Share of central government spending funded by taxes in Panama
Panama: Share of central government spending funded by taxes was 41.7% in 2021. ▼ Falling
Share of central government spending funded by taxes in Panama, 2014–2021
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for share of central government spending funded by taxes in Panama is 41.7%, measured in 2021.
Compared with earlier readings it is up 2.9% on the previous year and down 29.4% over ten years.
That places Panama 150th out of 174 countries with data for 2021, putting it in the bottom quarter.
Share of central government spending funded by taxes in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 59.1% | — |
| 2015 | 57.6% | -2.5% |
| 2016 | 62.1% | +7.8% |
| 2017 | 59.0% | -5.1% |
| 2018 | 60.0% | +1.7% |
| 2019 | 49.3% | -17.8% |
| 2020 | 40.6% | -17.7% |
| 2021 | 41.7% | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 57.8% | 49.3% | 62.1% | 6 |
| 2020s | 41.2% | 40.6% | 41.7% | 2 |
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)
- Gross capital formation (current US$), annual growth rate -7.67 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.3353 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 6,426 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.67 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.3353 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 6,426 current LCU per person (2024)
- 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)
Frequently asked questions
- What is share of central government spending funded by taxes in Panama?
- Share of central government spending funded by taxes in Panama was 41.7% in 2021, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Panama?
- The highest recorded value was 62.1% in 2016.
- What is the lowest share of central government spending funded by taxes recorded in Panama?
- The lowest recorded value was 40.6% in 2020.
- How does Panama rank for share of central government spending funded by taxes?
- Panama ranks 150th out of 174 countries with data for 2021.
- Is share of central government spending funded by taxes rising or falling in Panama?
- Over the last ten years it is down 29.4%. 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 Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.