Government expenditure on education, budget share | Panama – yearly data, chart and table
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Overview
Government expenditure on education in Panama in 2023 was amounted to 11.92% of budget. In 2022, the value was 15.73%. This is the first year of decline after a period of growth. Since 1995, for the whole period of data from UNESCO, this indicator has decreased in 1.53 times. The lowest education spending was recorded in 2019, with a value of 10.09% of general government expenditure. The maximum general government education expenditure was in 2000, when it reached 19.83% of budget of Panama.
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About indicator
Expenditure on education, total (% of government expenditure) is calculated by dividing total government expenditure on education by the total government expenditure on all sectors and multiplying by 100. Aggregate data are based on World Bank estimates. Data on education are collected by the UNESCO Institute for Statistics from official responses to its annual education survey. All the data are mapped to the International Standard Classification of Education (ISCED) to ensure the comparability of education programs at the international level. The current version was formally adopted by UNESCO Member States in 2011. Data on total general government expenditure were previously collected from countries through the annual questionnaire, but are from the International Monetary Fund's World Economic Outlook database since January 2014. Therefore, current data cannot be compared with data in earlier editions. The reference years reflect the school year for which the data are presented. In some countries the school year spans two calendar years (for example, from September 2010 to June 2011); in these cases the reference year refers to the year in which the school year ended (2011 in the example).
