Energy use (kg of oil equivalent) per $1,000 GDP in Panama
Panama: Energy use (kg of oil equivalent) per $1,000 GDP was 28.43 constant 2021 PPP in 2023. ▼ Falling
Energy use (kg of oil equivalent) per $1,000 GDP in Panama, 1990–2023
Source: IEA Energy Statistics Data Browser, International Energy Agency (IEA). Measured in constant 2021 PPP.
Analysis
In 2023, energy use (kg of oil equivalent) per $1,000 gdp in Panama stood at 28.43 constant 2021 PPP. That is the lowest value across all 34 years on record.
The figure is down 9.3% on the previous year and down 20.2% over ten years.
Over the whole period, energy use (kg of oil equivalent) per $1,000 gdp in Panama peaked at 63.94 constant 2021 PPP in 1998 and was at its lowest, 28.43 constant 2021 PPP, in 2023.
That places Panama 164th out of 168 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Energy use (kg of oil equivalent) per $1,000 GDP in Panama, year by year
| Year | constant 2021 PPP | Change |
|---|---|---|
| 1990 | 58.66 constant 2021 PPP | — |
| 1991 | 58.15 constant 2021 PPP | -0.9% |
| 1992 | 61.31 constant 2021 PPP | +5.4% |
| 1993 | 58.97 constant 2021 PPP | -3.8% |
| 1994 | 60.39 constant 2021 PPP | +2.4% |
| 1995 | 60.25 constant 2021 PPP | -0.2% |
| 1996 | 61.86 constant 2021 PPP | +2.7% |
| 1997 | 59.71 constant 2021 PPP | -3.5% |
| 1998 | 63.94 constant 2021 PPP | +7.1% |
| 1999 | 59.9 constant 2021 PPP | -6.3% |
| 2000 | 54.27 constant 2021 PPP | -9.4% |
| 2001 | 61.49 constant 2021 PPP | +13.3% |
| 2002 | 54.52 constant 2021 PPP | -11.3% |
| 2003 | 51.77 constant 2021 PPP | -5.0% |
| 2004 | 47.62 constant 2021 PPP | -8.0% |
| 2005 | 49.72 constant 2021 PPP | +4.4% |
| 2006 | 48.08 constant 2021 PPP | -3.3% |
| 2007 | 42.46 constant 2021 PPP | -11.7% |
| 2008 | 36.89 constant 2021 PPP | -13.1% |
| 2009 | 39.94 constant 2021 PPP | +8.3% |
| 2010 | 41.7 constant 2021 PPP | +4.4% |
| 2011 | 41.51 constant 2021 PPP | -0.5% |
| 2012 | 39.09 constant 2021 PPP | -5.8% |
| 2013 | 35.63 constant 2021 PPP | -8.9% |
| 2014 | 35.77 constant 2021 PPP | +0.4% |
| 2015 | 34.24 constant 2021 PPP | -4.3% |
| 2016 | 33.99 constant 2021 PPP | -0.7% |
| 2017 | 32.39 constant 2021 PPP | -4.7% |
| 2018 | 31.41 constant 2021 PPP | -3.0% |
| 2019 | 35.06 constant 2021 PPP | +11.6% |
| 2020 | 34.82 constant 2021 PPP | -0.7% |
| 2021 | 33.41 constant 2021 PPP | -4.1% |
| 2022 | 31.33 constant 2021 PPP | -6.2% |
| 2023 | 28.43 constant 2021 PPP | -9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 60.31 constant 2021 PPP | 58.15 constant 2021 PPP | 63.94 constant 2021 PPP | 10 |
| 2000s | 48.67 constant 2021 PPP | 36.89 constant 2021 PPP | 61.49 constant 2021 PPP | 10 |
| 2010s | 36.08 constant 2021 PPP | 31.41 constant 2021 PPP | 41.7 constant 2021 PPP | 10 |
| 2020s | 32 constant 2021 PPP | 28.43 constant 2021 PPP | 34.82 constant 2021 PPP | 4 |
Countries ranked near Panama
- 161 Cape Verde 30.67 constant 2021 PPP compare
- 162 Gambia 29.34 constant 2021 PPP compare
- 163 Switzerland 29.16 constant 2021 PPP compare
- 165 Hong Kong, China 23.57 constant 2021 PPP compare
- 166 Malta 23.12 constant 2021 PPP compare
- 167 Comoros 21.61 constant 2021 PPP compare
More energy & mining data for Panama
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 0.1439 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Fuel imports 20.0% (2024)
- Ores and metals imports 0.7% (2024)
Frequently asked questions
- What is energy use (kg of oil equivalent) per $1,000 gdp in Panama?
- Energy use (kg of oil equivalent) per $1,000 gdp in Panama was 28.43 constant 2021 PPP in 2023, according to IEA Energy Statistics Data Browser, International Energy Agency (IEA).
- What is the highest energy use (kg of oil equivalent) per $1,000 gdp recorded in Panama?
- The highest recorded value was 63.94 constant 2021 PPP in 1998.
- What is the lowest energy use (kg of oil equivalent) per $1,000 gdp recorded in Panama?
- The lowest recorded value was 28.43 constant 2021 PPP in 2023.
- How does Panama rank for energy use (kg of oil equivalent) per $1,000 gdp?
- Panama ranks 164th out of 168 countries with data for 2023.
- Is energy use (kg of oil equivalent) per $1,000 gdp rising or falling in Panama?
- Over the last ten years it is down 20.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from IEA Energy Statistics Data Browser, International Energy Agency (IEA), published as part of Energy use (kg of oil equivalent) per $1,000 GDP (constant 2021 PPP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.