Government spending vs. GDP, per square kilometre in Panama
Panama: Government spending vs. GDP, per square kilometre was 121,054 constant 2015 US$ per square kilometre in 2023. ▲ Rising
Government spending vs. GDP, per square kilometre in Panama, 1996–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
In 2023, government spending vs. gdp, per square kilometre in Panama stood at 121,054 constant 2015 US$ per square kilometre. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 76.9% over ten years.
Over the whole period, government spending vs. gdp, per square kilometre in Panama peaked at 121,054 constant 2015 US$ per square kilometre in 2023 and was at its lowest, 31,180 constant 2015 US$ per square kilometre, in 1996.
That places Panama 64th out of 166 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Government spending vs. GDP, per square kilometre in Panama, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 1996 | 31,180 constant 2015 US$ per square kilometre | — |
| 1997 | 31,463 constant 2015 US$ per square kilometre | +0.9% |
| 1998 | 33,601 constant 2015 US$ per square kilometre | +6.8% |
| 1999 | 34,774 constant 2015 US$ per square kilometre | +3.5% |
| 2000 | 36,329 constant 2015 US$ per square kilometre | +4.5% |
| 2001 | 39,884 constant 2015 US$ per square kilometre | +9.8% |
| 2002 | 43,739 constant 2015 US$ per square kilometre | +9.7% |
| 2003 | 44,174 constant 2015 US$ per square kilometre | +1.0% |
| 2004 | 45,080 constant 2015 US$ per square kilometre | +2.1% |
| 2005 | 48,561 constant 2015 US$ per square kilometre | +7.7% |
| 2006 | 51,496 constant 2015 US$ per square kilometre | +6.0% |
| 2007 | 53,953 constant 2015 US$ per square kilometre | +4.8% |
| 2008 | 58,311 constant 2015 US$ per square kilometre | +8.1% |
| 2009 | 59,301 constant 2015 US$ per square kilometre | +1.7% |
| 2010 | 63,262 constant 2015 US$ per square kilometre | +6.7% |
| 2011 | 66,581 constant 2015 US$ per square kilometre | +5.2% |
| 2012 | 66,664 constant 2015 US$ per square kilometre | +0.1% |
| 2013 | 68,450 constant 2015 US$ per square kilometre | +2.7% |
| 2014 | 69,438 constant 2015 US$ per square kilometre | +1.4% |
| 2015 | 74,189 constant 2015 US$ per square kilometre | +6.8% |
| 2016 | 81,256 constant 2015 US$ per square kilometre | +9.5% |
| 2017 | 86,264 constant 2015 US$ per square kilometre | +6.2% |
| 2018 | 91,757 constant 2015 US$ per square kilometre | +6.4% |
| 2019 | 95,205 constant 2015 US$ per square kilometre | +3.8% |
| 2020 | 106,155 constant 2015 US$ per square kilometre | +11.5% |
| 2021 | 113,798 constant 2015 US$ per square kilometre | +7.2% |
| 2022 | 117,142 constant 2015 US$ per square kilometre | +2.9% |
| 2023 | 121,054 constant 2015 US$ per square kilometre | +3.3% |
Panama compared with similar countries
- Panama's 121,054 constant 2015 US$ per square kilometre is below the median for high income countries, which is 554,033 constant 2015 US$ per square kilometre, 22% of the median. (60 countries reporting)
- Panama's 121,054 constant 2015 US$ per square kilometre is above the median for Latin America & Caribbean, which is 65,353 constant 2015 US$ per square kilometre, 1.9× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32,754 constant 2015 US$ per square kilometre | 31,180 constant 2015 US$ per square kilometre | 34,774 constant 2015 US$ per square kilometre | 4 |
| 2000s | 48,083 constant 2015 US$ per square kilometre | 36,329 constant 2015 US$ per square kilometre | 59,301 constant 2015 US$ per square kilometre | 10 |
| 2010s | 76,307 constant 2015 US$ per square kilometre | 63,262 constant 2015 US$ per square kilometre | 95,205 constant 2015 US$ per square kilometre | 10 |
| 2020s | 114,537 constant 2015 US$ per square kilometre | 106,155 constant 2015 US$ per square kilometre | 121,054 constant 2015 US$ per square kilometre | 4 |
Countries ranked near Panama
- 61 Bangladesh 141,389 constant 2015 US$ per square kilometre compare
- 62 Romania 131,396 constant 2015 US$ per square kilometre compare
- 63 Estonia 122,379 constant 2015 US$ per square kilometre compare
- 65 Cape Verde 118,657 constant 2015 US$ per square kilometre compare
- 66 Lithuania 115,295 constant 2015 US$ per square kilometre compare
- 67 Vietnam 112,230 constant 2015 US$ per square kilometre 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is government spending vs. gdp, per square kilometre in Panama?
- Government spending vs. gdp, per square kilometre in Panama was 121,054 constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest government spending vs. gdp, per square kilometre recorded in Panama?
- The highest recorded value was 121,054 constant 2015 US$ per square kilometre in 2023.
- What is the lowest government spending vs. gdp, per square kilometre recorded in Panama?
- The lowest recorded value was 31,180 constant 2015 US$ per square kilometre in 1996.
- How does Panama rank for government spending vs. gdp, per square kilometre?
- Panama ranks 64th out of 166 countries with data for 2023.
- Is government spending vs. gdp, per square kilometre rising or falling in Panama?
- Over the last ten years it is up 76.9%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Government spending vs. GDP ÷ Land area (sq. km)
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
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.