Environmentally related tax revenue in Panama
Panama: Environmentally related tax revenue was 0.3751 Percentage of GDP in 2024. ◆ Volatile
Environmentally related tax revenue in Panama, 1994–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Panama recorded 0.3751 Percentage of GDP for environmentally related tax revenue in 2024.
The figure is down 3.6% on the previous year and down 37.5% over ten years.
Over the whole period, environmentally related tax revenue in Panama peaked at 1.14 Percentage of GDP in 1999 and was at its lowest, 0.1163 Percentage of GDP, in 1996.
That places Panama 95th out of 123 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Environmentally related tax revenue in Panama, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1994 | 0.132 Percentage of GDP | — |
| 1995 | 0.121 Percentage of GDP | -8.3% |
| 1996 | 0.1163 Percentage of GDP | -3.9% |
| 1997 | 0.4312 Percentage of GDP | +270.8% |
| 1998 | 1.08 Percentage of GDP | +150.2% |
| 1999 | 1.14 Percentage of GDP | +5.9% |
| 2000 | 1.01 Percentage of GDP | -11.9% |
| 2001 | 0.9678 Percentage of GDP | -3.9% |
| 2002 | 0.997 Percentage of GDP | +3.0% |
| 2003 | 0.9489 Percentage of GDP | -4.8% |
| 2004 | 0.751 Percentage of GDP | -20.9% |
| 2005 | 0.4945 Percentage of GDP | -34.1% |
| 2006 | 0.5363 Percentage of GDP | +8.4% |
| 2007 | 0.4818 Percentage of GDP | -10.2% |
| 2008 | 0.395 Percentage of GDP | -18.0% |
| 2009 | 0.4602 Percentage of GDP | +16.5% |
| 2010 | 0.3193 Percentage of GDP | -30.6% |
| 2011 | 0.2526 Percentage of GDP | -20.9% |
| 2012 | 0.562 Percentage of GDP | +122.5% |
| 2013 | 0.5515 Percentage of GDP | -1.9% |
| 2014 | 0.6005 Percentage of GDP | +8.9% |
| 2015 | 0.6088 Percentage of GDP | +1.4% |
| 2016 | 0.6454 Percentage of GDP | +6.0% |
| 2017 | 0.5773 Percentage of GDP | -10.5% |
| 2018 | 0.4703 Percentage of GDP | -18.5% |
| 2019 | 0.4781 Percentage of GDP | +1.7% |
| 2020 | 0.3357 Percentage of GDP | -29.8% |
| 2021 | 0.3787 Percentage of GDP | +12.8% |
| 2022 | 0.3856 Percentage of GDP | +1.8% |
| 2023 | 0.3892 Percentage of GDP | +0.9% |
| 2024 | 0.3751 Percentage of GDP | -3.6% |
Panama compared with similar countries
- Panama's 0.3751 Percentage of GDP is below the median for high income countries, which is 1.54 Percentage of GDP, 24% of the median. (43 countries reporting)
- Panama's 0.3751 Percentage of GDP is below the median for Latin America & Caribbean, which is 0.7922 Percentage of GDP, 47% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Environmentally related tax revenue in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +270.8% | 0.1163 Percentage of GDP | 0.4312 Percentage of GDP |
| 1998 | +150.2% | 0.4312 Percentage of GDP | 1.08 Percentage of GDP |
| 2012 | +122.5% | 0.2526 Percentage of GDP | 0.562 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5038 Percentage of GDP | 0.1163 Percentage of GDP | 1.14 Percentage of GDP | 6 |
| 2000s | 0.704 Percentage of GDP | 0.395 Percentage of GDP | 1.01 Percentage of GDP | 10 |
| 2010s | 0.5066 Percentage of GDP | 0.2526 Percentage of GDP | 0.6454 Percentage of GDP | 10 |
| 2020s | 0.3729 Percentage of GDP | 0.3357 Percentage of GDP | 0.3892 Percentage of GDP | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
Frequently asked questions
- What is environmentally related tax revenue in Panama?
- Environmentally related tax revenue in Panama was 0.3751 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest environmentally related tax revenue recorded in Panama?
- The highest recorded value was 1.14 Percentage of GDP in 1999.
- What is the lowest environmentally related tax revenue recorded in Panama?
- The lowest recorded value was 0.1163 Percentage of GDP in 1996.
- How does Panama rank for environmentally related tax revenue?
- Panama ranks 95th out of 123 countries with data for 2024.
- Is environmentally related tax revenue rising or falling in Panama?
- Over the last ten years it is down 37.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Environmentally related tax revenue. Statizoid updates them automatically from the source API.
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About this data
<!DOCTYPE html> ERTR Database body { font-family: Arial, sans-serif; font-size: 11px; } p { font-family: Arial, sans-serif; font-size: 11px; } Environmentally related taxes are effective policy instruments to shape relative prices of goods and services. The Environmental Related Tax Revenue Database (ERTR) categorises taxes based on their environmental relevance, constructing environmentally related tax revenue with a breakdown by tax-base category (including energy, transport, pollution, and resources) and 22 environmental domains. Note that tax-base categories are mutually exclusive, while domains are not. Therefore, one should not aggregate revenue across domains as it may lead to double counting. Data source(s): ERTR draws from the OECD Policy Instruments for the Environment (PINE) database. The database contains detailed qualitative and quantitative information on environmentally related taxes and fees, tradable permits and offsets, deposit-refund schemes, environmentally beneficial subsidies and payments and voluntary approaches used for environmental policy. It is updated annually and covers OECD member countries, accession countries and selected non-OECD countries. The data has been cross-validated and complemented with Revenue statistics from the Global Revenue Statistics databases, Eurostat National Tax Lists, and official national sources. Contact: pinedatabase@oecd.org Dataset release date: July 2026 For further details on the dataset consult the dataset documentation and oe.cd/pine. For revenue data at the individual-tax level, please consult https://oe.cd/pinedatabase.