Iceland vs Panama: Total Expenditure (general government) — Value US$
Total Expenditure (general government) — Value US$ over time
- Iceland
- Panama
How they compare
Iceland currently reports 15,478 million USD against 15,282 million USD in Panama, a difference of 196 million USD.
Across all 5 years both countries report, Panama has been ahead every year.
Iceland ranks 70th and Panama ranks 71st of 114 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 10,756 million USD | 12,768 million USD | 2,012 million USD | Panama |
| 2020s | 11,900 million USD | 14,885 million USD | 2,985 million USD | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (general government) — value us$, Iceland or Panama?
- Iceland, at 15,478 million USD against 15,282 million USD in Panama as of 2024.
- What is the difference in total expenditure (general government) — value us$ between Iceland and Panama?
- 196 million USD, with Iceland ahead.
- How many years of comparable data are there for Iceland and Panama?
- 5 years are reported by both, from 2017 to 2021.
- How do Iceland and Panama rank globally for total expenditure (general government) — value us$?
- Iceland ranks 70th and Panama ranks 71st of 114 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (general government) — Value US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.