Oil consumption in Panama
Panama: Oil consumption was 84.02 terawatt-hours in 2024. ▲ Rising
Oil consumption in Panama, 1980–2024
Source: Energy Institute – Statistical Review of World Energy (2026); U.S. Energy Information Administration (2026); Etemad & Luciani (1991) – with major processing by Our World in Data. Measured in terawatt-hours.
Analysis
Panama recorded 84.02 terawatt-hours for oil consumption in 2024.
That represents a change of down 0.1% on the previous year and down 3.1% over ten years.
Over the whole period, oil consumption in Panama peaked at 107.02 terawatt-hours in 2019 and was at its lowest, 32.86 terawatt-hours, in 1999.
Panama ranks 67th of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Oil consumption in Panama, year by year
| Year | terawatt-hours | Change |
|---|---|---|
| 1980 | 50.85 terawatt-hours | — |
| 1981 | 50.06 terawatt-hours | -1.6% |
| 1982 | 48.11 terawatt-hours | -3.9% |
| 1983 | 49.41 terawatt-hours | +2.7% |
| 1984 | 48.89 terawatt-hours | -1.0% |
| 1985 | 42.26 terawatt-hours | -13.6% |
| 1986 | 43.23 terawatt-hours | +2.3% |
| 1987 | 45.25 terawatt-hours | +4.7% |
| 1988 | 44.1 terawatt-hours | -2.5% |
| 1989 | 42.94 terawatt-hours | -2.6% |
| 1990 | 45.57 terawatt-hours | +6.1% |
| 1991 | 45.4 terawatt-hours | -0.4% |
| 1992 | 46.81 terawatt-hours | +3.1% |
| 1993 | 45.83 terawatt-hours | -2.1% |
| 1994 | 51.7 terawatt-hours | +12.8% |
| 1995 | 54.82 terawatt-hours | +6.0% |
| 1996 | 47.02 terawatt-hours | -14.2% |
| 1997 | 49.07 terawatt-hours | +4.4% |
| 1998 | 54.27 terawatt-hours | +10.6% |
| 1999 | 32.86 terawatt-hours | -39.5% |
| 2000 | 56.35 terawatt-hours | +71.5% |
| 2001 | 60.49 terawatt-hours | +7.4% |
| 2002 | 57.2 terawatt-hours | -5.4% |
| 2003 | 59.62 terawatt-hours | +4.2% |
| 2004 | 58.17 terawatt-hours | -2.4% |
| 2005 | 58.26 terawatt-hours | +0.2% |
| 2006 | 64.59 terawatt-hours | +10.9% |
| 2007 | 60.27 terawatt-hours | -6.7% |
| 2008 | 71.3 terawatt-hours | +18.3% |
| 2009 | 69.03 terawatt-hours | -3.2% |
| 2010 | 78.9 terawatt-hours | +14.3% |
| 2011 | 78.68 terawatt-hours | -0.3% |
| 2012 | 85.69 terawatt-hours | +8.9% |
| 2013 | 84.45 terawatt-hours | -1.4% |
| 2014 | 86.71 terawatt-hours | +2.7% |
| 2015 | 92.51 terawatt-hours | +6.7% |
| 2016 | 97.4 terawatt-hours | +5.3% |
| 2017 | 104.54 terawatt-hours | +7.3% |
| 2018 | 95.76 terawatt-hours | -8.4% |
| 2019 | 107.02 terawatt-hours | +11.8% |
| 2020 | 65.95 terawatt-hours | -38.4% |
| 2021 | 73.15 terawatt-hours | +10.9% |
| 2022 | 83.06 terawatt-hours | +13.6% |
| 2023 | 84.07 terawatt-hours | +1.2% |
| 2024 | 84.02 terawatt-hours | -0.1% |
Panama compared with similar countries
- Panama's 84.02 terawatt-hours is above the median for high income countries, which is 60.47 terawatt-hours, 1.4× the median. (76 countries reporting)
- Panama's 84.02 terawatt-hours is above the median for Latin America & Caribbean, which is 26.44 terawatt-hours, 3.2× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Oil consumption in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +71.5% | 32.86 terawatt-hours | 56.35 terawatt-hours |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 46.51 terawatt-hours | 42.26 terawatt-hours | 50.85 terawatt-hours | 10 |
| 1990s | 47.34 terawatt-hours | 32.86 terawatt-hours | 54.82 terawatt-hours | 10 |
| 2000s | 61.53 terawatt-hours | 56.35 terawatt-hours | 71.3 terawatt-hours | 10 |
| 2010s | 91.17 terawatt-hours | 78.68 terawatt-hours | 107.02 terawatt-hours | 10 |
| 2020s | 78.05 terawatt-hours | 65.95 terawatt-hours | 84.07 terawatt-hours | 5 |
Countries ranked near Panama
- 64 New Zealand 89.87 terawatt-hours compare
- 65 Dominican Republic 85.89 terawatt-hours compare
- 66 Ireland 84.07 terawatt-hours compare
- 68 Turkmenistan 81.13 terawatt-hours compare
- 69 Denmark 76.63 terawatt-hours compare
- 70 Angola 75.94 terawatt-hours compare
More energy & mining data for Panama
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- 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)
- Fuel imports 19.3% (2025)
Frequently asked questions
- What is oil consumption in Panama?
- Oil consumption in Panama was 84.02 terawatt-hours in 2024, according to Energy Institute – Statistical Review of World Energy (2026); U.S. Energy Information Administration (2026); Etemad & Luciani (1991) – with major processing by Our World in Data.
- What is the highest oil consumption recorded in Panama?
- The highest recorded value was 107.02 terawatt-hours in 2019.
- What is the lowest oil consumption recorded in Panama?
- The lowest recorded value was 32.86 terawatt-hours in 1999.
- How does Panama rank for oil consumption?
- Panama ranks 67th out of 220 countries with data for 2024.
- Is oil consumption rising or falling in Panama?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Energy Institute – Statistical Review of World Energy (2026); U.S. Energy Information Administration (2026); Etemad & Luciani (1991) – with major processing by Our World in Data, published as part of Oil consumption. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Measured in terawatt-hours. Includes refined petroleum products and other liquid fuels.