COUNTRY / INDICATOR
Panama Tax Revenue
Panama tax revenue: latest available value for 2024, historical series from 2016, ranking context and source documentation.
Series overview
GC.TAX.TOTL.GD.ZS| Year | Value | Change |
|---|---|---|
| 2024 | 7,18 | -1,23 |
| 2023 | 8,41 | -0,19 |
| 2022 | 8,60 | 0,73 |
| 2021 | 7,87 | -0,40 |
| 2020 | 8,27 | -0,58 |
| 2019 | 8,85 | -0,74 |
| 2018 | 9,59 | -0,07 |
| 2017 | 9,67 | -0,39 |
| 2016 | 10,06 | — |
Source methodology
World Development IndicatorsIndicator note: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source organization: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Metadata fetched: 2026-09-27 07:20:36. Open original metadata response.
Revision history
35 detected changesSource revisions are retained before the current observation is replaced. This table documents the previous and replacement value for reproducibility.
| Detected | Data year | Previous value | Replacement value | Source | Source update |
|---|---|---|---|---|---|
| 2026-09-28 19:34:28 | 2019 | 8,85 | 8,85 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 19:34:28 | 2020 | 8,27 | 8,27 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 19:34:28 | 2021 | 7,87 | 7,87 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 19:34:28 | 2022 | 8,60 | 8,60 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 19:34:28 | 2023 | 8,41 | 8,41 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 19:34:28 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-27 02:07:07 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-09 18:23:21 | 2019 | 8,85 | 8,85 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-09 18:23:21 | 2020 | 8,27 | 8,27 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-09 18:23:21 | 2021 | 7,87 | 7,87 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-09 18:23:21 | 2022 | 8,60 | 8,60 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-09 18:23:21 | 2023 | 8,41 | 8,41 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-09 18:23:21 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-07 19:18:08 | 2019 | 8,85 | 8,85 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-07 19:18:08 | 2020 | 8,27 | 8,27 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-07 19:18:08 | 2021 | 7,87 | 7,87 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-07 19:18:08 | 2022 | 8,60 | 8,60 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-07 19:18:08 | 2023 | 8,41 | 8,41 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-07 19:18:08 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-06 03:36:05 | 2019 | 8,85 | 8,85 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-06 03:36:05 | 2020 | 8,27 | 8,27 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-06 03:36:05 | 2021 | 7,87 | 7,87 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-06 03:36:05 | 2022 | 8,60 | 8,60 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-06 03:36:05 | 2023 | 8,41 | 8,41 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-06 03:36:05 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2016 | 10,06 | 10,06 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2017 | 9,67 | 9,67 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2018 | 9,59 | 9,59 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2019 | 8,85 | 8,85 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2020 | 8,27 | 8,27 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2021 | 7,87 | 7,87 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2022 | 8,60 | 8,60 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2023 | 8,41 | 8,41 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-02 07:37:13 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-01 00:31:33 | 2024 | 7,18 | 7,18 | World Bank Indicators API | 2026-07-13 02:00:00 |
Country-specific interpretation
Automatically derived from the displayed seriesPanama recorded 7,18 percent of GDP in 2024, the latest year available in this series.
Compared with 2023, the tax revenue decreased by 1,23.
Across the latest five-year comparison window, the series shows an downward direction.
Across 9 observations from 2016 to 2024, the average was 8,72; the minimum was 7,18 in 2024 and the maximum was 10,06 in 2016.
Panama ranks 149 out of 161 countries with a current value in the portal ranking.
The latest value is below the available average for Latin America & Caribbean.
It is also below the available average for the High income group.
Tax capacity and public financing base.