Central government revenues as a share of GDP in Panama
Panama: Central government revenues as a share of GDP was 10.7% in 2024. ▼ Falling
Central government revenues as a share of GDP in Panama, 2014–2024
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, central government revenues as a share of gdp in Panama stood at 10.7%. That is the lowest value across all 11 years on record.
The figure is down 10.9% on the previous year and down 19.2% over ten years.
Over the whole period, central government revenues as a share of gdp in Panama peaked at 13.4% in 2017 and was at its lowest, 10.7%, in 2024.
That places Panama 148th out of 157 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Central government revenues as a share of GDP in Panama, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 13.2% | — |
| 2015 | 12.8% | -3.1% |
| 2016 | 12.7% | -1.0% |
| 2017 | 13.4% | +6.0% |
| 2018 | 13.2% | -1.9% |
| 2019 | 11.8% | -10.3% |
| 2020 | 11.5% | -2.8% |
| 2021 | 11.4% | -1.2% |
| 2022 | 12.0% | +5.4% |
| 2023 | 12.0% | +0.1% |
| 2024 | 10.7% | -10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.9% | 11.8% | 13.4% | 6 |
| 2020s | 11.5% | 10.7% | 12.0% | 5 |
Countries ranked near Panama
- 145 Mali 12.7% compare
- 146 Madagascar 12.2% compare
- 147 Sri Lanka 11.1% compare
- 149 Guinea-Bissau 10.2% compare
- 150 Bangladesh 9.5% compare
- 151 India 9.4% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is central government revenues as a share of gdp in Panama?
- Central government revenues as a share of gdp in Panama was 10.7% in 2024, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest central government revenues as a share of gdp recorded in Panama?
- The highest recorded value was 13.4% in 2017.
- What is the lowest central government revenues as a share of gdp recorded in Panama?
- The lowest recorded value was 10.7% in 2024.
- How does Panama rank for central government revenues as a share of gdp?
- Panama ranks 148th out of 157 countries with data for 2024.
- Is central government revenues as a share of gdp rising or falling in Panama?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Central 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. Grants excluded.