), published as part of General government final consumption expenditure (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in General government final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in General government final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.