Households and NPISHs Final consumption expenditure per capita, PPP in Panama
Panama: Households and NPISHs Final consumption expenditure per capita, PPP was 18,379 current international $ in 2024. ◆ Volatile
Households and NPISHs Final consumption expenditure per capita, PPP in Panama, 1990–2024
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 current international $.
Analysis
Panama recorded 18,379 current international $ for households and npishs final consumption expenditure per capita, ppp in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 43.9% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Panama peaked at 18,379 current international $ in 2024 and was at its lowest, 2,540 current international $, in 1990.
That places Panama 68th out of 182 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.
Households and NPISHs Final consumption expenditure per capita, PPP in Panama, year by year
| Year | current international $ | Change |
|---|---|---|
| 1990 | 2,540 current international $ | — |
| 1991 | 2,907 current international $ | +14.5% |
| 1992 | 3,121 current international $ | +7.3% |
| 1993 | 3,394 current international $ | +8.7% |
| 1994 | 3,443 current international $ | +1.5% |
| 1995 | 3,391 current international $ | -1.5% |
| 1996 | 3,499 current international $ | +3.2% |
| 1997 | 3,706 current international $ | +5.9% |
| 1998 | 4,319 current international $ | +16.5% |
| 1999 | 4,535 current international $ | +5.0% |
| 2000 | 4,473 current international $ | -1.4% |
| 2001 | 4,758 current international $ | +6.4% |
| 2002 | 5,095 current international $ | +7.1% |
| 2003 | 5,177 current international $ | +1.6% |
| 2004 | 5,893 current international $ | +13.8% |
| 2005 | 6,328 current international $ | +7.4% |
| 2006 | 6,958 current international $ | +10.0% |
| 2007 | 7,333 current international $ | +5.4% |
| 2008 | 7,819 current international $ | +6.6% |
| 2009 | 8,044 current international $ | +2.9% |
| 2010 | 8,627 current international $ | +7.2% |
| 2011 | 9,373 current international $ | +8.6% |
| 2012 | 10,539 current international $ | +12.4% |
| 2013 | 11,365 current international $ | +7.8% |
| 2014 | 12,770 current international $ | +12.4% |
| 2015 | 13,571 current international $ | +6.3% |
| 2016 | 15,025 current international $ | +10.7% |
| 2017 | 15,813 current international $ | +5.2% |
| 2018 | 15,359 current international $ | -2.9% |
| 2019 | 15,663 current international $ | +2.0% |
| 2020 | 13,874 current international $ | -11.4% |
| 2021 | 14,295 current international $ | +3.0% |
| 2022 | 15,822 current international $ | +10.7% |
| 2023 | 17,028 current international $ | +7.6% |
| 2024 | 18,379 current international $ | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,486 current international $ | 2,540 current international $ | 4,535 current international $ | 10 |
| 2000s | 6,188 current international $ | 4,473 current international $ | 8,044 current international $ | 10 |
| 2010s | 12,810 current international $ | 8,627 current international $ | 15,813 current international $ | 10 |
| 2020s | 15,879 current international $ | 13,874 current international $ | 18,379 current international $ | 5 |
Countries ranked near Panama
- 65 Dominican Republic 19,535 current international $ compare
- 66 Serbia 18,721 current international $ compare
- 67 Egypt 18,525 current international $ compare
- 69 Georgia 17,276 current international $ compare
- 70 North Macedonia 16,803 current international $ compare
- 71 Curaçao 16,781 current 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)
- 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 households and npishs final consumption expenditure per capita, ppp in Panama?
- Households and npishs final consumption expenditure per capita, ppp in Panama was 18,379 current 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 18,379 current international $ in 2024.
- What is the lowest households and npishs final consumption expenditure per capita, ppp recorded in Panama?
- The lowest recorded value was 2,540 current international $ in 1990.
- How does Panama rank for households and npishs final consumption expenditure per capita, ppp?
- Panama ranks 68th out of 182 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 43.9%. The long-run trend across the full record is volatile.
- 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 (current 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 current 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. 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.