Median and mean income (after tax) in Panama
Panama: Median and mean income (after tax) was 16,343 international-$ in 2021 prices in 2019. ▲ Rising
Latest (2019)
16,343 international-$ in 2021 prices
Change on year
up 2.7%
World rank
34th
of 47 countries
All-time high
16,343 international-$ in 2021 prices
in 2019
All-time low
9,809 international-$ in 2021 prices
in 1998
Years of data
24
1996–2019
Median and mean income (after tax) in Panama, 1996–2019
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Panama recorded 16,343 international-$ in 2021 prices for median and mean income (after tax) in 2019. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 2.7% on the previous year and up 42.5% over ten years.
Over the whole period, median and mean income (after tax) in Panama peaked at 16,343 international-$ in 2021 prices in 2019 and was at its lowest, 9,809 international-$ in 2021 prices, in 1998.
That places Panama 34th out of 47 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Median and mean income (after tax) in Panama, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1996 | 9,889 international-$ in 2021 prices | — |
| 1997 | 9,939 international-$ in 2021 prices | +0.5% |
| 1998 | 9,809 international-$ in 2021 prices | -1.3% |
| 1999 | 10,418 international-$ in 2021 prices | +6.2% |
| 2000 | 10,405 international-$ in 2021 prices | -0.1% |
| 2001 | 10,277 international-$ in 2021 prices | -1.2% |
| 2002 | 10,682 international-$ in 2021 prices | +3.9% |
| 2003 | 10,796 international-$ in 2021 prices | +1.1% |
| 2004 | 10,923 international-$ in 2021 prices | +1.2% |
| 2005 | 10,656 international-$ in 2021 prices | -2.4% |
| 2006 | 10,677 international-$ in 2021 prices | +0.2% |
| 2007 | 11,053 international-$ in 2021 prices | +3.5% |
| 2008 | 11,593 international-$ in 2021 prices | +4.9% |
| 2009 | 11,467 international-$ in 2021 prices | -1.1% |
| 2010 | 11,619 international-$ in 2021 prices | +1.3% |
| 2011 | 12,293 international-$ in 2021 prices | +5.8% |
| 2012 | 12,711 international-$ in 2021 prices | +3.4% |
| 2013 | 13,164 international-$ in 2021 prices | +3.6% |
| 2014 | 13,160 international-$ in 2021 prices | -0.0% |
| 2015 | 14,566 international-$ in 2021 prices | +10.7% |
| 2016 | 15,134 international-$ in 2021 prices | +3.9% |
| 2017 | 14,944 international-$ in 2021 prices | -1.3% |
| 2018 | 15,913 international-$ in 2021 prices | +6.5% |
| 2019 | 16,343 international-$ in 2021 prices | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10,014 international-$ in 2021 prices | 9,809 international-$ in 2021 prices | 10,418 international-$ in 2021 prices | 4 |
| 2000s | 10,853 international-$ in 2021 prices | 10,277 international-$ in 2021 prices | 11,593 international-$ in 2021 prices | 10 |
| 2010s | 13,985 international-$ in 2021 prices | 11,619 international-$ in 2021 prices | 16,343 international-$ in 2021 prices | 10 |
Countries ranked near Panama
- 31 Romania 19,534 international-$ in 2021 prices compare
- 32 Slovakia 18,834 international-$ in 2021 prices compare
- 33 Uruguay 18,114 international-$ in 2021 prices compare
- 35 Chile 15,611 international-$ in 2021 prices compare
- 36 Hungary 14,982 international-$ in 2021 prices compare
- 37 Paraguay 12,854 international-$ in 2021 prices 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -2.61 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3966 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 7,600 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 78.89 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 78.89 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0262 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 518.14 current LCU per person (2025)
Frequently asked questions
- What is median and mean income (after tax) in Panama?
- Median and mean income (after tax) in Panama was 16,343 international-$ in 2021 prices in 2019, according to Luxembourg Income Study (2026) – with minor processing by Our World in Data.
- What is the highest median and mean income (after tax) recorded in Panama?
- The highest recorded value was 16,343 international-$ in 2021 prices in 2019.
- What is the lowest median and mean income (after tax) recorded in Panama?
- The lowest recorded value was 9,809 international-$ in 2021 prices in 1998.
- How does Panama rank for median and mean income (after tax)?
- Panama ranks 34th out of 47 countries with data for 2019.
- Is median and mean income (after tax) rising or falling in Panama?
- Over the last ten years it is up 42.5%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as part of Median and mean income (after tax). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Average income per year of the population.