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

Panama: Government expenditure on tertiary education as a percentage of GDP was 0.6% in 2023. ▲ Rising

Latest (2023)
0.6%
Change on year
down 7.0%
World rank
114th
of 173 countries
All-time high
1.2%
in 1999
All-time low
0.4%
in 1971
Years of data
39
1970–2023

Government expenditure on tertiary education as a percentage of GDP in Panama, 1970–2023

0.40.60.811.21970199620231970: 0.421 %1971: 0.392 %1972: 0.461 %1973: 0.512 %1974: 0.588 %1975: 0.581 %1976: 0.573 %1977: 0.59 %1978: 0.526 %1979: 0.528 %1980: 0.516 %1981: 0.611 %1982: 0.708 %1983: 0.725 %1984: 0.735 %1985: 0.739 %1986: 0.748 %1987: 0.976 %1994: 0.908 %1995: 0.914 %1996: 1.1 %1997: 1.1 %1999: 1.2 %2000: 1.2 %2001: 1.1 %2002: 1.2 %2004: 1 %2011: 0.683 %2012: 0.677 %2014: 0.577 %2015: 0.609 %2016: 0.604 %2017: 0.588 %2018: 0.589 %2019: 0.637 %2020: 0.835 %2021: 0.71 %2022: 0.642 %2023: 0.597 %

Source: UNESCO Institute for Statistics. Measured in %.

Analysis

The most recent figure for government expenditure on tertiary education as a percentage of gdp in Panama is 0.6%, measured in 2023.

Compared with earlier readings it is down 7.0% on the previous year and down 11.9% over ten years.

Over the whole period, government expenditure on tertiary education as a percentage of gdp in Panama peaked at 1.2% in 1999 and was at its lowest, 0.4%, in 1971.

That places Panama 114th out of 173 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 39 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 2023.
Year % Change
1970 0.4%
1971 0.4% -6.9%
1972 0.5% +17.5%
1973 0.5% +11.2%
1974 0.6% +14.8%
1975 0.6% -1.2%
1976 0.6% -1.4%
1977 0.6% +2.9%
1978 0.5% -10.8%
1979 0.5% +0.4%
1980 0.5% -2.3%
1981 0.6% +18.5%
1982 0.7% +15.9%
1983 0.7% +2.4%
1984 0.7% +1.5%
1985 0.7% +0.5%
1986 0.7% +1.3%
1987 1.0% +30.5%
1994 0.9% -7.0%
1995 0.9% +0.7%
1996 1.1% +17.7%
1997 1.1% +1.6%
1999 1.2% +13.5%
2000 1.2% -0.0%
2001 1.1% -10.7%
2002 1.2% +8.0%
2004 1.0% -15.7%
2011 0.7% -32.3%
2012 0.7% -0.8%
2014 0.6% -14.8%
2015 0.6% +5.5%
2016 0.6% -0.8%
2017 0.6% -2.6%
2018 0.6% +0.1%
2019 0.6% +8.2%
2020 0.8% +31.0%
2021 0.7% -15.0%
2022 0.6% -9.6%
2023 0.6% -7.0%

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.5% 0.4% 0.6% 10
1980s 0.7% 0.5% 1.0% 8
1990s 1.0% 0.9% 1.2% 5
2000s 1.1% 1.0% 1.2% 4
2010s 0.6% 0.6% 0.7% 8
2020s 0.7% 0.6% 0.8% 4

Countries ranked near Panama

  1. 111 Aruba 0.6% compare
  2. 112 Kenya 0.6% compare
  3. 113 Seychelles 0.6% compare
  4. 115 Thailand 0.6% compare
  5. 116 Malaysia 0.6% compare
  6. 117 Mali 0.6% compare

See the full ranking of 173 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 0.6% in 2023, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education as a percentage of gdp recorded in Panama?
The highest recorded value was 1.2% in 1999.
What is the lowest government expenditure on tertiary education as a percentage of gdp recorded in Panama?
The lowest recorded value was 0.4% in 1971.
How does Panama rank for government expenditure on tertiary education as a percentage of gdp?
Panama ranks 114th out of 173 countries with data for 2023.
Is government expenditure on tertiary education as a percentage of gdp rising or falling in Panama?
Over the last ten years it is down 11.9%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from UNESCO Institute for Statistics, 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 UNESCO Institute for Statistics. Retrieved 10 September 2026, from https://education.statizoid.com/stat/government-expenditure-on-tertiary-education-as-a-percentage-of-gdp-percent/panama/

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About this data

Indicator
Government expenditure on tertiary education as a percentage of GDP (%)
Unit
%
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
173 places, 3,953 data points, 1970–2025
Last refreshed

February 2026 Data Release