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 (%) 15.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Armenia (%) 16.1 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 20.4 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 20.7 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 16.4 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 15.8 2021 yearly 1975 - 2021
Bangladesh (%) 5.7 2022 yearly 1973 - 2022
Belarus (%) 18.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Belgium (%) 24.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 20.7 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 20.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Botswana (%) 31.8 Dec 2023 quarterly Mar 2006 - Dec 2023
Brazil (%) 21.0 Dec 2023 quarterly Mar 1996 - Dec 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 (%) 21.2 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 15.7 Dec 2023 quarterly Mar 1996 - Dec 2023
China (%) 15.9 2021 yearly 1952 - 2021
Colombia (%) 18.2 Dec 2023 quarterly Mar 2005 - Dec 2023
Croatia (%) 24.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 22.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 22.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 22.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 13.3 Dec 2023 quarterly Mar 1991 - Dec 2023
Egypt (%) 6.0 Dec 2023 quarterly Sep 2001 - Dec 2023
Estonia (%) 23.5 Dec 2023 quarterly Mar 1993 - Dec 2023
European Union (%) 22.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Finland (%) 23.8 Dec 2022 quarterly Mar 1975 - Dec 2022
France (%) 23.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Georgia (%) 12.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 22.6 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 5.9 2023 yearly 2006 - 2023
Greece (%) 21.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Hong Kong SAR, China (%) 13.7 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (%) 19.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 27.5 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 8.5 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 9.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (%) 10.7 Sep 2023 quarterly Jun 1988 - Sep 2023
Ireland (%) 11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 26.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 19.6 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) 9.6 2023 yearly 1960 - 2023
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 (%) 17.6 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Kuwait (%) 24.8 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 (%) 20.0 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 22.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 14.6 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 17.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) 13.9 2019 yearly 1960 - 2019
Malaysia (%) 14.5 Dec 2023 quarterly Mar 1991 - Dec 2023
Malta (%) 18.8 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 12.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Mexico (%) 10.9 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 18.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) 20.1 Dec 2022 quarterly Mar 2010 - Dec 2022
Montenegro (%) 13.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 18.4 Dec 2023 quarterly Mar 2007 - Dec 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 (%) 20.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 4.4 2022 yearly 1981 - 2022
Norway (%) 21.4 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 17.9 2022 yearly 1980 - 2022
Pakistan (%) 9.7 2023 yearly 1960 - 2023
Palestinian Territory (%) 20.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Panama (%) 13.7 2021 yearly 1996 - 2021
Paraguay (%) 13.6 Dec 2023 quarterly Mar 1994 - Dec 2023
Peru (%) 14.9 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 20.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Portugal (%) 20.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Qatar (%) 13.1 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 16.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 17.5 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (%) 27.6 Dec 2023 quarterly Mar 2003 - Dec 2023
Serbia (%) 16.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Singapore (%) 10.2 2023 yearly 1960 - 2023
Slovakia (%) 24.6 Dec 2022 quarterly Mar 1990 - Dec 2022
Slovenia (%) 19.8 Dec 2023 quarterly Mar 1995 - Dec 2023
South Africa (%) 19.8 Dec 2023 quarterly Mar 1960 - Dec 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 Dec 2023 quarterly Mar 1980 - Dec 2023
Syria (%) 10.9 2021 yearly 1963 - 2021

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Panama Key Series

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Includes 164 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 (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 402.772 Jan 2024 monthly Jan 1995 - Jan 2024
Tax Revenue: % of GDP (%) 9.6 Dec 2023 quarterly Mar 2007 - Dec 2023
National Government Debt (USD mn) 49,808.0 Feb 2024 monthly Jul 2004 - Feb 2024
Government Debt: % of GDP (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 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) 402,771.625 Jan 2024 monthly Jan 1995 - Jan 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 183,964.393 Jan 2024 monthly Jan 1995 - Jan 2024
Central Government Revenue: Current Revenue (PAB th) 493,810.833 Jan 2024 monthly Jan 1995 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,031.9 Jan 2024 monthly Jan 1964 - Jan 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -75.7 Jan 2024 monthly Jan 2001 - Jan 2024
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) 1,094.8 Jan 2024 monthly Jan 2000 - Jan 2024
Total Imports Growth (%) -4.5 Jan 2024 monthly Jan 2001 - Jan 2024
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) 17.278 Dec 2023 monthly Jan 1970 - Dec 2023
Total Imports from USA (USD mn) 182.677 Dec 2023 monthly Jan 1967 - Dec 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 146.475 Dec 2023 monthly Mar 1989 - Dec 2023
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 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) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 42,844.3 Feb 2024 monthly Jul 2004 - Feb 2024
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) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Feb 2024 monthly Dec 2008 - Feb 2024
Household Debt: % of GDP (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Non-Performing Loans (USD mn) 1,686.854 Feb 2024 monthly Dec 2008 - Feb 2024
Money Supply M1 (USD mn) 9,318.060 Dec 2023 monthly Dec 2002 - Dec 2023
Money Supply M2 (USD mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
M2 Growth (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 2023
Foreign Exchange Reserves (USD mn) 8,144.7 Feb 2024 monthly Oct 1969 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 7.368 Dec 2023 quarterly Dec 2007 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 5.0 Jan 2024 monthly Jan 2000 - Jan 2024
Gold Reserves (USD mn) 0.000 Feb 2024 monthly Sep 1969 - Feb 2024
Total Deposits (USD mn) 104,069.234 Jan 2024 monthly Dec 1998 - Jan 2024
Total Deposits Growth (%) 9.0 Feb 2024 monthly Dec 1999 - Feb 2024
Domestic Credit (USD mn) 61,225.8 Feb 2024 monthly Dec 2001 - Feb 2024
Domestic Credit Growth (%) 4.7 Feb 2024 monthly Dec 2002 - Feb 2024
Household Debt (USD mn) 32,052.6 Feb 2024 monthly Oct 2005 - Feb 2024
Total Loans (USD mn) 90,529.510 Jan 2024 monthly Dec 1998 - Jan 2024
Total Loans Growth (%) 5.98 Feb 2024 monthly Dec 1999 - Feb 2024
Private Debt: % of Nominal GDP (%) 68.65 Dec 2023 quarterly Dec 2007 - Dec 2023
Money Supply: M3 (PAB mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
LC: National Banking System: Private Sector: Mortgage (PAB mn) 20,690.512 Feb 2024 monthly Dec 2002 - Feb 2024

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