Research and development expenditure as a proportion of GDP in Panama
Panama: Research and development expenditure as a proportion of GDP was 0.2% in 2024. ▼ Falling
Latest (2024)
0.2%
Change on year
up 24.7%
World rank
83rd
of 106 countries
All-time high
0.4%
in 2000
All-time low
0.1%
in 2013
Years of data
25
2000–2024
Research and development expenditure as a proportion of GDP in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for research and development expenditure as a proportion of gdp in Panama is 0.2%, measured in 2024.
That represents a change of up 24.7% on the previous year and up 65.1% over ten years.
Over the whole period, research and development expenditure as a proportion of gdp in Panama peaked at 0.4% in 2000 and was at its lowest, 0.1%, in 2013.
Panama ranks 83rd of 106 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Research and development expenditure as a proportion of GDP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.4% | — |
| 2001 | 0.4% | -1.3% |
| 2002 | 0.3% | -5.6% |
| 2003 | 0.3% | -6.9% |
| 2004 | 0.2% | -30.3% |
| 2005 | 0.2% | +1.4% |
| 2006 | 0.2% | +0.2% |
| 2007 | 0.2% | -22.1% |
| 2008 | 0.2% | +4.6% |
| 2009 | 0.1% | -30.9% |
| 2010 | 0.1% | +9.2% |
| 2011 | 0.2% | +19.5% |
| 2012 | 0.1% | -56.5% |
| 2013 | 0.1% | -17.7% |
| 2014 | 0.1% | +98.0% |
| 2015 | 0.1% | -12.7% |
| 2016 | 0.1% | +23.1% |
| 2017 | 0.1% | +2.0% |
| 2018 | 0.1% | +2.1% |
| 2019 | 0.1% | +1.9% |
| 2020 | 0.2% | +70.8% |
| 2021 | 0.2% | -23.9% |
| 2022 | 0.2% | +3.5% |
| 2023 | 0.2% | -13.7% |
| 2024 | 0.2% | +24.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3% | 0.1% | 0.4% | 10 |
| 2010s | 0.1% | 0.1% | 0.2% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 5 |
Countries ranked near Panama
- 80 Burundi 0.2% compare
- 81 Azerbaijan 0.2% compare
- 82 Seychelles 0.2% compare
- 84 Peru 0.2% compare
- 85 Pakistan 0.2% compare
- 86 Kazakhstan 0.2% 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)
- Manufacturing, value added (constant LCU), per capita 842.84 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.09 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.249 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,928 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 2.09 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.249 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4,928 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 2.48 % change on previous year (2025)
Frequently asked questions
- What is research and development expenditure as a proportion of gdp in Panama?
- Research and development expenditure as a proportion of gdp in Panama was 0.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest research and development expenditure as a proportion of gdp recorded in Panama?
- The highest recorded value was 0.4% in 2000.
- What is the lowest research and development expenditure as a proportion of gdp recorded in Panama?
- The lowest recorded value was 0.1% in 2013.
- How does Panama rank for research and development expenditure as a proportion of gdp?
- Panama ranks 83rd out of 106 countries with data for 2024.
- Is research and development expenditure as a proportion of gdp rising or falling in Panama?
- Over the last ten years it is up 65.1%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Research and development expenditure as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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