Panama Public Consumption: % of GDP

1996 - 2021 | Yearly | % | CEIC Data

Key information about Panama Public Consumption: % of GDP

  • Panama Public Consumption accounted for 15.5 % of its Nominal GDP in Dec 2021, compared with a share of 16.9 % 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 16.9 % in Dec 2020 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 2007 is based on previous 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 34.9 % in Dec 2021.
  • For Nominal GDP contributions, Investment accounted for 25.5 % in Dec 2021.
  • Private Consumption accounted for 49.5 % 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 15.5 % of its Nominal GDP in Dec 2021, compared with a share of 16.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
15.5 2021 16.9 2020 10.0 2014 16.9 2020 % 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 (%) 17.4 2021 yearly 1950 - 2021
Argentina (%) 14.8 Sep 2022 quarterly Mar 1993 - Sep 2022
Armenia (%) 14.7 Sep 2022 quarterly Dec 1994 - Sep 2022
Australia (%) 21.2 Sep 2022 quarterly Sep 1959 - Sep 2022
Austria (%) 19.5 Sep 2022 quarterly Mar 1988 - Sep 2022
Azerbaijan (%) 9.6 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 17.1 2020 yearly 1975 - 2020
Bangladesh (%) 5.7 2022 yearly 1973 - 2022
Belarus (%) 14.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Belgium (%) 23.1 Sep 2022 quarterly Mar 1980 - Sep 2022
Bolivia (%) 19.9 Jun 2022 quarterly Mar 1990 - Jun 2022
Bosnia and Herzegovina (%) 18.1 Sep 2022 quarterly Mar 2008 - Sep 2022
Botswana (%) 28.9 Sep 2022 quarterly Mar 2006 - Sep 2022
Brazil (%) 17.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Brunei (%) 17.6 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 15.7 Sep 2022 quarterly Mar 1995 - Sep 2022
Cambodia (%) 7.6 2021 yearly 1993 - 2021
Canada (%) 19.6 Sep 2022 quarterly Mar 1961 - Sep 2022
Chile (%) 14.6 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 16.0 2021 yearly 1952 - 2021
Colombia (%) 14.0 Sep 2022 quarterly Mar 2005 - Sep 2022
Croatia (%) 17.0 Sep 2022 quarterly Mar 1995 - Sep 2022
Cyprus (%) 17.2 Sep 2022 quarterly Mar 1995 - Sep 2022
Czech Republic (%) 18.8 Sep 2022 quarterly Mar 1995 - Sep 2022
Denmark (%) 21.3 Sep 2022 quarterly Mar 1990 - Sep 2022
Ecuador (%) 15.0 Sep 2022 quarterly Mar 1991 - Sep 2022
Egypt (%) 8.3 Jun 2022 quarterly Sep 2001 - Jun 2022
Estonia (%) 18.1 Sep 2022 quarterly Mar 1993 - Sep 2022
European Union (%) 20.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Finland (%) 23.1 Sep 2022 quarterly Mar 1975 - Sep 2022
France (%) 23.8 Sep 2022 quarterly Mar 1980 - Sep 2022
Georgia (%) 11.1 Sep 2022 quarterly Mar 1996 - Sep 2022
Germany (%) 21.5 Sep 2022 quarterly Mar 1991 - Sep 2022
Ghana (%) 10.5 2021 yearly 2006 - 2021
Greece (%) 17.7 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (%) 13.4 Sep 2022 quarterly Mar 1973 - Sep 2022
Hungary (%) 18.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Iceland (%) 24.4 Sep 2022 quarterly Mar 1995 - Sep 2022
India (%) 9.2 Sep 2022 quarterly Jun 1996 - Sep 2022
Indonesia (%) 7.6 Sep 2022 quarterly Mar 1993 - Sep 2022
Iran (%) 18.0 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 8.6 Sep 2022 quarterly Mar 1995 - Sep 2022
Israel (%) 20.8 Sep 2022 quarterly Mar 1995 - Sep 2022
Italy (%) 17.6 Sep 2022 quarterly Mar 1980 - Sep 2022
Ivory Coast (%) 10.9 2021 yearly 1960 - 2021
Japan (%) 21.0 Sep 2022 quarterly Mar 1980 - Sep 2022
Jordan (%) 19.3 2021 yearly 1963 - 2021
Kazakhstan (%) 15.2 Jun 2022 quarterly Mar 1994 - Jun 2022
Kenya (%) 12.1 2021 yearly 1960 - 2021
South Korea (%) 17.8 Sep 2022 quarterly Mar 1960 - Sep 2022
Kosovo (%) 9.2 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 25.2 2019 yearly 1962 - 2019
Kyrgyzstan (%) 24.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Laos (%) 14.0 2016 yearly 2000 - 2016
Latvia (%) 16.8 Sep 2022 quarterly Mar 1992 - Sep 2022
Lebanon (%) 15.7 2020 yearly 1990 - 2020
Lithuania (%) 13.3 Sep 2022 quarterly Mar 1993 - Sep 2022
Luxembourg (%) 16.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 39.7 Sep 2022 quarterly Mar 1998 - Sep 2022
North Macedonia (%) 15.4 Sep 2022 quarterly Mar 2000 - Sep 2022
Malawi (%) 13.9 2019 yearly 1960 - 2019
Malaysia (%) 11.0 Sep 2022 quarterly Mar 1991 - Sep 2022
Malta (%) 17.0 Sep 2022 quarterly Mar 1992 - Sep 2022
Mauritius (%) 14.6 Sep 2022 quarterly Mar 1999 - Sep 2022
Mexico (%) 11.3 Sep 2022 quarterly Mar 1993 - Sep 2022
Moldova (%) 12.6 Sep 2022 quarterly Mar 1995 - Sep 2022
Mongolia (%) 8.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Montenegro (%) 13.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 17.8 Sep 2022 quarterly Mar 2007 - Sep 2022
Mozambique (%) 19.0 2021 yearly 1963 - 2021
Nepal (%) 8.2 2022 yearly 1975 - 2022
Netherlands (%) 24.7 Sep 2022 quarterly Mar 1977 - Sep 2022
New Zealand (%) 21.0 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 5.1 2021 yearly 1981 - 2021
Norway (%) 16.5 Sep 2022 quarterly Mar 1978 - Sep 2022
Oman (%) 26.6 2020 yearly 1980 - 2020
Pakistan (%) 10.1 2022 yearly 1960 - 2022
Palestinian Territory (%) 20.1 Sep 2022 quarterly Mar 2011 - Sep 2022
Panama (%) 15.5 2021 yearly 1996 - 2021
Paraguay (%) 11.0 Sep 2022 quarterly Mar 1994 - Sep 2022
Peru (%) 11.9 Sep 2022 quarterly Mar 1980 - Sep 2022
Philippines (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 17.6 Sep 2022 quarterly Mar 1995 - Sep 2022
Portugal (%) 16.4 Sep 2022 quarterly Mar 1995 - Sep 2022
Qatar (%) 12.0 Jun 2022 quarterly Mar 2013 - Jun 2022
Romania (%) 14.0 Sep 2022 quarterly Mar 1995 - Sep 2022
Russia (%) 18.0 Sep 2022 quarterly Mar 1993 - Sep 2022
Saudi Arabia (%) 19.1 Sep 2022 quarterly Mar 2003 - Sep 2022
Serbia (%) 14.9 Sep 2022 quarterly Mar 1995 - Sep 2022
Singapore (%) 11.5 2021 yearly 1960 - 2021
Slovakia (%) 19.5 Sep 2022 quarterly Mar 1990 - Sep 2022
Slovenia (%) 17.7 Sep 2022 quarterly Mar 1995 - Sep 2022
South Africa (%) 19.2 Sep 2022 quarterly Mar 1960 - Sep 2022
Spain (%) 19.0 Sep 2022 quarterly Mar 1980 - Sep 2022
Sri Lanka (%) 7.3 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 11.0 2021 yearly 1960 - 2021
Sweden (%) 25.5 Sep 2022 quarterly Mar 1980 - Sep 2022
Switzerland (%) 11.9 Sep 2022 quarterly Mar 1980 - Sep 2022
Syria (%) 11.5 2020 yearly 1963 - 2020

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Panama Key Series

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Includes 180 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 (%) -5.5 2021 yearly 2003 - 2021
Consolidated Fiscal Balance (USD mn) -3,522.800 2021 yearly 2003 - 2021
Tax Revenue (USD mn) 566.943 Sep 2022 monthly Jan 1995 - Sep 2022
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 44,274.0 Dec 2022 monthly Jul 2004 - Dec 2022
Government Debt: % of GDP (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Forecast: Government Expenditure (PAB bn) 22.307 2027 yearly 1994 - 2027
Forecast: Government Net Debt (PAB bn) 50.254 2027 yearly 1994 - 2027
Forecast: Government Revenue (PAB bn) 20.797 2027 yearly 1994 - 2027
Central Government Revenue: Current Revenue (PAB th) 697,331.162 Sep 2022 monthly Jan 1995 - Sep 2022
Central Government Revenue: Current Revenue: Tax (PAB th) 566,943.148 Sep 2022 monthly Jan 1995 - Sep 2022
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 165,421.781 Jul 2022 monthly Jan 1995 - Jul 2022
Central Government Operations: Total Expenditure (PAB th) 14,982,531.373 2021 yearly 2000 - 2021
CGO: Expenditure: Current (USD mn) 8,921.000 2021 yearly 1993 - 2021
CGO: Expenditure: Capital (USD mn) 2,877.800 2021 yearly 1993 - 2021
CGO: Overall Balance, Accrual Basis (USD mn) -4,007.800 2021 yearly 1993 - 2021
Public Debt: Domestic (USD mn) 7,421.403 Dec 2022 monthly Jul 2004 - Dec 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.974 2027 yearly 1980 - 2027
Trade Balance (USD mn) -941.5 Sep 2022 monthly Jan 1964 - Sep 2022
Total Exports (USD mn) 346.3 Sep 2022 monthly Jan 2000 - Sep 2022
Total Exports Growth (%) 8.8 Sep 2022 monthly Jan 2001 - Sep 2022
Aluminum: Exports (USD th) 1,874.582 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 320,569.927 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 145,066.287 2021 yearly 1995 - 2021
Total Imports (USD mn) 1,287.8 Sep 2022 monthly Jan 2000 - Sep 2022
Total Imports Growth (%) 25.5 Sep 2022 monthly Jan 2001 - Sep 2022
Imports: Medicament (USD th) 1,131,885.680 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 157,218.886 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 18.376 Sep 2022 monthly Jan 1970 - Sep 2022
Total Imports from USA (USD mn) 341.604 Sep 2022 monthly Jan 1967 - Sep 2022
Total Exports to China (USD mn) 370.063 2020 yearly 1999 - 2020
Total Imports from China (USD mn) 164.821 Sep 2022 monthly Mar 1989 - Sep 2022
Exports: FOB: Prawn (PAB th) 4,767.414 Jul 2022 monthly Jan 2000 - Jul 2022
Exports: FOB: Asia: Rest of Asia: China (PAB th) 370,063.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: Mexico (PAB th) 20,957.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 136,247.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 19,716.000 2020 yearly 1999 - 2020
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: ASEAN: Thailand (PAB th) 68,032.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: China (PAB th) 851,030.000 2020 yearly 1999 - 2020
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 123,450.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 35,242.000 2020 yearly 1999 - 2020
Imports: CIF: America: NAFTA: USA (PAB th) 2,070,087.000 2020 yearly 1999 - 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -31.1 Mar 2022 quarterly Mar 2013 - Mar 2022
Current Account Balance (USD mn) -292.6 Mar 2022 quarterly Mar 1998 - Mar 2022
Current Account Balance: % of GDP (%) -1.7 Mar 2022 quarterly Mar 2007 - Mar 2022
Foreign Direct Investment (USD mn) 716.1 Mar 2022 quarterly Mar 1998 - Mar 2022
Foreign Direct Investment: % of GDP (%) 4.1 Mar 2022 quarterly Mar 2007 - Mar 2022
Foreign Portfolio Investment (USD mn) 2,500.336 Mar 2022 quarterly Mar 2013 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 14.2 Mar 2022 quarterly Mar 2007 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2022 quarterly Mar 2013 - Mar 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 2,500.336 Mar 2022 quarterly Mar 2013 - Mar 2022
External Debt (USD mn) 36,852.6 Dec 2022 monthly Jul 2004 - Dec 2022
External Debt: % of GDP (%) 177.4 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 (%) 62.5 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.462 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -69,051.398 Mar 2022 quarterly Mar 2002 - Mar 2022
BoP: CA: Goods: Credit (PAB mn) 4,343.495 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Income (PAB mn) -944.264 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,500.336 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Net Errors and Omissions (PAB mn) -2,327.216 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Goods: Debit (PAB mn) -6,283.468 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Income: Credit (PAB mn) 459.798 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Financing: Reserve Assets (PAB mn) -804.563 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Services (PAB mn) 2,547.918 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Income: Debit (PAB mn) -1,404.061 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Financial Account (FA) (PAB mn) 3,242.985 Mar 2022 quarterly Mar 2013 - Mar 2022
Balance of Payment (BoP): Current Account (CA) (PAB mn) -292.561 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Services: Credit (PAB mn) 3,905.096 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Capital Account (PAB mn) 1.078 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: FA: Direct Investment (PAB mn) 747.215 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Goods (PAB mn) -1,939.973 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: CA: Services: Debit (PAB mn) -1,357.178 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: Capital Account: Credit (PAB mn) 1.078 Mar 2022 quarterly Mar 2013 - Mar 2022
BoP: FA: Portfolio Investment: Assets (PAB mn) -367.379 Mar 2022 quarterly Mar 2013 - Mar 2022
International Investment Position (IIP) (USD mn) -69,051.398 Mar 2022 quarterly Mar 2015 - Mar 2022
IIP: Assets (USD mn) 84,930.540 Mar 2022 quarterly Mar 2015 - Mar 2022
IIP: Liabilities (USD mn) 153,981.938 Mar 2022 quarterly Mar 2015 - Mar 2022
Foreign Direct Investment (FDI) (PAB mn) 716.082 Mar 2022 quarterly Mar 2013 - Mar 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Nov 2022 monthly Dec 2008 - Nov 2022
Household Debt: % of GDP (%) 42.6 Sep 2022 quarterly Dec 2007 - Sep 2022
Non-Performing Loans (USD mn) 1,446.154 Nov 2022 monthly Dec 2008 - Nov 2022
Money Supply M1 (USD mn) 8,973.450 Nov 2022 monthly Dec 2002 - Nov 2022
Money Supply M2 (USD mn) 37,803.700 Nov 2022 monthly Dec 2002 - Nov 2022
M2 Growth (%) 1.3 Nov 2022 monthly Dec 2003 - Nov 2022
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 12.674 Sep 2021 quarterly Dec 2007 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 98,848.758 Nov 2022 monthly Dec 1998 - Nov 2022
Total Deposits Growth (%) 1.8 Nov 2022 monthly Dec 1999 - Nov 2022
Domestic Credit (USD mn) 58,923.6 Nov 2022 monthly Dec 2001 - Nov 2022
Domestic Credit Growth (%) 6.4 Nov 2022 monthly Dec 2002 - Nov 2022
Household Debt (USD mn) 30,047.4 Nov 2022 monthly Oct 2005 - Nov 2022
Total Loans (USD mn) 86,209.376 Nov 2022 monthly Dec 1998 - Nov 2022
Total Loans Growth (%) 12.36 Nov 2022 monthly Dec 1999 - Nov 2022
Private Debt: % of Nominal GDP (%) 78.23 Sep 2022 quarterly Dec 2007 - Sep 2022
Money Supply: M3 (PAB mn) 37,803.700 Nov 2022 monthly Dec 2002 - Nov 2022

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