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Panama — Education spending
Government Education Spending (% of GDP) for Panama, 1970–2023.
Latest value · 2023
2.47%
Government Education Spending (% of GDP) · % of GDP · -38.9% since 1970
Education spending for Panama was 2.47% in 2023, according to the latest World Bank data. The series covers 40 years, from 1970 to 2023. The highest recorded value was 4.89% in 2000. Across that span the compound annual growth rate works out to -0.92% per year.
Panama ranks 151 of 172 economies on this measure (1 = highest), putting it in the top 88%. The median for Latin America & Caribbean is 4.27%, so Panama sits below it. It peaked in 2000 and has fallen 49% since. Over the last decade (2014–2023) the figure moved down 20%.
Key figures
Latest (2023)
2.47%
First (1970)
4.04%
Change
-38.9%
Highest
4.89%
in 2000
Lowest
2.47%
in 2023
Average
3.72%
Annual growth (CAGR)
-0.92%
Years of data
40
Recent years
| Year | % of GDP |
|---|---|
| 2023 | 2.47% |
| 2022 | 3.38% |
| 2021 | 3.71% |
| 2020 | 4.3% |
| 2019 | 3.28% |
| 2018 | 3.45% |
| 2017 | 3.38% |
| 2016 | 3.32% |
| 2015 | 3.27% |
| 2014 | 3.08% |
| 2011 | 3.07% |
| 2008 | 3.43% |
Reading this correctly. Total general government expenditure on education, expressed as a percentage of GDP. Includes both current and capital spending. Figures are in % of GDP. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
SE.XPD.TOTL.GD.ZS — Government Education Spending (% of GDP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.