Government expenditure on education, constant US$ in Panama

Panama: Government expenditure on education, constant US$ was 2,060 millions in 2023. ◆ Volatile

Latest (2023)
2,060 millions
Change on year
down 21.4%
World rank
85th
of 174 countries
All-time high
2,620 millions
in 2022
All-time low
277.26 millions
in 1971
Years of data
39
1970–2023

Government expenditure on education, constant US$ in Panama, 1970–2023

5001.0k1.5k2.0k2.5k1970199620231970: 304.9 millions1971: 277.3 millions1972: 344.3 millions1973: 317.5 millions1974: 356.5 millions1975: 394.5 millions1976: 416.3 millions1977: 417.8 millions1978: 386.3 millions1979: 407.9 millions1980: 447.7 millions1981: 474.6 millions1982: 498 millions1983: 494.1 millions1984: 495.7 millions1985: 528.1 millions1986: 519.7 millions1987: 590.2 millions1994: 646.4 millions1995: 748.1 millions1996: 784.7 millions1997: 785.5 millions1999: 1.0k millions2000: 1.1k millions2001: 966.7 millions2002: 1.0k millions2003: 1.0k millions2004: 956.8 millions2008: 1.4k millions2011: 1.5k millions2014: 1.8k millions2015: 2.0k millions2016: 2.1k millions2017: 2.3k millions2018: 2.5k millions2020: 2.6k millions2021: 2.6k millions2022: 2.6k millions2023: 2.1k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on education, constant us$ in Panama is 2,060 millions, measured in 2023.

The figure is down 21.4% on the previous year and up 13.9% over ten years.

Over the whole period, government expenditure on education, constant us$ in Panama peaked at 2,620 millions in 2022 and was at its lowest, 277.26 millions, in 1971.

Panama ranks 85th of 174 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Government expenditure on education, constant US$ in Panama, year by year

Annual values for Government expenditure on education, constant US$ (millions) in Panama, 1970 to 2023.
Year millions Change
1970 304.92 millions
1971 277.26 millions -9.1%
1972 344.33 millions +24.2%
1973 317.52 millions -7.8%
1974 356.47 millions +12.3%
1975 394.46 millions +10.7%
1976 416.3 millions +5.5%
1977 417.75 millions +0.3%
1978 386.34 millions -7.5%
1979 407.88 millions +5.6%
1980 447.72 millions +9.8%
1981 474.57 millions +6.0%
1982 498.02 millions +4.9%
1983 494.07 millions -0.8%
1984 495.71 millions +0.3%
1985 528.12 millions +6.5%
1986 519.67 millions -1.6%
1987 590.25 millions +13.6%
1994 646.37 millions +9.5%
1995 748.13 millions +15.7%
1996 784.67 millions +4.9%
1997 785.48 millions +0.1%
1999 1,042 millions +32.7%
2000 1,119 millions +7.3%
2001 966.69 millions -13.6%
2002 1,006 millions +4.1%
2003 1,043 millions +3.7%
2004 956.84 millions -8.3%
2008 1,366 millions +42.8%
2011 1,477 millions +8.1%
2014 1,808 millions +22.4%
2015 2,017 millions +11.6%
2016 2,146 millions +6.4%
2017 2,307 millions +7.5%
2018 2,450 millions +6.2%
2020 2,589 millions +5.6%
2021 2,600 millions +0.4%
2022 2,620 millions +0.8%
2023 2,060 millions -21.4%

Averages by decade

DecadeAverage LowestHighest Years
1970s 362.32 millions 277.26 millions 417.75 millions 10
1980s 506.02 millions 447.72 millions 590.25 millions 8
1990s 801.36 millions 646.37 millions 1,042 millions 5
2000s 1,076 millions 956.84 millions 1,366 millions 6
2010s 2,034 millions 1,477 millions 2,450 millions 6
2020s 2,467 millions 2,060 millions 2,620 millions 4

Countries ranked near Panama

  1. 82 Estonia 2,217 millions compare
  2. 83 Iceland 2,176 millions compare
  3. 84 Syrian Arab Republic 2,117 millions compare
  4. 86 Sri Lanka 1,854 millions compare
  5. 87 Honduras 1,835 millions compare
  6. 88 Latvia 1,788 millions compare

See the full ranking of 174 places →

More education data for Panama

All data for Panama →

Frequently asked questions

What is government expenditure on education, constant us$ in Panama?
Government expenditure on education, constant us$ in Panama was 2,060 millions in 2023, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education, constant us$ recorded in Panama?
The highest recorded value was 2,620 millions in 2022.
What is the lowest government expenditure on education, constant us$ recorded in Panama?
The lowest recorded value was 277.26 millions in 1971.
How does Panama rank for government expenditure on education, constant us$?
Panama ranks 85th out of 174 countries with data for 2023.
Is government expenditure on education, constant us$ rising or falling in Panama?
Over the last ten years it is up 13.9%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on education, constant US$ (millions). Statizoid updates them automatically from the source API.

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Government expenditure on education, constant US$ in Panama. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 24 August 2026, from https://education.statizoid.com/stat/government-expenditure-on-education-constant-us-millions-2/panama/

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About this data

Indicator
Government expenditure on education, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
174 places, 4,161 data points, 1970–2025
Last refreshed

February 2026 Data Release