Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Panama
Panama: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was 0.0246 current LCU per US$ of GDP in 2025. ▼ Falling
Latest (2025)
0.0246 current LCU per US$ of GDP
Change on year
down 0.4%
World rank
184th
of 197 countries
All-time high
0.0447 current LCU per US$ of GDP
in 1961
All-time low
0.0191 current LCU per US$ of GDP
in 1988
Years of data
66
1960–2025
Taxes less subsidies on products (current LCU), per unit of GDP in Panama, 1960–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Panama recorded 0.0246 current LCU per US$ of GDP for taxes less subsidies on products (current lcu), per unit of gdp in 2025.
That represents a change of down 0.4% on the previous year and down 35.6% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Panama peaked at 0.0447 current LCU per US$ of GDP in 1961 and was at its lowest, 0.0191 current LCU per US$ of GDP, in 1988.
Panama ranks 184th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 66 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Panama, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0447 current LCU per US$ of GDP | — |
| 1961 | 0.0447 current LCU per US$ of GDP | +0.0% |
| 1962 | 0.0438 current LCU per US$ of GDP | -2.0% |
| 1963 | 0.0389 current LCU per US$ of GDP | -11.1% |
| 1964 | 0.0385 current LCU per US$ of GDP | -1.1% |
| 1965 | 0.0408 current LCU per US$ of GDP | +5.8% |
| 1966 | 0.04 current LCU per US$ of GDP | -1.8% |
| 1967 | 0.0398 current LCU per US$ of GDP | -0.5% |
| 1968 | 0.0384 current LCU per US$ of GDP | -3.4% |
| 1969 | 0.0405 current LCU per US$ of GDP | +5.4% |
| 1970 | 0.0429 current LCU per US$ of GDP | +5.7% |
| 1971 | 0.042 current LCU per US$ of GDP | -2.0% |
| 1972 | 0.0394 current LCU per US$ of GDP | -6.3% |
| 1973 | 0.0362 current LCU per US$ of GDP | -8.0% |
| 1974 | 0.0364 current LCU per US$ of GDP | +0.5% |
| 1975 | 0.0285 current LCU per US$ of GDP | -21.8% |
| 1976 | 0.027 current LCU per US$ of GDP | -5.1% |
| 1977 | 0.0261 current LCU per US$ of GDP | -3.6% |
| 1978 | 0.0276 current LCU per US$ of GDP | +5.7% |
| 1979 | 0.0288 current LCU per US$ of GDP | +4.6% |
| 1980 | 0.0267 current LCU per US$ of GDP | -7.5% |
| 1981 | 0.0263 current LCU per US$ of GDP | -1.5% |
| 1982 | 0.0252 current LCU per US$ of GDP | -4.3% |
| 1983 | 0.0265 current LCU per US$ of GDP | +5.3% |
| 1984 | 0.029 current LCU per US$ of GDP | +9.4% |
| 1985 | 0.03 current LCU per US$ of GDP | +3.6% |
| 1986 | 0.0339 current LCU per US$ of GDP | +12.9% |
| 1987 | 0.0323 current LCU per US$ of GDP | -4.7% |
| 1988 | 0.0191 current LCU per US$ of GDP | -40.9% |
| 1989 | 0.023 current LCU per US$ of GDP | +20.5% |
| 1990 | 0.0323 current LCU per US$ of GDP | +40.3% |
| 1991 | 0.0304 current LCU per US$ of GDP | -5.9% |
| 1992 | 0.0319 current LCU per US$ of GDP | +5.1% |
| 1993 | 0.0412 current LCU per US$ of GDP | +29.1% |
| 1994 | 0.0409 current LCU per US$ of GDP | -0.8% |
| 1995 | 0.0405 current LCU per US$ of GDP | -1.0% |
| 1996 | 0.0406 current LCU per US$ of GDP | +0.3% |
| 1997 | 0.0376 current LCU per US$ of GDP | -7.3% |
| 1998 | 0.0416 current LCU per US$ of GDP | +10.5% |
| 1999 | 0.0428 current LCU per US$ of GDP | +2.9% |
| 2000 | 0.0381 current LCU per US$ of GDP | -10.9% |
| 2001 | 0.0386 current LCU per US$ of GDP | +1.4% |
| 2002 | 0.0427 current LCU per US$ of GDP | +10.6% |
| 2003 | 0.0436 current LCU per US$ of GDP | +2.0% |
| 2004 | 0.0414 current LCU per US$ of GDP | -5.0% |
| 2005 | 0.0432 current LCU per US$ of GDP | +4.3% |
| 2006 | 0.0369 current LCU per US$ of GDP | -14.6% |
| 2007 | 0.0389 current LCU per US$ of GDP | +5.4% |
| 2008 | 0.0382 current LCU per US$ of GDP | -1.8% |
| 2009 | 0.0391 current LCU per US$ of GDP | +2.6% |
| 2010 | 0.042 current LCU per US$ of GDP | +7.2% |
| 2011 | 0.0427 current LCU per US$ of GDP | +1.7% |
| 2012 | 0.0403 current LCU per US$ of GDP | -5.5% |
| 2013 | 0.0382 current LCU per US$ of GDP | -5.3% |
| 2014 | 0.0393 current LCU per US$ of GDP | +2.9% |
| 2015 | 0.0382 current LCU per US$ of GDP | -2.8% |
| 2016 | 0.0398 current LCU per US$ of GDP | +4.2% |
| 2017 | 0.0367 current LCU per US$ of GDP | -7.7% |
| 2018 | 0.0342 current LCU per US$ of GDP | -7.0% |
| 2019 | 0.0312 current LCU per US$ of GDP | -8.6% |
| 2020 | 0.0249 current LCU per US$ of GDP | -20.2% |
| 2021 | 0.0268 current LCU per US$ of GDP | +7.3% |
| 2022 | 0.0284 current LCU per US$ of GDP | +6.0% |
| 2023 | 0.0259 current LCU per US$ of GDP | -8.8% |
| 2024 | 0.0247 current LCU per US$ of GDP | -4.5% |
| 2025 | 0.0246 current LCU per US$ of GDP | -0.4% |
Panama compared with similar countries
- Panama's 0.0246 current LCU per US$ of GDP is below the median for high income countries, which is 0.1155 current LCU per US$ of GDP, 21% of the median. (74 countries reporting)
- Panama's 0.0246 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.4274 current LCU per US$ of GDP, 6% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.041 current LCU per US$ of GDP | 0.0384 current LCU per US$ of GDP | 0.0447 current LCU per US$ of GDP | 10 |
| 1970s | 0.0335 current LCU per US$ of GDP | 0.0261 current LCU per US$ of GDP | 0.0429 current LCU per US$ of GDP | 10 |
| 1980s | 0.0272 current LCU per US$ of GDP | 0.0191 current LCU per US$ of GDP | 0.0339 current LCU per US$ of GDP | 10 |
| 1990s | 0.038 current LCU per US$ of GDP | 0.0304 current LCU per US$ of GDP | 0.0428 current LCU per US$ of GDP | 10 |
| 2000s | 0.0401 current LCU per US$ of GDP | 0.0369 current LCU per US$ of GDP | 0.0436 current LCU per US$ of GDP | 10 |
| 2010s | 0.0383 current LCU per US$ of GDP | 0.0312 current LCU per US$ of GDP | 0.0427 current LCU per US$ of GDP | 10 |
| 2020s | 0.0259 current LCU per US$ of GDP | 0.0246 current LCU per US$ of GDP | 0.0284 current LCU per US$ of GDP | 6 |
Countries ranked near Panama
- 181 United States 0.035 current LCU per US$ of GDP compare
- 182 Liechtenstein, Principality of 0.0296 current LCU per US$ of GDP compare
- 183 Liberia 0.0283 current LCU per US$ of GDP compare
- 185 Switzerland 0.0217 current LCU per US$ of GDP compare
- 186 Qatar 0.0205 current LCU per US$ of GDP compare
- 187 Macao Special Administrative Region, People's Republic of China 0.0183 current LCU per US$ of GDP compare
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Panama?
- Taxes less subsidies on products (current lcu), per unit of gdp in Panama was 0.0246 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Panama?
- The highest recorded value was 0.0447 current LCU per US$ of GDP in 1961.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Panama?
- The lowest recorded value was 0.0191 current LCU per US$ of GDP in 1988.
- How does Panama rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Panama ranks 184th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Panama?
- Over the last ten years it is down 35.6%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.