General government final consumption expenditure in Panama
Panama: General government final consumption expenditure was 12.4% in 2024. ▼ Falling
General government final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for general government final consumption expenditure in Panama is 12.4%, measured in 2024.
Compared with earlier readings it is up 1.1% on the previous year and up 29.0% over ten years.
Over the whole period, general government final consumption expenditure in Panama peaked at 21.0% in 1987 and was at its lowest, 9.6%, in 2014.
Panama ranks 137th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
General government final consumption expenditure in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 10.4% | — |
| 1961 | 9.9% | -4.8% |
| 1962 | 10.3% | +3.1% |
| 1963 | 11.1% | +8.3% |
| 1964 | 10.1% | -9.4% |
| 1965 | 10.2% | +0.9% |
| 1966 | 11.2% | +9.9% |
| 1967 | 11.9% | +6.3% |
| 1968 | 11.8% | -0.6% |
| 1969 | 11.6% | -1.8% |
| 1970 | 13.3% | +14.6% |
| 1971 | 13.9% | +4.9% |
| 1972 | 15.9% | +14.5% |
| 1973 | 15.4% | -3.4% |
| 1974 | 16.1% | +4.7% |
| 1975 | 17.1% | +6.1% |
| 1976 | 17.5% | +2.8% |
| 1977 | 17.7% | +0.9% |
| 1978 | 17.5% | -1.1% |
| 1979 | 18.0% | +2.9% |
| 1980 | 16.8% | -6.8% |
| 1981 | 16.2% | -3.2% |
| 1982 | 18.3% | +12.3% |
| 1983 | 17.8% | -2.5% |
| 1984 | 18.9% | +6.0% |
| 1985 | 18.7% | -1.1% |
| 1986 | 19.6% | +4.9% |
| 1987 | 21.0% | +7.3% |
| 1988 | 19.9% | -5.1% |
| 1989 | 18.4% | -7.7% |
| 1990 | 17.3% | -6.2% |
| 1991 | 16.7% | -3.1% |
| 1992 | 15.2% | -9.4% |
| 1993 | 14.4% | -4.8% |
| 1994 | 14.1% | -2.3% |
| 1995 | 14.4% | +2.0% |
| 1996 | 13.5% | -6.4% |
| 1997 | 12.6% | -6.8% |
| 1998 | 12.8% | +1.7% |
| 1999 | 13.2% | +3.2% |
| 2000 | 13.5% | +2.2% |
| 2001 | 14.4% | +7.0% |
| 2002 | 15.4% | +6.8% |
| 2003 | 14.5% | -5.8% |
| 2004 | 14.1% | -2.8% |
| 2005 | 14.0% | -0.7% |
| 2006 | 13.4% | -4.6% |
| 2007 | 12.2% | -8.4% |
| 2008 | 11.8% | -3.7% |
| 2009 | 11.6% | -1.2% |
| 2010 | 12.2% | +5.2% |
| 2011 | 11.4% | -6.6% |
| 2012 | 10.4% | -8.8% |
| 2013 | 10.3% | -1.5% |
| 2014 | 9.6% | -6.3% |
| 2015 | 9.9% | +2.5% |
| 2016 | 10.5% | +6.6% |
| 2017 | 10.9% | +3.7% |
| 2018 | 11.0% | +0.7% |
| 2019 | 11.1% | +1.3% |
| 2020 | 14.7% | +32.5% |
| 2021 | 13.7% | -6.7% |
| 2022 | 12.8% | -7.1% |
| 2023 | 12.3% | -3.9% |
| 2024 | 12.4% | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.8% | 9.9% | 11.9% | 10 |
| 1970s | 16.2% | 13.3% | 18.0% | 10 |
| 1980s | 18.6% | 16.2% | 21.0% | 10 |
| 1990s | 14.4% | 12.6% | 17.3% | 10 |
| 2000s | 13.5% | 11.6% | 15.4% | 10 |
| 2010s | 10.7% | 9.6% | 12.2% | 10 |
| 2020s | 13.2% | 12.3% | 14.7% | 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)
- Gross capital formation (current US$), annual growth rate -7.67 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.3353 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 6,426 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.67 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.3353 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 6,426 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -7.13 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2986 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is general government final consumption expenditure in Panama?
- General government final consumption expenditure in Panama was 12.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Panama?
- The highest recorded value was 21.0% in 1987.
- What is the lowest general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 9.6% in 2014.
- How does Panama rank for general government final consumption expenditure?
- Panama ranks 137th 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 29.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of General government final consumption expenditure (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.