Households and NPISHs Final consumption expenditure, PPP in Panama
Panama: Households and NPISHs Final consumption expenditure, PPP was 72.14 billion constant 2021 international $ in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure, PPP in Panama, 1996–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
In 2024, households and npishs final consumption expenditure, ppp in Panama stood at 72.14 billion constant 2021 international $. That is the highest value across all 29 years on record.
The figure is up 6.5% on the previous year and up 41.4% over ten years.
Over the whole period, households and npishs final consumption expenditure, ppp in Panama peaked at 72.14 billion constant 2021 international $ in 2024 and was at its lowest, 17.41 billion constant 2021 international $, in 1996.
That places Panama 85th out of 170 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, PPP in Panama, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1996 | 17.41 billion constant 2021 international $ | — |
| 1997 | 19.04 billion constant 2021 international $ | +9.4% |
| 1998 | 22.84 billion constant 2021 international $ | +20.0% |
| 1999 | 23.22 billion constant 2021 international $ | +1.6% |
| 2000 | 23.62 billion constant 2021 international $ | +1.7% |
| 2001 | 24.56 billion constant 2021 international $ | +4.0% |
| 2002 | 26.20 billion constant 2021 international $ | +6.7% |
| 2003 | 28.43 billion constant 2021 international $ | +8.5% |
| 2004 | 29.47 billion constant 2021 international $ | +3.7% |
| 2005 | 32.91 billion constant 2021 international $ | +11.7% |
| 2006 | 35.06 billion constant 2021 international $ | +6.5% |
| 2007 | 35.32 billion constant 2021 international $ | +0.7% |
| 2008 | 37.04 billion constant 2021 international $ | +4.9% |
| 2009 | 38.38 billion constant 2021 international $ | +3.6% |
| 2010 | 40.99 billion constant 2021 international $ | +6.8% |
| 2011 | 43.28 billion constant 2021 international $ | +5.6% |
| 2012 | 44.70 billion constant 2021 international $ | +3.3% |
| 2013 | 47.72 billion constant 2021 international $ | +6.7% |
| 2014 | 51.01 billion constant 2021 international $ | +6.9% |
| 2015 | 52.11 billion constant 2021 international $ | +2.2% |
| 2016 | 55.56 billion constant 2021 international $ | +6.6% |
| 2017 | 56.99 billion constant 2021 international $ | +2.6% |
| 2018 | 59.15 billion constant 2021 international $ | +3.8% |
| 2019 | 63.23 billion constant 2021 international $ | +6.9% |
| 2020 | 58.23 billion constant 2021 international $ | -7.9% |
| 2021 | 62.12 billion constant 2021 international $ | +6.7% |
| 2022 | 64.25 billion constant 2021 international $ | +3.4% |
| 2023 | 67.76 billion constant 2021 international $ | +5.5% |
| 2024 | 72.14 billion constant 2021 international $ | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.63 billion constant 2021 international $ | 17.41 billion constant 2021 international $ | 23.22 billion constant 2021 international $ | 4 |
| 2000s | 31.10 billion constant 2021 international $ | 23.62 billion constant 2021 international $ | 38.38 billion constant 2021 international $ | 10 |
| 2010s | 51.47 billion constant 2021 international $ | 40.99 billion constant 2021 international $ | 63.23 billion constant 2021 international $ | 10 |
| 2020s | 64.90 billion constant 2021 international $ | 58.23 billion constant 2021 international $ | 72.14 billion constant 2021 international $ | 5 |
Countries ranked near Panama
- 82 Congo, Democratic Republic of the 76.86 billion constant 2021 international $ compare
- 83 Oman 75.22 billion constant 2021 international $ compare
- 84 Paraguay 72.40 billion constant 2021 international $ compare
- 86 Cambodia 70.76 billion constant 2021 international $ compare
- 87 Sudan 70.17 billion constant 2021 international $ compare
- 88 Lithuania 68.79 billion 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)
- 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, ppp in Panama?
- Households and npishs final consumption expenditure, ppp in Panama was 72.14 billion constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest households and npishs final consumption expenditure, ppp recorded in Panama?
- The highest recorded value was 72.14 billion constant 2021 international $ in 2024.
- What is the lowest households and npishs final consumption expenditure, ppp recorded in Panama?
- The lowest recorded value was 17.41 billion constant 2021 international $ in 1996.
- How does Panama rank for households and npishs final consumption expenditure, ppp?
- Panama ranks 85th out of 170 countries with data for 2024.
- Is households and npishs final consumption expenditure, ppp rising or falling in Panama?
- Over the last ten years it is up 41.4%. 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), published as part of Households and NPISHs Final consumption expenditure, 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 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. 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.