Government revenues as a share of GDP in Panama
Panama: Government revenues as a share of GDP was 11.9% in 2021. ▼ Falling
Government revenues as a share of GDP in Panama, 2014–2021
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Panama recorded 11.9% for government revenues as a share of gdp in 2021. That is the lowest value across all 8 years on record.
Compared with earlier readings it is down 3.0% on the previous year and down 13.3% over ten years.
That places Panama 166th out of 174 countries with data for 2021, putting it in the bottom quarter.
Government revenues as a share of GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 13.7% | — |
| 2015 | 13.4% | -2.5% |
| 2016 | 13.2% | -1.0% |
| 2017 | 14.1% | +6.1% |
| 2018 | 13.9% | -1.4% |
| 2019 | 12.5% | -10.0% |
| 2020 | 12.3% | -1.6% |
| 2021 | 11.9% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.5% | 12.5% | 14.1% | 6 |
| 2020s | 12.1% | 11.9% | 12.3% | 2 |
Countries ranked near Panama
- 163 Tanzania, United Republic of 13.8% compare
- 164 Zimbabwe 13.2% compare
- 165 Lebanon 13.0% compare
- 167 Madagascar 11.6% compare
- 168 Bangladesh 11.2% compare
- 169 India 9.1% 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)
- Gross capital formation (constant 2015 US$), annual growth rate -7.13 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2986 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 5,722 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -4.99 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.3932 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 7,533 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -4.99 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.3932 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is government revenues as a share of gdp in Panama?
- Government revenues as a share of gdp in Panama was 11.9% in 2021, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest government revenues as a share of gdp recorded in Panama?
- The highest recorded value was 14.1% in 2017.
- What is the lowest government revenues as a share of gdp recorded in Panama?
- The lowest recorded value was 11.9% in 2021.
- How does Panama rank for government revenues as a share of gdp?
- Panama ranks 166th out of 174 countries with data for 2021.
- Is government revenues as a share of gdp rising or falling in Panama?
- Over the last ten years it is down 13.3%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.