Taxes less subsidies on products in Panama
Panama: Taxes less subsidies on products was 2.33 billion constant LCU in 2025. ◆ Volatile
Latest (2025)
2.33 billion constant LCU
Change on year
up 3.4%
World rank
142nd
of 187 countries
All-time high
2.33 billion constant LCU
in 2025
All-time low
186.20 million constant LCU
in 1977
Years of data
56
1970–2025
Taxes less subsidies on products in Panama, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Panama recorded 2.33 billion constant LCU for taxes less subsidies on products in 2025. That is the highest value across all 56 years on record.
That represents a change of up 3.4% on the previous year and up 14.0% over ten years.
Over the whole period, taxes less subsidies on products in Panama peaked at 2.33 billion constant LCU in 2025 and was at its lowest, 186.20 million constant LCU, in 1977.
Panama ranks 142nd of 187 countries on this measure, 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 in Panama, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 341.83 million constant LCU | — |
| 1971 | 376.11 million constant LCU | +10.0% |
| 1972 | 385.37 million constant LCU | +2.5% |
| 1973 | 339.05 million constant LCU | -12.0% |
| 1974 | 257.53 million constant LCU | -24.0% |
| 1975 | 193.61 million constant LCU | -24.8% |
| 1976 | 201.02 million constant LCU | +3.8% |
| 1977 | 186.20 million constant LCU | -7.4% |
| 1978 | 245.49 million constant LCU | +31.8% |
| 1979 | 243.64 million constant LCU | -0.8% |
| 1980 | 259.38 million constant LCU | +6.5% |
| 1981 | 262.69 million constant LCU | +1.3% |
| 1982 | 266.47 million constant LCU | +1.4% |
| 1983 | 285.11 million constant LCU | +7.0% |
| 1984 | 319.10 million constant LCU | +11.9% |
| 1985 | 351.90 million constant LCU | +10.3% |
| 1986 | 452.69 million constant LCU | +28.6% |
| 1987 | 406.43 million constant LCU | -10.2% |
| 1988 | 202.03 million constant LCU | -50.3% |
| 1989 | 229.18 million constant LCU | +13.4% |
| 1990 | 341.28 million constant LCU | +48.9% |
| 1991 | 350.49 million constant LCU | +2.7% |
| 1992 | 396.51 million constant LCU | +13.1% |
| 1993 | 556.77 million constant LCU | +40.4% |
| 1994 | 578.72 million constant LCU | +3.9% |
| 1995 | 589.58 million constant LCU | +1.9% |
| 1996 | 548.96 million constant LCU | -6.9% |
| 1997 | 557.72 million constant LCU | +1.6% |
| 1998 | 680.77 million constant LCU | +22.1% |
| 1999 | 735.65 million constant LCU | +8.1% |
| 2000 | 663.50 million constant LCU | -9.8% |
| 2001 | 702.18 million constant LCU | +5.8% |
| 2002 | 788.02 million constant LCU | +12.2% |
| 2003 | 781.77 million constant LCU | -0.8% |
| 2004 | 815.21 million constant LCU | +4.3% |
| 2005 | 892.34 million constant LCU | +9.5% |
| 2006 | 909.68 million constant LCU | +1.9% |
| 2007 | 1.05 billion constant LCU | +15.6% |
| 2008 | 1.20 billion constant LCU | +13.8% |
| 2009 | 1.16 billion constant LCU | -3.4% |
| 2010 | 1.37 billion constant LCU | +18.8% |
| 2011 | 1.49 billion constant LCU | +8.7% |
| 2012 | 1.64 billion constant LCU | +10.1% |
| 2013 | 1.83 billion constant LCU | +11.5% |
| 2014 | 1.96 billion constant LCU | +6.9% |
| 2015 | 2.04 billion constant LCU | +4.4% |
| 2016 | 2.18 billion constant LCU | +6.4% |
| 2017 | 2.28 billion constant LCU | +4.6% |
| 2018 | 2.30 billion constant LCU | +1.1% |
| 2019 | 2.26 billion constant LCU | -1.6% |
| 2020 | 1.46 billion constant LCU | -35.6% |
| 2021 | 1.78 billion constant LCU | +21.8% |
| 2022 | 2.07 billion constant LCU | +16.7% |
| 2023 | 2.18 billion constant LCU | +5.3% |
| 2024 | 2.25 billion constant LCU | +3.4% |
| 2025 | 2.33 billion constant LCU | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 276.99 million constant LCU | 186.20 million constant LCU | 385.37 million constant LCU | 10 |
| 1980s | 303.50 million constant LCU | 202.03 million constant LCU | 452.69 million constant LCU | 10 |
| 1990s | 533.65 million constant LCU | 341.28 million constant LCU | 735.65 million constant LCU | 10 |
| 2000s | 895.60 million constant LCU | 663.50 million constant LCU | 1.20 billion constant LCU | 10 |
| 2010s | 1.94 billion constant LCU | 1.37 billion constant LCU | 2.30 billion constant LCU | 10 |
| 2020s | 2.01 billion constant LCU | 1.46 billion constant LCU | 2.33 billion constant LCU | 6 |
Countries ranked near Panama
- 139 El Salvador 3.40 billion constant LCU compare
- 140 Azerbaijan 2.75 billion constant LCU compare
- 141 Sierra Leone 2.39 billion constant LCU compare
- 143 Palestine, State of 2.30 billion constant LCU compare
- 144 Malta 2.04 billion constant LCU compare
- 145 Lesotho 1.95 billion constant LCU 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)
- Services, value added (constant LCU), per capita 13,098 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.1934 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
Frequently asked questions
- What is taxes less subsidies on products in Panama?
- Taxes less subsidies on products in Panama was 2.33 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Panama?
- The highest recorded value was 2.33 billion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Panama?
- The lowest recorded value was 186.20 million constant LCU in 1977.
- How does Panama rank for taxes less subsidies on products?
- Panama ranks 142nd out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Panama?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.