Government expenditure on tertiary education, constant US$ in Panama

Panama: Government expenditure on tertiary education, constant US$ was 329.38 millions in 2012. ◆ Volatile

Latest (2012)
329.38 millions
Change on year
up 8.9%
World rank
79th
of 153 countries
All-time high
329.38 millions
in 2012
All-time low
28.9 millions
in 1970
Years of data
29
1970–2012

Government expenditure on tertiary education, constant US$ in Panama, 1970–2012

01002003001970199120121970: 28.9 millions1971: 29.5 millions1972: 36.2 millions1973: 42.4 millions1974: 49.9 millions1975: 50.2 millions1976: 50.3 millions1977: 52.3 millions1978: 51.2 millions1979: 53.7 millions1980: 59.4 millions1981: 76.8 millions1982: 93.7 millions1983: 91.7 millions1984: 95.5 millions1985: 100.8 millions1986: 105.7 millions1987: 135.4 millions1994: 153.8 millions1995: 157.6 millions1996: 179.8 millions1997: 196.7 millions1999: 254.1 millions2000: 263.9 millions2001: 239 millions2002: 265.2 millions2004: 255.7 millions2011: 302.5 millions2012: 329.4 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

Panama recorded 329.38 millions for government expenditure on tertiary education, constant us$ in 2012. That is the highest value across all 29 years on record.

The figure is up 8.9% on the previous year and up 24.2% over ten years.

Over the whole period, government expenditure on tertiary education, constant us$ in Panama peaked at 329.38 millions in 2012 and was at its lowest, 28.9 millions, in 1970.

That places Panama 79th out of 153 countries with data for 2012, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 44.47 millions 28.9 millions 53.75 millions 10
1980s 94.87 millions 59.35 millions 135.4 millions 8
1990s 188.39 millions 153.81 millions 254.07 millions 5
2000s 255.94 millions 238.96 millions 265.19 millions 4
2010s 315.96 millions 302.54 millions 329.38 millions 2

Countries ranked near Panama

  1. 76 Lebanon 353.37 millions compare
  2. 77 Iceland 336.81 millions compare
  3. 78 Guatemala 331.32 millions compare
  4. 80 Estonia 305.48 millions compare
  5. 81 Paraguay 298.08 millions compare
  6. 82 Tanzania 297.74 millions compare

See the full ranking of 153 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is government expenditure on tertiary education, constant us$ in Panama?
Government expenditure on tertiary education, constant us$ in Panama was 329.38 millions in 2012, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, constant us$ recorded in Panama?
The highest recorded value was 329.38 millions in 2012.
What is the lowest government expenditure on tertiary education, constant us$ recorded in Panama?
The lowest recorded value was 28.9 millions in 1970.
How does Panama rank for government expenditure on tertiary education, constant us$?
Panama ranks 79th out of 153 countries with data for 2012.
Is government expenditure on tertiary education, constant us$ rising or falling in Panama?
Over the last ten years it is up 24.2%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on tertiary education, constant US$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on tertiary education, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
153 places, 3,093 data points, 1970–2019
Last refreshed

Total general (local, regional and central) government expenditure on tertiary education (current, capital, and transfers) in millions US$ in constant value (taking into account inflation). It includes expenditure funded by transfers from international sources to government. Total government expenditure for a given level of education (e.g. primary, secondary, or all levels combined) in national currency is converted to US$, and where it is expressed in constant value, uses a GDP deflator to account for inflation. The constant prices base year is normally three years before the year of the data release. For example, in the July 2017 data release, constant US$ values are expressed in 2014 prices. Limitations: In some instances data on total government expenditure on education refers only to the Ministry of Education, excluding other ministries which may also spend a part of their budget on educational activities. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/