Government expenditure on tertiary education, PPP$ (millions) (PPP) in Panama
Panama: Government expenditure on tertiary education, PPP$ (millions) (PPP) was 1,059 millions in 2023. ◆ Volatile
Government expenditure on tertiary education, PPP$ in Panama, 1994–2023
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
The most recent figure for government expenditure on tertiary education, ppp$ in Panama is 1,059 millions, measured in 2023. That is the highest value across all 20 years on record.
The figure is up 3.4% on the previous year and up 113.6% over ten years.
Over the whole period, government expenditure on tertiary education, ppp$ in Panama peaked at 1,059 millions in 2023 and was at its lowest, 162.64 millions, in 1994.
Panama ranks 74th of 148 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 tertiary education, PPP$ (millions) (PPP) in Panama, year by year
| Year | millions | Change |
|---|---|---|
| 1994 | 162.64 millions | — |
| 1995 | 170.1 millions | +4.6% |
| 1996 | 192.1 millions | +12.9% |
| 1997 | 213.89 millions | +11.3% |
| 1999 | 283.87 millions | +32.7% |
| 2000 | 302.38 millions | +6.5% |
| 2001 | 278.86 millions | -7.8% |
| 2002 | 313.52 millions | +12.4% |
| 2004 | 314.6 millions | +0.3% |
| 2011 | 440.72 millions | +40.1% |
| 2012 | 495.79 millions | +12.5% |
| 2014 | 547.48 millions | +10.4% |
| 2015 | 657.07 millions | +20.0% |
| 2016 | 736.73 millions | +12.1% |
| 2017 | 808.71 millions | +9.8% |
| 2018 | 797.03 millions | -1.4% |
| 2020 | 968.33 millions | +21.5% |
| 2021 | 954.02 millions | -1.5% |
| 2022 | 1,024 millions | +7.3% |
| 2023 | 1,059 millions | +3.4% |
Panama compared with similar countries
- Panama's 1,059 millions is below the median for high income countries, which is 3,557 millions, 30% of the median. (59 countries reporting)
- Panama's 1,059 millions is above the median for Latin America & Caribbean, which is 898.99 millions, 1.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 204.52 millions | 162.64 millions | 283.87 millions | 5 |
| 2000s | 302.34 millions | 278.86 millions | 314.6 millions | 4 |
| 2010s | 640.51 millions | 440.72 millions | 808.71 millions | 7 |
| 2020s | 1,001 millions | 954.02 millions | 1,059 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, ppp$ in Panama?
- Government expenditure on tertiary education, ppp$ in Panama was 1,059 millions in 2023, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on tertiary education, ppp$ recorded in Panama?
- The highest recorded value was 1,059 millions in 2023.
- What is the lowest government expenditure on tertiary education, ppp$ recorded in Panama?
- The lowest recorded value was 162.64 millions in 1994.
- How does Panama rank for government expenditure on tertiary education, ppp$?
- Panama ranks 74th out of 148 countries with data for 2023.
- Is government expenditure on tertiary education, ppp$ rising or falling in Panama?
- Over the last ten years it is up 113.6%. 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 tertiary education, PPP$ (millions). Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release