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Panama — Health spending
Health Spending (% of GDP) for Panama, 2000–2023.
Latest value · 2023
8.33%
Health Spending (% of GDP) · % of GDP · +19.3% since 2000
Health spending for Panama was 8.33% in 2023, according to the latest World Bank data. The series covers 24 years, from 2000 to 2023. The highest recorded value was 10.22% in 2020. The lowest was 6.21% in 2005 (about 1.3× the low point). Across that span the compound annual growth rate works out to 0.77% per year.
Panama ranks 55 of 189 economies on this measure (1 = highest), putting it in the top 29%. The median for Latin America & Caribbean is 6.87%, so Panama sits above it. It peaked in 2020 and has fallen 18% since. Over the last decade (2013–2023) the figure moved up 28%.
Key figures
Latest (2023)
8.33%
First (2000)
6.98%
Change
+19.3%
Highest
10.22%
in 2020
Lowest
6.21%
in 2005
Average
7.35%
Annual growth (CAGR)
0.77%
Years of data
24
Recent years
| Year | % of GDP |
|---|---|
| 2023 | 8.33% |
| 2022 | 9.05% |
| 2021 | 9.14% |
| 2020 | 10.22% |
| 2019 | 8.14% |
| 2018 | 7.6% |
| 2017 | 7.16% |
| 2016 | 7.09% |
| 2015 | 6.94% |
| 2014 | 6.92% |
| 2013 | 6.52% |
| 2012 | 6.5% |
Reading this correctly. Current health expenditure as a share of GDP. Covers both public and private spending on health goods and services. 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
SH.XPD.CHEX.GD.ZS — Health 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.