Gross national expenditure (current US$) in Panama
Panama: Gross national expenditure (current US$) was 82.16 billion current US$ in 2024. ◆ Volatile
Latest (2024)
82.16 billion current US$
Change on year
up 1.0%
World rank
81st
of 186 countries
All-time high
82.16 billion current US$
in 2024
All-time low
544.43 million current US$
in 1960
Years of data
65
1960–2024
Gross national expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross national expenditure in Panama stood at 82.16 billion current US$. That is the highest value across all 65 years on record.
The figure is up 1.0% on the previous year and up 51.9% over ten years.
Over the whole period, gross national expenditure in Panama peaked at 82.16 billion current US$ in 2024 and was at its lowest, 544.43 million current US$, in 1960.
That places Panama 81st out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current US$) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 544.43 million current US$ | — |
| 1961 | 606.30 million current US$ | +11.4% |
| 1962 | 651.47 million current US$ | +7.4% |
| 1963 | 736.96 million current US$ | +13.1% |
| 1964 | 769.47 million current US$ | +4.4% |
| 1965 | 843.47 million current US$ | +9.6% |
| 1966 | 939.31 million current US$ | +11.4% |
| 1967 | 1.03 billion current US$ | +9.3% |
| 1968 | 1.09 billion current US$ | +6.4% |
| 1969 | 1.23 billion current US$ | +12.3% |
| 1970 | 1.40 billion current US$ | +14.1% |
| 1971 | 1.60 billion current US$ | +14.1% |
| 1972 | 1.78 billion current US$ | +11.4% |
| 1973 | 2.03 billion current US$ | +14.0% |
| 1974 | 2.43 billion current US$ | +19.8% |
| 1975 | 2.64 billion current US$ | +8.5% |
| 1976 | 2.80 billion current US$ | +6.3% |
| 1977 | 2.81 billion current US$ | +0.3% |
| 1978 | 3.39 billion current US$ | +20.6% |
| 1979 | 4.03 billion current US$ | +18.9% |
| 1980 | 4.84 billion current US$ | +20.1% |
| 1981 | 5.64 billion current US$ | +16.7% |
| 1982 | 5.85 billion current US$ | +3.7% |
| 1983 | 5.77 billion current US$ | -1.5% |
| 1984 | 6.38 billion current US$ | +10.7% |
| 1985 | 6.76 billion current US$ | +6.0% |
| 1986 | 7.01 billion current US$ | +3.6% |
| 1987 | 7.11 billion current US$ | +1.5% |
| 1988 | 5.54 billion current US$ | -22.1% |
| 1989 | 6.07 billion current US$ | +9.5% |
| 1990 | 6.74 billion current US$ | +11.1% |
| 1991 | 7.74 billion current US$ | +14.8% |
| 1992 | 8.86 billion current US$ | +14.6% |
| 1993 | 9.68 billion current US$ | +9.3% |
| 1994 | 10.29 billion current US$ | +6.3% |
| 1995 | 10.76 billion current US$ | +4.6% |
| 1996 | 9.08 billion current US$ | -15.6% |
| 1997 | 9.74 billion current US$ | +7.3% |
| 1998 | 11.48 billion current US$ | +17.8% |
| 1999 | 12.13 billion current US$ | +5.6% |
| 2000 | 12.12 billion current US$ | -0.1% |
| 2001 | 12.03 billion current US$ | -0.7% |
| 2002 | 12.85 billion current US$ | +6.8% |
| 2003 | 13.74 billion current US$ | +6.9% |
| 2004 | 15.64 billion current US$ | +13.9% |
| 2005 | 17.08 billion current US$ | +9.2% |
| 2006 | 19.24 billion current US$ | +12.6% |
| 2007 | 22.74 billion current US$ | +18.2% |
| 2008 | 27.78 billion current US$ | +22.1% |
| 2009 | 26.99 billion current US$ | -2.8% |
| 2010 | 31.86 billion current US$ | +18.1% |
| 2011 | 36.66 billion current US$ | +15.0% |
| 2012 | 43.31 billion current US$ | +18.1% |
| 2013 | 48.80 billion current US$ | +12.7% |
| 2014 | 54.10 billion current US$ | +10.8% |
| 2015 | 56.77 billion current US$ | +4.9% |
| 2016 | 60.31 billion current US$ | +6.2% |
| 2017 | 65.04 billion current US$ | +7.8% |
| 2018 | 68.28 billion current US$ | +5.0% |
| 2019 | 69.78 billion current US$ | +2.2% |
| 2020 | 54.87 billion current US$ | -21.4% |
| 2021 | 65.32 billion current US$ | +19.0% |
| 2022 | 74.51 billion current US$ | +14.1% |
| 2023 | 81.37 billion current US$ | +9.2% |
| 2024 | 82.16 billion current US$ | +1.0% |
Panama compared with similar countries
- Panama's 82.16 billion current US$ is below the median for high income countries, which is 195.11 billion current US$, 42% of the median. (66 countries reporting)
- Panama's 82.16 billion current US$ is above the median for Latin America & Caribbean, which is 82.16 billion current US$, 1.0× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 843.93 million current US$ | 544.43 million current US$ | 1.23 billion current US$ | 10 |
| 1970s | 2.49 billion current US$ | 1.40 billion current US$ | 4.03 billion current US$ | 10 |
| 1980s | 6.10 billion current US$ | 4.84 billion current US$ | 7.11 billion current US$ | 10 |
| 1990s | 9.65 billion current US$ | 6.74 billion current US$ | 12.13 billion current US$ | 10 |
| 2000s | 18.02 billion current US$ | 12.03 billion current US$ | 27.78 billion current US$ | 10 |
| 2010s | 53.49 billion current US$ | 31.86 billion current US$ | 69.78 billion current US$ | 10 |
| 2020s | 71.65 billion current US$ | 54.87 billion current US$ | 82.16 billion current US$ | 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 gross national expenditure in Panama?
- Gross national expenditure in Panama was 82.16 billion current US$ 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 82.16 billion current US$ in 2024.
- What is the lowest gross national expenditure recorded in Panama?
- The lowest recorded value was 544.43 million current US$ in 1960.
- How does Panama rank for gross national expenditure?
- Panama ranks 81st out of 186 countries with data for 2024.
- Is gross national expenditure rising or falling in Panama?
- Over the last ten years it is up 51.9%. 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 Gross national expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.