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Tax revenue vs. Electoral Democracy Index in Panama

Panama: Tax revenue vs. Electoral Democracy Index was 0.728 in 2025. ◆ Volatile

Latest (2025)
0.728
Change on year
unchanged
World rank
50th
of 176 countries
All-time high
0.755
in 2015
All-time low
0.09
in 1970
Years of data
123
1903–2025

Tax revenue vs. Electoral Democracy Index in Panama, 1903–2025

00.20.40.60.8190319642025

Source: V-Dem (2026) – processed by Our World in Data.

Analysis

The most recent figure for tax revenue vs. electoral democracy index in Panama is 0.728, measured in 2025.

Compared with earlier readings it is down 3.6% over ten years.

Over the whole period, tax revenue vs. electoral democracy index in Panama peaked at 0.755 in 2015 and was at its lowest, 0.09, in 1970.

Panama ranks 50th of 176 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Tax revenue vs. Electoral Democracy Index in Panama, year by year

Year Value Change
1903 0.175 —
1904 0.291 +66.3%
1905 0.301 +3.4%
1906 0.297 -1.3%
1907 0.292 -1.7%
1908 0.294 +0.7%
1909 0.296 +0.7%
1910 0.298 +0.7%
1911 0.3 +0.7%
1912 0.296 -1.3%
1913 0.292 -1.4%
1914 0.296 +1.4%
1915 0.299 +1.0%
1916 0.298 -0.3%
1917 0.297 -0.3%
1918 0.298 +0.3%
1919 0.298 +0.0%
1920 0.3 +0.7%
1921 0.302 +0.7%
1922 0.302 +0.0%
1923 0.302 +0.0%
1924 0.302 +0.0%
1925 0.303 +0.3%
1926 0.303 +0.0%
1927 0.303 +0.0%
1928 0.314 +3.6%
1929 0.318 +1.3%
1930 0.316 -0.6%
1931 0.31 -1.9%
1932 0.306 -1.3%
1933 0.299 -2.3%
1934 0.299 +0.0%
1935 0.299 +0.0%
1936 0.309 +3.3%
1937 0.313 +1.3%
1938 0.313 +0.0%
1939 0.313 +0.0%
1940 0.315 +0.6%
1941 0.308 -2.2%
1942 0.31 +0.6%
1943 0.31 +0.0%
1944 0.31 +0.0%
1945 0.308 -0.6%
1946 0.215 -30.2%
1947 0.236 +9.8%
1948 0.306 +29.7%
1949 0.324 +5.9%
1950 0.326 +0.6%
1951 0.255 -21.8%
1952 0.259 +1.6%
1953 0.364 +40.5%
1954 0.364 +0.0%
1955 0.364 +0.0%
1956 0.371 +1.9%
1957 0.372 +0.3%
1958 0.372 +0.0%
1959 0.372 +0.0%
1960 0.388 +4.3%
1961 0.394 +1.5%
1962 0.394 +0.0%
1963 0.394 +0.0%
1964 0.341 -13.5%
1965 0.326 -4.4%
1966 0.325 -0.3%
1967 0.323 -0.6%
1968 0.208 -35.6%
1969 0.091 -56.2%
1970 0.09 -1.1%
1971 0.09 +0.0%
1972 0.095 +5.6%
1973 0.102 +7.4%
1974 0.102 +0.0%
1975 0.102 +0.0%
1976 0.102 +0.0%
1977 0.102 +0.0%
1978 0.104 +2.0%
1979 0.122 +17.3%
1980 0.135 +10.7%
1981 0.126 -6.7%
1982 0.123 -2.4%
1983 0.123 +0.0%
1984 0.133 +8.1%
1985 0.132 -0.8%
1986 0.132 +0.0%
1987 0.132 +0.0%
1988 0.132 +0.0%
1989 0.146 +10.6%
1990 0.476 +226.0%
1991 0.684 +43.7%
1992 0.7 +2.3%
1993 0.704 +0.6%
1994 0.707 +0.4%
1995 0.711 +0.6%
1996 0.711 +0.0%
1997 0.711 +0.0%
1998 0.699 -1.7%
1999 0.698 -0.1%
2000 0.73 +4.6%
2001 0.738 +1.1%
2002 0.738 +0.0%
2003 0.738 +0.0%
2004 0.737 -0.1%
2005 0.736 -0.1%
2006 0.736 +0.0%
2007 0.736 +0.0%
2008 0.736 +0.0%
2009 0.739 +0.4%
2010 0.746 +0.9%
2011 0.746 +0.0%
2012 0.746 +0.0%
2013 0.748 +0.3%
2014 0.744 -0.5%
2015 0.755 +1.5%
2016 0.753 -0.3%
2017 0.736 -2.3%
2018 0.732 -0.5%
2019 0.731 -0.1%
2020 0.721 -1.4%
2021 0.735 +1.9%
2022 0.725 -1.4%
2023 0.722 -0.4%
2024 0.728 +0.8%
2025 0.728 +0.0%

Averages by decade

DecadeAverage LowestHighest Years
1900s 0.278 0.175 0.301 7
1910s 0.2972 0.292 0.3 10
1920s 0.3049 0.3 0.318 10
1930s 0.3077 0.299 0.316 10
1940s 0.2942 0.215 0.324 10
1950s 0.3419 0.255 0.372 10
1960s 0.3184 0.091 0.394 10
1970s 0.1011 0.09 0.122 10
1980s 0.1314 0.123 0.146 10
1990s 0.6801 0.476 0.711 10
2000s 0.7364 0.73 0.739 10
2010s 0.7437 0.731 0.755 10
2020s 0.7265 0.721 0.735 6

Countries ranked near Panama

  1. 48 Slovakia 0.733 compare
  2. 49 Vanuatu 0.729 compare
  3. 51 Ghana 0.711 compare
  4. 52 Solomon Islands 0.696 compare
  5. 53 Israel 0.694 compare

See the full ranking of 176 places →

More economy & growth data for Panama

All data for Panama →

Frequently asked questions

What is tax revenue vs. electoral democracy index in Panama?
Tax revenue vs. electoral democracy index in Panama was 0.728 in 2025, according to V-Dem (2026) – processed by Our World in Data.
What is the highest tax revenue vs. electoral democracy index recorded in Panama?
The highest recorded value was 0.755 in 2015.
What is the lowest tax revenue vs. electoral democracy index recorded in Panama?
The lowest recorded value was 0.09 in 1970.
How does Panama rank for tax revenue vs. electoral democracy index?
Panama ranks 50th out of 176 countries with data for 2025.
Is tax revenue vs. electoral democracy index rising or falling in Panama?
Over the last ten years it is down 3.6%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from V-Dem (2026) – processed by Our World in Data, published as part of Tax revenue vs. Electoral Democracy Index. Statizoid updates them automatically from the source API.

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Tax revenue vs. Electoral Democracy Index in Panama. Statizoid, drawing on V-Dem (2026) – processed by Our World in Data. Retrieved 30 August 2026, from https://economy.statizoid.com/stat/tax-revenues-vs-electoral-democracy-index/panama/

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About this data

Indicator
Tax revenue vs. Electoral Democracy Index
Source
V-Dem (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
176 places, 29,649 data points, 1789–2025
Last refreshed

Central estimate of the extent to which political leaders are elected under comprehensive suffrage in free and fair elections, and freedoms of association and expression are guaranteed.