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
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 9.4 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Algeria (%) | 16.9 2023 | yearly | 1950 - 2023 |
Argentina (%) | 14.1 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Armenia (%) | 11.3 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
Australia (%) | 20.4 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
Austria (%) | 21.8 Sep 2024 | quarterly | Mar 1988 - Sep 2024 |
Azerbaijan (%) | 17.6 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
Bahrain (%) | 13.6 2022 | yearly | 1975 - 2022 |
Bangladesh (%) | 5.6 2024 | yearly | 1973 - 2024 |
Belarus (%) | 20.6 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
Belgium (%) | 24.4 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Bolivia (%) | 20.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Bosnia and Herzegovina (%) | 17.8 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Botswana (%) | 30.5 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Brazil (%) | 17.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Brunei (%) | 17.6 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
Bulgaria (%) | 20.8 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Cambodia (%) | 5.9 2022 | yearly | 1993 - 2022 |
Canada (%) | 20.6 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
Chile (%) | 14.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
China (%) | 16.5 2023 | yearly | 1952 - 2023 |
Colombia (%) | 13.5 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Croatia (%) | 19.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Cyprus (%) | 17.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Czech Republic (%) | 22.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Denmark (%) | 22.2 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Ecuador (%) | 13.7 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
Egypt (%) | 7.0 Jun 2024 | quarterly | Sep 2001 - Jun 2024 |
Estonia (%) | 19.5 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
European Union (%) | 21.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Finland (%) | 23.8 Dec 2022 | quarterly | Mar 1975 - Dec 2022 |
France (%) | 24.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Georgia (%) | 13.0 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Germany (%) | 21.8 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
Ghana (%) | 5.9 2023 | yearly | 2006 - 2023 |
Greece (%) | 16.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Hong Kong SAR, China (%) | 13.7 Dec 2022 | quarterly | Mar 1973 - Dec 2022 |
Hungary (%) | 19.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Iceland (%) | 25.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
India (%) | 10.1 Sep 2024 | quarterly | Jun 1996 - Sep 2024 |
Indonesia (%) | 9.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Iran (%) | 16.4 Mar 2024 | quarterly | Jun 1988 - Mar 2024 |
Ireland (%) | 10.1 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Israel (%) | 24.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Italy (%) | 16.5 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Ivory Coast (%) | 10.3 2023 | yearly | 1960 - 2023 |
Japan (%) | 20.4 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
Jordan (%) | 18.3 2023 | yearly | 1963 - 2023 |
Kazakhstan (%) | 8.7 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Kenya (%) | 11.9 2023 | yearly | 1960 - 2023 |
South Korea (%) | 16.6 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Kosovo (%) | 13.0 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Kuwait (%) | 20.7 2022 | yearly | 1962 - 2022 |
Kyrgyzstan (%) | 17.9 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
Laos (%) | 14.0 2016 | yearly | 2000 - 2016 |
Latvia (%) | 21.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
Lebanon (%) | 6.8 2021 | yearly | 1990 - 2021 |
Lithuania (%) | 15.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Luxembourg (%) | 18.9 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Macau SAR, China (%) | 11.3 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
North Macedonia (%) | 18.1 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Malawi (%) | 13.9 2019 | yearly | 1960 - 2019 |
Malaysia (%) | 11.4 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Malta (%) | 16.1 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
Mauritius (%) | 14.5 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Mexico (%) | 11.3 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Moldova (%) | 13.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Mongolia (%) | 20.1 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Montenegro (%) | 13.8 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
Morocco (%) | 19.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Mozambique (%) | 17.2 2023 | yearly | 1963 - 2022 |
Nepal (%) | 6.3 2024 | yearly | 1975 - 2024 |
Netherlands (%) | 24.3 Mar 2023 | quarterly | Mar 1977 - Mar 2023 |
New Zealand (%) | 23.0 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
Nigeria (%) | 4.3 2023 | yearly | 1981 - 2023 |
Norway (%) | 23.7 Sep 2024 | quarterly | Mar 1978 - Sep 2024 |
Oman (%) | 18.5 2023 | yearly | 1980 - 2023 |
Pakistan (%) | 8.7 2024 | yearly | 1960 - 2024 |
Palestinian Territory (%) | 20.9 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Panama (%) | 13.7 2021 | yearly | 1996 - 2021 |
Paraguay (%) | 12.0 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
Peru (%) | 12.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Philippines (%) | 13.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Poland (%) | 20.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Portugal (%) | 20.4 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Qatar (%) | 13.1 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
Romania (%) | 15.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Russia (%) | 17.5 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Saudi Arabia (%) | 23.7 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
Serbia (%) | 17.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Singapore (%) | 10.2 2023 | yearly | 1960 - 2023 |
Slovakia (%) | 24.6 Dec 2022 | quarterly | Mar 1990 - Dec 2022 |
Slovenia (%) | 19.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
South Africa (%) | 19.3 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Spain (%) | 19.2 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
Sri Lanka (%) | 5.9 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
Sudan (%) | 16.2 2023 | yearly | 1960 - 2023 |
Sweden (%) | 25.8 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
Switzerland (%) | 11.7 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Syria (%) | 2.7 2022 | yearly | 1963 - 2022 |
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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) | 376.798 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
Tax Revenue: % of GDP (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
National Government Debt (USD mn) | 53,809.6 Oct 2024 | monthly | Jul 2004 - Oct 2024 |
Government Debt: % of GDP (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Forecast: Government Expenditure (PAB bn) | 23.007 2029 | yearly | 1994 - 2029 |
Forecast: Government Net Debt (PAB bn) | 59.883 2029 | yearly | 1994 - 2029 |
Forecast: Government Revenue (PAB bn) | 21.105 2029 | yearly | 1994 - 2029 |
Central Government Revenue: Current Revenue: Tax (PAB th) | 376,797.799 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 150,376.752 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
Central Government Revenue: Current Revenue (PAB th) | 509,360.329 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
Public Debt: Domestic (USD mn) | 9,723.943 Oct 2024 | monthly | Jul 2004 - Oct 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -1,259.9 Oct 2024 | monthly | Jan 1964 - Oct 2024 |
Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
Total Exports Growth (%) | -71.9 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Aluminum: Exports (USD th) | 6,067.531 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 329,464.345 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 10,079.101 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 1,349.5 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Total Imports Growth (%) | 8.2 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Imports: Medicament (USD th) | 1,071,085.390 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 333,744.579 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 15.472 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
Total Imports from USA (USD mn) | 212.491 Aug 2024 | monthly | Jan 1967 - Aug 2024 |
Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
Total Imports from China (USD mn) | 233.776 Aug 2024 | monthly | Mar 1989 - Aug 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 |
Import Value Index (2015=100) | 91.522 2021 | yearly | 1981 - 2021 |
Export Value Index (2015=100) | 115.979 2021 | yearly | 1981 - 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 94.7 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Current Account Balance (USD mn) | 434.7 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
Current Account Balance: % of GDP (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Foreign Direct Investment (USD mn) | 731.9 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
Foreign Direct Investment: % of GDP (%) | 3.8 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | 0.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
External Debt (USD mn) | 44,085.7 Oct 2024 | monthly | Jul 2004 - Oct 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) | -2.904 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | -74,373.797 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
BoP: Net Errors and Omissions (PAB mn) | -1,074.780 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Balance of Payment (BoP): Current Account (CA) (PAB mn) | 434.679 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Goods (PAB mn) | -2,641.439 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Income (PAB mn) | -699.429 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Services: Debit (PAB mn) | -1,204.292 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Income: Credit (PAB mn) | 1,040.920 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: Capital Account: Debit (PAB mn) | 0.000 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: Financial Account (FA) (PAB mn) | -1,712.281 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: Capital Account (PAB mn) | 2.490 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: Financing: Reserve Assets (PAB mn) | 2,511.505 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Goods: Credit (PAB mn) | 3,860.024 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Income: Debit (PAB mn) | -1,740.348 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: Capital Account: Credit (PAB mn) | 2.490 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Goods: Debit (PAB mn) | -6,501.463 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Services (PAB mn) | 3,793.233 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: FA: Direct Investment (PAB mn) | 637.235 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: FA: Portfolio Investment: Assets (PAB mn) | -1,071.876 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
BoP: CA: Services: Credit (PAB mn) | 4,997.525 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
International Investment Position (IIP) (USD mn) | -74,373.797 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
IIP: Assets (USD mn) | 104,112.057 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
IIP: Liabilities (USD mn) | 178,485.854 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
Foreign Direct Investment (FDI) (PAB mn) | 731.906 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.6 Oct 2024 | monthly | Dec 2008 - Oct 2024 |
Household Debt: % of GDP (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Non-Performing Loans (USD mn) | 1,559.690 Oct 2024 | monthly | Dec 2008 - Oct 2024 |
Money Supply M1 (USD mn) | 8,749.080 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
Money Supply M2 (USD mn) | 41,290.250 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
M2 Growth (%) | 8.7 Jul 2024 | monthly | Dec 2003 - Jul 2024 |
Foreign Exchange Reserves (USD mn) | 5,684.4 Oct 2024 | monthly | Oct 1969 - Oct 2024 |
Foreign Exchange Reserves: % of GDP (%) | 5.697 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 4.2 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
Total Deposits (USD mn) | 107,351.873 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
Total Deposits Growth (%) | 6.8 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
Domestic Credit (USD mn) | 64,079.3 Oct 2024 | monthly | Dec 2001 - Oct 2024 |
Domestic Credit Growth (%) | 5.8 Oct 2024 | monthly | Dec 2002 - Oct 2024 |
Household Debt (USD mn) | 32,710.8 Oct 2024 | monthly | Oct 2005 - Oct 2024 |
Total Loans (USD mn) | 96,404.929 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
Total Loans Growth (%) | 8.77 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
Private Debt: % of Nominal GDP (%) | 69.77 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Money Supply: M3 (PAB mn) | 41,290.250 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
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