Expense in Panama
Panama: Expense was 17.1% in 2021. ▲ Rising
Expense in Panama, 2014–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2021, expense in Panama stood at 17.1%.
That represents a change of down 11.0% on the previous year and up 32.8% over ten years.
Panama ranks 123rd of 157 countries on this measure, in the bottom quarter.
Expense in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 12.9% | — |
| 2015 | 14.0% | +8.4% |
| 2016 | 13.7% | -2.2% |
| 2017 | 13.9% | +1.8% |
| 2018 | 13.6% | -2.5% |
| 2019 | 15.0% | +10.6% |
| 2020 | 19.3% | +28.1% |
| 2021 | 17.1% | -11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.9% | 12.9% | 15.0% | 6 |
| 2020s | 18.2% | 17.1% | 19.3% | 2 |
Countries ranked near Panama
- 120 Côte d'Ivoire 17.9% compare
- 121 Saint Lucia 17.6%
- 122 Kazakhstan 17.4% compare
- 124 Singapore 17.1% compare
- 125 Malaysia 17.0% compare
- 126 Philippines 16.9% compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3858 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita 7,392 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.3858 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 7,392 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 7.89 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is expense in Panama?
- Expense in Panama was 17.1% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Panama?
- The highest recorded value was 19.3% in 2020.
- What is the lowest expense recorded in Panama?
- The lowest recorded value was 12.9% in 2014.
- How does Panama rank for expense?
- Panama ranks 123rd out of 157 countries with data for 2021.
- Is expense rising or falling in Panama?
- Over the last ten years it is up 32.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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.