Share of government consumption in GDP vs. share of population living in extreme poverty in Panama
Panama: Share of government consumption in GDP vs. share of population living in extreme poverty was 14.3% in 2023. ▬ Flat
Latest (2023)
14.3%
Change on year
down 7.0%
World rank
141st
of 184 countries
All-time high
27.2%
in 1985
All-time low
10.6%
in 2012
Years of data
74
1950–2023
Share of government consumption in GDP vs. share of population living in extreme poverty in Panama, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
In 2023, share of government consumption in gdp vs. share of population living in extreme poverty in Panama stood at 14.3%.
Compared with earlier readings it is down 7.0% on the previous year and up 28.4% over ten years.
Over the whole period, share of government consumption in gdp vs. share of population living in extreme poverty in Panama peaked at 27.2% in 1985 and was at its lowest, 10.6%, in 2012.
That places Panama 141st out of 184 countries with data for 2023, putting it in the bottom quarter.
Share of government consumption in GDP vs. share of population living in extreme poverty in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1950 | 14.0% | — |
| 1951 | 16.4% | +17.0% |
| 1952 | 18.7% | +13.6% |
| 1953 | 14.8% | -20.6% |
| 1954 | 14.6% | -1.7% |
| 1955 | 12.6% | -13.2% |
| 1956 | 12.8% | +1.1% |
| 1957 | 10.9% | -14.4% |
| 1958 | 11.4% | +4.0% |
| 1959 | 10.9% | -4.6% |
| 1960 | 12.3% | +13.6% |
| 1961 | 12.0% | -3.2% |
| 1962 | 12.3% | +2.6% |
| 1963 | 12.3% | -0.0% |
| 1964 | 12.3% | +0.2% |
| 1965 | 12.0% | -2.5% |
| 1966 | 12.6% | +4.9% |
| 1967 | 12.8% | +2.2% |
| 1968 | 13.0% | +1.6% |
| 1969 | 12.0% | -8.3% |
| 1970 | 17.5% | +46.5% |
| 1971 | 18.1% | +3.5% |
| 1972 | 20.1% | +11.0% |
| 1973 | 19.7% | -1.9% |
| 1974 | 20.2% | +2.1% |
| 1975 | 22.0% | +8.9% |
| 1976 | 22.3% | +1.7% |
| 1977 | 23.3% | +4.5% |
| 1978 | 22.5% | -3.7% |
| 1979 | 22.3% | -0.7% |
| 1980 | 21.9% | -1.8% |
| 1981 | 23.2% | +6.0% |
| 1982 | 26.7% | +14.9% |
| 1983 | 23.8% | -10.8% |
| 1984 | 25.6% | +7.5% |
| 1985 | 27.2% | +6.3% |
| 1986 | 26.4% | -2.9% |
| 1987 | 26.5% | +0.4% |
| 1988 | 24.4% | -7.8% |
| 1989 | 23.0% | -6.1% |
| 1990 | 20.6% | -10.2% |
| 1991 | 20.2% | -1.8% |
| 1992 | 18.0% | -11.0% |
| 1993 | 18.1% | +0.4% |
| 1994 | 17.7% | -2.0% |
| 1995 | 18.7% | +5.5% |
| 1996 | 18.0% | -3.6% |
| 1997 | 16.5% | -8.5% |
| 1998 | 15.9% | -3.8% |
| 1999 | 15.6% | -1.9% |
| 2000 | 15.1% | -2.9% |
| 2001 | 16.0% | +5.9% |
| 2002 | 16.5% | +2.7% |
| 2003 | 15.0% | -9.2% |
| 2004 | 15.1% | +0.6% |
| 2005 | 13.3% | -11.7% |
| 2006 | 12.5% | -5.9% |
| 2007 | 13.9% | +10.8% |
| 2008 | 13.7% | -1.1% |
| 2009 | 13.3% | -2.7% |
| 2010 | 13.2% | -1.2% |
| 2011 | 12.2% | -7.4% |
| 2012 | 10.6% | -13.2% |
| 2013 | 11.2% | +5.3% |
| 2014 | 11.3% | +1.7% |
| 2015 | 12.2% | +7.9% |
| 2016 | 13.5% | +10.4% |
| 2017 | 13.9% | +2.8% |
| 2018 | 14.2% | +2.1% |
| 2019 | 14.2% | +0.2% |
| 2020 | 18.8% | +32.3% |
| 2021 | 16.8% | -10.8% |
| 2022 | 15.4% | -8.3% |
| 2023 | 14.3% | -7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 13.7% | 10.9% | 18.7% | 10 |
| 1960s | 12.4% | 12.0% | 13.0% | 10 |
| 1970s | 20.8% | 17.5% | 23.3% | 10 |
| 1980s | 24.9% | 21.9% | 27.2% | 10 |
| 1990s | 18.0% | 15.6% | 20.6% | 10 |
| 2000s | 14.4% | 12.5% | 16.5% | 10 |
| 2010s | 12.7% | 10.6% | 14.2% | 10 |
| 2020s | 16.3% | 14.3% | 18.8% | 4 |
Countries ranked near Panama
More poverty & inequality data for Panama
- Number of income/consumption surveys in the past decade available via the World Bank 7 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 2.12 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,226 kg per hectare (2024)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2024)
- Cereal yield vs extreme poverty, annual growth rate -5.59 % change on previous year (2024)
- Tax revenues vs income inequality, gaps filled 12.5 (2023)
- Tax revenue as share of GDP vs. income inequality 12.5% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is share of government consumption in gdp vs. share of population living in extreme poverty in Panama?
- Share of government consumption in gdp vs. share of population living in extreme poverty in Panama was 14.3% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of government consumption in gdp vs. share of population living in extreme poverty recorded in Panama?
- The highest recorded value was 27.2% in 1985.
- What is the lowest share of government consumption in gdp vs. share of population living in extreme poverty recorded in Panama?
- The lowest recorded value was 10.6% in 2012.
- How does Panama rank for share of government consumption in gdp vs. share of population living in extreme poverty?
- Panama ranks 141st out of 184 countries with data for 2023.
- Is share of government consumption in gdp vs. share of population living in extreme poverty rising or falling in Panama?
- Over the last ten years it is up 28.4%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of government consumption in GDP vs. share of population living in extreme poverty. Statizoid updates them automatically from the source API.
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About this data
Government consumption divided by gross domestic product, expressed as a percentage.