Tax revenue as a proportion of GDP in Panama
Panama: Tax revenue as a proportion of GDP was 7.5% in 2021. ▼ Falling
Latest (2021)
7.5%
Change on year
down 7.3%
World rank
150th
of 164 countries
All-time high
10.1%
in 2016
All-time low
7.5%
in 2021
Years of data
8
2014–2021
Tax revenue as a proportion of GDP in Panama, 2014–2021
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2021, tax revenue as a proportion of gdp in Panama stood at 7.5%. That is the lowest value across all 8 years on record.
Compared with earlier readings it is down 7.3% on the previous year and down 25.1% over ten years.
That places Panama 150th out of 164 countries with data for 2021, putting it in the bottom quarter.
Tax revenue as a proportion of GDP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 10.0% | — |
| 2015 | 9.8% | -1.6% |
| 2016 | 10.1% | +2.6% |
| 2017 | 9.7% | -3.9% |
| 2018 | 9.6% | -0.8% |
| 2019 | 8.6% | -9.8% |
| 2020 | 8.0% | -6.9% |
| 2021 | 7.5% | -7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.6% | 8.6% | 10.1% | 6 |
| 2020s | 7.8% | 7.5% | 8.0% | 2 |
Countries ranked near Panama
- 147 Angola 7.7% compare
- 148 Bangladesh 7.6% compare
- 149 China 7.6% compare
- 151 Sudan 7.4%
- 152 Iran (Islamic Republic of) 7.4%
- 153 Zimbabwe 7.2% 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)
- 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 tax revenue as a proportion of gdp in Panama?
- Tax revenue as a proportion of gdp in Panama was 7.5% in 2021, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Panama?
- The highest recorded value was 10.1% in 2016.
- What is the lowest tax revenue as a proportion of gdp recorded in Panama?
- The lowest recorded value was 7.5% in 2021.
- How does Panama rank for tax revenue as a proportion of gdp?
- Panama ranks 150th out of 164 countries with data for 2021.
- Is tax revenue as a proportion of gdp rising or falling in Panama?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under UN SDG Global Database (open, attribution requested).