Households and NPISHs final consumption expenditure in Panama
Panama: Households and NPISHs final consumption expenditure was 49.0% in 2024. ▼ Falling
Households and NPISHs final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, households and npishs final consumption expenditure in Panama stood at 49.0%.
That represents a change of up 3.6% on the previous year and down 5.7% over ten years.
Over the whole period, households and npishs final consumption expenditure in Panama peaked at 76.4% in 1989 and was at its lowest, 47.3%, in 2023.
That places Panama 157th out of 190 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 65 years of available data.
Households and NPISHs final consumption expenditure in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 69.6% | — |
| 1961 | 66.4% | -4.7% |
| 1962 | 64.0% | -3.5% |
| 1963 | 65.2% | +1.8% |
| 1964 | 66.8% | +2.5% |
| 1965 | 65.8% | -1.5% |
| 1966 | 61.4% | -6.8% |
| 1967 | 59.9% | -2.4% |
| 1968 | 57.3% | -4.4% |
| 1969 | 58.2% | +1.6% |
| 1970 | 56.0% | -3.9% |
| 1971 | 53.4% | -4.6% |
| 1972 | 51.1% | -4.2% |
| 1973 | 49.1% | -3.9% |
| 1974 | 53.4% | +8.7% |
| 1975 | 53.0% | -0.6% |
| 1976 | 51.6% | -2.7% |
| 1977 | 55.6% | +7.8% |
| 1978 | 54.1% | -2.7% |
| 1979 | 56.0% | +3.6% |
| 1980 | 52.7% | -5.9% |
| 1981 | 56.2% | +6.6% |
| 1982 | 49.4% | -12.1% |
| 1983 | 57.1% | +15.6% |
| 1984 | 65.7% | +15.1% |
| 1985 | 65.6% | -0.2% |
| 1986 | 61.8% | -5.8% |
| 1987 | 60.1% | -2.8% |
| 1988 | 64.5% | +7.4% |
| 1989 | 76.4% | +18.4% |
| 1990 | 66.3% | -13.2% |
| 1991 | 68.5% | +3.3% |
| 1992 | 65.3% | -4.7% |
| 1993 | 64.8% | -0.8% |
| 1994 | 62.1% | -4.1% |
| 1995 | 60.0% | -3.4% |
| 1996 | 58.5% | -2.4% |
| 1997 | 57.3% | -2.2% |
| 1998 | 61.5% | +7.5% |
| 1999 | 61.7% | +0.3% |
| 2000 | 59.4% | -3.8% |
| 2001 | 61.4% | +3.4% |
| 2002 | 63.8% | +3.9% |
| 2003 | 61.0% | -4.3% |
| 2004 | 62.4% | +2.3% |
| 2005 | 61.7% | -1.1% |
| 2006 | 61.1% | -0.9% |
| 2007 | 57.1% | -6.6% |
| 2008 | 54.8% | -4.0% |
| 2009 | 54.6% | -0.4% |
| 2010 | 55.8% | +2.2% |
| 2011 | 53.7% | -3.8% |
| 2012 | 51.2% | -4.6% |
| 2013 | 50.6% | -1.1% |
| 2014 | 52.0% | +2.7% |
| 2015 | 49.7% | -4.5% |
| 2016 | 50.1% | +0.9% |
| 2017 | 48.7% | -2.8% |
| 2018 | 49.3% | +1.1% |
| 2019 | 50.8% | +3.1% |
| 2020 | 57.5% | +13.1% |
| 2021 | 51.9% | -9.7% |
| 2022 | 48.8% | -5.9% |
| 2023 | 47.3% | -3.0% |
| 2024 | 49.0% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 63.5% | 57.3% | 69.6% | 10 |
| 1970s | 53.3% | 49.1% | 56.0% | 10 |
| 1980s | 60.9% | 49.4% | 76.4% | 10 |
| 1990s | 62.6% | 57.3% | 68.5% | 10 |
| 2000s | 59.7% | 54.6% | 63.8% | 10 |
| 2010s | 51.2% | 48.7% | 55.8% | 10 |
| 2020s | 50.9% | 47.3% | 57.5% | 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)
- Total reserves minus gold (current US$), annual growth rate -8.97 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.069 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,365 current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.41 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.124 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 2,377 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 4.41 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.124 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure in Panama?
- Households and npishs final consumption expenditure in Panama was 49.0% 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 76.4% in 1989.
- What is the lowest households and npishs final consumption expenditure recorded in Panama?
- The lowest recorded value was 47.3% in 2023.
- How does Panama rank for households and npishs final consumption expenditure?
- Panama ranks 157th out of 190 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 5.7%. The long-run trend across the full record is falling.
- 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 (% 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
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 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.