Gross national expenditure in Panama
Panama: Gross national expenditure was 78.12 billion constant LCU in 2024. ▲ Rising
Gross national expenditure in Panama, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Panama recorded 78.12 billion constant LCU for gross national expenditure in 2024. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 0.9% on the previous year and up 35.0% over ten years.
Over the whole period, gross national expenditure in Panama peaked at 78.12 billion constant LCU in 2024 and was at its lowest, 16.24 billion constant LCU, in 1996.
Panama ranks 123rd of 168 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross national expenditure in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1996 | 16.24 billion constant LCU | — |
| 1997 | 17.63 billion constant LCU | +8.6% |
| 1998 | 20.75 billion constant LCU | +17.7% |
| 1999 | 21.49 billion constant LCU | +3.5% |
| 2000 | 21.61 billion constant LCU | +0.6% |
| 2001 | 21.46 billion constant LCU | -0.7% |
| 2002 | 22.72 billion constant LCU | +5.9% |
| 2003 | 24.94 billion constant LCU | +9.8% |
| 2004 | 26.52 billion constant LCU | +6.3% |
| 2005 | 29.03 billion constant LCU | +9.5% |
| 2006 | 31.42 billion constant LCU | +8.2% |
| 2007 | 34.72 billion constant LCU | +10.5% |
| 2008 | 39.00 billion constant LCU | +12.3% |
| 2009 | 36.99 billion constant LCU | -5.1% |
| 2010 | 42.26 billion constant LCU | +14.2% |
| 2011 | 45.81 billion constant LCU | +8.4% |
| 2012 | 50.65 billion constant LCU | +10.6% |
| 2013 | 54.59 billion constant LCU | +7.8% |
| 2014 | 57.86 billion constant LCU | +6.0% |
| 2015 | 60.29 billion constant LCU | +4.2% |
| 2016 | 62.70 billion constant LCU | +4.0% |
| 2017 | 66.00 billion constant LCU | +5.3% |
| 2018 | 68.28 billion constant LCU | +3.5% |
| 2019 | 69.52 billion constant LCU | +1.8% |
| 2020 | 54.78 billion constant LCU | -21.2% |
| 2021 | 64.18 billion constant LCU | +17.1% |
| 2022 | 71.31 billion constant LCU | +11.1% |
| 2023 | 77.39 billion constant LCU | +8.5% |
| 2024 | 78.12 billion constant LCU | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.03 billion constant LCU | 16.24 billion constant LCU | 21.49 billion constant LCU | 4 |
| 2000s | 28.84 billion constant LCU | 21.46 billion constant LCU | 39.00 billion constant LCU | 10 |
| 2010s | 57.80 billion constant LCU | 42.26 billion constant LCU | 69.52 billion constant LCU | 10 |
| 2020s | 69.16 billion constant LCU | 54.78 billion constant LCU | 78.12 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)
- GNI, Atlas method (current US$), annual growth rate 7.89 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 19,135 current US$ per person (2025)
- GNI (current US$), annual growth rate 5.12 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9515 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 18,830 current US$ per person (2025)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross national expenditure in Panama?
- Gross national expenditure in Panama was 78.12 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Panama?
- The highest recorded value was 78.12 billion constant LCU in 2024.
- What is the lowest gross national expenditure recorded in Panama?
- The lowest recorded value was 16.24 billion constant LCU in 1996.
- How does Panama rank for gross national expenditure?
- Panama ranks 123rd out of 168 countries with data for 2024.
- Is gross national expenditure rising or falling in Panama?
- Over the last ten years it is up 35.0%. 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 Gross national expenditure (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross 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.