GDP per unit of energy use in Panama
Panama: GDP per unit of energy use was 35.17 constant 2021 PPP $ per kg of oil equivalent in 2023. ▲ Rising
Latest (2023)
35.17 constant 2021 PPP $ per kg of oil equivalent
Change on year
up 10.2%
World rank
5th
of 168 countries
All-time high
35.17 constant 2021 PPP $ per kg of oil equivalent
in 2023
All-time low
15.64 constant 2021 PPP $ per kg of oil equivalent
in 1998
Years of data
34
1990–2023
GDP per unit of energy use in Panama, 1990–2023
Source: IEA Energy Statistics Data Browser, International Energy Agency (IEA). Measured in constant 2021 PPP $ per kg of oil equivalent.
Analysis
Panama recorded 35.17 constant 2021 PPP $ per kg of oil equivalent for gdp per unit of energy use in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 10.2% on the previous year and up 25.3% over ten years.
Over the whole period, gdp per unit of energy use in Panama peaked at 35.17 constant 2021 PPP $ per kg of oil equivalent in 2023 and was at its lowest, 15.64 constant 2021 PPP $ per kg of oil equivalent, in 1998.
Panama ranks 5th of 168 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
GDP per unit of energy use in Panama, year by year
| Year | constant 2021 PPP $ per kg of oil equivalent | Change |
|---|---|---|
| 1990 | 17.05 constant 2021 PPP $ per kg of oil equivalent | — |
| 1991 | 17.2 constant 2021 PPP $ per kg of oil equivalent | +0.9% |
| 1992 | 16.31 constant 2021 PPP $ per kg of oil equivalent | -5.1% |
| 1993 | 16.96 constant 2021 PPP $ per kg of oil equivalent | +4.0% |
| 1994 | 16.56 constant 2021 PPP $ per kg of oil equivalent | -2.4% |
| 1995 | 16.6 constant 2021 PPP $ per kg of oil equivalent | +0.2% |
| 1996 | 16.16 constant 2021 PPP $ per kg of oil equivalent | -2.6% |
| 1997 | 16.75 constant 2021 PPP $ per kg of oil equivalent | +3.6% |
| 1998 | 15.64 constant 2021 PPP $ per kg of oil equivalent | -6.6% |
| 1999 | 16.7 constant 2021 PPP $ per kg of oil equivalent | +6.8% |
| 2000 | 18.43 constant 2021 PPP $ per kg of oil equivalent | +10.4% |
| 2001 | 16.26 constant 2021 PPP $ per kg of oil equivalent | -11.7% |
| 2002 | 18.34 constant 2021 PPP $ per kg of oil equivalent | +12.8% |
| 2003 | 19.31 constant 2021 PPP $ per kg of oil equivalent | +5.3% |
| 2004 | 21 constant 2021 PPP $ per kg of oil equivalent | +8.7% |
| 2005 | 20.11 constant 2021 PPP $ per kg of oil equivalent | -4.2% |
| 2006 | 20.8 constant 2021 PPP $ per kg of oil equivalent | +3.4% |
| 2007 | 23.55 constant 2021 PPP $ per kg of oil equivalent | +13.2% |
| 2008 | 27.11 constant 2021 PPP $ per kg of oil equivalent | +15.1% |
| 2009 | 25.04 constant 2021 PPP $ per kg of oil equivalent | -7.6% |
| 2010 | 23.98 constant 2021 PPP $ per kg of oil equivalent | -4.2% |
| 2011 | 24.09 constant 2021 PPP $ per kg of oil equivalent | +0.5% |
| 2012 | 25.58 constant 2021 PPP $ per kg of oil equivalent | +6.2% |
| 2013 | 28.07 constant 2021 PPP $ per kg of oil equivalent | +9.7% |
| 2014 | 27.95 constant 2021 PPP $ per kg of oil equivalent | -0.4% |
| 2015 | 29.2 constant 2021 PPP $ per kg of oil equivalent | +4.5% |
| 2016 | 29.42 constant 2021 PPP $ per kg of oil equivalent | +0.7% |
| 2017 | 30.87 constant 2021 PPP $ per kg of oil equivalent | +4.9% |
| 2018 | 31.84 constant 2021 PPP $ per kg of oil equivalent | +3.1% |
| 2019 | 28.52 constant 2021 PPP $ per kg of oil equivalent | -10.4% |
| 2020 | 28.72 constant 2021 PPP $ per kg of oil equivalent | +0.7% |
| 2021 | 29.94 constant 2021 PPP $ per kg of oil equivalent | +4.2% |
| 2022 | 31.91 constant 2021 PPP $ per kg of oil equivalent | +6.6% |
| 2023 | 35.17 constant 2021 PPP $ per kg of oil equivalent | +10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.59 constant 2021 PPP $ per kg of oil equivalent | 15.64 constant 2021 PPP $ per kg of oil equivalent | 17.2 constant 2021 PPP $ per kg of oil equivalent | 10 |
| 2000s | 21 constant 2021 PPP $ per kg of oil equivalent | 16.26 constant 2021 PPP $ per kg of oil equivalent | 27.11 constant 2021 PPP $ per kg of oil equivalent | 10 |
| 2010s | 27.95 constant 2021 PPP $ per kg of oil equivalent | 23.98 constant 2021 PPP $ per kg of oil equivalent | 31.84 constant 2021 PPP $ per kg of oil equivalent | 10 |
| 2020s | 31.43 constant 2021 PPP $ per kg of oil equivalent | 28.72 constant 2021 PPP $ per kg of oil equivalent | 35.17 constant 2021 PPP $ per kg of oil equivalent | 4 |
Countries ranked near Panama
- 2 Comoros 46.27 constant 2021 PPP $ per kg of oil equivalent compare
- 3 Malta 43.25 constant 2021 PPP $ per kg of oil equivalent compare
- 4 Hong Kong, China 42.42 constant 2021 PPP $ per kg of oil equivalent compare
- 6 Switzerland 34.3 constant 2021 PPP $ per kg of oil equivalent compare
- 7 Gambia 34.08 constant 2021 PPP $ per kg of oil equivalent compare
- 8 Cape Verde 32.6 constant 2021 PPP $ per kg of oil equivalent 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)
- Primary energy use, per capita 0 terawatt-hours per person (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)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 20.0% (2024)
Frequently asked questions
- What is gdp per unit of energy use in Panama?
- Gdp per unit of energy use in Panama was 35.17 constant 2021 PPP $ per kg of oil equivalent in 2023, according to IEA Energy Statistics Data Browser, International Energy Agency (IEA).
- What is the highest gdp per unit of energy use recorded in Panama?
- The highest recorded value was 35.17 constant 2021 PPP $ per kg of oil equivalent in 2023.
- What is the lowest gdp per unit of energy use recorded in Panama?
- The lowest recorded value was 15.64 constant 2021 PPP $ per kg of oil equivalent in 1998.
- How does Panama rank for gdp per unit of energy use?
- Panama ranks 5th out of 168 countries with data for 2023.
- Is gdp per unit of energy use rising or falling in Panama?
- Over the last ten years it is up 25.3%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from IEA Energy Statistics Data Browser, International Energy Agency (IEA), published as part of GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. 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.