Government spending vs. GDP, per capita in Panama
Panama: Government spending vs. GDP, per capita was 2,068 constant 2015 US$ per person in 2024. ▲ Rising
Government spending vs. GDP, per capita in Panama, 1996–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
Panama recorded 2,068 constant 2015 US$ per person for government spending vs. gdp, per capita in 2024. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 2.7% on the previous year and up 56.4% over ten years.
Over the whole period, government spending vs. gdp, per capita in Panama peaked at 2,068 constant 2015 US$ per person in 2024 and was at its lowest, 824.53 constant 2015 US$ per person, in 1997.
That places Panama 63rd out of 166 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Government spending vs. GDP, per capita in Panama, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1996 | 833.7 constant 2015 US$ per person | — |
| 1997 | 824.53 constant 2015 US$ per person | -1.1% |
| 1998 | 863.16 constant 2015 US$ per person | +4.7% |
| 1999 | 875.77 constant 2015 US$ per person | +1.5% |
| 2000 | 897.14 constant 2015 US$ per person | +2.4% |
| 2001 | 965.94 constant 2015 US$ per person | +7.7% |
| 2002 | 1,039 constant 2015 US$ per person | +7.6% |
| 2003 | 1,029 constant 2015 US$ per person | -0.9% |
| 2004 | 1,031 constant 2015 US$ per person | +0.1% |
| 2005 | 1,090 constant 2015 US$ per person | +5.7% |
| 2006 | 1,134 constant 2015 US$ per person | +4.1% |
| 2007 | 1,167 constant 2015 US$ per person | +2.9% |
| 2008 | 1,238 constant 2015 US$ per person | +6.1% |
| 2009 | 1,237 constant 2015 US$ per person | -0.1% |
| 2010 | 1,296 constant 2015 US$ per person | +4.8% |
| 2011 | 1,340 constant 2015 US$ per person | +3.4% |
| 2012 | 1,318 constant 2015 US$ per person | -1.6% |
| 2013 | 1,330 constant 2015 US$ per person | +0.9% |
| 2014 | 1,322 constant 2015 US$ per person | -0.6% |
| 2015 | 1,389 constant 2015 US$ per person | +5.0% |
| 2016 | 1,495 constant 2015 US$ per person | +7.6% |
| 2017 | 1,560 constant 2015 US$ per person | +4.4% |
| 2018 | 1,633 constant 2015 US$ per person | +4.7% |
| 2019 | 1,668 constant 2015 US$ per person | +2.1% |
| 2020 | 1,834 constant 2015 US$ per person | +10.0% |
| 2021 | 1,943 constant 2015 US$ per person | +5.9% |
| 2022 | 1,975 constant 2015 US$ per person | +1.6% |
| 2023 | 2,014 constant 2015 US$ per person | +2.0% |
| 2024 | 2,068 constant 2015 US$ per person | +2.7% |
Panama compared with similar countries
- Panama's 2,068 constant 2015 US$ per person is below the median for high income countries, which is 6,505 constant 2015 US$ per person, 32% of the median. (60 countries reporting)
- Panama's 2,068 constant 2015 US$ per person is above the median for Latin America & Caribbean, which is 1,102 constant 2015 US$ per person, 1.9× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 849.29 constant 2015 US$ per person | 824.53 constant 2015 US$ per person | 875.77 constant 2015 US$ per person | 4 |
| 2000s | 1,083 constant 2015 US$ per person | 897.14 constant 2015 US$ per person | 1,238 constant 2015 US$ per person | 10 |
| 2010s | 1,435 constant 2015 US$ per person | 1,296 constant 2015 US$ per person | 1,668 constant 2015 US$ per person | 10 |
| 2020s | 1,967 constant 2015 US$ per person | 1,834 constant 2015 US$ per person | 2,068 constant 2015 US$ per person | 5 |
Countries ranked near Panama
- 60 Botswana 2,332 constant 2015 US$ per person compare
- 61 Costa Rica 2,213 constant 2015 US$ per person compare
- 62 Russia 2,094 constant 2015 US$ per person compare
- 64 Turkey 2,033 constant 2015 US$ per person compare
- 65 Bulgaria 1,876 constant 2015 US$ per person compare
- 66 Brazil 1,852 constant 2015 US$ per person 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is government spending vs. gdp, per capita in Panama?
- Government spending vs. gdp, per capita in Panama was 2,068 constant 2015 US$ per person in 2024, according to Statizoid (derived).
- What is the highest government spending vs. gdp, per capita recorded in Panama?
- The highest recorded value was 2,068 constant 2015 US$ per person in 2024.
- What is the lowest government spending vs. gdp, per capita recorded in Panama?
- The lowest recorded value was 824.53 constant 2015 US$ per person in 1997.
- How does Panama rank for government spending vs. gdp, per capita?
- Panama ranks 63rd out of 166 countries with data for 2024.
- Is government spending vs. gdp, per capita rising or falling in Panama?
- Over the last ten years it is up 56.4%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Government spending vs. GDP, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Government spending vs. GDP divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Government spending vs. GDP ÷ Population, total
Computed from
- Government spending vs. GDP National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
- Population, total World Population Prospects, United Nations (UN)
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
Government spending vs. GDP divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.