Panama: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 2.45 billion Panamanian Balboa as of Q2 2024, an increase compared to the previous value of 2.4 billion Panamanian Balboa. Historically, the average for Panama from Q1 2018 to Q2 2024 is 2.21 billion Panamanian Balboa. The minimum of 1.69 billion Panamanian Balboa was recorded in Q2 2018, while the maximum of 3.02 billion Panamanian Balboa was reached in Q4 2023.
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* indicates monthly or quarterly data series
- Measure: billion Panamanian Balboa
- Source: National Institute of Statistics and Census of Panama
| Recent values | Panama: Government expenditure, billion currency units |
|---|---|
| 2024 Q2 | 2.45 |
| 2024 Q1 | 2.4 |
| 2023 Q4 | 3.02 |
| 2023 Q3 | 2.48 |
| 2023 Q2 | 2.32 |
| 2023 Q1 | 2.33 |
| 2022 Q4 | 2.87 |
| 2022 Q3 | 2.41 |
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Definition: Total spending by all levels of government but excluding public enterprises.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.76 | 2022 | percent |
| Government spending, in dollars | 10.15 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.95 | 2023 | percent |
| Government debt | 56.44 | 2023 | percent |
| Government expenditure | 2.45 | Q2/2024 | billion |
| Tax revenue | 7.46 | 2021 | percent |
| Commercial tax rate | 37.20 | 2019 | percent |
| Tax preparation time | 408 | 2019 | hours |
| Number of taxes | 36 | 2019 | taxes |
| Taxes on goods and services | 33.26 | 2021 | percent |
| Taxes on international trade | 3.79 | 2021 | percent |
| Income and profits taxes | 29.06 | 2021 | percent |
| Foreign aid | 130.17 | 2022 | million U.S. dollars |