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Panama GDP consumption % 2026: Interactive Chart & Historical Data

GDP consumption % in Panama stood at 61.42% in 2024, according to World Bank. The latest value is up 1.83 percentage points from 59.6% in 2023. Ten years earlier, in 2014, the value was 61.62% (down 0.19 percentage points since). The highest value since 1960 was 94.78% in 1989, the lowest 59.54% in 2015. Panama ranked 155th highest of the 170 countries in this dataset in 2024; Kiribati ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1960–2025
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What is GDP consumption %?

GDP consumption %, measured in %, measures the total economic output of Panama. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Panama, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.

Key facts

What is the latest GDP consumption % in Panama?

GDP consumption % in Panama stood at 61.42% in 2024, according to World Bank.

Is GDP consumption % in Panama rising or falling?

The latest value is up 1.83 percentage points from 59.6% in 2023. Ten years earlier, in 2014, the value was 61.62% (down 0.19 percentage points since).

How does Panama rank for GDP consumption %?

Panama ranked 155th highest of the 170 countries in this dataset in 2024; Kiribati ranked first.

What is the highest GDP consumption % on record in Panama?

The highest value since 1960 was 94.78% in 1989, the lowest 59.54% in 2015.

Metadata for GDP consumption % in Panama
IndicatorGDP consumption %
CountryPanama
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

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Source:World Bank — series NE.CON.TOTL.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). GDP consumption % — Panama [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/gdp-consumption-percent/PAN. Original source: https://data.worldbank.org/indicator/NE.CON.TOTL.ZS

MLA

World Bank. "GDP consumption % — Panama." EconDash, 2026, https://econdash.org/chart/gdp-consumption-percent/PAN. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NE.CON.TOTL.ZS.

Chicago

World Bank. 2026. "GDP consumption % — Panama." EconDash. Accessed November 13, 2026. https://econdash.org/chart/gdp-consumption-percent/PAN. Original source: https://data.worldbank.org/indicator/NE.CON.TOTL.ZS.

BibTeX
@misc{econdash_gdp_consumption_percent_pan,
  author = {{World Bank}},
  title = {{GDP consumption \% --- Panama}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/gdp-consumption-percent/PAN},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NE.CON.TOTL.ZS}
}