Final consumption expenditure in Panama
Panama: Final consumption expenditure was 53.15 billion current US$ in 2024. ◆ Volatile
Final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Panama is 53.15 billion current US$, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 6.4% on the previous year and up 67.7% over ten years.
Over the whole period, final consumption expenditure in Panama peaked at 53.15 billion current US$ in 2024 and was at its lowest, 429.94 million current US$, in 1960.
That places Panama 88th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 620.58 million current US$ | 429.94 million current US$ | 852.32 million current US$ | 10 |
| 1970s | 1.64 billion current US$ | 935.34 million current US$ | 2.74 billion current US$ | 10 |
| 1980s | 4.77 billion current US$ | 3.21 billion current US$ | 5.61 billion current US$ | 10 |
| 1990s | 6.97 billion current US$ | 5.38 billion current US$ | 8.74 billion current US$ | 10 |
| 2000s | 12.70 billion current US$ | 8.72 billion current US$ | 18.41 billion current US$ | 10 |
| 2010s | 32.13 billion current US$ | 20.57 billion current US$ | 43.22 billion current US$ | 10 |
| 2020s | 47.12 billion current US$ | 41.20 billion current US$ | 53.15 billion current US$ | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
- Taxes less subsidies on products 2.23 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.39 billion current LCU (2025)
- Net primary income (Net income from abroad) -4.39 billion current US$ (2025)
- GNI per capita 18,830 current LCU (2025)
- GNI per capita, Atlas method 19,140 current US$ (2025)
- GNI 86.07 billion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in Panama?
- Final consumption expenditure in Panama was 53.15 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Panama?
- The highest recorded value was 53.15 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Panama?
- The lowest recorded value was 429.94 million current US$ in 1960.
- How does Panama rank for final consumption expenditure?
- Panama ranks 88th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 67.7%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.