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
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% |
Panama compared with similar countries
- Panama's 0.728 is below the median for high income countries, which is 0.786, 93% of the median. (55 countries reporting)
- Panama's 0.728 is above the median for Latin America & Caribbean, which is 0.667, 1.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Tax revenue vs. Electoral Democracy Index in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +226.0% | 0.146 | 0.476 |
| 1904 | +66.3% | 0.175 | 0.291 |
| 1969 | -56.2% | 0.208 | 0.091 |
| 1991 | +43.7% | 0.476 | 0.684 |
| 1953 | +40.5% | 0.259 | 0.364 |
| 1968 | -35.6% | 0.323 | 0.208 |
Averages by decade
| Decade | Average | Lowest | Highest | 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
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
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.
Download this data
CSV · JSON — 123 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.