Government expenditure on tertiary education, US$ (millions) (US) in Panama
Panama: Government expenditure on tertiary education, US$ (millions) (US) was 497.12 millions in 2023. ◆ Volatile
Latest (2023)
497.12 millions
Change on year
up 1.5%
World rank
77th
of 164 countries
All-time high
497.12 millions
in 2023
All-time low
5.69 millions
in 1970
Years of data
38
1970–2023
Government expenditure on tertiary education, US$ in Panama, 1970–2023
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
The most recent figure for government expenditure on tertiary education, us$ in Panama is 497.12 millions, measured in 2023. That is the highest value across all 38 years on record.
That represents a change of up 1.5% on the previous year and up 76.5% over ten years.
Over the whole period, government expenditure on tertiary education, us$ in Panama peaked at 497.12 millions in 2023 and was at its lowest, 5.69 millions, in 1970.
That places Panama 77th out of 164 countries with data for 2023, putting it 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, US$ (millions) (US) in Panama, year by year
| Year | millions | Change |
|---|---|---|
| 1970 | 5.69 millions | — |
| 1971 | 5.98 millions | +5.0% |
| 1972 | 7.71 millions | +29.0% |
| 1973 | 9.81 millions | +27.2% |
| 1974 | 12.88 millions | +31.3% |
| 1975 | 14.15 millions | +9.9% |
| 1976 | 14.83 millions | +4.8% |
| 1977 | 16.15 millions | +8.9% |
| 1978 | 17.06 millions | +5.7% |
| 1979 | 19.56 millions | +14.6% |
| 1980 | 23.79 millions | +21.6% |
| 1981 | 31.9 millions | +34.1% |
| 1982 | 40.83 millions | +28.0% |
| 1983 | 42.93 millions | +5.1% |
| 1984 | 45.47 millions | +5.9% |
| 1985 | 48.34 millions | +6.3% |
| 1986 | 50.87 millions | +5.2% |
| 1987 | 66.67 millions | +31.1% |
| 1994 | 85.06 millions | +27.6% |
| 1995 | 87.55 millions | +2.9% |
| 1996 | 98.98 millions | +13.1% |
| 1997 | 110 millions | +11.1% |
| 1999 | 144.72 millions | +31.6% |
| 2000 | 148.44 millions | +2.6% |
| 2001 | 135.8 millions | -8.5% |
| 2002 | 153.22 millions | +12.8% |
| 2004 | 152.34 millions | -0.6% |
| 2011 | 243.7 millions | +60.0% |
| 2012 | 281.71 millions | +15.6% |
| 2014 | 296.77 millions | +5.3% |
| 2015 | 339.63 millions | +14.4% |
| 2016 | 360.92 millions | +6.3% |
| 2017 | 378.5 millions | +4.9% |
| 2018 | 396.54 millions | +4.8% |
| 2020 | 476.36 millions | +20.1% |
| 2021 | 478.35 millions | +0.4% |
| 2022 | 489.58 millions | +2.3% |
| 2023 | 497.12 millions | +1.5% |
Panama compared with similar countries
- Panama's 497.12 millions is below the median for high income countries, which is 1,777 millions, 28% of the median. (64 countries reporting)
- Panama's 497.12 millions is above the median for Latin America & Caribbean, which is 311.38 millions, 1.6× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.38 millions | 5.69 millions | 19.56 millions | 10 |
| 1980s | 43.85 millions | 23.79 millions | 66.67 millions | 8 |
| 1990s | 105.26 millions | 85.06 millions | 144.72 millions | 5 |
| 2000s | 147.45 millions | 135.8 millions | 153.22 millions | 4 |
| 2010s | 328.25 millions | 243.7 millions | 396.54 millions | 7 |
| 2020s | 485.35 millions | 476.36 millions | 497.12 millions | 4 |
Countries ranked near Panama
- 74 Cote d'Ivoire 586.05 millions compare
- 75 Macao 559.33 millions compare
- 76 Philippines 533.99 millions compare
- 78 Mauritania 494.97 millions compare
- 79 Senegal 453.54 millions compare
- 80 Ghana 439.41 millions compare
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, us$ in Panama?
- Government expenditure on tertiary education, us$ in Panama was 497.12 millions in 2023, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on tertiary education, us$ recorded in Panama?
- The highest recorded value was 497.12 millions in 2023.
- What is the lowest government expenditure on tertiary education, us$ recorded in Panama?
- The lowest recorded value was 5.69 millions in 1970.
- How does Panama rank for government expenditure on tertiary education, us$?
- Panama ranks 77th out of 164 countries with data for 2023.
- Is government expenditure on tertiary education, us$ rising or falling in Panama?
- Over the last ten years it is up 76.5%. 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, US$ (millions). Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release