Panama—Government Expenditure (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #111 of 138Updated April 2026
Latest Value
17.1%
2021
YoY Change
-11.0%
2020 → 2021
Global Rank
#111
of 138 countries
Maximum
19.3%
2020
Minimum
12.9%
2014
CAGR
+4.1%
8 years
Last
17.1%
Previous
19.3%
Highest
19.3%
Lowest
12.9%
Source
World Bank World Development Indicators
Panama's government expenditure (% of gdp) was 17.1% in 2021, ranking #111 out of 138 countries. This represents a -11.0% change from 2020. Over the past 8 years, the highest recorded value was 19.3% (2020) and the lowest was 12.9% (2014). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 17.1% | -11.0% |
| 2020 | 19.3% | +28.1% |
| 2019 | 15.0% | +10.6% |
| 2018 | 13.6% | -2.5% |
| 2017 | 13.9% | +1.8% |
| 2016 | 13.7% | -2.2% |
| 2015 | 14.0% | +8.4% |
| 2014 | 12.9% |
Top Countries — Government Expenditure (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 103.6% | 2020 |
| 2 | Kiribati | 84.6% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 58.3% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |