Gross national expenditure in Panama
Panama: Gross national expenditure was 95.0% in 2024. ▬ Flat
Gross national expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross national expenditure in Panama stood at 95.0%.
That represents a change of down 2.2% on the previous year and down 9.7% over ten years.
Over the whole period, gross national expenditure in Panama peaked at 112.4% in 1995 and was at its lowest, 93.9%, in 1988.
Panama ranks 145th of 186 countries on this measure, in the bottom quarter.
Gross national expenditure in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 101.4% | — |
| 1961 | 101.2% | -0.1% |
| 1962 | 99.9% | -1.3% |
| 1963 | 102.0% | +2.1% |
| 1964 | 99.1% | -2.8% |
| 1965 | 98.9% | -0.2% |
| 1966 | 101.1% | +2.2% |
| 1967 | 99.3% | -1.8% |
| 1968 | 98.2% | -1.1% |
| 1969 | 100.5% | +2.3% |
| 1970 | 103.7% | +3.1% |
| 1971 | 104.9% | +1.2% |
| 1972 | 106.4% | +1.5% |
| 1973 | 106.0% | -0.3% |
| 1974 | 111.1% | +4.7% |
| 1975 | 108.2% | -2.5% |
| 1976 | 108.2% | +0.0% |
| 1977 | 102.6% | -5.2% |
| 1978 | 104.4% | +1.8% |
| 1979 | 108.7% | +4.1% |
| 1980 | 104.8% | -3.6% |
| 1981 | 108.1% | +3.1% |
| 1982 | 101.4% | -6.1% |
| 1983 | 97.3% | -4.0% |
| 1984 | 103.2% | +6.0% |
| 1985 | 103.4% | +0.2% |
| 1986 | 103.0% | -0.3% |
| 1987 | 104.2% | +1.1% |
| 1988 | 93.9% | -9.9% |
| 1989 | 102.5% | +9.2% |
| 1990 | 104.7% | +2.2% |
| 1991 | 109.3% | +4.4% |
| 1992 | 110.2% | +0.8% |
| 1993 | 110.3% | +0.0% |
| 1994 | 109.9% | -0.3% |
| 1995 | 112.4% | +2.3% |
| 1996 | 98.7% | -12.2% |
| 1997 | 96.9% | -1.9% |
| 1998 | 104.2% | +7.5% |
| 1999 | 104.0% | -0.2% |
| 2000 | 101.3% | -2.6% |
| 2001 | 98.2% | -3.1% |
| 2002 | 100.4% | +2.2% |
| 2003 | 101.0% | +0.6% |
| 2004 | 103.6% | +2.6% |
| 2005 | 102.7% | -0.8% |
| 2006 | 103.1% | +0.3% |
| 2007 | 104.7% | +1.6% |
| 2008 | 108.0% | +3.1% |
| 2009 | 97.1% | -10.1% |
| 2010 | 105.4% | +8.5% |
| 2011 | 102.7% | -2.5% |
| 2012 | 104.1% | +1.4% |
| 2013 | 103.9% | -0.2% |
| 2014 | 105.2% | +1.2% |
| 2015 | 101.8% | -3.2% |
| 2016 | 100.9% | -0.9% |
| 2017 | 101.1% | +0.2% |
| 2018 | 101.4% | +0.3% |
| 2019 | 100.0% | -1.4% |
| 2020 | 96.2% | -3.8% |
| 2021 | 96.9% | +0.8% |
| 2022 | 97.4% | +0.5% |
| 2023 | 97.1% | -0.3% |
| 2024 | 95.0% | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 100.2% | 98.2% | 102.0% | 10 |
| 1970s | 106.4% | 102.6% | 111.1% | 10 |
| 1980s | 102.2% | 93.9% | 108.1% | 10 |
| 1990s | 106.1% | 96.9% | 112.4% | 10 |
| 2000s | 102.0% | 97.1% | 108.0% | 10 |
| 2010s | 102.7% | 100.0% | 105.4% | 10 |
| 2020s | 96.5% | 95.0% | 97.4% | 5 |
Countries ranked near Panama
- 142 Venezuela, Bolivarian Republic of 95.2% compare
- 143 Burkina Faso 95.0% compare
- 144 Côte d'Ivoire 95.0% compare
- 146 Republic of Korea 94.8% compare
- 147 Slovenia 94.6% compare
- 148 Malaysia 94.5% 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)
- 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)
- Gross capital formation (constant 2015 US$), per capita 5,722 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -4.99 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.3932 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 7,533 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -4.99 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.3932 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross national expenditure in Panama?
- Gross national expenditure in Panama was 95.0% 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 112.4% in 1995.
- What is the lowest gross national expenditure recorded in Panama?
- The lowest recorded value was 93.9% in 1988.
- How does Panama rank for gross national expenditure?
- Panama ranks 145th out of 186 countries with data for 2024.
- Is gross national expenditure rising or falling in Panama?
- Over the last ten years it is down 9.7%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 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.