Government revenue in Panama in 2024 — 10.7%. Ranked 85 in the world out of 89. Since 2014, the indicator has fallen by 2.54 pp.
2014–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Panama
| Year | % | Change, pp |
|---|---|---|
| 2024 | 10.7 | −1.31 pp |
| 2023 | 12 | +0.02 pp |
| 2022 | 11.99 | +0.61 pp |
| 2021 | 11.37 | −0.13 pp |
| 2020 | 11.51 | −0.33 pp |
| 2019 | 11.83 | −1.35 pp |
| 2018 | 13.19 | −0.26 pp |
| 2017 | 13.44 | +0.76 pp |
| 2016 | 12.69 | −0.13 pp |
| 2015 | 12.81 | −0.42 pp |
| 2014 | 13.23 | — |
The same indicator for neighboring countries — with links to their pages
Central government revenue excluding grants, as a percent of GDP. Beyond taxes it includes non-tax receipts: dividends of state-owned companies, revenue from the sale of extraction rights, duties and fees. That is why the difference between this indicator and tax revenue says something about the structure of a state: in commodity countries it is large, because a substantial part of the budget comes not from taxes but from rent.
Important: Grants are excluded deliberately: in the poorest countries foreign aid can make up a substantial part of the budget, and with it included the indicator would no longer measure the ability of a state to raise revenue.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state spends in a year — including wages, pensions, benefits and interest on debt.
Public Finance Budget balanceThe budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.
Public Finance Tax revenue (% of GDP)Taxes collected as a percent of GDP — the fiscal capacity of the state.
Public Finance Government debtGross general government debt as a percent of GDP.
