General government final consumption expenditure (constant LCU), per in Panama
Panama: General government final consumption expenditure (constant LCU), per was 2,245 constant LCU per person in 2024. ▲ Rising
General government final consumption expenditure (constant LCU), per in Panama, 1996–2024
Source: Statizoid (derived). Measured in constant LCU per person.
Analysis
In 2024, general government final consumption expenditure (constant lcu), per in Panama stood at 2,245 constant LCU per person. That is the highest value across all 29 years on record.
That represents a change of up 2.7% on the previous year and up 56.4% over ten years.
Over the whole period, general government final consumption expenditure (constant lcu), per in Panama peaked at 2,245 constant LCU per person in 2024 and was at its lowest, 895.34 constant LCU per person, in 1997.
Panama ranks 148th of 176 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
General government final consumption expenditure (constant LCU), per in Panama, year by year
| Year | constant LCU per person | Change |
|---|---|---|
| 1996 | 905.31 constant LCU per person | — |
| 1997 | 895.34 constant LCU per person | -1.1% |
| 1998 | 937.3 constant LCU per person | +4.7% |
| 1999 | 950.99 constant LCU per person | +1.5% |
| 2000 | 974.2 constant LCU per person | +2.4% |
| 2001 | 1,049 constant LCU per person | +7.7% |
| 2002 | 1,128 constant LCU per person | +7.6% |
| 2003 | 1,118 constant LCU per person | -0.9% |
| 2004 | 1,119 constant LCU per person | +0.1% |
| 2005 | 1,183 constant LCU per person | +5.7% |
| 2006 | 1,232 constant LCU per person | +4.1% |
| 2007 | 1,267 constant LCU per person | +2.9% |
| 2008 | 1,345 constant LCU per person | +6.1% |
| 2009 | 1,343 constant LCU per person | -0.1% |
| 2010 | 1,407 constant LCU per person | +4.8% |
| 2011 | 1,455 constant LCU per person | +3.4% |
| 2012 | 1,432 constant LCU per person | -1.6% |
| 2013 | 1,444 constant LCU per person | +0.9% |
| 2014 | 1,436 constant LCU per person | -0.6% |
| 2015 | 1,508 constant LCU per person | +5.0% |
| 2016 | 1,623 constant LCU per person | +7.6% |
| 2017 | 1,694 constant LCU per person | +4.4% |
| 2018 | 1,773 constant LCU per person | +4.7% |
| 2019 | 1,811 constant LCU per person | +2.1% |
| 2020 | 1,992 constant LCU per person | +10.0% |
| 2021 | 2,109 constant LCU per person | +5.9% |
| 2022 | 2,144 constant LCU per person | +1.6% |
| 2023 | 2,187 constant LCU per person | +2.0% |
| 2024 | 2,245 constant LCU per person | +2.7% |
Panama compared with similar countries
- Panama's 2,245 constant LCU per person is below the median for high income countries, which is 10,634 constant LCU per person, 21% of the median. (61 countries reporting)
- Panama's 2,245 constant LCU per person is below the median for Latin America & Caribbean, which is 4,128 constant LCU per person, 54% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 922.23 constant LCU per person | 895.34 constant LCU per person | 950.99 constant LCU per person | 4 |
| 2000s | 1,176 constant LCU per person | 974.2 constant LCU per person | 1,345 constant LCU per person | 10 |
| 2010s | 1,558 constant LCU per person | 1,407 constant LCU per person | 1,811 constant LCU per person | 10 |
| 2020s | 2,136 constant LCU per person | 1,992 constant LCU per person | 2,245 constant LCU per person | 5 |
Countries ranked near Panama
- 145 Bosnia and Herzegovina 2,645 constant LCU per person compare
- 146 Peru 2,471 constant LCU per person compare
- 147 Bulgaria 2,261 constant LCU per person compare
- 149 Argentina 2,100 constant LCU per person compare
- 150 Kuwait 1,984 constant LCU per person compare
- 151 Belize 1,960 constant LCU per person 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), per in Panama?
- General government final consumption expenditure (constant lcu), per in Panama was 2,245 constant LCU per person in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (constant lcu), per recorded in Panama?
- The highest recorded value was 2,245 constant LCU per person in 2024.
- What is the lowest general government final consumption expenditure (constant lcu), per recorded in Panama?
- The lowest recorded value was 895.34 constant LCU per person in 1997.
- How does Panama rank for general government final consumption expenditure (constant lcu), per?
- Panama ranks 148th out of 176 countries with data for 2024.
- Is general government final consumption expenditure (constant lcu), per rising or falling in Panama?
- Over the last ten years it is up 56.4%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of General government final consumption expenditure (constant LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
General government final consumption expenditure (constant LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government final consumption expenditure (constant LCU) ÷ Population, total
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
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
General government final consumption expenditure (constant LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.