Customs and other import duties in Panama
Panama: Customs and other import duties was 308.12 million current LCU in 2024. ▼ Falling
Customs and other import duties in Panama, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for customs and other import duties in Panama is 308.12 million current LCU, measured in 2024.
That represents a change of up 4.1% on the previous year and down 19.2% over ten years.
Over the whole period, customs and other import duties in Panama peaked at 390.67 million current LCU in 2015 and was at its lowest, 216.82 million current LCU, in 2020.
That places Panama 106th out of 152 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 357.08 million current LCU | 319.77 million current LCU | 390.67 million current LCU | 6 |
| 2020s | 286.03 million current LCU | 216.82 million current LCU | 322.53 million current LCU | 5 |
Countries ranked near Panama
- 103 Seychelles 392.99 million current LCU
- 104 Fiji 380.09 million current LCU compare
- 105 Solomon Islands 324.03 million current LCU compare
- 107 Bahamas 258.45 million current LCU compare
- 108 Barbados 245.19 million current LCU
- 109 Jordan 240.10 million current LCU compare
More public sector data for Panama
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Tax revenue 7.2% (2024)
- Taxes on income, profits and capital gains 29.1% (2024)
- Taxes on goods and services 32.6% (2024)
- Net investment in nonfinancial assets 2.1% (2024)
- Net lending (+) / net borrowing (-) -8.2% (2024)
- Interest payments 28.9% (2024)
- Grants and other revenue 33.3% (2024)
- Interest payments 13.4% (2021)
- Other taxes 1.6% (2024)
Frequently asked questions
- What is customs and other import duties in Panama?
- Customs and other import duties in Panama was 308.12 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Panama?
- The highest recorded value was 390.67 million current LCU in 2015.
- What is the lowest customs and other import duties recorded in Panama?
- The lowest recorded value was 216.82 million current LCU in 2020.
- How does Panama rank for customs and other import duties?
- Panama ranks 106th out of 152 countries with data for 2024.
- Is customs and other import duties rising or falling in Panama?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.