Expense in Panama
Panama: Expense was 17.1% in 2021. ▲ Rising
Expense in Panama, 2014–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2021, expense in Panama stood at 17.1%.
That represents a change of down 11.0% on the previous year and up 32.8% over ten years.
Panama ranks 123rd of 157 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.9% | 12.9% | 15.0% | 6 |
| 2020s | 18.2% | 17.1% | 19.3% | 2 |
Countries ranked near Panama
- 120 Cote d'Ivoire 17.9% compare
- 121 Saint Lucia 17.6% compare
- 122 Kazakhstan 17.4% compare
- 124 Singapore 17.1% compare
- 125 Malaysia 17.0% compare
- 126 Philippines 16.9% compare
More economy & growth data for Panama
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
- Taxes less subsidies on products 2.23 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.39 billion current LCU (2025)
- Net primary income (Net income from abroad) -4.39 billion current US$ (2025)
- GNI per capita 18,830 current LCU (2025)
- GNI per capita, Atlas method 19,140 current US$ (2025)
- GNI 86.07 billion current LCU (2025)
Frequently asked questions
- What is expense in Panama?
- Expense in Panama was 17.1% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Panama?
- The highest recorded value was 19.3% in 2020.
- What is the lowest expense recorded in Panama?
- The lowest recorded value was 12.9% in 2014.
- How does Panama rank for expense?
- Panama ranks 123rd out of 157 countries with data for 2021.
- Is expense rising or falling in Panama?
- Over the last ten years it is up 32.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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.