General government final consumption expenditure in Panama
Panama: General government final consumption expenditure was 10.73 billion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in Panama, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Panama recorded 10.73 billion current US$ for general government final consumption expenditure in 2024. That is the highest value across all 65 years on record.
The figure is up 4.4% on the previous year and up 117.0% over ten years.
Over the whole period, general government final consumption expenditure in Panama peaked at 10.73 billion current US$ in 2024 and was at its lowest, 56.09 million current US$, in 1960.
That places Panama 83rd out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 92.63 million current US$ | 56.09 million current US$ | 141.35 million current US$ | 10 |
| 1970s | 389.33 million current US$ | 179.14 million current US$ | 667.15 million current US$ | 10 |
| 1980s | 1.12 billion current US$ | 774.65 million current US$ | 1.43 billion current US$ | 10 |
| 1990s | 1.29 billion current US$ | 1.11 billion current US$ | 1.54 billion current US$ | 10 |
| 2000s | 2.32 billion current US$ | 1.61 billion current US$ | 3.24 billion current US$ | 10 |
| 2010s | 5.58 billion current US$ | 3.70 billion current US$ | 7.76 billion current US$ | 10 |
| 2020s | 9.69 billion current US$ | 8.41 billion current US$ | 10.73 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 general government final consumption expenditure in Panama?
- General government final consumption expenditure in Panama was 10.73 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Panama?
- The highest recorded value was 10.73 billion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Panama?
- The lowest recorded value was 56.09 million current US$ in 1960.
- How does Panama rank for general government final consumption expenditure?
- Panama ranks 83rd out of 186 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Panama?
- Over the last ten years it is up 117.0%. 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 Organizations and/or Central Banks, published as part of General government 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.