Panama - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Panama was 16.89 as of 2020. Its highest value over the past 60 years was 21.01 in 1987, while its lowest value was 9.94 in 1961.

Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 10.44
1961 9.94
1962 10.25
1963 11.10
1964 10.06
1965 10.16
1966 11.16
1967 11.86
1968 11.79
1969 11.57
1970 13.26
1971 13.91
1972 15.92
1973 15.37
1974 16.09
1975 17.06
1976 17.55
1977 17.70
1978 17.51
1979 18.01
1980 16.79
1981 16.25
1982 18.25
1983 17.80
1984 18.87
1985 18.66
1986 19.58
1987 21.01
1988 19.95
1989 18.42
1990 17.28
1991 16.74
1992 15.17
1993 14.45
1994 14.12
1995 14.41
1996 14.30
1997 13.26
1998 13.45
1999 13.81
2000 13.99
2001 14.78
2002 15.72
2003 14.81
2004 14.43
2005 13.94
2006 13.10
2007 12.47
2008 12.07
2009 11.95
2010 12.61
2011 11.86
2012 10.86
2013 10.71
2014 10.04
2015 10.29
2016 10.97
2017 11.42
2018 11.54
2019 11.91
2020 16.89

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts