Government spending vs gdp per capita in Panama
Panama: Government spending vs gdp per capita was 23.15 in 2024. ▲ Rising
Latest (2024)
23.15
Change on year
up 8.2%
World rank
106th
of 151 countries
All-time high
47.96
in 1982
All-time low
13.22
in 1965
Years of data
79
1946–2024
Government spending vs gdp per capita in Panama, 1946–2024
Source: Our World in Data.
Analysis
The most recent figure for government spending vs gdp per capita in Panama is 23.15, measured in 2024.
The figure is up 8.2% on the previous year and up 0.8% over ten years.
Over the whole period, government spending vs gdp per capita in Panama peaked at 47.96 in 1982 and was at its lowest, 13.22, in 1965.
Panama ranks 106th of 151 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 79 years of available data.
Government spending vs gdp per capita in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1946 | 16.86 | — |
| 1947 | 14.96 | -11.2% |
| 1948 | 13.66 | -8.7% |
| 1949 | 13.27 | -2.8% |
| 1950 | 16.07 | +21.1% |
| 1951 | 14.66 | -8.8% |
| 1952 | 15.8 | +7.8% |
| 1953 | 14.06 | -11.0% |
| 1954 | 14.1 | +0.3% |
| 1955 | 14.97 | +6.1% |
| 1956 | 17.18 | +14.7% |
| 1957 | 13.52 | -21.3% |
| 1958 | 15.47 | +14.4% |
| 1959 | 16.51 | +6.7% |
| 1960 | 16.56 | +0.3% |
| 1961 | 18.92 | +14.2% |
| 1962 | 16.44 | -13.1% |
| 1963 | 19.07 | +16.0% |
| 1964 | 14.08 | -26.2% |
| 1965 | 13.22 | -6.1% |
| 1966 | 14 | +5.9% |
| 1967 | 14.91 | +6.5% |
| 1968 | 14.25 | -4.5% |
| 1969 | 20.49 | +43.8% |
| 1970 | 22.44 | +9.5% |
| 1971 | 14.97 | -33.3% |
| 1972 | 15.55 | +3.9% |
| 1973 | 14.38 | -7.6% |
| 1974 | 15.31 | +6.5% |
| 1975 | 15.29 | -0.1% |
| 1976 | 15.88 | +3.9% |
| 1977 | 16.85 | +6.1% |
| 1978 | 27.63 | +63.9% |
| 1979 | 35 | +26.7% |
| 1980 | 30.52 | -12.8% |
| 1981 | 30.65 | +0.4% |
| 1982 | 47.96 | +56.5% |
| 1983 | 44.65 | -6.9% |
| 1984 | 44.04 | -1.4% |
| 1985 | 39.67 | -9.9% |
| 1986 | 38.65 | -2.6% |
| 1987 | 40.07 | +3.7% |
| 1988 | 41.85 | +4.4% |
| 1989 | 43.02 | +2.8% |
| 1990 | 41.46 | -3.6% |
| 1991 | 20.91 | -49.6% |
| 1992 | 27.77 | +32.8% |
| 1993 | 33.85 | +21.9% |
| 1994 | 25.16 | -25.7% |
| 1995 | 25.92 | +3.0% |
| 1996 | 21.45 | -17.2% |
| 1997 | 22.16 | +3.3% |
| 1998 | 23.43 | +5.7% |
| 1999 | 23.01 | -1.8% |
| 2000 | 22.78 | -1.0% |
| 2001 | 23.43 | +2.8% |
| 2002 | 23.47 | +0.2% |
| 2003 | 24.21 | +3.2% |
| 2004 | 23.3 | -3.8% |
| 2005 | 22.35 | -4.1% |
| 2006 | 21.89 | -2.1% |
| 2007 | 21.81 | -0.4% |
| 2008 | 22.71 | +4.1% |
| 2009 | 22.69 | -0.1% |
| 2010 | 24.2 | +6.7% |
| 2011 | 23.54 | -2.7% |
| 2012 | 22.82 | -3.1% |
| 2013 | 23.43 | +2.7% |
| 2014 | 22.97 | -2.0% |
| 2015 | 21.38 | -6.9% |
| 2016 | 21.29 | -0.4% |
| 2017 | 21.22 | -0.3% |
| 2018 | 21.83 | +2.9% |
| 2019 | 20.64 | -5.5% |
| 2020 | 27.54 | +33.5% |
| 2021 | 23.78 | -13.7% |
| 2022 | 21.35 | -10.2% |
| 2023 | 21.38 | +0.2% |
| 2024 | 23.15 | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 14.69 | 13.27 | 16.86 | 4 |
| 1950s | 15.23 | 13.52 | 17.18 | 10 |
| 1960s | 16.19 | 13.22 | 20.49 | 10 |
| 1970s | 19.33 | 14.38 | 35 | 10 |
| 1980s | 40.11 | 30.52 | 47.96 | 10 |
| 1990s | 26.51 | 20.91 | 41.46 | 10 |
| 2000s | 22.86 | 21.81 | 24.21 | 10 |
| 2010s | 22.33 | 20.64 | 24.2 | 10 |
| 2020s | 23.44 | 21.35 | 27.54 | 5 |
Countries ranked near Panama
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)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 18,830 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.4 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
Frequently asked questions
- What is government spending vs gdp per capita in Panama?
- Government spending vs gdp per capita in Panama was 23.15 in 2024, according to Our World in Data.
- What is the highest government spending vs gdp per capita recorded in Panama?
- The highest recorded value was 47.96 in 1982.
- What is the lowest government spending vs gdp per capita recorded in Panama?
- The lowest recorded value was 13.22 in 1965.
- How does Panama rank for government spending vs gdp per capita?
- Panama ranks 106th out of 151 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 0.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Government spending vs gdp per capita. Statizoid updates them automatically from the source API.
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