Proportion tariff lines applied to imports from ldcs in Panama
Panama: Proportion tariff lines applied to imports from ldcs was 49.89 in 2024. ▲ Rising
Latest (2024)
49.89
Change on year
up 0.4%
World rank
182nd
of 230 countries
All-time high
51.2
in 2021
All-time low
29.42
in 2005
Years of data
12
2005–2024
Proportion tariff lines applied to imports from ldcs in Panama, 2005–2024
Source: Our World in Data.
Analysis
In 2024, proportion tariff lines applied to imports from ldcs in Panama stood at 49.89.
The figure is up 0.4% on the previous year and up 23.1% over ten years.
Over the whole period, proportion tariff lines applied to imports from ldcs in Panama peaked at 51.2 in 2021 and was at its lowest, 29.42, 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.
Proportion tariff lines applied to imports from ldcs in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 29.42 | — |
| 2010 | 39.22 | +33.3% |
| 2015 | 40.54 | +3.4% |
| 2016 | 40.74 | +0.5% |
| 2017 | 43.37 | +6.5% |
| 2018 | 40.03 | -7.7% |
| 2019 | 49.23 | +23.0% |
| 2020 | 48.73 | -1.0% |
| 2021 | 51.2 | +5.1% |
| 2022 | 49.19 | -3.9% |
| 2023 | 49.7 | +1.0% |
| 2024 | 49.89 | +0.4% |
Panama compared with similar countries
- Panama's 49.89 is below the median for high income countries, which is 64.9, 77% of the median. (80 countries reporting)
- Panama's 49.89 is below the median for Latin America & Caribbean, which is 68.27, 73% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.42 | 29.42 | 29.42 | 1 |
| 2010s | 42.19 | 39.22 | 49.23 | 6 |
| 2020s | 49.74 | 48.73 | 51.2 | 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 proportion tariff lines applied to imports from ldcs in Panama?
- Proportion tariff lines applied to imports from ldcs in Panama was 49.89 in 2024, according to Our World in Data.
- What is the highest proportion tariff lines applied to imports from ldcs recorded in Panama?
- The highest recorded value was 51.2 in 2021.
- What is the lowest proportion tariff lines applied to imports from ldcs recorded in Panama?
- The lowest recorded value was 29.42 in 2005.
- How does Panama rank for proportion tariff lines applied to imports from ldcs?
- Panama ranks 182nd out of 230 countries with data for 2024.
- Is proportion tariff lines applied to imports from ldcs 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 Our World in Data, published as part of Proportion tariff lines applied to imports from ldcs. Statizoid updates them automatically from the source API.
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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (Our World in Data).