Panama Public Consumption: % of GDP

1996 - 2021 | Yearly | % | CEIC Data

Key information about Panama Public Consumption: % of GDP

  • Panama Public Consumption accounted for 13.7 % of its Nominal GDP in Dec 2021, compared with a share of 14.8 % in the previous year.
  • Panama Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 1996 to Dec 2021, with an average number of 12.5 %.
  • The data reached an all-time high of 14.8 % in Dec 2002 and a record low of 10.0 % in Dec 2014.

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


Related information about Panama Public Consumption: % of GDP

  • In the latest reports, Panama GDP expanded 9.5 % YoY in Sep 2022.
  • Panama Nominal GDP reached 18.1 USD bn in Sep 2022.
  • Its GDP deflator (implicit price deflator) increased 2.0 % in Sep 2022.
  • Its Gross Savings Rate was measured at 35.8 % in Dec 2021.
  • For Nominal GDP contributions, Investment accounted for 32.4 % in Dec 2021.
  • Private Consumption accounted for 50.5 % in Dec 2021.

View Panama's Public Consumption: % of GDP from 1996 to 2021 in the chart:

Panama Public Consumption: % of GDP

What was Panama's Public Consumption: % of GDP in 2021?

Panama Public Consumption accounted for 13.7 % of its Nominal GDP in Dec 2021, compared with a share of 14.8 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
13.7 2021 14.8 2020 10.0 2014 14.8 2002 % yearly 1996 - 2021

Public Consumption: % of GDP by Country Comparison

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Includes Public Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 9.4 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 2.3 2022 yearly 1950 - 2022
Argentina (%) 15.6 Sep 2023 quarterly Mar 1993 - Sep 2023
Armenia (%) 12.6 Jun 2023 quarterly Dec 1994 - Jun 2023
Australia (%) 20.4 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 20.7 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 11.8 Sep 2023 quarterly Mar 2001 - Sep 2023
Bahrain (%) 15.8 2021 yearly 1975 - 2021
Bangladesh (%) 5.7 2022 yearly 1973 - 2022
Belarus (%) 15.5 Sep 2023 quarterly Mar 1994 - Sep 2023
Belgium (%) 22.8 Sep 2023 quarterly Mar 1980 - Sep 2023
Bolivia (%) 20.7 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 17.1 Sep 2023 quarterly Mar 2008 - Sep 2023
Botswana (%) 30.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Brazil (%) 17.8 Jun 2023 quarterly Mar 1996 - Jun 2023
Brunei (%) 17.6 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 20.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 7.4 2022 yearly 1993 - 2022
Canada (%) 21.4 Jun 2023 quarterly Mar 1961 - Jun 2023
Chile (%) 15.3 Sep 2023 quarterly Mar 1996 - Sep 2023
China (%) 15.9 2021 yearly 1952 - 2021
Colombia (%) 14.0 Sep 2023 quarterly Mar 2005 - Sep 2023
Croatia (%) 19.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Cyprus (%) 18.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Czech Republic (%) 22.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 22.9 Sep 2023 quarterly Mar 1990 - Sep 2023
Ecuador (%) 14.0 Sep 2023 quarterly Mar 1991 - Sep 2023
Egypt (%) 8.1 Jun 2023 quarterly Sep 2001 - Jun 2023
Estonia (%) 20.6 Mar 2023 quarterly Mar 1993 - Mar 2023
European Union (%) 20.4 Sep 2023 quarterly Mar 1995 - Sep 2023
Finland (%) 23.8 Dec 2022 quarterly Mar 1975 - Dec 2022
France (%) 23.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Georgia (%) 12.2 Sep 2023 quarterly Mar 1996 - Sep 2023
Germany (%) 20.9 Sep 2023 quarterly Mar 1991 - Sep 2023
Ghana (%) 6.7 2022 yearly 2006 - 2022
Greece (%) 19.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Hong Kong SAR, China (%) 13.7 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (%) 20.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Iceland (%) 26.0 Jun 2023 quarterly Mar 1995 - Jun 2023
India (%) 10.5 Jun 2023 quarterly Jun 1996 - Jun 2023
Indonesia (%) 9.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (%) 12.0 Jun 2023 quarterly Jun 1988 - Jun 2023
Ireland (%) 10.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Israel (%) 21.1 Sep 2023 quarterly Mar 1995 - Sep 2023
Italy (%) 16.9 Sep 2023 quarterly Mar 1980 - Sep 2023
Ivory Coast (%) 10.1 2022 yearly 1960 - 2022
Japan (%) 20.4 Mar 2023 quarterly Mar 1980 - Mar 2023
Jordan (%) 18.4 2022 yearly 1963 - 2022
Kazakhstan (%) 8.7 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.3 2022 yearly 1960 - 2022
South Korea (%) 19.4 Jun 2023 quarterly Mar 1960 - Jun 2023
Kosovo (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Kuwait (%) 25.2 2019 yearly 1962 - 2019
Kyrgyzstan (%) 17.9 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 14.0 2016 yearly 2000 - 2016
Latvia (%) 19.5 Jun 2023 quarterly Mar 1992 - Jun 2023
Lebanon (%) 15.7 2020 yearly 1990 - 2020
Lithuania (%) 14.6 Sep 2023 quarterly Mar 1993 - Sep 2023
Luxembourg (%) 18.0 Jun 2023 quarterly Mar 1995 - Jun 2023
Macau SAR, China (%) 12.4 Sep 2023 quarterly Mar 1998 - Sep 2023
North Macedonia (%) 16.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) 13.9 2019 yearly 1960 - 2019
Malaysia (%) 11.5 Sep 2023 quarterly Mar 1991 - Sep 2023
Malta (%) 15.6 Sep 2023 quarterly Mar 1992 - Sep 2023
Mauritius (%) 13.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Mexico (%) 11.3 Jun 2023 quarterly Mar 1993 - Jun 2023
Moldova (%) 13.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Mongolia (%) 20.1 Dec 2022 quarterly Mar 2010 - Dec 2022
Montenegro (%) 13.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 19.7 Jun 2023 quarterly Mar 2007 - Jun 2023
Mozambique (%) 16.7 2022 yearly 1963 - 2022
Nepal (%) 5.4 2023 yearly 1975 - 2023
Netherlands (%) 24.3 Mar 2023 quarterly Mar 1977 - Mar 2023
New Zealand (%) 21.4 Sep 2023 quarterly Jun 1987 - Sep 2023
Nigeria (%) 4.4 2022 yearly 1981 - 2022
Norway (%) 23.6 Jun 2023 quarterly Mar 1978 - Jun 2023
Oman (%) 17.9 2022 yearly 1980 - 2022
Pakistan (%) 9.7 2023 yearly 1960 - 2023
Palestinian Territory (%) 21.7 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (%) 13.7 2021 yearly 1996 - 2021
Paraguay (%) 12.0 Sep 2023 quarterly Mar 1994 - Sep 2023
Peru (%) 11.9 Sep 2023 quarterly Mar 1980 - Sep 2023
Philippines (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 18.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Portugal (%) 20.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Qatar (%) 13.1 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 15.4 Sep 2023 quarterly Mar 1995 - Sep 2023
Russia (%) 17.5 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (%) 21.8 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 16.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Singapore (%) 10.0 2022 yearly 1960 - 2022
Slovakia (%) 24.6 Dec 2022 quarterly Mar 1990 - Dec 2022
Slovenia (%) 18.9 Sep 2023 quarterly Mar 1995 - Sep 2023
South Africa (%) 19.1 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 19.2 Mar 2023 quarterly Mar 1980 - Mar 2023
Sri Lanka (%) 5.9 Mar 2023 quarterly Mar 2010 - Mar 2023
Sudan (%) 17.9 2022 yearly 1960 - 2022
Sweden (%) 25.8 Dec 2022 quarterly Mar 1980 - Dec 2022
Switzerland (%) 11.4 Jun 2023 quarterly Mar 1980 - Jun 2023
Syria (%) 10.9 2021 yearly 1963 - 2021

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Panama Key Series

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Includes 163 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.9 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -3,005.500 2022 yearly 2003 - 2022
Tax Revenue (USD mn) 927.220 Nov 2023 monthly Jan 1995 - Nov 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 47,025.4 Dec 2023 monthly Jul 2004 - Dec 2023
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 927,219.535 Nov 2023 monthly Jan 1995 - Nov 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 735,965.015 Nov 2023 monthly Jan 1995 - Nov 2023
Central Government Revenue: Current Revenue (PAB th) 1,196,921.525 Nov 2023 monthly Jan 1995 - Nov 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -976.8 Nov 2023 monthly Jan 1964 - Nov 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -76.3 Nov 2023 monthly Jan 2001 - Nov 2023
Aluminum: Exports (USD th) 1,490.770 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,027.1 Nov 2023 monthly Jan 2000 - Nov 2023
Total Imports Growth (%) -6.2 Oct 2023 monthly Jan 2001 - Oct 2023
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 12.579 Oct 2023 monthly Jan 1970 - Oct 2023
Total Imports from USA (USD mn) 244.523 Oct 2023 monthly Jan 1967 - Oct 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 162.689 Oct 2023 monthly Mar 1989 - Oct 2023
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 56.4 Jun 2023 quarterly Mar 2013 - Jun 2023
Current Account Balance (USD mn) -1,522.5 Jun 2023 quarterly Mar 1998 - Jun 2023
Current Account Balance: % of GDP (%) -8.1 Jun 2023 quarterly Mar 2007 - Jun 2023
Foreign Direct Investment (USD mn) 1,867.7 Jun 2023 quarterly Mar 1998 - Jun 2023
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment (USD mn) -3.885 Jun 2023 quarterly Mar 2013 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) -0.0 Jun 2023 quarterly Mar 2007 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2023 quarterly Mar 2013 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -3.885 Jun 2023 quarterly Mar 2013 - Jun 2023
External Debt (USD mn) 39,987.9 Dec 2023 monthly Jul 2004 - Dec 2023
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,405.204 Jun 2023 quarterly Mar 2002 - Jun 2023
BoP: Net Errors and Omissions (PAB mn) -1,257.204 Jun 2023 quarterly Mar 2013 - Jun 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -1,522.532 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Goods: Debit (PAB mn) -8,695.248 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Goods (PAB mn) -4,394.317 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Goods: Credit (PAB mn) 4,300.931 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Services: Credit (PAB mn) 4,809.870 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Services: Debit (PAB mn) -1,198.967 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Services (PAB mn) 3,610.903 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Income (PAB mn) -717.437 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Income: Debit (PAB mn) -1,580.938 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: Capital Account: Credit (PAB mn) 2.515 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: Financing: Reserve Assets (PAB mn) 873.905 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: Financial Account (FA) (PAB mn) 2,073.868 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,958.349 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -3.885 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: FA: Direct Investment (PAB mn) 1,811.370 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: Capital Account (PAB mn) 2.515 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2023 quarterly Mar 2013 - Jun 2023
BoP: CA: Income: Credit (PAB mn) 863.501 Jun 2023 quarterly Mar 2013 - Jun 2023
International Investment Position (IIP) (USD mn) -72,405.204 Jun 2023 quarterly Mar 2015 - Jun 2023
IIP: Assets (USD mn) 99,924.466 Jun 2023 quarterly Mar 2015 - Jun 2023
IIP: Liabilities (USD mn) 172,329.670 Jun 2023 quarterly Mar 2015 - Jun 2023
Foreign Direct Investment (FDI) (PAB mn) 1,867.738 Jun 2023 quarterly Mar 2013 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 6,143.7 Dec 2023 monthly Oct 1969 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 6.2 Nov 2023 monthly Jan 2000 - Nov 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Sep 1969 - Dec 2023
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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