Taxes on goods and services gdp in Panama
Panama: Taxes on goods and services gdp was 2.76 in 2014. ▼ Falling
Latest (2014)
2.76
Change on year
down 6.3%
World rank
163rd
of 186 countries
All-time high
3.71
in 1991
All-time low
1.88
in 2005
Years of data
26
1989–2014
Taxes on goods and services gdp in Panama, 1989–2014
Source: Our World in Data.
Analysis
The most recent figure for taxes on goods and services gdp in Panama is 2.76, measured in 2014.
The figure is down 6.3% on the previous year and up 19.8% over ten years.
Over the whole period, taxes on goods and services gdp in Panama peaked at 3.71 in 1991 and was at its lowest, 1.88, in 2005.
Panama ranks 163rd of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Taxes on goods and services gdp in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1989 | 3.41 | — |
| 1990 | 3.46 | +1.4% |
| 1991 | 3.71 | +7.4% |
| 1992 | 3.25 | -12.3% |
| 1993 | 3.3 | +1.6% |
| 1994 | 3.22 | -2.6% |
| 1995 | 3.22 | +0.0% |
| 1996 | 2.78 | -13.7% |
| 1997 | 2.65 | -4.8% |
| 1998 | 2.75 | +4.0% |
| 1999 | 2.68 | -2.5% |
| 2000 | 2.37 | -11.8% |
| 2001 | 2.24 | -5.6% |
| 2002 | 2.2 | -1.4% |
| 2003 | 2.41 | +9.2% |
| 2004 | 2.3 | -4.4% |
| 2005 | 1.88 | -18.1% |
| 2006 | 2.15 | +14.3% |
| 2007 | 2.65 | +23.1% |
| 2008 | 2.29 | -13.4% |
| 2009 | 2.41 | +4.9% |
| 2010 | 3.01 | +25.2% |
| 2011 | 3.14 | +4.0% |
| 2012 | 2.77 | -11.8% |
| 2013 | 2.94 | +6.4% |
| 2014 | 2.76 | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.41 | 3.41 | 3.41 | 1 |
| 1990s | 3.1 | 2.65 | 3.71 | 10 |
| 2000s | 2.29 | 1.88 | 2.65 | 10 |
| 2010s | 2.92 | 2.76 | 3.14 | 5 |
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)
- GNI (current LCU), annual growth rate 5.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.9515 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 18,830 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.4 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
Frequently asked questions
- What is taxes on goods and services gdp in Panama?
- Taxes on goods and services gdp in Panama was 2.76 in 2014, according to Our World in Data.
- What is the highest taxes on goods and services gdp recorded in Panama?
- The highest recorded value was 3.71 in 1991.
- What is the lowest taxes on goods and services gdp recorded in Panama?
- The lowest recorded value was 1.88 in 2005.
- How does Panama rank for taxes on goods and services gdp?
- Panama ranks 163rd out of 186 countries with data for 2014.
- Is taxes on goods and services gdp rising or falling in Panama?
- Over the last ten years it is up 19.8%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Taxes on goods and services gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (Our World in Data).