R&D expenditure (% of GDP) — all countries

R&D expenditure (% of GDP) — Panama

R&D expenditure (% of GDP) in Panama in 2024 — 0.2%. Ranked 23 in the world out of 30. Since 1996, the indicator has fallen by 0.14 pp.

2024 0.2% +0.04 pp vs 2023
World rank 23of 30
Period maximum 0.37%2000
Period minimum 0.06%2013

Trend over time

1996–2024 · % of GDP

R&D expenditure (% of GDP) — Panama, 1996–202400.10.20.30.419961999200220052008201120142017202020231996: 0.33%1997: 0.32%1998: 0.28%1999: 0.28%2000: 0.37%2001: 0.37%2002: 0.35%2003: 0.32%2004: 0.23%2005: 0.23%2006: 0.23%2007: 0.18%2008: 0.19%2009: 0.13%2010: 0.14%2011: 0.17%2012: 0.07%2013: 0.06%2014: 0.12%2015: 0.1%2016: 0.13%2017: 0.13%2018: 0.13%2019: 0.14%2020: 0.23%2021: 0.18%2022: 0.18%2023: 0.16%2024: 0.2%
Change over the period: −0.14 pp Annual average: 0 pp
R&D expenditure (% of GDP) — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2024 0.2 +0.04 pp
2023 0.16 −0.02 pp
2022 0.18 +0.01 pp
2021 0.18 −0.06 pp
2020 0.23 +0.1 pp
2019 0.14 +0 pp
2018 0.13 +0 pp
2017 0.13 +0 pp
2016 0.13 +0.02 pp
2015 0.1 −0.02 pp
2014 0.12 +0.06 pp
2013 0.06 −0.01 pp
2012 0.07 −0.09 pp
2011 0.17 +0.03 pp
2010 0.14 +0.01 pp
2009 0.13 −0.06 pp
2008 0.19 +0.01 pp
2007 0.18 −0.05 pp
2006 0.23 +0 pp
2005 0.23 +0 pp
2004 0.23 −0.1 pp
2003 0.32 −0.02 pp
2002 0.35 −0.02 pp
2001 0.37 −0 pp
2000 0.37 +0.09 pp
1999 0.28 +0 pp
1998 0.28 −0.03 pp
1997 0.32 −0.02 pp
1996 0.33

Central America, 2024

The same indicator for neighboring countries — with links to their pages

MX Mexico 0.25 PA Panama 0.2

About the indicator

Gross domestic expenditure on research and development (R&D) as a percentage of GDP — all current and capital spending by business, government, universities and nonprofit organizations on basic and applied research. The threshold of 3% of GDP is the target adopted in the EU; the leaders (Israel, South Korea) exceed 4.5%.

Source: UNESCO Institute for Statistics (UIS), license CC BY-SA 3.0 IGO.