Tax revenue (% of GDP) in Panama in 2024 — 7.18%. Ranked 85 in the world out of 89. Since 2014, the indicator has fallen by 2.78 pp.
2014–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Panama
| Year | % | Change, pp |
|---|---|---|
| 2024 | 7.18 | −1.23 pp |
| 2023 | 8.41 | −0.19 pp |
| 2022 | 8.6 | +0.73 pp |
| 2021 | 7.87 | −0.4 pp |
| 2020 | 8.27 | −0.58 pp |
| 2019 | 8.85 | −0.74 pp |
| 2018 | 9.59 | −0.07 pp |
| 2017 | 9.67 | −0.39 pp |
| 2016 | 10.06 | +0.26 pp |
| 2015 | 9.8 | −0.16 pp |
| 2014 | 9.96 | — |
The same indicator for neighboring countries — with links to their pages
Central government tax revenue as a percent of GDP, excluding compulsory social contributions and revenue from fines and penalties. A level of 15% of GDP is considered the minimum threshold at which a state is able to provide basic services and infrastructure.
Important: Only the central budget is counted — in federal states the overall tax burden is substantially higher.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state collects in a year — all revenue except foreign grants.
Public Finance Government expenseHow much the state spends in a year — including wages, pensions, benefits and interest on debt.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Public Finance Government debtGross general government debt as a percent of GDP.
