Taxes less subsidies on products (constant LCU), per unit of GDP in Panama
Panama: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.0258 constant LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
0.0258 constant LCU per US$ of GDP
Change on year
down 1.1%
World rank
174th
of 189 countries
All-time high
0.253 constant LCU per US$ of GDP
in 1970
All-time low
0.0255 constant LCU per US$ of GDP
in 2020
Years of data
56
1970–2025
Taxes less subsidies on products (constant LCU), per unit of GDP in Panama, 1970–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2025, taxes less subsidies on products (constant lcu), per unit of gdp in Panama stood at 0.0258 constant LCU per US$ of GDP.
That represents a change of down 1.1% on the previous year and down 29.7% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Panama peaked at 0.253 constant LCU per US$ of GDP in 1970 and was at its lowest, 0.0255 constant LCU per US$ of GDP, in 2020.
That places Panama 174th out of 189 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), per unit of GDP in Panama, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.253 constant LCU per US$ of GDP | — |
| 1971 | 0.2468 constant LCU per US$ of GDP | -2.5% |
| 1972 | 0.2303 constant LCU per US$ of GDP | -6.7% |
| 1973 | 0.1772 constant LCU per US$ of GDP | -23.1% |
| 1974 | 0.1177 constant LCU per US$ of GDP | -33.6% |
| 1975 | 0.0795 constant LCU per US$ of GDP | -32.4% |
| 1976 | 0.0777 constant LCU per US$ of GDP | -2.3% |
| 1977 | 0.068 constant LCU per US$ of GDP | -12.5% |
| 1978 | 0.0757 constant LCU per US$ of GDP | +11.3% |
| 1979 | 0.0658 constant LCU per US$ of GDP | -13.1% |
| 1980 | 0.0562 constant LCU per US$ of GDP | -14.5% |
| 1981 | 0.0503 constant LCU per US$ of GDP | -10.5% |
| 1982 | 0.0462 constant LCU per US$ of GDP | -8.2% |
| 1983 | 0.0481 constant LCU per US$ of GDP | +4.2% |
| 1984 | 0.0516 constant LCU per US$ of GDP | +7.2% |
| 1985 | 0.0538 constant LCU per US$ of GDP | +4.2% |
| 1986 | 0.0666 constant LCU per US$ of GDP | +23.8% |
| 1987 | 0.0595 constant LCU per US$ of GDP | -10.6% |
| 1988 | 0.0342 constant LCU per US$ of GDP | -42.5% |
| 1989 | 0.0387 constant LCU per US$ of GDP | +13.1% |
| 1990 | 0.053 constant LCU per US$ of GDP | +37.0% |
| 1991 | 0.0495 constant LCU per US$ of GDP | -6.6% |
| 1992 | 0.0493 constant LCU per US$ of GDP | -0.5% |
| 1993 | 0.0634 constant LCU per US$ of GDP | +28.6% |
| 1994 | 0.0618 constant LCU per US$ of GDP | -2.5% |
| 1995 | 0.0616 constant LCU per US$ of GDP | -0.3% |
| 1996 | 0.0597 constant LCU per US$ of GDP | -3.1% |
| 1997 | 0.0554 constant LCU per US$ of GDP | -7.1% |
| 1998 | 0.0618 constant LCU per US$ of GDP | +11.4% |
| 1999 | 0.0631 constant LCU per US$ of GDP | +2.1% |
| 2000 | 0.0554 constant LCU per US$ of GDP | -12.1% |
| 2001 | 0.0573 constant LCU per US$ of GDP | +3.4% |
| 2002 | 0.0616 constant LCU per US$ of GDP | +7.4% |
| 2003 | 0.0575 constant LCU per US$ of GDP | -6.6% |
| 2004 | 0.054 constant LCU per US$ of GDP | -6.1% |
| 2005 | 0.0537 constant LCU per US$ of GDP | -0.6% |
| 2006 | 0.0488 constant LCU per US$ of GDP | -9.2% |
| 2007 | 0.0484 constant LCU per US$ of GDP | -0.7% |
| 2008 | 0.0465 constant LCU per US$ of GDP | -3.9% |
| 2009 | 0.0416 constant LCU per US$ of GDP | -10.6% |
| 2010 | 0.0454 constant LCU per US$ of GDP | +9.2% |
| 2011 | 0.0418 constant LCU per US$ of GDP | -7.9% |
| 2012 | 0.0395 constant LCU per US$ of GDP | -5.5% |
| 2013 | 0.039 constant LCU per US$ of GDP | -1.2% |
| 2014 | 0.0381 constant LCU per US$ of GDP | -2.4% |
| 2015 | 0.0367 constant LCU per US$ of GDP | -3.8% |
| 2016 | 0.0364 constant LCU per US$ of GDP | -0.7% |
| 2017 | 0.0354 constant LCU per US$ of GDP | -2.8% |
| 2018 | 0.0342 constant LCU per US$ of GDP | -3.4% |
| 2019 | 0.0324 constant LCU per US$ of GDP | -5.0% |
| 2020 | 0.0255 constant LCU per US$ of GDP | -21.3% |
| 2021 | 0.0263 constant LCU per US$ of GDP | +3.1% |
| 2022 | 0.0271 constant LCU per US$ of GDP | +2.8% |
| 2023 | 0.026 constant LCU per US$ of GDP | -3.9% |
| 2024 | 0.026 constant LCU per US$ of GDP | +0.1% |
| 2025 | 0.0258 constant LCU per US$ of GDP | -1.1% |
Panama compared with similar countries
- Panama's 0.0258 constant LCU per US$ of GDP is below the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 29% of the median. (66 countries reporting)
- Panama's 0.0258 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 8% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1392 constant LCU per US$ of GDP | 0.0658 constant LCU per US$ of GDP | 0.253 constant LCU per US$ of GDP | 10 |
| 1980s | 0.0505 constant LCU per US$ of GDP | 0.0342 constant LCU per US$ of GDP | 0.0666 constant LCU per US$ of GDP | 10 |
| 1990s | 0.0579 constant LCU per US$ of GDP | 0.0493 constant LCU per US$ of GDP | 0.0634 constant LCU per US$ of GDP | 10 |
| 2000s | 0.0525 constant LCU per US$ of GDP | 0.0416 constant LCU per US$ of GDP | 0.0616 constant LCU per US$ of GDP | 10 |
| 2010s | 0.0379 constant LCU per US$ of GDP | 0.0324 constant LCU per US$ of GDP | 0.0454 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0261 constant LCU per US$ of GDP | 0.0255 constant LCU per US$ of GDP | 0.0271 constant LCU per US$ of GDP | 6 |
Countries ranked near Panama
- 171 Cayman Islands 0.0351 constant LCU per US$ of GDP compare
- 172 Bermuda 0.031 constant LCU per US$ of GDP compare
- 173 Venezuela 0.026 constant LCU per US$ of GDP compare
- 175 Marshall Islands 0.0246 constant LCU per US$ of GDP compare
- 176 Switzerland 0.0195 constant LCU per US$ of GDP compare
- 177 Qatar 0.0194 constant LCU per US$ of GDP 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$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Panama?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Panama was 0.0258 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Panama?
- The highest recorded value was 0.253 constant LCU per US$ of GDP in 1970.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Panama?
- The lowest recorded value was 0.0255 constant LCU per US$ of GDP in 2020.
- How does Panama rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Panama ranks 174th out of 189 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Panama?
- Over the last ten years it is down 29.7%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.