Panama Tax Revenue: % of GDP

2007 - 2024 | Quarterly | % | CEIC Data

Key information about Panama Tax revenue: % of GDP

  • Panama Tax revenue: % of GDP was reported at 6.7 % in Jun 2024.
  • This records a decrease from the previous number of 6.9 % for Mar 2024.
  • Panama Tax revenue: % of GDP data is updated quarterly, averaging 9.4 % from Mar 2007 to Jun 2024, with 70 observations.
  • The data reached an all-time high of 12.8 % in Mar 2012 and a record low of 5.6 % in Mar 2023.
  • Panama Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The National Institute of Statistics and Census provides Tax Revenue in local currency and Nominal GDP in local currency based on SNA 2008. Tax Revenue covers Central Government only. Nominal GDP prior to Q1 2018 is based on SNA 1993.

View Panama's Tax Revenue: % of GDP from Mar 2007 to Jun 2024 in the chart:

Panama Tax Revenue: % of GDP

What was Panama's Tax Revenue: % of GDP in Jun 2024?

Panama Tax revenue: % of GDP was reported at 6.7 % in Jun 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.7 Jun 2024 6.9 Mar 2024 5.6 Mar 2023 12.8 Mar 2012 % quarterly Mar 2007 - Jun 2024

Tax Revenue: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 19.2 2023 yearly 2008 - 2023
Algeria (%) 4.8 2023 yearly 1997 - 2023
Argentina (%) 17.8 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 33.5 Jun 2024 quarterly Sep 2002 - Jun 2024
Austria (%) 27.2 Jun 2024 quarterly Mar 2001 - Jun 2024
Azerbaijan (%) 17.9 2023 yearly 1993 - 2023
Bahrain (%) 5.3 2023 yearly 1990 - 2023
Bangladesh (%) 7.8 2023 yearly 2006 - 2023
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.8 2023 yearly 1980 - 2023
Bolivia (%) 17.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 21.6 2023 yearly 2005 - 2023
Botswana (%) 34.0 Jun 2023 quarterly Jun 2007 - Jun 2023
Brazil (%) 15.9 Sep 2024 quarterly Sep 1994 - Sep 2024
Brunei (%) 1.8 2023 yearly 2010 - 2023
Bulgaria (%) 31.5 Jun 2024 quarterly Mar 2003 - Jun 2024
Cambodia (%) 13.5 2022 yearly 2009 - 2022
Canada (%) 13.2 Jun 2024 quarterly Mar 1996 - Jun 2024
Chile (%) 19.4 2023 yearly 1990 - 2023
China (%) 11.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Colombia (%) 16.8 Jun 2024 quarterly Mar 2000 - Jun 2024
Croatia (%) 26.1 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 20.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Czech Republic (%) 19.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 44.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Ecuador (%) 15.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Egypt (%) 5.5 2023 yearly 2005 - 2023
Estonia (%) 23.4 Jun 2024 quarterly Mar 1999 - Jun 2024
European Union (%) 25.8 2023 yearly 1995 - 2023
Finland (%) 33.0 Jun 2024 quarterly Mar 1999 - Jun 2024
France (%) 15.9 Sep 2024 quarterly Mar 2006 - Sep 2024
Georgia (%) 26.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Germany (%) 23.4 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 31.7 Jun 2024 quarterly Mar 1999 - Jun 2024
Hong Kong SAR, China (%) 6.7 Jun 2024 quarterly Sep 1979 - Jun 2024
Hungary (%) 26.1 Jun 2024 quarterly Mar 1999 - Jun 2024
Iceland (%) 30.9 Jun 2024 quarterly Mar 2002 - Jun 2024
India (%) 7.1 Jun 2024 quarterly Jun 1997 - Jun 2024
Indonesia (%) 9.5 Sep 2024 quarterly Mar 2014 - Sep 2024
Iran (%) 4.9 2021 yearly 1996 - 2021
Ireland (%) 20.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 22.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Italy (%) 29.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Ivory Coast (%) 13.1 2023 yearly 1960 - 2023
Japan (%) 15.4 Jun 2024 quarterly Jun 1983 - Jun 2024
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 15.3 Dec 2023 quarterly Mar 2008 - Dec 2023
Kenya (%) 7.0 2023 yearly 2006 - 2023
South Korea (%) 13.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Kosovo (%) 24.8 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.1 2023 yearly 1986 - 2023
Kyrgyzstan (%) 30.8 Mar 2024 quarterly Mar 2007 - Mar 2024
Laos (%) 13.0 2023 yearly 2012 - 2023
Latvia (%) 24.9 Jun 2024 quarterly Mar 1999 - Jun 2024
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 25.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Luxembourg (%) 29.4 2023 yearly 1995 - 2023
Macau SAR, China (%) 22.2 2023 yearly 2002 - 2023
North Macedonia (%) 20.2 Jun 2024 quarterly Mar 2004 - Jun 2024
Malawi (%) 12.8 2022 yearly 2009 - 2022
Malaysia (%) 11.3 Jun 2024 quarterly Mar 1991 - Jun 2024
Malta (%) 25.1 Jun 2024 quarterly Mar 2000 - Jun 2024
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 15.1 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) 21.0 2023 yearly 2004 - 2023
Mongolia (%) 25.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (%) 28.8 Jun 2024 quarterly Mar 2012 - Jun 2024
Morocco (%) 22.5 Jun 2022 quarterly Mar 2007 - Jun 2022
Mozambique (%) 18.2 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 26.6 Jun 2024 quarterly Mar 1999 - Jun 2024
New Zealand (%) 30.8 2023 yearly 1999 - 2023
Norway (%) 31.3 Jun 2024 quarterly Mar 2002 - Jun 2024
Oman (%) 4.5 2023 yearly 1996 - 2023
Pakistan (%) 5.8 2023 yearly 2000 - 2023
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 6.7 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 13.6 Jun 2024 quarterly Mar 1998 - Jun 2024
Peru (%) 15.2 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) 15.6 Sep 2024 quarterly Mar 1985 - Sep 2024
Poland (%) 16.9 Jun 2024 quarterly Mar 2007 - Jun 2024
Portugal (%) 22.0 Mar 2024 quarterly Mar 1999 - Mar 2024
Russia (%) 21.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Serbia (%) 42.4 Jun 2024 quarterly Mar 2005 - Jun 2024
Singapore (%) 16.7 Jun 2024 quarterly Dec 1987 - Jun 2024
Slovakia (%) 14.0 Jun 2024 quarterly Mar 2005 - Jun 2024
Slovenia (%) 22.8 Jun 2024 quarterly Mar 2000 - Jun 2024
South Africa (%) 21.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Spain (%) 23.6 2023 yearly 1995 - 2023
Sri Lanka (%) 12.9 Jun 2024 quarterly Mar 2014 - Jun 2024
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.2 2023 yearly 1995 - 2023
Switzerland (%) 26.7 2022 yearly 1990 - 2022
Taiwan (%) 25.2 Jun 2024 quarterly Mar 1975 - Jun 2024
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.2 2023 yearly 1990 - 2023
Tunisia (%) 25.4 2023 yearly 1991 - 2023

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 324.482 Aug 2024 monthly Jan 1995 - Aug 2024
Tax Revenue: % of GDP (%) 6.7 Jun 2024 quarterly Mar 2007 - Jun 2024
National Government Debt (USD mn) 52,374.4 Sep 2024 monthly Jul 2004 - Sep 2024
Government Debt: % of GDP (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue: Tax (PAB th) 324,482.432 Aug 2024 monthly Jan 1995 - Aug 2024
Central Government Revenue: Current Revenue (PAB th) 416,985.014 Aug 2024 monthly Jan 1995 - Aug 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 126,490.852 Aug 2024 monthly Jan 1995 - Aug 2024
Public Debt: Domestic (USD mn) 9,513.549 Sep 2024 monthly Jul 2004 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,137.9 Aug 2024 monthly Jan 1964 - Aug 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -78.5 Aug 2024 monthly Jan 2001 - Aug 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,213.5 Aug 2024 monthly Jan 2000 - Aug 2024
Total Imports Growth (%) -13.3 Aug 2024 monthly Jan 2001 - Aug 2024
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 43.777 Jul 2024 monthly Jan 1970 - Jul 2024
Total Imports from USA (USD mn) 3.675 Jul 2024 monthly Jan 1967 - Jul 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 8.220 Jul 2024 monthly Mar 1989 - Jul 2024
Exports: FOB: Prawn (PAB th) 9,354.541 Aug 2024 monthly Jan 2000 - Aug 2024
Exports: FOB: Banana (PAB th) 11,157.195 Aug 2024 monthly Jan 2000 - Aug 2024
Exports: FOB: Seafood Products (PAB th) 10,858.852 Aug 2024 monthly Jan 2002 - Aug 2024
Exports: FOB (PAB th) 75,636.141 Aug 2024 monthly Jan 2000 - Aug 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 94.7 Jun 2024 quarterly Mar 2013 - Jun 2024
Current Account Balance (USD mn) 434.7 Jun 2024 quarterly Mar 1998 - Jun 2024
Current Account Balance: % of GDP (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Direct Investment (USD mn) 731.9 Jun 2024 quarterly Mar 1998 - Jun 2024
Foreign Direct Investment: % of GDP (%) 3.8 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 0.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
External Debt (USD mn) 42,860.8 Sep 2024 monthly Jul 2004 - Sep 2024
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -74,373.797 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: Net Errors and Omissions (PAB mn) -1,074.780 Jun 2024 quarterly Mar 2013 - Jun 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 434.679 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods (PAB mn) -2,641.439 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Credit (PAB mn) 3,860.024 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Debit (PAB mn) -6,501.463 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services (PAB mn) 3,793.233 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income (PAB mn) -699.429 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Credit (PAB mn) 1,040.920 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Credit (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Debit (PAB mn) -1,740.348 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Direct Investment (PAB mn) 637.235 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financing: Reserve Assets (PAB mn) 2,511.505 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financial Account (FA) (PAB mn) -1,712.281 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,071.876 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Debit (PAB mn) -1,204.292 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Credit (PAB mn) 4,997.525 Jun 2024 quarterly Mar 2013 - Jun 2024
International Investment Position (IIP) (USD mn) -74,373.797 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Assets (USD mn) 104,112.057 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Liabilities (USD mn) 178,485.854 Jun 2024 quarterly Mar 2015 - Jun 2024
Foreign Direct Investment (FDI) (PAB mn) 731.906 Jun 2024 quarterly Mar 2013 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2024 monthly Dec 2008 - Sep 2024
Household Debt: % of GDP (%) 38.2 Jun 2024 quarterly Dec 2007 - Jun 2024
Non-Performing Loans (USD mn) 1,550.659 Sep 2024 monthly Dec 2008 - Sep 2024
Money Supply M1 (USD mn) 8,749.080 Jul 2024 monthly Dec 2002 - Jul 2024
Money Supply M2 (USD mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
M2 Growth (%) 8.7 Jul 2024 monthly Dec 2003 - Jul 2024
Foreign Exchange Reserves (USD mn) 4,502.2 Jul 2024 monthly Oct 1969 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 5.729 Jun 2024 quarterly Dec 2007 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 3.5 Aug 2024 monthly Jan 2000 - Aug 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,351.873 Sep 2024 monthly Dec 1998 - Sep 2024
Total Deposits Growth (%) 6.8 Sep 2024 monthly Dec 1999 - Sep 2024
Domestic Credit (USD mn) 63,079.0 Aug 2024 monthly Dec 2001 - Aug 2024
Domestic Credit Growth (%) 5.0 Aug 2024 monthly Dec 2002 - Aug 2024
Household Debt (USD mn) 32,516.0 Aug 2024 monthly Oct 2005 - Aug 2024
Total Loans (USD mn) 96,404.929 Sep 2024 monthly Dec 1998 - Sep 2024
Total Loans Growth (%) 8.77 Sep 2024 monthly Dec 1999 - Sep 2024
Private Debt: % of Nominal GDP (%) 69.20 Jun 2024 quarterly Dec 2007 - Jun 2024
Money Supply: M3 (PAB mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 20,911.483 Aug 2024 monthly Dec 2002 - Aug 2024

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