Initial government expenditure on education as a percentage of GDP in Panama

Panama: Initial government expenditure on education as a percentage of GDP was 2.5% in 2023. ▼ Falling

Latest (2023)
2.5%
Change on year
down 25.1%
World rank
154th
of 185 countries
All-time high
4.8%
in 2000
All-time low
2.5%
in 2023
Years of data
39
1970–2023

Initial government expenditure on education as a percentage of GDP in Panama, 1970–2023

0123451970199620231970: 4 %1971: 3.4 %1972: 4 %1973: 3.5 %1974: 3.8 %1975: 4.2 %1976: 4.3 %1977: 4.3 %1978: 3.6 %1979: 3.6 %1980: 3.5 %1981: 3.4 %1982: 3.4 %1983: 3.6 %1984: 3.5 %1985: 3.5 %1986: 3.3 %1987: 3.9 %1994: 3.5 %1995: 3.9 %1996: 4.4 %1997: 4.1 %1999: 4.8 %2000: 4.8 %2001: 4.1 %2002: 4.2 %2003: 4.1 %2004: 3.5 %2008: 3.5 %2011: 3.1 %2014: 3.1 %2015: 3.2 %2016: 3.4 %2017: 3.5 %2018: 3.4 %2020: 4.2 %2021: 3.7 %2022: 3.3 %2023: 2.5 %

Source: UNESCO Institute for Statistics. Measured in %.

Analysis

In 2023, initial government expenditure on education as a percentage of gdp in Panama stood at 2.5%. That is the lowest value across all 39 years on record.

That represents a change of down 25.1% on the previous year and down 19.9% over ten years.

Over the whole period, initial government expenditure on education as a percentage of gdp in Panama peaked at 4.8% in 2000 and was at its lowest, 2.5%, in 2023.

That places Panama 154th out of 185 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 39 years of available data.

Initial government expenditure on education as a percentage of GDP in Panama, year by year

Annual values for Initial government expenditure on education as a percentage of GDP (%) in Panama, 1970 to 2023.
Year % Change
1970 4.0%
1971 3.4% -17.0%
1972 4.0% +18.8%
1973 3.5% -12.5%
1974 3.8% +9.6%
1975 4.2% +8.8%
1976 4.3% +3.8%
1977 4.3% -0.7%
1978 3.6% -15.8%
1979 3.6% +1.0%
1980 3.5% -2.9%
1981 3.4% -2.9%
1982 3.4% -0.4%
1983 3.6% +3.9%
1984 3.5% -2.3%
1985 3.5% +1.5%
1986 3.3% -5.0%
1987 3.9% +15.7%
1994 3.5% -10.3%
1995 3.9% +13.8%
1996 4.4% +11.3%
1997 4.1% -7.1%
1999 4.8% +16.3%
2000 4.8% +0.2%
2001 4.1% -13.7%
2002 4.2% +2.1%
2003 4.1% -2.5%
2004 3.5% -13.9%
2008 3.5% -0.5%
2011 3.1% -10.4%
2014 3.1% -1.6%
2015 3.2% +4.4%
2016 3.4% +5.1%
2017 3.5% +2.3%
2018 3.4% -1.0%
2020 4.2% +22.6%
2021 3.7% -13.1%
2022 3.3% -9.8%
2023 2.5% -25.1%

Averages by decade

DecadeAverage LowestHighest Years
1970s 3.9% 3.4% 4.3% 10
1980s 3.5% 3.3% 3.9% 8
1990s 4.1% 3.5% 4.8% 5
2000s 4.0% 3.5% 4.8% 6
2010s 3.3% 3.1% 3.5% 6
2020s 3.4% 2.5% 4.2% 4

Countries ranked near Panama

  1. 151 Benin 2.5% compare
  2. 152 Chad 2.5% compare
  3. 153 Philippines 2.5% compare
  4. 155 Madagascar 2.5% compare
  5. 156 Guinea 2.4% compare
  6. 157 Armenia 2.4% compare

See the full ranking of 185 places →

More education data for Panama

All data for Panama →

Frequently asked questions

What is initial government expenditure on education as a percentage of gdp in Panama?
Initial government expenditure on education as a percentage of gdp in Panama was 2.5% in 2023, according to UNESCO Institute for Statistics.
What is the highest initial government expenditure on education as a percentage of gdp recorded in Panama?
The highest recorded value was 4.8% in 2000.
What is the lowest initial government expenditure on education as a percentage of gdp recorded in Panama?
The lowest recorded value was 2.5% in 2023.
How does Panama rank for initial government expenditure on education as a percentage of gdp?
Panama ranks 154th out of 185 countries with data for 2023.
Is initial government expenditure on education as a percentage of gdp rising or falling in Panama?
Over the last ten years it is down 19.9%. The long-run trend across the full record is falling.
Where does this Panama data come from?
The figures come from UNESCO Institute for Statistics, published as part of Initial government expenditure on education as a percentage of GDP (%). Statizoid updates them automatically from the source API.

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Initial government expenditure on education as a percentage of GDP in Panama. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 08 September 2026, from https://education.statizoid.com/stat/initial-government-expenditure-on-education-as-a-percentage-of-gdp-percent/panama/

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About this data

Indicator
Initial government expenditure on education as a percentage of GDP (%)
Unit
%
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
185 places, 4,380 data points, 1970–2025
Last refreshed

February 2026 Data Release