General government final consumption expenditure (current LCU) in Panama
Panama: General government final consumption expenditure (current LCU) was 10.73 billion current LCU in 2024. ◆ Volatile
General government final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, general government final consumption expenditure in Panama stood at 10.73 billion current LCU. That is the highest value across all 65 years on record.
The figure is up 4.4% on the previous year and up 117.0% over ten years.
Over the whole period, general government final consumption expenditure in Panama peaked at 10.73 billion current LCU in 2024 and was at its lowest, 56.09 million current LCU, in 1960.
That places Panama 149th out of 187 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (current LCU) in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 56.09 million current LCU | — |
| 1961 | 59.55 million current LCU | +6.2% |
| 1962 | 66.85 million current LCU | +12.2% |
| 1963 | 80.24 million current LCU | +20.0% |
| 1964 | 78.09 million current LCU | -2.7% |
| 1965 | 86.58 million current LCU | +10.9% |
| 1966 | 103.68 million current LCU | +19.8% |
| 1967 | 122.69 million current LCU | +18.3% |
| 1968 | 131.18 million current LCU | +6.9% |
| 1969 | 141.35 million current LCU | +7.7% |
| 1970 | 179.14 million current LCU | +26.7% |
| 1971 | 211.95 million current LCU | +18.3% |
| 1972 | 266.41 million current LCU | +25.7% |
| 1973 | 294.17 million current LCU | +10.4% |
| 1974 | 352.04 million current LCU | +19.7% |
| 1975 | 415.56 million current LCU | +18.0% |
| 1976 | 454.14 million current LCU | +9.3% |
| 1977 | 484.72 million current LCU | +6.7% |
| 1978 | 567.99 million current LCU | +17.2% |
| 1979 | 667.15 million current LCU | +17.5% |
| 1980 | 774.65 million current LCU | +16.1% |
| 1981 | 848.47 million current LCU | +9.5% |
| 1982 | 1.05 billion current LCU | +24.1% |
| 1983 | 1.05 billion current LCU | +0.1% |
| 1984 | 1.17 billion current LCU | +10.7% |
| 1985 | 1.22 billion current LCU | +4.6% |
| 1986 | 1.33 billion current LCU | +9.0% |
| 1987 | 1.43 billion current LCU | +7.8% |
| 1988 | 1.18 billion current LCU | -17.9% |
| 1989 | 1.09 billion current LCU | -7.4% |
| 1990 | 1.11 billion current LCU | +2.0% |
| 1991 | 1.18 billion current LCU | +6.5% |
| 1992 | 1.22 billion current LCU | +3.0% |
| 1993 | 1.27 billion current LCU | +4.0% |
| 1994 | 1.32 billion current LCU | +4.2% |
| 1995 | 1.38 billion current LCU | +4.3% |
| 1996 | 1.24 billion current LCU | -10.1% |
| 1997 | 1.26 billion current LCU | +1.9% |
| 1998 | 1.41 billion current LCU | +11.4% |
| 1999 | 1.54 billion current LCU | +9.2% |
| 2000 | 1.61 billion current LCU | +4.9% |
| 2001 | 1.77 billion current LCU | +9.6% |
| 2002 | 1.97 billion current LCU | +11.5% |
| 2003 | 1.97 billion current LCU | +0.1% |
| 2004 | 2.13 billion current LCU | +7.9% |
| 2005 | 2.33 billion current LCU | +9.3% |
| 2006 | 2.49 billion current LCU | +7.1% |
| 2007 | 2.66 billion current LCU | +6.6% |
| 2008 | 3.03 billion current LCU | +14.0% |
| 2009 | 3.24 billion current LCU | +6.7% |
| 2010 | 3.70 billion current LCU | +14.4% |
| 2011 | 4.08 billion current LCU | +10.2% |
| 2012 | 4.34 billion current LCU | +6.3% |
| 2013 | 4.82 billion current LCU | +11.2% |
| 2014 | 4.95 billion current LCU | +2.6% |
| 2015 | 5.50 billion current LCU | +11.2% |
| 2016 | 6.28 billion current LCU | +14.2% |
| 2017 | 7.01 billion current LCU | +11.6% |
| 2018 | 7.39 billion current LCU | +5.4% |
| 2019 | 7.76 billion current LCU | +5.0% |
| 2020 | 8.41 billion current LCU | +8.3% |
| 2021 | 9.26 billion current LCU | +10.1% |
| 2022 | 9.76 billion current LCU | +5.4% |
| 2023 | 10.28 billion current LCU | +5.3% |
| 2024 | 10.73 billion current LCU | +4.4% |
Panama compared with similar countries
- Panama's 10.73 billion current LCU is below the median for high income countries, which is 90.99 billion current LCU, 12% of the median. (67 countries reporting)
- Panama's 10.73 billion current LCU is below the median for Latin America & Caribbean, which is 100.52 billion current LCU, 11% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 92.63 million current LCU | 56.09 million current LCU | 141.35 million current LCU | 10 |
| 1970s | 389.33 million current LCU | 179.14 million current LCU | 667.15 million current LCU | 10 |
| 1980s | 1.12 billion current LCU | 774.65 million current LCU | 1.43 billion current LCU | 10 |
| 1990s | 1.29 billion current LCU | 1.11 billion current LCU | 1.54 billion current LCU | 10 |
| 2000s | 2.32 billion current LCU | 1.61 billion current LCU | 3.24 billion current LCU | 10 |
| 2010s | 5.58 billion current LCU | 3.70 billion current LCU | 7.76 billion current LCU | 10 |
| 2020s | 9.69 billion current LCU | 8.41 billion current LCU | 10.73 billion current LCU | 5 |
Countries ranked near Panama
- 146 Georgia 14.48 billion current LCU compare
- 147 Kuwait 12.73 billion current LCU compare
- 148 Bosnia and Herzegovina 11.49 billion current LCU compare
- 150 Sierra Leone 10.06 billion current LCU compare
- 151 Puerto Rico 9.96 billion current LCU compare
- 152 Latvia 9.85 billion current LCU 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 10.73 billion current 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 10.73 billion current LCU in 2024.
- What is the lowest general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 56.09 million current LCU in 1960.
- How does Panama rank for general government final consumption expenditure?
- Panama ranks 149th out of 187 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 117.0%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.