Other taxes in Panama
Panama: Other taxes was 151.66 million current LCU in 2024. ▼ Falling
Other taxes 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 other taxes in Panama is 151.66 million current LCU, measured in 2024.
That represents a change of down 33.4% on the previous year and down 30.8% over ten years.
Over the whole period, other taxes in Panama peaked at 242.78 million current LCU in 2018 and was at its lowest, 124.13 million current LCU, in 2020.
That places Panama 106th out of 149 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 | 210.09 million current LCU | 164.65 million current LCU | 242.78 million current LCU | 6 |
| 2020s | 173.58 million current LCU | 124.13 million current LCU | 227.57 million current LCU | 5 |
Countries ranked near Panama
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 other taxes in Panama?
- Other taxes in Panama was 151.66 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other taxes recorded in Panama?
- The highest recorded value was 242.78 million current LCU in 2018.
- What is the lowest other taxes recorded in Panama?
- The lowest recorded value was 124.13 million current LCU in 2020.
- How does Panama rank for other taxes?
- Panama ranks 106th out of 149 countries with data for 2024.
- Is other taxes rising or falling in Panama?
- Over the last ten years it is down 30.8%. 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 Other taxes (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
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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.