Panama: Household consumption, in dollars

The latest value from 2024 is 42.41 billion U.S. dollars, an increase from 39.67 billion U.S. dollars in 2023. In comparison, the world average is 376.82 billion U.S. dollars, based on data from 163 countries. Historically, the average for Panama from 1960 to 2024 is 10.27 billion U.S. dollars. The minimum value, 0.37 billion U.S. dollars, was reached in 1960 while the maximum of 42.41 billion U.S. dollars was recorded in 2024. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.