Total Expenditure (central government) — Value Standard Local Currency in Panama
Panama: Total Expenditure (central government) — Value Standard Local Currency was 19,421 million SLC in 2024. ◆ Volatile
Total Expenditure (central government) — Value Standard Local Currency in Panama, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total expenditure (central government) — value standard local currency in Panama is 19,421 million SLC, measured in 2024. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 22.2% on the previous year and up 102.6% over ten years.
Over the whole period, total expenditure (central government) — value standard local currency in Panama peaked at 19,421 million SLC in 2024 and was at its lowest, 2,701 million SLC, in 2003.
Panama ranks 136th of 174 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total Expenditure (central government) — Value Standard Local Currency in Panama, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 2,850 million SLC | — |
| 2002 | 3,082 million SLC | +8.1% |
| 2003 | 2,701 million SLC | -12.4% |
| 2004 | 3,209 million SLC | +18.8% |
| 2005 | 3,408 million SLC | +6.2% |
| 2006 | 3,773 million SLC | +10.7% |
| 2007 | 4,432 million SLC | +17.5% |
| 2008 | 5,172 million SLC | +16.7% |
| 2009 | 6,468 million SLC | +25.1% |
| 2010 | 6,323 million SLC | -2.2% |
| 2011 | 7,302 million SLC | +15.5% |
| 2012 | 9,138 million SLC | +25.1% |
| 2013 | 9,629 million SLC | +5.4% |
| 2014 | 9,585 million SLC | -0.5% |
| 2015 | 10,655 million SLC | +11.2% |
| 2016 | 11,331 million SLC | +6.3% |
| 2017 | 11,838 million SLC | +4.5% |
| 2018 | 12,067 million SLC | +1.9% |
| 2019 | 13,336 million SLC | +10.5% |
| 2020 | 14,207 million SLC | +6.5% |
| 2021 | 14,982 million SLC | +5.5% |
| 2022 | 14,412 million SLC | -3.8% |
| 2023 | 15,893 million SLC | +10.3% |
| 2024 | 19,421 million SLC | +22.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,899 million SLC | 2,701 million SLC | 6,468 million SLC | 9 |
| 2010s | 10,120 million SLC | 6,323 million SLC | 13,336 million SLC | 10 |
| 2020s | 15,783 million SLC | 14,207 million SLC | 19,421 million SLC | 5 |
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)
- GDP (current US$), annual growth rate 4.55 % change on previous year (2025)
- GDP (current US$), per capita 19,790 current US$ per person (2025)
- GDP (current LCU), annual growth rate 4.55 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 19,790 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8919 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 17,650 constant 2015 US$ per person (2025)
Frequently asked questions
- What is total expenditure (central government) — value standard local currency in Panama?
- Total expenditure (central government) — value standard local currency in Panama was 19,421 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value standard local currency recorded in Panama?
- The highest recorded value was 19,421 million SLC in 2024.
- What is the lowest total expenditure (central government) — value standard local currency recorded in Panama?
- The lowest recorded value was 2,701 million SLC in 2003.
- How does Panama rank for total expenditure (central government) — value standard local currency?
- Panama ranks 136th out of 174 countries with data for 2024.
- Is total expenditure (central government) — value standard local currency rising or falling in Panama?
- Over the last ten years it is up 102.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.