Panama Public Consumption: % of GDP
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:
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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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 9.4 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Algeria (%) | 16.9 2023 | yearly | 1950 - 2023 |
Argentina (%) | 15.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Armenia (%) | 8.9 Mar 2024 | quarterly | Dec 1994 - Mar 2024 |
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 (%) | 5.6 2024 | yearly | 1973 - 2024 |
Belarus (%) | 18.9 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Belgium (%) | 24.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Bolivia (%) | 21.5 Dec 2023 | quarterly | Mar 1990 - Dec 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 (%) | 14.5 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
China (%) | 15.9 2021 | yearly | 1952 - 2021 |
Colombia (%) | 12.4 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Croatia (%) | 23.4 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
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 (%) | 22.9 Mar 2024 | quarterly | Mar 1980 - Mar 2024 |
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 (%) | 26.6 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 (%) | 22.8 Dec 2023 | quarterly | Mar 1992 - Dec 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 (%) | 11.2 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
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 (%) | 6.3 2024 | yearly | 1975 - 2024 |
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 (%) | 23.0 Mar 2024 | quarterly | Mar 1978 - Mar 2024 |
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 (%) | 20.4 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 (%) | 21.0 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
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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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) | 284.531 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Tax Revenue: % of GDP (%) | 9.6 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
National Government Debt (USD mn) | 50,541.6 Apr 2024 | monthly | Jul 2004 - Apr 2024 |
Government Debt: % of GDP (%) | 56.4 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
Forecast: Government Expenditure (PAB bn) | 22.672 2029 | yearly | 1994 - 2029 |
Forecast: Government Net Debt (PAB bn) | 53.964 2028 | yearly | 1994 - 2028 |
Forecast: Government Revenue (PAB bn) | 20.911 2029 | yearly | 1994 - 2029 |
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 103,975.899 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Central Government Revenue: Current Revenue: Tax (PAB th) | 284,531.441 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Central Government Revenue: Current Revenue (PAB th) | 483,346.123 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Public Debt: Domestic (USD mn) | 7,523.696 Apr 2024 | monthly | Jul 2004 - Apr 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -1,081.5 Mar 2024 | monthly | Jan 1964 - Mar 2024 |
Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
Total Exports Growth (%) | -82.8 Mar 2024 | monthly | Jan 2001 - Mar 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) | 1,146.8 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Total Imports Growth (%) | -15.3 Mar 2024 | monthly | Jan 2001 - Mar 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) | 9.601 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
Total Imports from USA (USD mn) | 163.543 Jan 2024 | monthly | Jan 1967 - Jan 2024 |
Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
Total Imports from China (USD mn) | 131.133 Jan 2024 | monthly | Mar 1989 - Jan 2024 |
Exports: FOB: Prawn (PAB th) | 6,414.853 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Exports: FOB: Banana (PAB th) | 10,015.729 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Exports: FOB: Seafood Products (PAB th) | 5,052.523 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Exports: FOB (PAB th) | 65,314.055 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Exports: FOB: America: NAFTA: Mexico (PAB th) | 30,335.000 2021 | yearly | 1999 - 2021 |
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) | 150.6 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Current Account Balance (USD mn) | -4,356.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Current Account Balance: % of GDP (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Foreign Direct Investment (USD mn) | 779.1 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | 3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Foreign Portfolio Investment (USD mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | 5.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
External Debt (USD mn) | 43,017.9 Apr 2024 | monthly | Jul 2004 - Apr 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) | -72,069.421 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: Net Errors and Omissions (PAB mn) | 4,238.808 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Balance of Payment (BoP): Current Account (CA) (PAB mn) | -4,356.507 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Goods (PAB mn) | -6,856.914 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Goods: Credit (PAB mn) | 3,968.015 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Goods: Debit (PAB mn) | -10,824.928 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Services: Credit (PAB mn) | 4,899.518 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Services (PAB mn) | 3,312.902 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Services: Debit (PAB mn) | -1,586.616 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Income: Credit (PAB mn) | 1,015.783 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Income (PAB mn) | -751.392 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: CA: Income: Debit (PAB mn) | -1,767.175 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: Capital Account (PAB mn) | 2.055 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: Capital Account: Debit (PAB mn) | 0.000 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: Capital Account: Credit (PAB mn) | 2.055 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: Financing: Reserve Assets (PAB mn) | -2,018.107 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: Financial Account (FA) (PAB mn) | 1,689.751 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: FA: Portfolio Investment: Assets (PAB mn) | 772.109 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: FA: Direct Investment (PAB mn) | 628.537 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
International Investment Position (IIP) (USD mn) | -72,069.421 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
IIP: Assets (USD mn) | 102,675.995 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
IIP: Liabilities (USD mn) | 174,745.416 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
Foreign Direct Investment (FDI) (PAB mn) | 779.107 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.9 Mar 2024 | monthly | Dec 2008 - Mar 2024 |
Household Debt: % of GDP (%) | 38.0 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
Non-Performing Loans (USD mn) | 1,740.361 Mar 2024 | monthly | Dec 2008 - Mar 2024 |
Money Supply M1 (USD mn) | 8,918.380 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Money Supply M2 (USD mn) | 39,889.320 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
M2 Growth (%) | 4.5 Mar 2024 | monthly | Dec 2003 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 7,338.0 Mar 2024 | monthly | Oct 1969 - Mar 2024 |
Foreign Exchange Reserves: % of GDP (%) | 7.368 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 6.4 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
Total Deposits (USD mn) | 106,373.899 Mar 2024 | monthly | Dec 1998 - Mar 2024 |
Total Deposits Growth (%) | 6.0 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
Domestic Credit (USD mn) | 61,380.4 Mar 2024 | monthly | Dec 2001 - Mar 2024 |
Domestic Credit Growth (%) | 5.0 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Household Debt (USD mn) | 32,043.7 Mar 2024 | monthly | Oct 2005 - Mar 2024 |
Total Loans (USD mn) | 91,334.462 Mar 2024 | monthly | Dec 1998 - Mar 2024 |
Total Loans Growth (%) | 5.01 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 68.65 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
Money Supply: M3 (PAB mn) | 39,889.320 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
LC: National Banking System: Private Sector: Mortgage (PAB mn) | 20,735.868 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
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