Household consumption — all countries

Household consumption — Panama

Household consumption in Panama in 2024 — 42,414,965,600 US$. Ranked 75 in the world out of 167. Since 1960, the indicator has risen by 11,245.3%.

2024 42.41B US$ +6.92% vs 2023
World rank 75of 167
Period maximum 42.41B US$2024
Period minimum 374M US$1960

Trend over time

1960–2024 · US$

Household consumption — Panama, 1960–2024020B40B60B19601967197419811988199520022009201620231960: 373,855,500 US$1962: 417,620,200 US$1964: 518,805,700 US$1966: 570,180,700 US$1968: 637,895,700 US$1970: 756,198,400 US$1972: 855,359,700 US$1974: 1,168,198,200 US$1976: 1,334,901,200 US$1978: 1,754,394,900 US$1980: 2,432,609,600 US$1982: 2,848,602,500 US$1984: 4,062,304,900 US$1986: 4,202,102,100 US$1988: 3,807,763,100 US$1990: 4,266,764,000 US$1992: 5,250,353,300 US$1994: 5,813,926,000 US$1996: 5,383,175,200 US$1998: 6,782,378,500 US$2000: 7,106,820,900 US$2002: 8,162,153,400 US$2004: 9,421,695,200 US$2006: 11,403,472,800 US$2008: 14,099,274,100 US$2010: 16,873,295,000 US$2012: 21,294,125,100 US$2014: 26,742,167,900 US$2016: 29,964,022,200 US$2018: 33,158,718,400 US$2020: 32,792,299,000 US$2022: 37,324,972,800 US$2024: 42,414,965,600 US$
Change over the period: +42.04B (+11,245.28%) Average annual rate: 7.67 %

Comparison, 2024

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

Panama 42.41B US$
World 63.19T US$
Central America computed 1.58T US$
High-income countries computed 41.36T US$
Household consumption — Panama, by year Panama All countries CSV XLSX
Year US$ Change Change, %
2024 42.41B +2.74B +6.92%
2023 39.67B +2.35B +6.29%
2022 37.32B +2.36B +6.75%
2021 34.96B +2.17B +6.62%
2020 32.79B −2.66B −7.51%
2019 35.45B +2.29B +6.92%
2018 33.16B +1.82B +5.8%
2017 31.34B +1.38B +4.59%
2016 29.96B +2.26B +8.15%
2015 27.71B +963M +3.6%
2014 26.74B +2.98B +12.54%
2013 23.76B +2.47B +11.59%
2012 21.29B +2.14B +11.18%
2011 19.15B +2.28B +13.51%
2010 16.87B +1.69B +11.16%
2009 15.18B +1.08B +7.66%
2008 14.1B +1.7B +13.73%
2007 12.4B +993M +8.71%
2006 11.4B +1.15B +11.18%
2005 10.26B +835M +8.86%
2004 9.42B +1.12B +13.53%
2003 8.3B +137M +1.68%
2002 8.16B +641M +8.53%
2001 7.52B +414M +5.82%
2000 7.11B −90.34M −1.26%
1999 7.2B +415M +6.12%
1998 6.78B +1.02B +17.74%
1997 5.76B +377M +7.01%
1996 5.38B −358M −6.24%
1995 5.74B −72.31M −1.24%
1994 5.81B +127M +2.23%
1993 5.69B +437M +8.32%
1992 5.25B +404M +8.34%
1991 4.85B +579M +13.58%
1990 4.27B −253M −5.59%
1989 4.52B +712M +18.69%
1988 3.81B −292M −7.13%
1987 4.1B −102M −2.42%
1986 4.2B −88.8M −2.07%
1985 4.29B +229M +5.63%
1984 4.06B +681M +20.15%
1983 3.38B +532M +18.69%
1982 2.85B −85.18M −2.9%
1981 2.93B +501M +20.6%
1980 2.43B +357M +17.21%
1979 2.08B +321M +18.3%
1978 1.75B +232M +15.24%
1977 1.52B +188M +14.05%
1976 1.33B +43.3M +3.35%
1975 1.29B +123M +10.56%
1974 1.17B +228M +24.24%
1973 940M +84.93M +9.93%
1972 855M +41.85M +5.14%
1971 814M +57.31M +7.58%
1970 756M +45.22M +6.36%
1969 711M +73.08M +11.46%
1968 638M +17.9M +2.89%
1967 620M +49.81M +8.74%
1966 570M +8.83M +1.57%
1965 561M +42.55M +8.2%
1964 519M +47.5M +10.08%
1963 471M +53.69M +12.86%
1962 418M +20.14M +5.07%
1961 397M +23.62M +6.32%
1960 374M

Central America, 2024

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

About the indicator

Household final consumption expenditure in current US dollars — everything people buy for themselves, from food and housing to services. This is the largest part of GDP in almost any country, usually between half and three quarters, and in absolute terms it sets the size of the consumer market. For gauging the capacity of a market the indicator is more useful than GDP: it includes neither government spending nor investment nor exports.

Important: It includes the imputed value of living in owner-occupied housing and other imputed services — computed quantities that statistical offices estimate unevenly.

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