Government expenditure on tertiary education, US$ in Panama

Panama: Government expenditure on tertiary education, US$ was 281.71 millions in 2012. ◆ Volatile

Latest (2012)
281.71 millions
Change on year
up 15.6%
World rank
85th
of 158 countries
All-time high
281.71 millions
in 2012
All-time low
5.69 millions
in 1970
Years of data
29
1970–2012

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

01002003001970199120121970: 5.7 millions1971: 6 millions1972: 7.7 millions1973: 9.8 millions1974: 12.9 millions1975: 14.2 millions1976: 14.8 millions1977: 16.1 millions1978: 17.1 millions1979: 19.6 millions1980: 23.8 millions1981: 31.9 millions1982: 40.8 millions1983: 42.9 millions1984: 45.5 millions1985: 48.3 millions1986: 50.9 millions1987: 66.7 millions1994: 85.1 millions1995: 87.5 millions1996: 99 millions1997: 110 millions1999: 144.7 millions2000: 148.4 millions2001: 135.8 millions2002: 153.2 millions2004: 152.3 millions2011: 243.7 millions2012: 281.7 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2012, government expenditure on tertiary education, us$ in Panama stood at 281.71 millions. That is the highest value across all 29 years on record.

Compared with earlier readings it is up 15.6% on the previous year and up 83.9% over ten years.

Over the whole period, government expenditure on tertiary education, us$ in Panama peaked at 281.71 millions in 2012 and was at its lowest, 5.69 millions, in 1970.

That places Panama 85th out of 158 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 12.38 millions 5.69 millions 19.56 millions 10
1980s 43.85 millions 23.79 millions 66.67 millions 8
1990s 105.26 millions 85.06 millions 144.72 millions 5
2000s 147.45 millions 135.8 millions 153.22 millions 4
2010s 262.71 millions 243.7 millions 281.71 millions 2

Countries ranked near Panama

  1. 82 Estonia 305.48 millions compare
  2. 83 Luxembourg 295.31 millions compare
  3. 84 Paraguay 289.17 millions compare
  4. 86 Cote d'Ivoire 263.66 millions compare
  5. 87 Cyprus 262.79 millions compare
  6. 88 Azerbaijan 211.9 millions compare

See the full ranking of 158 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is government expenditure on tertiary education, us$ in Panama?
Government expenditure on tertiary education, us$ in Panama was 281.71 millions in 2012, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, us$ recorded in Panama?
The highest recorded value was 281.71 millions in 2012.
What is the lowest government expenditure on tertiary education, us$ recorded in Panama?
The lowest recorded value was 5.69 millions in 1970.
How does Panama rank for government expenditure on tertiary education, us$?
Panama ranks 85th out of 158 countries with data for 2012.
Is government expenditure on tertiary education, us$ rising or falling in Panama?
Over the last ten years it is up 83.9%. 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, US$ (millions). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Government expenditure on tertiary education, US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
158 places, 3,257 data points, 1970–2019
Last refreshed

Total general (local, regional and central) government expenditure on tertiary education (current, capital, and transfers) in millions US$ (nominal value). 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$. 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/