Wage bill as a percentage of Public Expenditure in Panama

Panama: Wage bill as a percentage of Public Expenditure was 31.6% in 2022. ▲ Rising

Latest (2022)
31.6%
Change on year
up 3.2%
World rank
41st
of 191 countries
All-time high
31.6%
in 2022
All-time low
20.2%
in 2009
Years of data
23
2000–2022

Wage bill as a percentage of Public Expenditure in Panama, 2000–2022

01020302000201120222000: 27.82001: 28.42002: 28.72003: 282004: 27.82005: 26.92006: 26.62007: 23.22008: 20.32009: 20.22010: 20.82011: 22.22012: 21.72013: 21.42014: 222015: 23.52016: 25.72017: 27.22018: 27.22019: 28.92020: 30.12021: 30.72022: 31.6

Source: World Bank.

Analysis

In 2022, wage bill as a percentage of public expenditure in Panama stood at 31.6%. That is the highest value across all 23 years on record.

That represents a change of up 3.2% on the previous year and up 45.8% over ten years.

Over the whole period, wage bill as a percentage of public expenditure in Panama peaked at 31.6% in 2022 and was at its lowest, 20.2%, in 2009.

Panama ranks 41st of 191 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 23 years of available data.

Wage bill as a percentage of Public Expenditure in Panama, year by year

Annual values for Wage bill as a percentage of Public Expenditure in Panama, 2000 to 2022.
Year Value Change
2000 27.8%
2001 28.4% +2.2%
2002 28.7% +0.8%
2003 28.0% -2.4%
2004 27.8% -0.7%
2005 26.9% -3.3%
2006 26.6% -1.0%
2007 23.2% -12.9%
2008 20.3% -12.3%
2009 20.2% -0.8%
2010 20.8% +3.4%
2011 22.2% +6.4%
2012 21.7% -2.1%
2013 21.4% -1.2%
2014 22.0% +2.5%
2015 23.5% +6.9%
2016 25.7% +9.3%
2017 27.2% +6.1%
2018 27.2% -0.2%
2019 28.9% +6.4%
2020 30.1% +4.0%
2021 30.7% +1.9%
2022 31.6% +3.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 25.8% 20.2% 28.7% 10
2010s 24.1% 20.8% 28.9% 10
2020s 30.8% 30.1% 31.6% 3

Countries ranked near Panama

  1. 38 Iraq 32.3% compare
  2. 39 Qatar 31.8% compare
  3. 40 Zimbabwe 31.8% compare
  4. 42 Bhutan 31.4% compare
  5. 43 South Africa 31.2% compare
  6. 44 Haiti 31.1% compare

See the full ranking of 191 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is wage bill as a percentage of public expenditure in Panama?
Wage bill as a percentage of public expenditure in Panama was 31.6% in 2022, according to the World Bank.
What is the highest wage bill as a percentage of public expenditure recorded in Panama?
The highest recorded value was 31.6% in 2022.
What is the lowest wage bill as a percentage of public expenditure recorded in Panama?
The lowest recorded value was 20.2% in 2009.
How does Panama rank for wage bill as a percentage of public expenditure?
Panama ranks 41st out of 191 countries with data for 2022.
Is wage bill as a percentage of public expenditure rising or falling in Panama?
Over the last ten years it is up 45.8%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from the World Bank, published as part of Wage bill as a percentage of Public Expenditure. Statizoid updates them automatically from the source API.

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Wage bill as a percentage of Public Expenditure in Panama. Statizoid. Retrieved 25 August 2026, from https://reference.statizoid.com/stat/wage-bill-as-a-percentage-of-public-expenditure/panama/

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About this data

Indicator
Wage bill as a percentage of Public Expenditure
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
191 places, 4,119 data points, 2000–2022
Last refreshed