Two sources of data on tax revenue as share of GDP in Panama
Panama: Two sources of data on tax revenue as share of GDP was 14.7% in 2017. ▼ Falling
Two sources of data on tax revenue as share of GDP in Panama, 1990–2017
Source: OECD (2018) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for two sources of data on tax revenue as share of gdp in Panama is 14.7%, measured in 2017.
That represents a change of down 3.8% on the previous year and down 2.6% over ten years.
Over the whole period, two sources of data on tax revenue as share of gdp in Panama peaked at 18.4% in 1995 and was at its lowest, 13.8%, in 2005.
Panama ranks 67th of 77 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Two sources of data on tax revenue as share of GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 15.9% | — |
| 1991 | 16.5% | +4.0% |
| 1992 | 16.2% | -1.9% |
| 1993 | 17.3% | +7.3% |
| 1994 | 17.5% | +0.8% |
| 1995 | 18.4% | +5.5% |
| 1996 | 16.4% | -11.2% |
| 1997 | 16.1% | -1.5% |
| 1998 | 15.5% | -3.6% |
| 1999 | 16.3% | +5.0% |
| 2000 | 15.9% | -2.8% |
| 2001 | 14.8% | -7.0% |
| 2002 | 14.4% | -2.2% |
| 2003 | 14.1% | -2.1% |
| 2004 | 13.9% | -1.6% |
| 2005 | 13.8% | -0.9% |
| 2006 | 15.2% | +9.9% |
| 2007 | 15.1% | -0.4% |
| 2008 | 15.3% | +1.4% |
| 2009 | 15.1% | -1.1% |
| 2010 | 16.0% | +5.5% |
| 2011 | 15.8% | -1.0% |
| 2012 | 16.1% | +2.1% |
| 2013 | 16.4% | +1.5% |
| 2014 | 15.1% | -7.7% |
| 2015 | 15.2% | +0.7% |
| 2016 | 15.3% | +0.4% |
| 2017 | 14.7% | -3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.6% | 15.5% | 18.4% | 10 |
| 2000s | 14.8% | 13.8% | 15.9% | 10 |
| 2010s | 15.6% | 14.7% | 16.4% | 8 |
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)
- 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 two sources of data on tax revenue as share of gdp in Panama?
- Two sources of data on tax revenue as share of gdp in Panama was 14.7% in 2017, according to OECD (2018) – processed by Our World in Data.
- What is the highest two sources of data on tax revenue as share of gdp recorded in Panama?
- The highest recorded value was 18.4% in 1995.
- What is the lowest two sources of data on tax revenue as share of gdp recorded in Panama?
- The lowest recorded value was 13.8% in 2005.
- How does Panama rank for two sources of data on tax revenue as share of gdp?
- Panama ranks 67th out of 77 countries with data for 2017.
- Is two sources of data on tax revenue as share of gdp rising or falling in Panama?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from OECD (2018) – processed by Our World in Data, published as part of Two sources of data on tax revenue as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Comparison of the OECD's Global Revenue Statistics Database and the UNU-WIDER's Global Revenue Database. Both series correspond to total taxes collected by the government as percentage of GDP.