Taxes less subsidies on products (current US$) in Panama
Panama: Taxes less subsidies on products (current US$) was 2.23 billion current US$ in 2025. ◆ Volatile
Latest (2025)
2.23 billion current US$
Change on year
up 4.1%
World rank
111th
of 199 countries
All-time high
2.38 billion current US$
in 2016
All-time low
23.99 million current US$
in 1960
Years of data
66
1960–2025
Taxes less subsidies on products in Panama, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Panama recorded 2.23 billion current US$ for taxes less subsidies on products in 2025.
That represents a change of up 4.1% on the previous year and up 4.5% over ten years.
Over the whole period, taxes less subsidies on products in Panama peaked at 2.38 billion current US$ in 2016 and was at its lowest, 23.99 million current US$, in 1960.
Panama ranks 111th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 23.99 million current US$ | — |
| 1961 | 26.77 million current US$ | +11.6% |
| 1962 | 28.57 million current US$ | +6.7% |
| 1963 | 28.15 million current US$ | -1.5% |
| 1964 | 29.89 million current US$ | +6.2% |
| 1965 | 34.74 million current US$ | +16.2% |
| 1966 | 37.17 million current US$ | +7.0% |
| 1967 | 41.19 million current US$ | +10.8% |
| 1968 | 42.78 million current US$ | +3.9% |
| 1969 | 49.51 million current US$ | +15.7% |
| 1970 | 57.90 million current US$ | +16.9% |
| 1971 | 64.02 million current US$ | +10.6% |
| 1972 | 65.90 million current US$ | +2.9% |
| 1973 | 69.35 million current US$ | +5.2% |
| 1974 | 79.71 million current US$ | +14.9% |
| 1975 | 69.35 million current US$ | -13.0% |
| 1976 | 69.98 million current US$ | +0.9% |
| 1977 | 71.39 million current US$ | +2.0% |
| 1978 | 89.44 million current US$ | +25.3% |
| 1979 | 106.86 million current US$ | +19.5% |
| 1980 | 123.17 million current US$ | +15.3% |
| 1981 | 137.32 million current US$ | +11.5% |
| 1982 | 145.16 million current US$ | +5.7% |
| 1983 | 156.86 million current US$ | +8.1% |
| 1984 | 179.10 million current US$ | +14.2% |
| 1985 | 196.20 million current US$ | +9.5% |
| 1986 | 230.15 million current US$ | +17.3% |
| 1987 | 220.38 million current US$ | -4.2% |
| 1988 | 112.63 million current US$ | -48.9% |
| 1989 | 136.03 million current US$ | +20.8% |
| 1990 | 207.52 million current US$ | +52.6% |
| 1991 | 214.72 million current US$ | +3.5% |
| 1992 | 256.63 million current US$ | +19.5% |
| 1993 | 361.81 million current US$ | +41.0% |
| 1994 | 382.63 million current US$ | +5.8% |
| 1995 | 387.26 million current US$ | +1.2% |
| 1996 | 373.20 million current US$ | -3.6% |
| 1997 | 378.22 million current US$ | +1.3% |
| 1998 | 457.88 million current US$ | +21.1% |
| 1999 | 498.64 million current US$ | +8.9% |
| 2000 | 456.02 million current US$ | -8.5% |
| 2001 | 473.50 million current US$ | +3.8% |
| 2002 | 546.97 million current US$ | +15.5% |
| 2003 | 592.85 million current US$ | +8.4% |
| 2004 | 625.13 million current US$ | +5.4% |
| 2005 | 718.02 million current US$ | +14.9% |
| 2006 | 688.44 million current US$ | -4.1% |
| 2007 | 844.51 million current US$ | +22.7% |
| 2008 | 981.75 million current US$ | +16.2% |
| 2009 | 1.09 billion current US$ | +10.8% |
| 2010 | 1.27 billion current US$ | +16.6% |
| 2011 | 1.52 billion current US$ | +20.1% |
| 2012 | 1.68 billion current US$ | +10.1% |
| 2013 | 1.79 billion current US$ | +6.9% |
| 2014 | 2.02 billion current US$ | +12.7% |
| 2015 | 2.13 billion current US$ | +5.4% |
| 2016 | 2.38 billion current US$ | +11.6% |
| 2017 | 2.36 billion current US$ | -0.7% |
| 2018 | 2.30 billion current US$ | -2.7% |
| 2019 | 2.18 billion current US$ | -5.2% |
| 2020 | 1.42 billion current US$ | -34.7% |
| 2021 | 1.80 billion current US$ | +26.8% |
| 2022 | 2.17 billion current US$ | +20.3% |
| 2023 | 2.17 billion current US$ | -0.1% |
| 2024 | 2.14 billion current US$ | -1.4% |
| 2025 | 2.23 billion current US$ | +4.1% |
Panama compared with similar countries
- Panama's 2.23 billion current US$ is below the median for high income countries, which is 9.71 billion current US$, 23% of the median. (74 countries reporting)
- Panama's 2.23 billion current US$ is above the median for Latin America & Caribbean, which is 1.67 billion current US$, 1.3× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 34.28 million current US$ | 23.99 million current US$ | 49.51 million current US$ | 10 |
| 1970s | 74.39 million current US$ | 57.90 million current US$ | 106.86 million current US$ | 10 |
| 1980s | 163.70 million current US$ | 112.63 million current US$ | 230.15 million current US$ | 10 |
| 1990s | 351.85 million current US$ | 207.52 million current US$ | 498.64 million current US$ | 10 |
| 2000s | 701.52 million current US$ | 456.02 million current US$ | 1.09 billion current US$ | 10 |
| 2010s | 1.96 billion current US$ | 1.27 billion current US$ | 2.38 billion current US$ | 10 |
| 2020s | 1.99 billion current US$ | 1.42 billion current US$ | 2.23 billion current US$ | 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 taxes less subsidies on products in Panama?
- Taxes less subsidies on products in Panama was 2.23 billion current US$ 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 2.38 billion current US$ in 2016.
- What is the lowest taxes less subsidies on products recorded in Panama?
- The lowest recorded value was 23.99 million current US$ in 1960.
- How does Panama rank for taxes less subsidies on products?
- Panama ranks 111th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Panama?
- Over the last ten years it is up 4.5%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.