Taxes on goods and services (current LCU), per unit of GDP in Panama
Panama: Taxes on goods and services (current LCU), per unit of GDP was 0.0351 current LCU per US$ of GDP in 2024. ▼ Falling
Taxes on goods and services (current LCU), per unit of GDP in Panama, 2014–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Panama is 0.0351 current LCU per US$ of GDP, measured in 2024.
That represents a change of up 2.2% on the previous year and down 27.0% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Panama peaked at 0.0481 current LCU per US$ of GDP in 2014 and was at its lowest, 0.0343 current LCU per US$ of GDP, in 2023.
That places Panama 150th 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.
Taxes on goods and services (current LCU), per unit of GDP in Panama, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2014 | 0.0481 current LCU per US$ of GDP | — |
| 2015 | 0.0471 current LCU per US$ of GDP | -2.1% |
| 2016 | 0.0473 current LCU per US$ of GDP | +0.6% |
| 2017 | 0.0455 current LCU per US$ of GDP | -3.9% |
| 2018 | 0.0435 current LCU per US$ of GDP | -4.4% |
| 2019 | 0.0436 current LCU per US$ of GDP | +0.3% |
| 2020 | 0.0409 current LCU per US$ of GDP | -6.1% |
| 2021 | 0.0393 current LCU per US$ of GDP | -3.9% |
| 2022 | 0.0397 current LCU per US$ of GDP | +0.8% |
| 2023 | 0.0343 current LCU per US$ of GDP | -13.5% |
| 2024 | 0.0351 current LCU per US$ of GDP | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0458 current LCU per US$ of GDP | 0.0435 current LCU per US$ of GDP | 0.0481 current LCU per US$ of GDP | 6 |
| 2020s | 0.0379 current LCU per US$ of GDP | 0.0343 current LCU per US$ of GDP | 0.0409 current LCU per US$ of GDP | 5 |
Countries ranked near Panama
- 147 Singapore 0.0508 current LCU per US$ of GDP compare
- 148 Switzerland 0.0445 current LCU per US$ of GDP compare
- 149 Canada 0.0378 current LCU per US$ of GDP compare
- 151 Timor-Leste 0.0315 current LCU per US$ of GDP compare
- 152 United Arab Emirates 0.0238 current LCU per US$ of GDP compare
- 153 Micronesia (country) 0.0126 current LCU per US$ of GDP compare
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 taxes on goods and services (current lcu), per unit of gdp in Panama?
- Taxes on goods and services (current lcu), per unit of gdp in Panama was 0.0351 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Panama?
- The highest recorded value was 0.0481 current LCU per US$ of GDP in 2014.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Panama?
- The lowest recorded value was 0.0343 current LCU per US$ of GDP in 2023.
- How does Panama rank for taxes on goods and services (current lcu), per unit of gdp?
- Panama ranks 150th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Panama?
- Over the last ten years it is down 27.0%. 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 Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services 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
Taxes on goods and services (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.