R&D spending share of GDP in Panama

Spending on research and development in Panama was equal to 0.20% of GDP in 2024.

Measure: Research and development expenditure (UNESCO) Unit: % of GDP Data: 1996 to 2024 Source: World Bank
Panama, 2024 0.20% % of GDP
Change from 2023 +0.04percentage points 2023: 0.16%
World, 2023 2.60% Official aggregate Not the same period as Panama (2024).

R&D spending share of GDP in Panama over time

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Panama World ×

% of GDP. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.

Research and development expenditure (UNESCO) (% of GDP), 2000 to 2024
Period PanamaWorld
2024 0.20% –
2023 0.16% 2.60%
2022 0.18% 2.57%
2021 0.18% 2.52%
2020 0.23% 2.46%
2019 0.14% 2.26%
2018 0.13% 2.22%
2017 0.13% 2.14%
2016 0.13% 2.15%
2015 0.10% 2.10%
2014 0.12% 2.09%
2013 0.06% 1.98%
2012 0.07% 2.01%
2011 0.17% 1.98%
2010 0.14% 2.00%
2009 0.13% 2.01%
2008 0.19% 1.98%
2007 0.18% 1.92%
2006 0.23% 1.96%
2005 0.23% 1.95%
2004 0.23% 1.97%
2003 0.32% 2.02%
2002 0.35% 2.03%
2001 0.37% 2.06%
2000 0.37% 2.05%

A dash means no value was published for that period.

In short

  • That is a change of +0.04 percentage points from 0.16% in 2023.
  • Since 2014, when it was 0.12%, the figure has changed by +0.08 percentage points.

Source and dates

Original producer
UNESCO Institute for Statistics
Distributed by
World Bank, World Development Indicators
Dataset or series code
GB.XPD.RSDV.GD.ZS · dataset details · view at source
Observation period
1996 to 2024 for Panama
Provider update
8 October 2026
Retrieved
9 November 2026
Published here
9 November 2026
Licence
CC BY 4.0 (per series metadata)
Attribution
Source: World Bank, World Development Indicators, original data: UNESCO Institute for Statistics