Goods and services expense (% of expense) in Panama
Panama: Goods and services expense (% of expense) was 8.8% in 2021. ▼ Falling
Goods and services expense in Panama, 2014–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Panama is 8.8%, measured in 2021.
That represents a change of up 7.1% on the previous year and down 40.3% over ten years.
Panama ranks 118th of 154 countries on this measure, in the bottom quarter.
Goods and services expense (% of expense) in Panama, year by year
| Year | % of expense | Change |
|---|---|---|
| 2014 | 14.7% | — |
| 2015 | 12.6% | -14.5% |
| 2016 | 11.6% | -7.6% |
| 2017 | 11.5% | -0.9% |
| 2018 | 10.0% | -13.0% |
| 2019 | 11.5% | +14.9% |
| 2020 | 8.2% | -28.8% |
| 2021 | 8.8% | +7.1% |
Panama compared with similar countries
- Panama's 8.8% is below the median for high income countries, which is 9.6%, 92% of the median. (56 countries reporting)
- Panama's 8.8% is below the median for Latin America & Caribbean, which is 15.3%, 57% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.0% | 10.0% | 14.7% | 6 |
| 2020s | 8.5% | 8.2% | 8.8% | 2 |
Countries ranked near Panama
More public sector data for Panama
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Arms imports (SIPRI trend indicator values), per capita 0.832 SIPRI trend indicator values per person (1989)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (1989)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.3 % change on previous year (1989)
Frequently asked questions
- What is goods and services expense in Panama?
- Goods and services expense in Panama was 8.8% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Panama?
- The highest recorded value was 14.7% in 2014.
- What is the lowest goods and services expense recorded in Panama?
- The lowest recorded value was 8.2% in 2020.
- How does Panama rank for goods and services expense?
- Panama ranks 118th out of 154 countries with data for 2021.
- Is goods and services expense rising or falling in Panama?
- Over the last ten years it is down 40.3%. The long-run trend across the full record is falling.
- 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 Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.