General government final consumption expenditure (constant LCU) in Panama
Panama: General government final consumption expenditure (constant LCU) was 10.14 billion constant LCU 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 LCU.
Analysis
Panama recorded 10.14 billion constant LCU for general government final consumption expenditure in 2024. That is the highest value across all 29 years on record.
The figure is 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 10.14 billion constant LCU in 2024 and was at its lowest, 2.52 billion constant LCU, in 1996.
That places Panama 135th out of 176 countries with data for 2024, putting it 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) in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | 2.52 billion constant LCU | — |
| 1997 | 2.54 billion constant LCU | +0.9% |
| 1998 | 2.71 billion constant LCU | +6.8% |
| 1999 | 2.81 billion constant LCU | +3.5% |
| 2000 | 2.93 billion constant LCU | +4.5% |
| 2001 | 3.22 billion constant LCU | +9.8% |
| 2002 | 3.53 billion constant LCU | +9.7% |
| 2003 | 3.57 billion constant LCU | +1.0% |
| 2004 | 3.64 billion constant LCU | +2.1% |
| 2005 | 3.92 billion constant LCU | +7.7% |
| 2006 | 4.16 billion constant LCU | +6.0% |
| 2007 | 4.36 billion constant LCU | +4.8% |
| 2008 | 4.71 billion constant LCU | +8.1% |
| 2009 | 4.79 billion constant LCU | +1.7% |
| 2010 | 5.11 billion constant LCU | +6.7% |
| 2011 | 5.37 billion constant LCU | +5.2% |
| 2012 | 5.38 billion constant LCU | +0.1% |
| 2013 | 5.53 billion constant LCU | +2.7% |
| 2014 | 5.59 billion constant LCU | +1.1% |
| 2015 | 5.97 billion constant LCU | +6.8% |
| 2016 | 6.54 billion constant LCU | +9.5% |
| 2017 | 6.94 billion constant LCU | +6.2% |
| 2018 | 7.39 billion constant LCU | +6.5% |
| 2019 | 7.67 billion constant LCU | +3.8% |
| 2020 | 8.55 billion constant LCU | +11.5% |
| 2021 | 9.17 billion constant LCU | +7.2% |
| 2022 | 9.44 billion constant LCU | +2.9% |
| 2023 | 9.75 billion constant LCU | +3.3% |
| 2024 | 10.14 billion constant LCU | +4.0% |
Panama compared with similar countries
- Panama's 10.14 billion constant LCU is below the median for high income countries, which is 74.22 billion constant LCU, 14% of the median. (61 countries reporting)
- Panama's 10.14 billion constant LCU is below the median for Latin America & Caribbean, which is 61.80 billion constant LCU, 16% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.64 billion constant LCU | 2.52 billion constant LCU | 2.81 billion constant LCU | 4 |
| 2000s | 3.88 billion constant LCU | 2.93 billion constant LCU | 4.79 billion constant LCU | 10 |
| 2010s | 6.15 billion constant LCU | 5.11 billion constant LCU | 7.67 billion constant LCU | 10 |
| 2020s | 9.41 billion constant LCU | 8.55 billion constant LCU | 10.14 billion constant LCU | 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)
- 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 10.14 billion constant LCU 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 10.14 billion constant LCU in 2024.
- What is the lowest general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 2.52 billion constant LCU in 1996.
- How does Panama rank for general government final consumption expenditure?
- Panama ranks 135th out of 176 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 LCU). 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 varies by country. This series is expressed in local currency units.