Taxes on international trade in Panama
Panama: Taxes on international trade was 308.12 million current LCU in 2024. βΌ Falling
Taxes on international trade in Panama, 2014β2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Panama recorded 308.12 million current LCU for taxes on international trade in 2024.
The figure is up 4.1% on the previous year and down 19.2% over ten years.
Over the whole period, taxes on international trade in Panama peaked at 390.67 million current LCU in 2015 and was at its lowest, 216.82 million current LCU, in 2020.
Panama ranks 112th of 155 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.
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
- 109 Denmark 482.00 million current LCU compare
- 110 Seychelles 394.99 million current LCU
- 111 Saint Lucia 326.82 million current LCU
- 113 Barbados 246.23 million current LCU
- 114 Jordan 240.10 million current LCU compare
- 115 Belize 157.81 million current LCU
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)
- Arms imports (SIPRI trend indicator values), per square kilometre 26.9 SIPRI trend indicator values per square kilometre (1989)
- Tax revenue 7.2% (2024)
- Capital stock, General government, Current prices, Domestic currency 38.39 (2019)
- Taxes on income, profits and capital gains 29.1% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 45.09 (2019)
Frequently asked questions
- What is taxes on international trade in Panama?
- Taxes on international trade 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 taxes on international trade recorded in Panama?
- The highest recorded value was 390.67 million current LCU in 2015.
- What is the lowest taxes on international trade recorded in Panama?
- The lowest recorded value was 216.82 million current LCU in 2020.
- How does Panama rank for taxes on international trade?
- Panama ranks 112th out of 155 countries with data for 2024.
- Is taxes on international trade 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 Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-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.