Panama Private Consumption: % of GDP

Key information about Panama Private Consumption: % of GDP

• Panama Private Consumption accounted for 47.3 % of its Nominal GDP in Dec 2023, compared with a ratio of 48.8 % in the previous year.
• Panama Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1996 to Dec 2023, with an average share of 56.0 %.
• The data reached an all-time high of 64.3 % in Dec 2002 and a record low of 47.3 % in Dec 2023.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. The National Institute of Statistics and Census provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on benchmark year 2007. Private Consumption as % of Nominal GDP prior to 2018 is based on previous benchmark year. Prior to 2007, it is based on previous benchmark year 1996.


Related information about Panama Private Consumption: % of GDP

• In the latest reports, Panama GDP expanded 3.4 % YoY in Jun 2025.
• Its Nominal GDP reached 20.1 USD bn in Jun 2025.
• Its Gross Savings Rate was measured at 40.4 % in Dec 2023.

View Panama's Private Consumption: % of GDP from 1996 to 2023 in the chart:

What was Panama's Private Consumption: % of GDP in 2023?

Panama Private Consumption accounted for 47.3 % of its Nominal GDP in Dec 2023, compared with a ratio of 48.8 % in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
47.3 2023	48.8 2022	47.3 2023	64.3 2002	%	yearly	1996 - 2023

Private Consumption: % of GDP by Country Comparison

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