Government expenditure on tertiary education, constant PPP$ (millions) in Panama
Panama: Government expenditure on tertiary education, constant PPP$ (millions) was 1,059 millions in 2023. ▲ Rising
Latest (2023)
1,059 millions
Change on year
down 0.2%
World rank
76th
of 146 countries
All-time high
1,069 millions
in 2020
All-time low
360.33 millions
in 1994
Years of data
20
1994–2023
Government expenditure on tertiary education, constant PPP$ in Panama, 1994–2023
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
In 2023, government expenditure on tertiary education, constant ppp$ in Panama stood at 1,059 millions.
The figure is down 0.2% on the previous year and up 39.2% over ten years.
Over the whole period, government expenditure on tertiary education, constant ppp$ in Panama peaked at 1,069 millions in 2020 and was at its lowest, 360.33 millions, in 1994.
Panama ranks 76th of 146 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Government expenditure on tertiary education, constant PPP$ (millions) in Panama, year by year
| Year | millions | Change |
|---|---|---|
| 1994 | 360.33 millions | — |
| 1995 | 369.12 millions | +2.4% |
| 1996 | 409.36 millions | +10.9% |
| 1997 | 448.06 millions | +9.5% |
| 1999 | 579.85 millions | +29.4% |
| 2000 | 603.98 millions | +4.2% |
| 2001 | 544.73 millions | -9.8% |
| 2002 | 603.07 millions | +10.7% |
| 2004 | 577.89 millions | -4.2% |
| 2011 | 699.79 millions | +21.1% |
| 2012 | 760.86 millions | +8.7% |
| 2014 | 721.19 millions | -5.2% |
| 2015 | 801.19 millions | +11.1% |
| 2016 | 830.86 millions | +3.7% |
| 2017 | 855.96 millions | +3.0% |
| 2018 | 890.53 millions | +4.0% |
| 2020 | 1,069 millions | +20.1% |
| 2021 | 1,059 millions | -1.0% |
| 2022 | 1,061 millions | +0.2% |
| 2023 | 1,059 millions | -0.2% |
Panama compared with similar countries
- Panama's 1,059 millions is below the median for high income countries, which is 3,728 millions, 28% of the median. (58 countries reporting)
- Panama's 1,059 millions is above the median for Latin America & Caribbean, which is 700.5 millions, 1.5× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 433.35 millions | 360.33 millions | 579.85 millions | 5 |
| 2000s | 582.42 millions | 544.73 millions | 603.98 millions | 4 |
| 2010s | 794.34 millions | 699.79 millions | 890.53 millions | 7 |
| 2020s | 1,062 millions | 1,059 millions | 1,069 millions | 4 |
Countries ranked near Panama
More education data for Panama
- Gender gap education levels, gaps filled 92.75 (2024)
- Primary enrollment selected countries, gaps filled 92.3 (2024)
- Teachers in secondary education, both sexes (number), gaps filled 23,777 (2017)
- Repeaters in primary education, all grades, both sexes (number), gaps 10,042 (2024)
- Enrolment in pre-primary education, male (number), gaps filled 47,857 (2024)
- Enrolment in pre-primary education, female (number), gaps filled 46,052 (2024)
- Secondary education, pupils, gaps filled 311,983 (2017)
- Primary education, duration (years), annual growth rate 0 % change on previous year (2025)
- Primary education, pupils, gaps filled 451,308 (2024)
- Primary education, pupils, annual growth rate 2.02 % change on previous year (2024)
Frequently asked questions
- What is government expenditure on tertiary education, constant ppp$ in Panama?
- Government expenditure on tertiary education, constant ppp$ in Panama was 1,059 millions in 2023, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on tertiary education, constant ppp$ recorded in Panama?
- The highest recorded value was 1,069 millions in 2020.
- What is the lowest government expenditure on tertiary education, constant ppp$ recorded in Panama?
- The lowest recorded value was 360.33 millions in 1994.
- How does Panama rank for government expenditure on tertiary education, constant ppp$?
- Panama ranks 76th out of 146 countries with data for 2023.
- Is government expenditure on tertiary education, constant ppp$ rising or falling in Panama?
- Over the last ten years it is up 39.2%. 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, constant PPP$ (millions). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release