Share of government consumption in GDP vs. GDP per capita in Panama
Panama: Share of government consumption in GDP vs. GDP per capita was 14.3% in 2023. ▬ Flat
Latest (2023)
14.3%
Change on year
down 7.0%
World rank
141st
of 184 countries
All-time high
27.2%
in 1985
All-time low
10.6%
in 2012
Years of data
74
1950–2023
Share of government consumption in GDP vs. GDP per capita in Panama, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
In 2023, share of government consumption in gdp vs. gdp per capita in Panama stood at 14.3%.
That represents a change of down 7.0% on the previous year and up 28.4% over ten years.
Over the whole period, share of government consumption in gdp vs. gdp per capita in Panama peaked at 27.2% in 1985 and was at its lowest, 10.6%, in 2012.
That places Panama 141st out of 184 countries with data for 2023, putting it in the bottom quarter.
Share of government consumption in GDP vs. GDP per capita in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1950 | 14.0% | — |
| 1951 | 16.4% | +17.0% |
| 1952 | 18.7% | +13.6% |
| 1953 | 14.8% | -20.6% |
| 1954 | 14.6% | -1.7% |
| 1955 | 12.6% | -13.2% |
| 1956 | 12.8% | +1.1% |
| 1957 | 10.9% | -14.4% |
| 1958 | 11.4% | +4.0% |
| 1959 | 10.9% | -4.6% |
| 1960 | 12.3% | +13.6% |
| 1961 | 12.0% | -3.2% |
| 1962 | 12.3% | +2.6% |
| 1963 | 12.3% | -0.0% |
| 1964 | 12.3% | +0.2% |
| 1965 | 12.0% | -2.5% |
| 1966 | 12.6% | +4.9% |
| 1967 | 12.8% | +2.2% |
| 1968 | 13.0% | +1.6% |
| 1969 | 12.0% | -8.3% |
| 1970 | 17.5% | +46.5% |
| 1971 | 18.1% | +3.5% |
| 1972 | 20.1% | +11.0% |
| 1973 | 19.7% | -1.9% |
| 1974 | 20.2% | +2.1% |
| 1975 | 22.0% | +8.9% |
| 1976 | 22.3% | +1.7% |
| 1977 | 23.3% | +4.5% |
| 1978 | 22.5% | -3.7% |
| 1979 | 22.3% | -0.7% |
| 1980 | 21.9% | -1.8% |
| 1981 | 23.2% | +6.0% |
| 1982 | 26.7% | +14.9% |
| 1983 | 23.8% | -10.8% |
| 1984 | 25.6% | +7.5% |
| 1985 | 27.2% | +6.3% |
| 1986 | 26.4% | -2.9% |
| 1987 | 26.5% | +0.4% |
| 1988 | 24.4% | -7.8% |
| 1989 | 23.0% | -6.1% |
| 1990 | 20.6% | -10.2% |
| 1991 | 20.2% | -1.8% |
| 1992 | 18.0% | -11.0% |
| 1993 | 18.1% | +0.4% |
| 1994 | 17.7% | -2.0% |
| 1995 | 18.7% | +5.5% |
| 1996 | 18.0% | -3.6% |
| 1997 | 16.5% | -8.5% |
| 1998 | 15.9% | -3.8% |
| 1999 | 15.6% | -1.9% |
| 2000 | 15.1% | -2.9% |
| 2001 | 16.0% | +5.9% |
| 2002 | 16.5% | +2.7% |
| 2003 | 15.0% | -9.2% |
| 2004 | 15.1% | +0.6% |
| 2005 | 13.3% | -11.7% |
| 2006 | 12.5% | -5.9% |
| 2007 | 13.9% | +10.8% |
| 2008 | 13.7% | -1.1% |
| 2009 | 13.3% | -2.7% |
| 2010 | 13.2% | -1.2% |
| 2011 | 12.2% | -7.4% |
| 2012 | 10.6% | -13.2% |
| 2013 | 11.2% | +5.3% |
| 2014 | 11.3% | +1.7% |
| 2015 | 12.2% | +7.9% |
| 2016 | 13.5% | +10.4% |
| 2017 | 13.9% | +2.8% |
| 2018 | 14.2% | +2.1% |
| 2019 | 14.2% | +0.2% |
| 2020 | 18.8% | +32.3% |
| 2021 | 16.8% | -10.8% |
| 2022 | 15.4% | -8.3% |
| 2023 | 14.3% | -7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 13.7% | 10.9% | 18.7% | 10 |
| 1960s | 12.4% | 12.0% | 13.0% | 10 |
| 1970s | 20.8% | 17.5% | 23.3% | 10 |
| 1980s | 24.9% | 21.9% | 27.2% | 10 |
| 1990s | 18.0% | 15.6% | 20.6% | 10 |
| 2000s | 14.4% | 12.5% | 16.5% | 10 |
| 2010s | 12.7% | 10.6% | 14.2% | 10 |
| 2020s | 16.3% | 14.3% | 18.8% | 4 |
Countries ranked near Panama
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)
- Gross capital formation (current US$), annual growth rate -7.67 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.3353 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 6,426 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.67 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.3353 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 6,426 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -7.13 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2986 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is share of government consumption in gdp vs. gdp per capita in Panama?
- Share of government consumption in gdp vs. gdp per capita in Panama was 14.3% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of government consumption in gdp vs. gdp per capita recorded in Panama?
- The highest recorded value was 27.2% in 1985.
- What is the lowest share of government consumption in gdp vs. gdp per capita recorded in Panama?
- The lowest recorded value was 10.6% in 2012.
- How does Panama rank for share of government consumption in gdp vs. gdp per capita?
- Panama ranks 141st out of 184 countries with data for 2023.
- Is share of government consumption in gdp vs. gdp per capita rising or falling in Panama?
- Over the last ten years it is up 28.4%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of government consumption in GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Government consumption divided by gross domestic product, expressed as a percentage.