Government expenditure on tertiary education as a percentage of GDP in Panama

Panama: Government expenditure on tertiary education as a percentage of GDP was 0.6398 in 2022. ▲ Rising

Latest (2022)
0.6398
Change on year
down 9.8%
World rank
19th
of 31 countries
All-time high
1.21
in 2000
All-time low
0.3922
in 1971
Years of data
37
1970–2022

Government expenditure on tertiary education as a percentage of GDP in Panama, 1970–2022

0.40.60.811.21970199620221970: 0.4211971: 0.3921972: 0.4611973: 0.5121974: 0.5881975: 0.5811976: 0.5731977: 0.591978: 0.5261979: 0.5281980: 0.5161981: 0.6111982: 0.7081983: 0.7251984: 0.7351985: 0.7391986: 0.7481987: 0.9761994: 0.9081995: 0.9141996: 11997: 11999: 1.22000: 1.22001: 1.12002: 1.22004: 12011: 0.7032012: 0.6972014: 0.5942015: 0.6282016: 0.6232017: 0.6092018: 0.5892020: 0.8342021: 0.712022: 0.64

Source: UNICEF.

Analysis

The most recent figure for government expenditure on tertiary education as a percentage of gdp in Panama is 0.6398, measured in 2022.

Compared with earlier readings it is down 9.8% on the previous year and down 8.2% over ten years.

Over the whole period, government expenditure on tertiary education as a percentage of gdp in Panama peaked at 1.21 in 2000 and was at its lowest, 0.3922, in 1971.

Panama ranks 19th of 31 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 37 years of available data.

Government expenditure on tertiary education as a percentage of GDP in Panama, year by year

Annual values for Government expenditure on tertiary education as a percentage of GDP (%) in Panama, 1970 to 2022.
Year Value Change
1970 0.4215
1971 0.3922 -6.9%
1972 0.4608 +17.5%
1973 0.5125 +11.2%
1974 0.5885 +14.8%
1975 0.5812 -1.2%
1976 0.573 -1.4%
1977 0.5896 +2.9%
1978 0.5258 -10.8%
1979 0.5279 +0.4%
1980 0.5155 -2.3%
1981 0.6108 +18.5%
1982 0.7077 +15.9%
1983 0.7247 +2.4%
1984 0.7354 +1.5%
1985 0.7389 +0.5%
1986 0.7483 +1.3%
1987 0.9764 +30.5%
1994 0.9083 -7.0%
1995 0.9144 +0.7%
1996 1 +9.7%
1997 1.03 +2.7%
1999 1.19 +15.8%
2000 1.21 +1.1%
2001 1.09 -10.0%
2002 1.18 +8.6%
2004 1.01 -13.9%
2011 0.7026 -30.8%
2012 0.6968 -0.8%
2014 0.5945 -14.7%
2015 0.6279 +5.6%
2016 0.6233 -0.7%
2017 0.6085 -2.4%
2018 0.5893 -3.2%
2020 0.8344 +41.6%
2021 0.7097 -15.0%
2022 0.6398 -9.8%

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.5173 0.3922 0.5896 10
1980s 0.7197 0.5155 0.9764 8
1990s 1.01 0.9083 1.19 5
2000s 1.12 1.01 1.21 4
2010s 0.6347 0.5893 0.7026 7
2020s 0.728 0.6398 0.8344 3

Countries ranked near Panama

  1. 16 Saint Vincent and the Grenadines 0.7952 compare
  2. 17 Peru 0.6953 compare
  3. 18 Paraguay 0.6695 compare
  4. 20 Uruguay 0.6269 compare
  5. 21 Trinidad and Tobago 0.6098 compare
  6. 22 Saint Kitts and Nevis 0.5045 compare

See the full ranking of 31 places →

More education data for Panama

All data for Panama →

Frequently asked questions

What is government expenditure on tertiary education as a percentage of gdp in Panama?
Government expenditure on tertiary education as a percentage of gdp in Panama was 0.6398 in 2022, according to UNICEF.
What is the highest government expenditure on tertiary education as a percentage of gdp recorded in Panama?
The highest recorded value was 1.21 in 2000.
What is the lowest government expenditure on tertiary education as a percentage of gdp recorded in Panama?
The lowest recorded value was 0.3922 in 1971.
How does Panama rank for government expenditure on tertiary education as a percentage of gdp?
Panama ranks 19th out of 31 countries with data for 2022.
Is government expenditure on tertiary education as a percentage of gdp rising or falling in Panama?
Over the last ten years it is down 8.2%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from UNICEF, published as part of Government expenditure on tertiary education as a percentage of GDP (%). Statizoid updates them automatically from the source API.

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Government expenditure on tertiary education as a percentage of GDP in Panama. Statizoid, drawing on UNICEF. Retrieved 11 September 2026, from https://education.statizoid.com/stat/government-expenditure-on-tertiary-education-as-a-percentage-of-gdp-percent-2/panama/

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About this data

Indicator
Government expenditure on tertiary education as a percentage of GDP (%)
Source
UNICEF
Licence
UNICEF Terms of Use (attribution required)
Coverage
31 places, 627 data points, 1970–2023
Last refreshed