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.
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
- External balance on goods and services as a percent of gdp 5.04 (2024)
- Inflation of consumer prices -0.1896 (2025)
- Gdp per capita worldbank constant usd 17,650 (2025)
- Manufacturing value added to gdp 4.8 (2025)
- Gdp worldbank constant usd 80.68 billion (2025)
- Gdp per capita in international and market dollars 17,650 (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (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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CSV · JSON — 79 observations, free to reuse under CC BY 4.0 (Our World in Data).