Panama vs Philippines: Expense

Panama

17.1%

in 2021

Philippines

16.9%

in 2023

Panama rank

123rd

Philippines rank

126th

Expense over time

Panama
Philippines

How they compare

Panama currently reports 17.1% against 16.9% in Philippines, a difference of 0.3%.

The two have swapped places 3 times across 8 shared years of data; in 2014 it was Panama ahead.

Globally, Panama ranks 123rd and Philippines ranks 126th of 157 countries.

Individual pages

Expense in Panama
Expense in Philippines
Full country ranking

About this data

Indicator: Expense (% of GDP)
Unit: % of GDP
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 183 places, 5,211 data points, 1972–2024
Last refreshed: 06 August 2026

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.