Government spending vs. GDP, per unit of GDP in Panama
Panama: Government spending vs. GDP, per unit of GDP was 0.1079 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Government spending vs. GDP, per unit of GDP in Panama, 1996–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for government spending vs. gdp, per unit of gdp in Panama is 0.1079 constant 2015 US$ per US$ of GDP, measured in 2024.
Compared with earlier readings it is up 0.7% on the previous year and up 7.8% over ten years.
Over the whole period, government spending vs. gdp, per unit of gdp in Panama peaked at 0.254 constant 2015 US$ per US$ of GDP in 2002 and was at its lowest, 0.0986 constant 2015 US$ per US$ of GDP, in 2015.
Panama ranks 106th of 166 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Government spending vs. GDP, per unit of GDP in Panama, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.252 constant 2015 US$ per US$ of GDP | — |
| 1997 | 0.2325 constant 2015 US$ per US$ of GDP | -7.7% |
| 1998 | 0.2267 constant 2015 US$ per US$ of GDP | -2.5% |
| 1999 | 0.2217 constant 2015 US$ per US$ of GDP | -2.2% |
| 2000 | 0.2257 constant 2015 US$ per US$ of GDP | +1.8% |
| 2001 | 0.242 constant 2015 US$ per US$ of GDP | +7.2% |
| 2002 | 0.254 constant 2015 US$ per US$ of GDP | +5.0% |
| 2003 | 0.2414 constant 2015 US$ per US$ of GDP | -5.0% |
| 2004 | 0.2219 constant 2015 US$ per US$ of GDP | -8.1% |
| 2005 | 0.2172 constant 2015 US$ per US$ of GDP | -2.2% |
| 2006 | 0.2052 constant 2015 US$ per US$ of GDP | -5.5% |
| 2007 | 0.1847 constant 2015 US$ per US$ of GDP | -10.0% |
| 2008 | 0.1685 constant 2015 US$ per US$ of GDP | -8.7% |
| 2009 | 0.1586 constant 2015 US$ per US$ of GDP | -5.9% |
| 2010 | 0.1556 constant 2015 US$ per US$ of GDP | -1.9% |
| 2011 | 0.1387 constant 2015 US$ per US$ of GDP | -10.8% |
| 2012 | 0.1191 constant 2015 US$ per US$ of GDP | -14.1% |
| 2013 | 0.1084 constant 2015 US$ per US$ of GDP | -9.0% |
| 2014 | 0.1001 constant 2015 US$ per US$ of GDP | -7.7% |
| 2015 | 0.0986 constant 2015 US$ per US$ of GDP | -1.5% |
| 2016 | 0.1008 constant 2015 US$ per US$ of GDP | +2.2% |
| 2017 | 0.0994 constant 2015 US$ per US$ of GDP | -1.4% |
| 2018 | 0.1011 constant 2015 US$ per US$ of GDP | +1.7% |
| 2019 | 0.1012 constant 2015 US$ per US$ of GDP | +0.1% |
| 2020 | 0.138 constant 2015 US$ per US$ of GDP | +36.4% |
| 2021 | 0.1253 constant 2015 US$ per US$ of GDP | -9.2% |
| 2022 | 0.1136 constant 2015 US$ per US$ of GDP | -9.3% |
| 2023 | 0.1071 constant 2015 US$ per US$ of GDP | -5.7% |
| 2024 | 0.1079 constant 2015 US$ per US$ of GDP | +0.7% |
Panama compared with similar countries
- Panama's 0.1079 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.1423 constant 2015 US$ per US$ of GDP, 76% of the median. (60 countries reporting)
- Panama's 0.1079 constant 2015 US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.1136 constant 2015 US$ per US$ of GDP, 95% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Government spending vs. GDP, per unit of GDP in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +36.4% | 0.1012 constant 2015 US$ per US$ of GDP | 0.138 constant 2015 US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2332 constant 2015 US$ per US$ of GDP | 0.2217 constant 2015 US$ per US$ of GDP | 0.252 constant 2015 US$ per US$ of GDP | 4 |
| 2000s | 0.2119 constant 2015 US$ per US$ of GDP | 0.1586 constant 2015 US$ per US$ of GDP | 0.254 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.1123 constant 2015 US$ per US$ of GDP | 0.0986 constant 2015 US$ per US$ of GDP | 0.1556 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.1184 constant 2015 US$ per US$ of GDP | 0.1071 constant 2015 US$ per US$ of GDP | 0.138 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Panama
- 103 Honduras 0.1102 constant 2015 US$ per US$ of GDP compare
- 104 Turkey 0.1093 constant 2015 US$ per US$ of GDP compare
- 105 Kenya 0.1089 constant 2015 US$ per US$ of GDP compare
- 107 Peru 0.107 constant 2015 US$ per US$ of GDP compare
- 108 Paraguay 0.1065 constant 2015 US$ per US$ of GDP compare
- 109 Ukraine 0.1057 constant 2015 US$ per US$ of GDP 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is government spending vs. gdp, per unit of gdp in Panama?
- Government spending vs. gdp, per unit of gdp in Panama was 0.1079 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest government spending vs. gdp, per unit of gdp recorded in Panama?
- The highest recorded value was 0.254 constant 2015 US$ per US$ of GDP in 2002.
- What is the lowest government spending vs. gdp, per unit of gdp recorded in Panama?
- The lowest recorded value was 0.0986 constant 2015 US$ per US$ of GDP in 2015.
- How does Panama rank for government spending vs. gdp, per unit of gdp?
- Panama ranks 106th out of 166 countries with data for 2024.
- Is government spending vs. gdp, per unit of gdp rising or falling in Panama?
- Over the last ten years it is up 7.8%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Government spending vs. GDP, per unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Government spending vs. GDP ÷ GDP (current US$)
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
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.