Taxes less subsidies on products (current US$), annual growth rate in Panama
Panama: Taxes less subsidies on products (current US$), annual growth rate was 4.12 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Panama, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current us$), annual growth rate in Panama is 4.12 % change on previous year, measured in 2025.
The figure is up 393.6% on the previous year and down 23.6% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Panama peaked at 52.55 % change on previous year in 1990 and was at its lowest, -48.89 % change on previous year, in 1988.
Panama ranks 145th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 11.56 % change on previous year | — |
| 1962 | 6.74 % change on previous year | -41.7% |
| 1963 | -1.46 % change on previous year | -121.6% |
| 1964 | 6.16 % change on previous year | -522.8% |
| 1965 | 16.24 % change on previous year | +163.7% |
| 1966 | 6.99 % change on previous year | -57.0% |
| 1967 | 10.82 % change on previous year | +54.9% |
| 1968 | 3.87 % change on previous year | -64.2% |
| 1969 | 15.72 % change on previous year | +306.0% |
| 1970 | 16.95 % change on previous year | +7.8% |
| 1971 | 10.57 % change on previous year | -37.6% |
| 1972 | 2.94 % change on previous year | -72.2% |
| 1973 | 5.24 % change on previous year | +78.1% |
| 1974 | 14.93 % change on previous year | +185.1% |
| 1975 | -12.99 % change on previous year | -187.0% |
| 1976 | 0.9049 % change on previous year | -107.0% |
| 1977 | 2.02 % change on previous year | +123.0% |
| 1978 | 25.27 % change on previous year | +1152.5% |
| 1979 | 19.47 % change on previous year | -23.0% |
| 1980 | 15.27 % change on previous year | -21.6% |
| 1981 | 11.48 % change on previous year | -24.8% |
| 1982 | 5.71 % change on previous year | -50.3% |
| 1983 | 8.06 % change on previous year | +41.1% |
| 1984 | 14.18 % change on previous year | +75.9% |
| 1985 | 9.55 % change on previous year | -32.7% |
| 1986 | 17.3 % change on previous year | +81.2% |
| 1987 | -4.25 % change on previous year | -124.5% |
| 1988 | -48.89 % change on previous year | +1051.6% |
| 1989 | 20.78 % change on previous year | -142.5% |
| 1990 | 52.55 % change on previous year | +152.9% |
| 1991 | 3.47 % change on previous year | -93.4% |
| 1992 | 19.52 % change on previous year | +462.6% |
| 1993 | 40.98 % change on previous year | +109.9% |
| 1994 | 5.76 % change on previous year | -86.0% |
| 1995 | 1.21 % change on previous year | -79.0% |
| 1996 | -3.63 % change on previous year | -400.2% |
| 1997 | 1.34 % change on previous year | -137.0% |
| 1998 | 21.06 % change on previous year | +1466.9% |
| 1999 | 8.9 % change on previous year | -57.7% |
| 2000 | -8.55 % change on previous year | -196.0% |
| 2001 | 3.83 % change on previous year | -144.8% |
| 2002 | 15.52 % change on previous year | +304.9% |
| 2003 | 8.39 % change on previous year | -45.9% |
| 2004 | 5.44 % change on previous year | -35.1% |
| 2005 | 14.86 % change on previous year | +173.0% |
| 2006 | -4.12 % change on previous year | -127.7% |
| 2007 | 22.67 % change on previous year | -650.3% |
| 2008 | 16.25 % change on previous year | -28.3% |
| 2009 | 10.82 % change on previous year | -33.4% |
| 2010 | 16.64 % change on previous year | +53.7% |
| 2011 | 20.08 % change on previous year | +20.7% |
| 2012 | 10.1 % change on previous year | -49.7% |
| 2013 | 6.91 % change on previous year | -31.5% |
| 2014 | 12.67 % change on previous year | +83.3% |
| 2015 | 5.39 % change on previous year | -57.5% |
| 2016 | 11.63 % change on previous year | +115.8% |
| 2017 | -0.6553 % change on previous year | -105.6% |
| 2018 | -2.66 % change on previous year | +305.3% |
| 2019 | -5.23 % change on previous year | +96.7% |
| 2020 | -34.71 % change on previous year | +564.2% |
| 2021 | 26.79 % change on previous year | -177.2% |
| 2022 | 20.32 % change on previous year | -24.2% |
| 2023 | -0.0746 % change on previous year | -100.4% |
| 2024 | -1.4 % change on previous year | +1778.6% |
| 2025 | 4.12 % change on previous year | -393.6% |
Panama compared with similar countries
- Panama's 4.12 % change on previous year is below the median for high income countries, which is 8.9 % change on previous year, 46% of the median. (74 countries reporting)
- Panama's 4.12 % change on previous year is below the median for Latin America & Caribbean, which is 5.38 % change on previous year, 76% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), annual growth rate 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 |
|---|---|---|---|
| 2024 | -1778.6% | -0.0746 % change on previous year | -1.4 % change on previous year |
| 1998 | +1466.9% | 1.34 % change on previous year | 21.06 % change on previous year |
| 1978 | +1152.5% | 2.02 % change on previous year | 25.27 % change on previous year |
| 1988 | -1051.6% | -4.25 % change on previous year | -48.89 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.52 % change on previous year | -1.46 % change on previous year | 16.24 % change on previous year | 9 |
| 1970s | 8.53 % change on previous year | -12.99 % change on previous year | 25.27 % change on previous year | 10 |
| 1980s | 4.92 % change on previous year | -48.89 % change on previous year | 20.78 % change on previous year | 10 |
| 1990s | 15.12 % change on previous year | -3.63 % change on previous year | 52.55 % change on previous year | 10 |
| 2000s | 8.51 % change on previous year | -8.55 % change on previous year | 22.67 % change on previous year | 10 |
| 2010s | 7.49 % change on previous year | -5.23 % change on previous year | 20.08 % change on previous year | 10 |
| 2020s | 2.51 % change on previous year | -34.71 % change on previous year | 26.79 % change on previous year | 6 |
Countries ranked near Panama
- 142 Bermuda 4.4 % change on previous year compare
- 143 Kuwait 4.27 % change on previous year compare
- 144 New Caledonia 4.23 % change on previous year compare
- 146 Australia 4.1 % change on previous year compare
- 147 Cameroon 3.74 % change on previous year compare
- 148 Brazil 3.48 % change on previous year 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)
- 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 taxes less subsidies on products (current us$), annual growth rate in Panama?
- Taxes less subsidies on products (current us$), annual growth rate in Panama was 4.12 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Panama?
- The highest recorded value was 52.55 % change on previous year in 1990.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Panama?
- The lowest recorded value was -48.89 % change on previous year in 1988.
- How does Panama rank for taxes less subsidies on products (current us$), annual growth rate?
- Panama ranks 145th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Panama?
- Over the last ten years it is down 23.6%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.