Households and NPISHs Final consumption expenditure per capita, PPP in Panama
Panama: Households and NPISHs Final consumption expenditure per capita, PPP was 15,977 constant 2021 international $ in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure per capita, PPP in Panama, 1996–2024
Source: International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024. Measured in constant 2021 international $.
Analysis
The most recent figure for households and npishs final consumption expenditure per capita, ppp in Panama is 15,977 constant 2021 international $, measured in 2024. That is the highest value across all 29 years on record.
The figure is up 5.1% on the previous year and up 21.9% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Panama peaked at 15,977 constant 2021 international $ in 2024 and was at its lowest, 6,263 constant 2021 international $, in 1996.
That places Panama 66th out of 169 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Households and NPISHs Final consumption expenditure per capita, PPP in Panama, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1996 | 6,263 constant 2021 international $ | — |
| 1997 | 6,713 constant 2021 international $ | +7.2% |
| 1998 | 7,893 constant 2021 international $ | +17.6% |
| 1999 | 7,866 constant 2021 international $ | -0.3% |
| 2000 | 7,846 constant 2021 international $ | -0.3% |
| 2001 | 8,002 constant 2021 international $ | +2.0% |
| 2002 | 8,372 constant 2021 international $ | +4.6% |
| 2003 | 8,912 constant 2021 international $ | +6.5% |
| 2004 | 9,065 constant 2021 international $ | +1.7% |
| 2005 | 9,933 constant 2021 international $ | +9.6% |
| 2006 | 10,388 constant 2021 international $ | +4.6% |
| 2007 | 10,275 constant 2021 international $ | -1.1% |
| 2008 | 10,582 constant 2021 international $ | +3.0% |
| 2009 | 10,767 constant 2021 international $ | +1.7% |
| 2010 | 11,296 constant 2021 international $ | +4.9% |
| 2011 | 11,718 constant 2021 international $ | +3.7% |
| 2012 | 11,892 constant 2021 international $ | +1.5% |
| 2013 | 12,474 constant 2021 international $ | +4.9% |
| 2014 | 13,106 constant 2021 international $ | +5.1% |
| 2015 | 13,159 constant 2021 international $ | +0.4% |
| 2016 | 13,790 constant 2021 international $ | +4.8% |
| 2017 | 13,904 constant 2021 international $ | +0.8% |
| 2018 | 14,192 constant 2021 international $ | +2.1% |
| 2019 | 14,931 constant 2021 international $ | +5.2% |
| 2020 | 13,563 constant 2021 international $ | -9.2% |
| 2021 | 14,295 constant 2021 international $ | +5.4% |
| 2022 | 14,599 constant 2021 international $ | +2.1% |
| 2023 | 15,196 constant 2021 international $ | +4.1% |
| 2024 | 15,977 constant 2021 international $ | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7,184 constant 2021 international $ | 6,263 constant 2021 international $ | 7,893 constant 2021 international $ | 4 |
| 2000s | 9,414 constant 2021 international $ | 7,846 constant 2021 international $ | 10,767 constant 2021 international $ | 10 |
| 2010s | 13,046 constant 2021 international $ | 11,296 constant 2021 international $ | 14,931 constant 2021 international $ | 10 |
| 2020s | 14,726 constant 2021 international $ | 13,563 constant 2021 international $ | 15,977 constant 2021 international $ | 5 |
Countries ranked near Panama
- 63 Costa Rica 16,278 constant 2021 international $ compare
- 64 Dominican Republic 16,095 constant 2021 international $ compare
- 65 Northern Mariana Islands 16,049 constant 2021 international $ compare
- 67 Chile 15,623 constant 2021 international $ compare
- 68 Serbia 14,921 constant 2021 international $ compare
- 69 North Macedonia 14,540 constant 2021 international $ 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)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2057 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 4,071 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.48 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2264 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 4,480 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is households and npishs final consumption expenditure per capita, ppp in Panama?
- Households and npishs final consumption expenditure per capita, ppp in Panama was 15,977 constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024.
- What is the highest households and npishs final consumption expenditure per capita, ppp recorded in Panama?
- The highest recorded value was 15,977 constant 2021 international $ in 2024.
- What is the lowest households and npishs final consumption expenditure per capita, ppp recorded in Panama?
- The lowest recorded value was 6,263 constant 2021 international $ in 1996.
- How does Panama rank for households and npishs final consumption expenditure per capita, ppp?
- Panama ranks 66th out of 169 countries with data for 2024.
- Is households and npishs final consumption expenditure per capita, ppp rising or falling in Panama?
- Over the last ten years it is up 21.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as part of Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for final consumption expenditure per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure 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. The core indicator has been divided by the general population to achieve a per capita estimate. 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 is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.