Effective tax rates - Corporate tax statistics — Effective average in Panama
Panama: Effective tax rates - Corporate tax statistics — Effective average was 20.25 Percentage of taxable income in 2025. ▬ Flat
Effective tax rates - Corporate tax statistics — Effective average in Panama, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
The most recent figure for effective tax rates - corporate tax statistics — effective average in Panama is 20.25 Percentage of taxable income, measured in 2025.
That represents a change of up 2.6% on the previous year and down 3.5% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective average in Panama peaked at 20.98 Percentage of taxable income in 2017 and was at its lowest, 19.17 Percentage of taxable income, in 2020.
Panama ranks 66th of 99 countries on this measure, in the middle of the range.
Effective tax rates - Corporate tax statistics — Effective average in Panama, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 20.98 Percentage of taxable income | — |
| 2018 | 20.33 Percentage of taxable income | -3.1% |
| 2019 | 19.64 Percentage of taxable income | -3.4% |
| 2020 | 19.17 Percentage of taxable income | -2.4% |
| 2021 | 19.21 Percentage of taxable income | +0.2% |
| 2022 | 19.46 Percentage of taxable income | +1.3% |
| 2023 | 19.7 Percentage of taxable income | +1.2% |
| 2024 | 19.74 Percentage of taxable income | +0.2% |
| 2025 | 20.25 Percentage of taxable income | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.32 Percentage of taxable income | 19.64 Percentage of taxable income | 20.98 Percentage of taxable income | 3 |
| 2020s | 19.59 Percentage of taxable income | 19.17 Percentage of taxable income | 20.25 Percentage of taxable income | 6 |
Countries ranked near Panama
- 63 United Kingdom of Great Britain and Northern Ireland 21.52 Percentage of taxable income compare
- 64 Slovenia 21.04 Percentage of taxable income compare
- 65 Ukraine 20.64 Percentage of taxable income compare
- 67 Tunisia 20.11 Percentage of taxable income compare
- 68 Latvia 19.09 Percentage of taxable income compare
- 69 Switzerland 19 Percentage of taxable income compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 0.359 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.4436 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 8,500 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 1.65 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4414 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 8,457 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 1.55 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.314 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is effective tax rates - corporate tax statistics — effective average in Panama?
- Effective tax rates - corporate tax statistics — effective average in Panama was 20.25 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates - corporate tax statistics — effective average recorded in Panama?
- The highest recorded value was 20.98 Percentage of taxable income in 2017.
- What is the lowest effective tax rates - corporate tax statistics — effective average recorded in Panama?
- The lowest recorded value was 19.17 Percentage of taxable income in 2020.
- How does Panama rank for effective tax rates - corporate tax statistics — effective average?
- Panama ranks 66th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective average rising or falling in Panama?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators calculated on the basis of a prospective, hypothetical investment project. Unlike backward-looking ETRs, they do not incorporate any information about firms' actual tax payments.The OECD methodology has been described in detail in the OECD Taxation Working Paper No. 38 (Hanappi, 2018). Further methodological information is available in the explanatory annex.