Share of products from least-developed countries that have no tariff in Panama
Panama: Share of products from least-developed countries that have no tariff was 49.9% in 2024. ▲ Rising
Share of products from least-developed countries that have no tariff in Panama, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
In 2024, share of products from least-developed countries that have no tariff in Panama stood at 49.9%.
The figure is up 0.4% on the previous year and up 23.1% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Panama peaked at 51.2% in 2021 and was at its lowest, 29.4%, in 2005.
That places Panama 182nd out of 230 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 29.4% | — |
| 2010 | 39.2% | +33.3% |
| 2015 | 40.5% | +3.4% |
| 2016 | 40.7% | +0.5% |
| 2017 | 43.4% | +6.5% |
| 2018 | 40.0% | -7.7% |
| 2019 | 49.2% | +23.0% |
| 2020 | 48.7% | -1.0% |
| 2021 | 51.2% | +5.1% |
| 2022 | 49.2% | -3.9% |
| 2023 | 49.7% | +1.0% |
| 2024 | 49.9% | +0.4% |
Panama compared with similar countries
- Panama's 49.9% is below the median for high income countries, which is 64.9%, 77% of the median. (80 countries reporting)
- Panama's 49.9% is below the median for Latin America & Caribbean, which is 68.3%, 73% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.4% | 29.4% | 29.4% | 1 |
| 2010s | 42.2% | 39.2% | 49.2% | 6 |
| 2020s | 49.7% | 48.7% | 51.2% | 5 |
Countries ranked near Panama
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 share of products from least-developed countries that have no tariff in Panama?
- Share of products from least-developed countries that have no tariff in Panama was 49.9% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Panama?
- The highest recorded value was 51.2% in 2021.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Panama?
- The lowest recorded value was 29.4% in 2005.
- How does Panama rank for share of products from least-developed countries that have no tariff?
- Panama ranks 182nd out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Panama?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
Download this data
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).