Household consumption (% of GDP) — all countries

Household consumption (% of GDP) — Panama

Household consumption (% of GDP) in Panama in 2024 — 49%. Ranked 140 in the world out of 168. Since 1960, the indicator has fallen by 20.6 pp.

2024 49% +1.7 pp vs 2023
World rank 140of 168
Period maximum 76.4%1989
Period minimum 47.3%2023

Trend over time

1960–2024 · % of GDP

Household consumption (% of GDP) — Panama, 1960–2024405060708019601967197419811988199520022009201620231960: 69.6%1962: 64%1964: 66.8%1966: 61.4%1968: 57.3%1970: 56%1972: 51.1%1974: 53.4%1976: 51.6%1978: 54.1%1980: 52.7%1982: 49.4%1984: 65.7%1986: 61.8%1988: 64.5%1990: 66.3%1992: 65.3%1994: 62.1%1996: 58.5%1998: 61.5%2000: 59.4%2002: 63.8%2004: 62.4%2006: 61.1%2008: 54.8%2010: 55.8%2012: 51.2%2014: 52%2016: 50.1%2018: 49.3%2020: 57.5%2022: 48.8%2024: 49%
Change over the period: −20.6 pp Annual average: -0.32 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Panama

Panama 49%
World 56.6%
Central America computed 71%
High-income countries computed 58.9%
Household consumption (% of GDP) — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2024 49 +1.7 pp
2023 47.3 −1.5 pp
2022 48.8 −3.1 pp
2021 51.9 −5.6 pp
2020 57.5 +6.7 pp
2019 50.8 +1.6 pp
2018 49.3 +0.5 pp
2017 48.7 −1.4 pp
2016 50.1 +0.5 pp
2015 49.7 −2.3 pp
2014 52 +1.4 pp
2013 50.6 −0.6 pp
2012 51.2 −2.5 pp
2011 53.7 −2.1 pp
2010 55.8 +1.2 pp
2009 54.6 −0.2 pp
2008 54.8 −2.3 pp
2007 57.1 −4 pp
2006 61.1 −0.6 pp
2005 61.7 −0.7 pp
2004 62.4 +1.4 pp
2003 61 −2.8 pp
2002 63.8 +2.4 pp
2001 61.4 +2 pp
2000 59.4 −2.3 pp
1999 61.7 +0.2 pp
1998 61.5 +4.3 pp
1997 57.3 −1.3 pp
1996 58.5 −1.4 pp
1995 60 −2.1 pp
1994 62.1 −2.7 pp
1993 64.8 −0.5 pp
1992 65.3 −3.2 pp
1991 68.5 +2.2 pp
1990 66.3 −10 pp
1989 76.4 +11.9 pp
1988 64.5 +4.5 pp
1987 60.1 −1.8 pp
1986 61.8 −3.8 pp
1985 65.6 −0.1 pp
1984 65.7 +8.6 pp
1983 57.1 +7.7 pp
1982 49.4 −6.8 pp
1981 56.2 +3.5 pp
1980 52.7 −3.3 pp
1979 56 +2 pp
1978 54.1 −1.5 pp
1977 55.6 +4 pp
1976 51.6 −1.5 pp
1975 53 −0.3 pp
1974 53.4 +4.3 pp
1973 49.1 −2 pp
1972 51.1 −2.3 pp
1971 53.4 −2.6 pp
1970 56 −2.2 pp
1969 58.2 +0.9 pp
1968 57.3 −2.6 pp
1967 59.9 −1.4 pp
1966 61.4 −4.5 pp
1965 65.8 −1 pp
1964 66.8 +1.6 pp
1963 65.2 +1.2 pp
1962 64 −2.3 pp
1961 66.4 −3.2 pp
1960 69.6

Central America, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.

Source: World Development Indicators (World Bank), license CC BY 4.0.