Share of household consumption in GDP vs. GDP per capita in Panama
Panama: Share of household consumption in GDP vs. GDP per capita was 39.0% in 2023. ▼ Falling
Latest (2023)
39.0%
Change on year
down 3.6%
World rank
171st
of 184 countries
All-time high
96.3%
in 1957
All-time low
39.0%
in 2023
Years of data
74
1950–2023
Share of household consumption in GDP vs. GDP per capita in Panama, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Panama recorded 39.0% for share of household consumption in gdp vs. gdp per capita in 2023. That is the lowest value across all 74 years on record.
Compared with earlier readings it is down 3.6% on the previous year and down 28.4% over ten years.
Over the whole period, share of household consumption in gdp vs. gdp per capita in Panama peaked at 96.3% in 1957 and was at its lowest, 39.0%, in 2023.
Panama ranks 171st of 184 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 74 years of available data.
Share of household consumption in GDP vs. GDP per capita in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1950 | 90.7% | — |
| 1951 | 94.9% | +4.7% |
| 1952 | 94.9% | +0.0% |
| 1953 | 86.2% | -9.2% |
| 1954 | 91.9% | +6.6% |
| 1955 | 90.7% | -1.3% |
| 1956 | 90.9% | +0.2% |
| 1957 | 96.3% | +5.9% |
| 1958 | 92.9% | -3.5% |
| 1959 | 89.2% | -4.0% |
| 1960 | 93.9% | +5.4% |
| 1961 | 90.0% | -4.2% |
| 1962 | 84.5% | -6.1% |
| 1963 | 86.8% | +2.7% |
| 1964 | 87.7% | +1.1% |
| 1965 | 86.8% | -1.0% |
| 1966 | 81.1% | -6.6% |
| 1967 | 79.3% | -2.2% |
| 1968 | 75.4% | -5.0% |
| 1969 | 77.3% | +2.6% |
| 1970 | 66.7% | -13.6% |
| 1971 | 63.4% | -5.1% |
| 1972 | 59.1% | -6.7% |
| 1973 | 57.9% | -2.1% |
| 1974 | 62.9% | +8.7% |
| 1975 | 57.9% | -8.0% |
| 1976 | 57.5% | -0.6% |
| 1977 | 61.7% | +7.3% |
| 1978 | 63.6% | +3.0% |
| 1979 | 65.1% | +2.4% |
| 1980 | 62.9% | -3.4% |
| 1981 | 58.9% | -6.3% |
| 1982 | 53.1% | -9.8% |
| 1983 | 62.8% | +18.3% |
| 1984 | 66.3% | +5.5% |
| 1985 | 67.4% | +1.6% |
| 1986 | 59.2% | -12.1% |
| 1987 | 54.7% | -7.6% |
| 1988 | 51.7% | -5.5% |
| 1989 | 63.1% | +22.0% |
| 1990 | 52.0% | -17.6% |
| 1991 | 54.8% | +5.5% |
| 1992 | 55.4% | +1.1% |
| 1993 | 55.6% | +0.4% |
| 1994 | 52.2% | -6.1% |
| 1995 | 50.0% | -4.2% |
| 1996 | 51.8% | +3.5% |
| 1997 | 51.3% | -0.9% |
| 1998 | 56.5% | +10.1% |
| 1999 | 55.8% | -1.3% |
| 2000 | 53.9% | -3.3% |
| 2001 | 55.8% | +3.4% |
| 2002 | 57.5% | +3.1% |
| 2003 | 56.6% | -1.6% |
| 2004 | 59.2% | +4.8% |
| 2005 | 54.7% | -7.7% |
| 2006 | 53.1% | -2.9% |
| 2007 | 58.7% | +10.6% |
| 2008 | 58.3% | -0.8% |
| 2009 | 58.9% | +1.1% |
| 2010 | 59.6% | +1.2% |
| 2011 | 57.3% | -3.8% |
| 2012 | 54.5% | -4.9% |
| 2013 | 54.5% | +0.0% |
| 2014 | 54.5% | +0.1% |
| 2015 | 54.2% | -0.6% |
| 2016 | 54.1% | -0.2% |
| 2017 | 49.7% | -8.3% |
| 2018 | 48.6% | -2.1% |
| 2019 | 49.1% | +0.9% |
| 2020 | 52.2% | +6.4% |
| 2021 | 46.1% | -11.7% |
| 2022 | 40.4% | -12.3% |
| 2023 | 39.0% | -3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 91.9% | 86.2% | 96.3% | 10 |
| 1960s | 84.3% | 75.4% | 93.9% | 10 |
| 1970s | 61.6% | 57.5% | 66.7% | 10 |
| 1980s | 60.0% | 51.7% | 67.4% | 10 |
| 1990s | 53.6% | 50.0% | 56.5% | 10 |
| 2000s | 56.7% | 53.1% | 59.2% | 10 |
| 2010s | 53.6% | 48.6% | 59.6% | 10 |
| 2020s | 44.4% | 39.0% | 52.2% | 4 |
Countries ranked near Panama
- 168 United Arab Emirates 39.6% compare
- 169 Congo 39.4% compare
- 170 Suriname 39.2% compare
- 172 Equatorial Guinea 38.7% compare
- 173 Luxembourg 38.5% compare
- 174 Bahrain 34.7% 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)
- Exports of goods and services (current LCU), annual growth rate 0.359 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.4436 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 8,500 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 1.65 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4414 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 8,457 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 1.55 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.314 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is share of household consumption in gdp vs. gdp per capita in Panama?
- Share of household consumption in gdp vs. gdp per capita in Panama was 39.0% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of household consumption in gdp vs. gdp per capita recorded in Panama?
- The highest recorded value was 96.3% in 1957.
- What is the lowest share of household consumption in gdp vs. gdp per capita recorded in Panama?
- The lowest recorded value was 39.0% in 2023.
- How does Panama rank for share of household consumption in gdp vs. gdp per capita?
- Panama ranks 171st out of 184 countries with data for 2023.
- Is share of household consumption in gdp vs. gdp per capita rising or falling in Panama?
- Over the last ten years it is down 28.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of household consumption in GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Household consumption divided by gross domestic product, expressed as a percentage.