Tax revenue (current LCU), per unit of GDP in Panama
Panama: Tax revenue (current LCU), per unit of GDP was 0.0718 current LCU per US$ of GDP in 2024. ▼ Falling
Tax revenue (current LCU), per unit of GDP in Panama, 2014–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Panama recorded 0.0718 current LCU per US$ of GDP for tax revenue (current lcu), per unit of gdp in 2024. That is the lowest value across all 11 years on record.
The figure is down 14.6% on the previous year and down 27.9% over ten years.
Over the whole period, tax revenue (current lcu), per unit of gdp in Panama peaked at 0.1006 current LCU per US$ of GDP in 2016 and was at its lowest, 0.0718 current LCU per US$ of GDP, in 2024.
That places Panama 152nd out of 157 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Tax revenue (current LCU), per unit of GDP in Panama, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2014 | 0.0996 current LCU per US$ of GDP | — |
| 2015 | 0.098 current LCU per US$ of GDP | -1.6% |
| 2016 | 0.1006 current LCU per US$ of GDP | +2.6% |
| 2017 | 0.0967 current LCU per US$ of GDP | -3.9% |
| 2018 | 0.0959 current LCU per US$ of GDP | -0.8% |
| 2019 | 0.0885 current LCU per US$ of GDP | -7.7% |
| 2020 | 0.0827 current LCU per US$ of GDP | -6.6% |
| 2021 | 0.0787 current LCU per US$ of GDP | -4.8% |
| 2022 | 0.086 current LCU per US$ of GDP | +9.2% |
| 2023 | 0.0841 current LCU per US$ of GDP | -2.2% |
| 2024 | 0.0718 current LCU per US$ of GDP | -14.6% |
Panama compared with similar countries
- Panama's 0.0718 current LCU per US$ of GDP is below the median for high income countries, which is 0.2335 current LCU per US$ of GDP, 31% of the median. (57 countries reporting)
- Panama's 0.0718 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 1.13 current LCU per US$ of GDP, 6% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0965 current LCU per US$ of GDP | 0.0885 current LCU per US$ of GDP | 0.1006 current LCU per US$ of GDP | 6 |
| 2020s | 0.0807 current LCU per US$ of GDP | 0.0718 current LCU per US$ of GDP | 0.086 current LCU per US$ of GDP | 5 |
Countries ranked near Panama
- 149 United States 0.1077 current LCU per US$ of GDP compare
- 150 Germany 0.1006 current LCU per US$ of GDP compare
- 151 Switzerland 0.0832 current LCU per US$ of GDP compare
- 153 Micronesia (country) 0.0703 current LCU per US$ of GDP compare
- 154 United Arab Emirates 0.0238 current LCU per US$ of GDP compare
- 155 Bahrain 0.0106 current LCU per US$ of GDP compare
More public sector data for Panama
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is tax revenue (current lcu), per unit of gdp in Panama?
- Tax revenue (current lcu), per unit of gdp in Panama was 0.0718 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), per unit of gdp recorded in Panama?
- The highest recorded value was 0.1006 current LCU per US$ of GDP in 2016.
- What is the lowest tax revenue (current lcu), per unit of gdp recorded in Panama?
- The lowest recorded value was 0.0718 current LCU per US$ of GDP in 2024.
- How does Panama rank for tax revenue (current lcu), per unit of gdp?
- Panama ranks 152nd out of 157 countries with data for 2024.
- Is tax revenue (current lcu), per unit of gdp rising or falling in Panama?
- Over the last ten years it is down 27.9%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Tax revenue (current LCU) ÷ GDP (current US$)
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.