Which has higher expense, Panama or Singapore?

Panama, at 17.1% against 17.1% in Singapore as of 2021.

How many years of comparable data are there for Panama and Singapore?

8 years are reported by both, from 2014 to 2021.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Expense (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Panama vs Singapore: Expense

Panama

17.1%

in 2021

Singapore

17.1%

in 2023

Panama rank

123rd

Singapore rank

124th

Expense over time

Panama
Singapore

How they compare

Panama currently reports 17.1% against 17.1% in Singapore, a difference of 0.0%.

The two have swapped places 3 times across 8 shared years of data; in 2014 it was Singapore ahead.

Panama ranks 123rd and Singapore ranks 124th of 157 countries.

Singapore has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Panama	Singapore	Difference	Ahead
2010s	13.9%	14.4%	0.6%	Singapore
2020s	18.2%	20.9%	2.7%	Singapore

Averages of every year both report within each decade.

Frequently asked questions

Which has higher expense, Panama or Singapore?: Panama, at 17.1% against 17.1% in Singapore as of 2021.
What is the difference in expense between Panama and Singapore?: 0.0%, with Panama ahead.
How many years of comparable data are there for Panama and Singapore?: 8 years are reported by both, from 2014 to 2021.
How do Panama and Singapore rank globally for expense?: Panama ranks 123rd and Singapore ranks 124th of 157 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Expense (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Panama vs Singapore: Expense. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 03 September 2026, from https://economy.statizoid.com/compare/expense-percent-of-gdp/panama/singapore/

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About this data

Indicator: Expense (% of GDP)
Unit: % of GDP
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 183 places, 5,211 data points, 1972–2024
Last refreshed: 03 September 2026

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.