Share of GDP spent on education vs. share of government spending assigned to education in Panama
Panama: Share of GDP spent on education vs. share of government spending assigned to education was 16.3% in 2024. ▼ Falling
Share of GDP spent on education vs. share of government spending assigned to education in Panama, 1995–2024
Source: UNESCO Institute for Statistics (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
Panama recorded 16.3% for share of gdp spent on education vs. share of government spending assigned to education in 2024.
That represents a change of up 41.7% on the previous year and up 22.1% over ten years.
Over the whole period, share of gdp spent on education vs. share of government spending assigned to education in Panama peaked at 19.8% in 2000 and was at its lowest, 11.5%, in 2023.
That places Panama 45th out of 194 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.6% | 16.5% | 18.8% | 4 |
| 2000s | 16.5% | 14.6% | 19.8% | 6 |
| 2010s | 14.9% | 12.9% | 15.9% | 7 |
| 2020s | 15.0% | 11.5% | 16.3% | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- Gross national expenditure 95.0% (2024)
- Industry (including construction), value added 20.48 billion constant LCU (2025)
- Final consumption expenditure 61.4% (2024)
- Industry (including construction), value added 2.5% (2025)
- Gross national expenditure 82.16 billion current US$ (2024)
- Gross national expenditure 82.16 billion current LCU (2024)
- Gross national expenditure 73.59 billion constant 2015 US$ (2024)
- Industry (including construction), value added 18.61 billion constant 2015 US$ (2025)
- Exports of goods and services 44.4% (2024)
- Industry (including construction), value added 22.53 billion current LCU (2025)
Frequently asked questions
- What is share of gdp spent on education vs. share of government spending assigned to education in Panama?
- Share of gdp spent on education vs. share of government spending assigned to education in Panama was 16.3% in 2024, according to UNESCO Institute for Statistics (2026) – with minor processing by Our World in Data.
- What is the highest share of gdp spent on education vs. share of government spending assigned to education recorded in Panama?
- The highest recorded value was 19.8% in 2000.
- What is the lowest share of gdp spent on education vs. share of government spending assigned to education recorded in Panama?
- The lowest recorded value was 11.5% in 2023.
- How does Panama rank for share of gdp spent on education vs. share of government spending assigned to education?
- Panama ranks 45th out of 194 countries with data for 2024.
- Is share of gdp spent on education vs. share of government spending assigned to education rising or falling in Panama?
- Over the last ten years it is up 22.1%. 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 (2026) – with minor processing by Our World in Data, published as part of Share of GDP spent on education vs. share of government spending assigned to education. Statizoid updates them automatically from the source API.
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About this data
Percentage of total general government spending (across all sectors) that is allocated to education.