Other taxes in Panama
Panama: Other taxes was 1.6% in 2024. ▼ Falling
Other taxes in Panama, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, other taxes in Panama stood at 1.6%. That is the lowest value across all 11 years on record.
The figure is down 27.6% on the previous year and down 49.1% over ten years.
Over the whole period, other taxes in Panama peaked at 3.2% in 2014 and was at its lowest, 1.6%, in 2024.
Panama ranks 52nd of 148 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Other taxes in Panama, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2014 | 3.2% | — |
| 2015 | 2.6% | -18.6% |
| 2016 | 2.7% | +2.0% |
| 2017 | 2.8% | +4.3% |
| 2018 | 2.7% | -2.5% |
| 2019 | 2.0% | -26.8% |
| 2020 | 1.9% | -5.0% |
| 2021 | 2.2% | +16.9% |
| 2022 | 2.1% | -3.1% |
| 2023 | 2.2% | +5.7% |
| 2024 | 1.6% | -27.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.6% | 2.0% | 3.2% | 6 |
| 2020s | 2.0% | 1.6% | 2.2% | 5 |
Countries ranked near Panama
More public sector data for Panama
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Arms imports (SIPRI trend indicator values), per capita 0.832 SIPRI trend indicator values per person (1989)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (1989)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.3 % change on previous year (1989)
- Arms imports (SIPRI trend indicator values), gaps filled 2.00 million SIPRI trend indicator values (1989)
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -100 % change on previous year (2000)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 26.9 SIPRI trend indicator values per square kilometre (1989)
Frequently asked questions
- What is other taxes in Panama?
- Other taxes in Panama was 1.6% 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 3.2% in 2014.
- What is the lowest other taxes recorded in Panama?
- The lowest recorded value was 1.6% in 2024.
- How does Panama rank for other taxes?
- Panama ranks 52nd out of 148 countries with data for 2024.
- Is other taxes rising or falling in Panama?
- Over the last ten years it is down 49.1%. 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 (% of revenue). Statizoid updates them automatically from the source API.
Download this data
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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.