Panama vs Thailand: Government spending as share of GDP vs. GDP per capita
Panama
23.1%
in 2024
Thailand
22.7%
in 2024
Panama rank
106th
Thailand rank
107th
Government spending as share of GDP vs. GDP per capita over time
- Panama
- Thailand
How they compare
Panama currently reports 23.1% against 22.7% in Thailand, a difference of 0.4%.
The two have swapped places 12 times across 77 shared years of data; in 1948 it was Panama ahead.
Panama ranks 106th and Thailand ranks 107th of 151 countries.
Across the 9 decades both report, Panama averaged higher in 8 and Thailand in 1.
Head to head by decade
| Decade | Panama | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 1940s | 13.5% | 8.5% | 5.0% | Panama |
| 1950s | 15.2% | 13.0% | 2.2% | Panama |
| 1960s | 16.2% | 13.6% | 2.6% | Panama |
| 1970s | 19.3% | 16.3% | 3.0% | Panama |
| 1980s | 40.1% | 18.6% | 21.5% | Panama |
| 1990s | 26.5% | 17.4% | 9.1% | Panama |
| 2000s | 22.9% | 20.3% | 2.6% | Panama |
| 2010s | 22.3% | 21.6% | 0.7% | Panama |
| 2020s | 23.4% | 24.4% | 0.9% | Thailand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher government spending as share of gdp vs. gdp per capita, Panama or Thailand?
- Panama, at 23.1% against 22.7% in Thailand as of 2024.
- What is the difference in government spending as share of gdp vs. gdp per capita between Panama and Thailand?
- 0.4%, with Panama ahead.
- How many years of comparable data are there for Panama and Thailand?
- 77 years are reported by both, from 1948 to 2024.
- How do Panama and Thailand rank globally for government spending as share of gdp vs. gdp per capita?
- Panama ranks 106th and Thailand ranks 107th of 151 countries.
- Where does this data come from?
- International Monetary Fund (2025) – with minor processing by Our World in Data, published as Government spending as share of GDP vs. GDP per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Sum of all the money spent by the government on goods and services, as a percentage of GDP. It includes interest paid on government debt.