Households and NPISHs Final consumption expenditure in Panama
Panama: Households and NPISHs Final consumption expenditure was 6.5% in 2024. ◆ Volatile
Households and NPISHs Final consumption expenditure in Panama, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, households and npishs final consumption expenditure in Panama stood at 6.5%.
Compared with earlier readings it is up 18.6% on the previous year and down 6.1% over ten years.
Over the whole period, households and npishs final consumption expenditure in Panama peaked at 20.0% in 1998 and was at its lowest, -7.9%, in 2020.
Panama ranks 31st of 177 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Households and NPISHs Final consumption expenditure in Panama, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1997 | 9.4% | — |
| 1998 | 20.0% | +113.4% |
| 1999 | 1.6% | -91.7% |
| 2000 | 1.7% | +4.5% |
| 2001 | 4.0% | +131.7% |
| 2002 | 6.7% | +66.9% |
| 2003 | 8.5% | +27.8% |
| 2004 | 3.7% | -56.9% |
| 2005 | 11.7% | +218.2% |
| 2006 | 6.5% | -44.0% |
| 2007 | 0.7% | -88.6% |
| 2008 | 4.9% | +551.5% |
| 2009 | 3.6% | -26.2% |
| 2010 | 6.8% | +89.0% |
| 2011 | 5.6% | -17.7% |
| 2012 | 3.3% | -41.3% |
| 2013 | 6.7% | +105.1% |
| 2014 | 6.9% | +2.3% |
| 2015 | 2.2% | -68.8% |
| 2016 | 6.6% | +207.5% |
| 2017 | 2.6% | -61.3% |
| 2018 | 3.8% | +48.2% |
| 2019 | 6.9% | +81.4% |
| 2020 | -7.9% | -214.7% |
| 2021 | 6.7% | -184.4% |
| 2022 | 3.4% | -48.6% |
| 2023 | 5.5% | +59.4% |
| 2024 | 6.5% | +18.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.3% | 1.6% | 20.0% | 3 |
| 2000s | 5.2% | 0.7% | 11.7% | 10 |
| 2010s | 5.1% | 2.2% | 6.9% | 10 |
| 2020s | 2.8% | -7.9% | 6.7% | 5 |
Countries ranked near Panama
- 28 Guinea-Bissau 6.8% compare
- 29 Kazakhstan 6.7% compare
- 30 Bangladesh 6.6% compare
- 32 Ethiopia 6.4% compare
- 33 Côte d'Ivoire 6.3% compare
- 34 Chad 6.3% 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -2.61 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3966 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 7,600 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 78.89 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 78.89 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0262 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 518.14 current LCU per person (2025)
Frequently asked questions
- What is households and npishs final consumption expenditure in Panama?
- Households and npishs final consumption expenditure in Panama was 6.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest households and npishs final consumption expenditure recorded in Panama?
- The highest recorded value was 20.0% in 1998.
- What is the lowest households and npishs final consumption expenditure recorded in Panama?
- The lowest recorded value was -7.9% in 2020.
- How does Panama rank for households and npishs final consumption expenditure?
- Panama ranks 31st out of 177 countries with data for 2024.
- Is households and npishs final consumption expenditure rising or falling in Panama?
- Over the last ten years it is down 6.1%. 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 Households and NPISHs Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.