Flag of pa

Panama R&D Expenditure (% GDP)

Panama's R&D expenditure (% GDP) fell to 0.16% in 2023, down from 0.18% in 2022, according to World Bank. This represents a decrease of 0.02% from the previous year. Panama has the 20th lowest R&D expenditure (% GDP). Within Americas, it ranks 13th out of 18 countries.

Yearly Historical Data (1996-2023)

(in %)
Year R&D Expenditure (% GDP)
2023 0.16%
2022 0.18%
2021 0.18%
2020 0.23%
2019 0.14%
2018 0.13%
2017 0.14%
2016 0.13%
2015 0.11%
2014 0.12%
2013 0.06%
2012 0.08%
2011 0.17%
2010 0.14%
2009 0.13%
2008 0.19%
2007 0.18%
2006 0.24%
2005 0.23%
2004 0.23%
2003 0.32%
2002 0.34%
2001 0.36%
2000 0.36%
1999 0.27%
1998 0.27%
1997 0.3%
1996 0.31%
Panama R&D Expenditure (% GDP) : Definition
R&D Expenditure (% GDP) measures the percentage of Panama's total economic output spent on research and development.
Indicator Last Value Prior Value Period
GDP $86.26B $83.32B 2024
GDP Annual Growth Rate 2.86% 7.4% 2024
GDP per Capita $17,137.35 $16,872.88 2024
GDP per Capita PPP $36,426.01 $35,863.88 2024
Real GDP $77.39B $75.23B 2024