Oil consumption, per unit of GDP in Panama
Panama: Oil consumption, per unit of GDP was 0 terawatt-hours per US$ of GDP in 2024. ◆ Volatile
Oil consumption, per unit of GDP in Panama, 1980–2024
Source: Statizoid (derived). Measured in terawatt-hours per US$ of GDP.
Analysis
In 2024, oil consumption, per unit of gdp in Panama stood at 0 terawatt-hours per US$ of GDP. That is the lowest value across all 45 years on record.
The figure is down 3.2% on the previous year and down 42.4% over ten years.
Over the whole period, oil consumption, per unit of gdp in Panama peaked at 0 terawatt-hours per US$ of GDP in 1980 and was at its lowest, 0 terawatt-hours per US$ of GDP, in 2024.
Panama ranks 69th of 201 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil consumption, per unit of GDP in Panama, year by year
| Year | terawatt-hours per US$ of GDP | Change |
|---|---|---|
| 1980 | 0 terawatt-hours per US$ of GDP | — |
| 1981 | 0 terawatt-hours per US$ of GDP | -13.0% |
| 1982 | 0 terawatt-hours per US$ of GDP | -13.0% |
| 1983 | 0 terawatt-hours per US$ of GDP | +0.0% |
| 1984 | 0 terawatt-hours per US$ of GDP | -5.2% |
| 1985 | 0 terawatt-hours per US$ of GDP | -18.3% |
| 1986 | 0 terawatt-hours per US$ of GDP | -1.5% |
| 1987 | 0 terawatt-hours per US$ of GDP | +4.2% |
| 1988 | 0 terawatt-hours per US$ of GDP | +12.7% |
| 1989 | 0 terawatt-hours per US$ of GDP | -2.9% |
| 1990 | 0 terawatt-hours per US$ of GDP | -2.4% |
| 1991 | 0 terawatt-hours per US$ of GDP | -9.4% |
| 1992 | 0 terawatt-hours per US$ of GDP | -9.3% |
| 1993 | 0 terawatt-hours per US$ of GDP | -10.4% |
| 1994 | 0 terawatt-hours per US$ of GDP | +5.8% |
| 1995 | 0 terawatt-hours per US$ of GDP | +3.7% |
| 1996 | 0 terawatt-hours per US$ of GDP | -10.7% |
| 1997 | 0 terawatt-hours per US$ of GDP | -4.6% |
| 1998 | 0 terawatt-hours per US$ of GDP | +1.0% |
| 1999 | 0 terawatt-hours per US$ of GDP | -42.8% |
| 2000 | 0 terawatt-hours per US$ of GDP | +67.1% |
| 2001 | 0 terawatt-hours per US$ of GDP | +4.9% |
| 2002 | 0 terawatt-hours per US$ of GDP | -9.5% |
| 2003 | 0 terawatt-hours per US$ of GDP | -1.9% |
| 2004 | 0 terawatt-hours per US$ of GDP | -12.1% |
| 2005 | 0 terawatt-hours per US$ of GDP | -9.0% |
| 2006 | 0 terawatt-hours per US$ of GDP | -1.2% |
| 2007 | 0 terawatt-hours per US$ of GDP | -19.8% |
| 2008 | 0 terawatt-hours per US$ of GDP | -0.1% |
| 2009 | 0 terawatt-hours per US$ of GDP | -10.4% |
| 2010 | 0 terawatt-hours per US$ of GDP | +5.1% |
| 2011 | 0 terawatt-hours per US$ of GDP | -15.5% |
| 2012 | 0 terawatt-hours per US$ of GDP | -6.6% |
| 2013 | 0 terawatt-hours per US$ of GDP | -12.7% |
| 2014 | 0 terawatt-hours per US$ of GDP | -6.3% |
| 2015 | 0 terawatt-hours per US$ of GDP | -1.6% |
| 2016 | 0 terawatt-hours per US$ of GDP | -1.7% |
| 2017 | 0 terawatt-hours per US$ of GDP | -0.3% |
| 2018 | 0 terawatt-hours per US$ of GDP | -12.5% |
| 2019 | 0 terawatt-hours per US$ of GDP | +7.8% |
| 2020 | 0 terawatt-hours per US$ of GDP | -24.6% |
| 2021 | 0 terawatt-hours per US$ of GDP | -6.1% |
| 2022 | 0 terawatt-hours per US$ of GDP | +0.1% |
| 2023 | 0 terawatt-hours per US$ of GDP | -7.6% |
| 2024 | 0 terawatt-hours per US$ of GDP | -3.2% |
Panama compared with similar countries
- Panama's 0 terawatt-hours per US$ of GDP is above the median for high income countries, which is 0 terawatt-hours per US$ of GDP, 2.2× the median. (74 countries reporting)
- Panama's 0 terawatt-hours per US$ of GDP is above the median for Latin America & Caribbean, which is 0 terawatt-hours per US$ of GDP, 1.1× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Oil consumption, per unit of GDP 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 | +67.1% | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 10 |
| 1990s | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 10 |
| 2000s | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 10 |
| 2010s | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 10 |
| 2020s | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 0 terawatt-hours per US$ of GDP | 5 |
Countries ranked near Panama
- 66 Belize 0 terawatt-hours per US$ of GDP compare
- 67 Bhutan 0 terawatt-hours per US$ of GDP compare
- 68 Comoros, Union of the 0 terawatt-hours per US$ of GDP compare
- 70 Sierra Leone 0 terawatt-hours per US$ of GDP compare
- 71 Morocco 0 terawatt-hours per US$ of GDP compare
- 72 St. Vincent and the Grenadines 0 terawatt-hours per US$ of GDP compare
More energy & mining data for Panama
- Primary energy from fossil nuclear renewables, per capita 0 units per person (2024)
- Primary energy from fossil nuclear renewables, per unit of GDP 0 units per US$ of GDP (2024)
- Fuel imports 19.3% (2025)
- Ores and metals imports 0.6% (2025)
- Fuel exports 0.9% (2025)
- Ores and metals exports 32.6% (2025)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
Frequently asked questions
- What is oil consumption, per unit of gdp in Panama?
- Oil consumption, per unit of gdp in Panama was 0 terawatt-hours per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest oil consumption, per unit of gdp recorded in Panama?
- The highest recorded value was 0 terawatt-hours per US$ of GDP in 1980.
- What is the lowest oil consumption, per unit of gdp recorded in Panama?
- The lowest recorded value was 0 terawatt-hours per US$ of GDP in 2024.
- How does Panama rank for oil consumption, per unit of gdp?
- Panama ranks 69th out of 201 countries with data for 2024.
- Is oil consumption, per unit of gdp rising or falling in Panama?
- Over the last ten years it is down 42.4%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Oil consumption, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Oil consumption divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Oil consumption ÷ GDP (current US$)
Computed from
- Oil consumption 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
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Oil consumption divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.