Statutory corporate income tax rate in Panama
Panama: Statutory corporate income tax rate was 25 in 2018. ▼ Falling
Latest (2018)
25
Change on year
unchanged
World rank
30th
of 91 countries
All-time high
30
in 2000
All-time low
25
in 2011
Years of data
19
2000–2018
Statutory corporate income tax rate in Panama, 2000–2018
Source: Our World in Data.
Analysis
In 2018, statutory corporate income tax rate in Panama stood at 25. That is the lowest value across all 19 years on record.
That represents a change of down 16.7% over ten years.
Over the whole period, statutory corporate income tax rate in Panama peaked at 30 in 2000 and was at its lowest, 25, in 2011.
Panama ranks 30th of 91 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 30 | — |
| 2001 | 30 | +0.0% |
| 2002 | 30 | +0.0% |
| 2003 | 30 | +0.0% |
| 2004 | 30 | +0.0% |
| 2005 | 30 | +0.0% |
| 2006 | 30 | +0.0% |
| 2007 | 30 | +0.0% |
| 2008 | 30 | +0.0% |
| 2009 | 30 | +0.0% |
| 2010 | 27.5 | -8.3% |
| 2011 | 25 | -9.1% |
| 2012 | 25 | +0.0% |
| 2013 | 25 | +0.0% |
| 2014 | 25 | +0.0% |
| 2015 | 25 | +0.0% |
| 2016 | 25 | +0.0% |
| 2017 | 25 | +0.0% |
| 2018 | 25 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30 | 30 | 30 | 10 |
| 2010s | 25.28 | 25 | 27.5 | 9 |
Countries ranked near Panama
- 27 Canada 26.8 compare
- 28 Luxembourg 26.01 compare
- 29 United States of America 25.84 compare
- 30 Austria 25 compare
- 30 Barbados 25 compare
- 30 Chile 25 compare
- 30 China 25 compare
- 30 Côte d'Ivoire 25 compare
- 30 Indonesia 25 compare
- 30 Jamaica 25 compare
- 30 Liberia 25 compare
- 30 Netherlands 25 compare
- 30 Spain 25 compare
- 30 Uruguay 25 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)
- GDP (constant 2015 US$), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8919 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 17,650 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.35 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.9369 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 18,541 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -1.43 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3858 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is statutory corporate income tax rate in Panama?
- Statutory corporate income tax rate in Panama was 25 in 2018, according to Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Panama?
- The highest recorded value was 30 in 2000.
- What is the lowest statutory corporate income tax rate recorded in Panama?
- The lowest recorded value was 25 in 2011.
- How does Panama rank for statutory corporate income tax rate?
- Panama ranks 30th out of 91 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Panama?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).