Historical gov spending gdp in Panama
Panama: Historical gov spending gdp 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
Historical gov spending gdp in Panama, 1946–2024
Source: Our World in Data.
Analysis
In 2024, historical gov spending gdp in Panama stood at 23.15.
That represents a change of up 8.2% on the previous year and up 0.8% over ten years.
Over the whole period, historical gov spending gdp in Panama peaked at 47.96 in 1982 and was at its lowest, 13.22, in 1965.
That places Panama 106th out of 151 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 79 years of available data.
Historical gov spending gdp 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% |
Panama compared with similar countries
- Panama's 23.15 is below the median for high income countries, which is 42.31, 55% of the median. (56 countries reporting)
- Panama's 23.15 is below the median for Latin America & Caribbean, which is 27.1, 85% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Historical gov spending 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 |
|---|---|---|---|
| 1978 | +63.9% | 16.85 | 27.63 |
| 1982 | +56.5% | 30.65 | 47.96 |
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
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
Frequently asked questions
- What is historical gov spending gdp in Panama?
- Historical gov spending gdp in Panama was 23.15 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Panama?
- The highest recorded value was 47.96 in 1982.
- What is the lowest historical gov spending gdp recorded in Panama?
- The lowest recorded value was 13.22 in 1965.
- How does Panama rank for historical gov spending gdp?
- Panama ranks 106th out of 151 countries with data for 2024.
- Is historical gov spending gdp 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 Historical gov spending gdp. Statizoid updates them automatically from the source API.
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