Education Spending: Panama
Panama's education spending is currently 2.472 % of GDP as of 2023. # Panama Education Spending Panama allocated 2.
Current (2023)
2.472 % of GDP
-26.8% y/y
Peak (2000)
4.894 % of GDP
Low (2023)
2.472 % of GDP
Source
World Bank World Development Indicators
1970–2023 · 40 pts
Education Spending — Panama
1970 — 2023
Education Spending — Panama
Analysis# Panama Education Spending
Panama allocated 2.472% of its GDP to education in 2023, marking a significant contraction from its peak of 4.894% in 2000. This represents the lowest investment level in the dataset spanning 1970–2023, reflecting a 38.9% decline over five decades. The country's education spending has followed a generally downward trajectory, with 2023 settling at precisely the all-time low point.
A sharp reversal occurred in 2020, when spending spiked to 4.305% amid pandemic-related educational demands. However, the subsequent years revealed instability rather than recovery—funding fell from 3.712% in 2021 to 3.378% in 2022, then plummeted to 2.472% in 2023. This recent collapse suggests either fiscal reallocation away from education or budgetary constraints that warrant monitoring for their impact on Panama's human capital development.
Historical Data
40 Rows| Year | Value | Change % |
|---|---|---|
| 2023 | 2.472 % of GDP | -26.82% |
| 2022 | 3.378 % of GDP | -9.00% |
| 2021 | 3.712 % of GDP | -13.77% |
| 2020 | 4.305 % of GDP | +31.21% |
| 2019 | 3.281 % of GDP | -4.95% |
| 2018 | 3.452 % of GDP | +2.19% |
| 2017 | 3.378 % of GDP | +1.66% |
| 2016 | 3.323 % of GDP | +1.75% |
| 2015 | 3.266 % of GDP | +6.00% |
| 2014 | 3.081 % of GDP | +0.36% |
| 2011 | 3.07 % of GDP | -10.36% |
| 2008 | 3.425 % of GDP | -3.74% |
| 2004 | 3.558 % of GDP | -15.20% |
| 2003 | 4.196 % of GDP | -1.39% |
| 2002 | 4.255 % of GDP | +1.58% |
| 2001 | 4.189 % of GDP | -14.41% |
| 2000 | 4.894 % of GDP | +3.01% |
| 1999 | 4.751 % of GDP | +16.33% |
| 1997 | 4.084 % of GDP | -7.06% |
| 1996 | 4.394 % of GDP | +11.30% |
Show all 40 rows
| Year | Value | Change % |
|---|---|---|
| 1995 | 3.948 % of GDP | +13.74% |
| 1994 | 3.471 % of GDP | -10.31% |
| 1987 | 3.87 % of GDP | +15.66% |
| 1986 | 3.346 % of GDP | -4.97% |
| 1985 | 3.521 % of GDP | +1.50% |
| 1984 | 3.469 % of GDP | -2.31% |
| 1983 | 3.551 % of GDP | +3.86% |
| 1982 | 3.419 % of GDP | -0.38% |
| 1981 | 3.432 % of GDP | -2.94% |
| 1980 | 3.536 % of GDP | -2.94% |
| 1979 | 3.643 % of GDP | +1.03% |
| 1978 | 3.606 % of GDP | -15.77% |
| 1977 | 4.281 % of GDP | -0.74% |
| 1976 | 4.313 % of GDP | +3.80% |
| 1975 | 4.155 % of GDP | +8.77% |
| 1974 | 3.82 % of GDP | +9.58% |
| 1973 | 3.486 % of GDP | -12.48% |
| 1972 | 3.983 % of GDP | +18.75% |
| 1971 | 3.354 % of GDP | -17.04% |
| 1970 | 4.043 % of GDP | — |
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