Panama Tax Revenue: % of GDP

2007 - 2023 | Quarterly | % | CEIC Data

Key information about Panama Tax revenue: % of GDP

  • Panama Tax revenue: % of GDP was reported at 7.2 % in Sep 2023.
  • This records a decrease from the previous number of 7.3 % for Jun 2023.
  • Panama Tax revenue: % of GDP data is updated quarterly, averaging 9.4 % from Mar 2007 to Sep 2023, with 67 observations.
  • The data reached an all-time high of 12.8 % in Mar 2012 and a record low of 5.5 % 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 Sep 2023 in the chart:

Panama Tax Revenue: % of GDP

What was Panama's Tax Revenue: % of GDP in Sep 2023?

Panama Tax revenue: % of GDP was reported at 7.2 % in Sep 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.2 Sep 2023 7.3 Jun 2023 5.5 Mar 2023 12.8 Mar 2012 % quarterly Mar 2007 - Sep 2023

Tax Revenue: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 19.6 2022 yearly 2008 - 2022
Algeria (%) 5.0 2022 yearly 1997 - 2022
Argentina (%) 17.0 Sep 2023 quarterly Mar 2004 - Sep 2023
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 29.2 Dec 2023 quarterly Sep 2002 - Dec 2023
Austria (%) 27.7 Sep 2023 quarterly Mar 2001 - Sep 2023
Azerbaijan (%) 17.9 2023 yearly 1993 - 2023
Bahrain (%) 5.2 2022 yearly 1990 - 2022
Bangladesh (%) 7.9 2023 yearly 2006 - 2023
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.7 2022 yearly 1980 - 2022
Bolivia (%) 17.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 21.7 2022 yearly 2005 - 2022
Botswana (%) 34.0 Jun 2023 quarterly Jun 2007 - Jun 2023
Brazil (%) 15.8 Dec 2023 quarterly Sep 1994 - Dec 2023
Brunei (%) 1.6 2022 yearly 2010 - 2022
Bulgaria (%) 29.3 Dec 2023 quarterly Mar 2003 - Dec 2023
Cambodia (%) 18.3 2022 yearly 2013 - 2022
Canada (%) 12.1 Dec 2023 quarterly Mar 1996 - Dec 2023
Chile (%) 22.8 2022 yearly 1990 - 2022
China (%) 12.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Colombia (%) 13.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Croatia (%) 26.2 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 28.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Czech Republic (%) 20.2 Sep 2023 quarterly Mar 1995 - Sep 2023
Denmark (%) 44.2 Sep 2023 quarterly Mar 1999 - Sep 2023
Ecuador (%) 10.9 Sep 2023 quarterly Mar 2000 - Sep 2023
Egypt (%) 5.3 2022 yearly 2005 - 2022
Estonia (%) 21.8 Sep 2023 quarterly Mar 1999 - Sep 2023
European Union (%) 26.7 2022 yearly 1995 - 2022
Finland (%) 26.3 Sep 2023 quarterly Mar 1999 - Sep 2023
France (%) 17.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Georgia (%) 23.0 Sep 2023 quarterly Mar 2006 - Sep 2023
Germany (%) 23.7 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 26.7 Sep 2023 quarterly Mar 1999 - Sep 2023
Hong Kong SAR, China (%) 19.1 Dec 2023 quarterly Sep 1979 - Dec 2023
Hungary (%) 24.0 Sep 2023 quarterly Mar 1999 - Sep 2023
Iceland (%) 40.0 Dec 2023 quarterly Mar 2002 - Dec 2023
India (%) 7.5 Dec 2023 quarterly Jun 1997 - Dec 2023
Indonesia (%) 10.8 Dec 2023 quarterly Mar 2014 - Dec 2023
Iran (%) 5.1 2020 yearly 1996 - 2020
Ireland (%) 16.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Israel (%) 19.6 Dec 2023 quarterly Mar 2001 - Dec 2023
Italy (%) 28.1 Sep 2023 quarterly Mar 1999 - Sep 2023
Ivory Coast (%) 11.7 2022 yearly 1960 - 2022
Japan (%) 12.5 Dec 2023 quarterly Jun 1983 - Dec 2023
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 18.2 Sep 2023 quarterly Mar 2008 - Sep 2023
Kenya (%) 7.1 2022 yearly 2006 - 2022
South Korea (%) 22.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Kosovo (%) 25.1 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.0 2022 yearly 1988 - 2022
Kyrgyzstan (%) 20.1 Dec 2023 quarterly Mar 2007 - Dec 2023
Laos (%) 11.3 2022 yearly 2012 - 2022
Latvia (%) 22.4 Jun 2023 quarterly Mar 1999 - Jun 2023
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 19.6 Sep 2023 quarterly Mar 1999 - Sep 2023
Luxembourg (%) 27.2 2022 yearly 1995 - 2022
Macau SAR, China (%) 17.1 2022 yearly 2002 - 2022
North Macedonia (%) 17.9 Jun 2023 quarterly Mar 2004 - Jun 2023
Malawi (%) 11.4 2021 yearly 2009 - 2021
Malaysia (%) 12.3 Sep 2023 quarterly Mar 1991 - Sep 2023
Malta (%) 21.7 Sep 2023 quarterly Mar 2000 - Sep 2023
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 14.0 Dec 2023 quarterly Mar 1993 - Dec 2023
Moldova (%) 21.1 2022 yearly 2004 - 2022
Mongolia (%) 19.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Montenegro (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 2023
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 (%) 25.6 Sep 2023 quarterly Mar 1999 - Sep 2023
New Zealand (%) 31.5 2022 yearly 1999 - 2022
Norway (%) 30.6 Sep 2023 quarterly Mar 2002 - Sep 2023
Oman (%) 3.8 2021 yearly 1996 - 2021
Pakistan (%) 5.8 2023 yearly 2000 - 2023
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Paraguay (%) 11.1 Sep 2023 quarterly Mar 1998 - Sep 2023
Peru (%) 13.6 Dec 2023 quarterly Mar 1990 - Dec 2023
Philippines (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
Poland (%) 15.6 Dec 2023 quarterly Mar 2007 - Dec 2023
Portugal (%) 22.3 Jun 2023 quarterly Mar 1999 - Jun 2023
Russia (%) 20.5 Sep 2023 quarterly Mar 1996 - Sep 2023
Serbia (%) 41.7 Jun 2023 quarterly Mar 2005 - Jun 2023
Singapore (%) 10.1 Dec 2023 quarterly Dec 1987 - Dec 2023
Slovakia (%) 15.1 Jun 2023 quarterly Mar 2005 - Jun 2023
Slovenia (%) 19.0 Sep 2023 quarterly Mar 2000 - Sep 2023
South Africa (%) 21.0 Sep 2023 quarterly Mar 1990 - Sep 2023
Spain (%) 24.6 2021 yearly 1995 - 2021
Sri Lanka (%) 10.6 Sep 2023 quarterly Mar 2014 - Sep 2023
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.9 2022 yearly 1995 - 2022
Switzerland (%) 28.3 2020 yearly 1990 - 2020
Taiwan (%) 10.3 Dec 2023 quarterly Mar 1975 - Dec 2023
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.4 2022 yearly 1990 - 2022
Tunisia (%) 24.6 2022 yearly 1991 - 2022

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Panama Key Series

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Includes 164 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 762.604 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 46,894.6 Jan 2024 monthly Jul 2004 - Jan 2024
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 553,673.642 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue: Tax (PAB th) 762,604.057 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue (PAB th) 3,105,099.378 Dec 2023 monthly Jan 1995 - Dec 2023
Public Debt: Domestic (USD mn) 7,004.936 Jan 2024 monthly Jul 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -79.6 Dec 2023 monthly Jan 2001 - Dec 2023
Aluminum: Exports (USD th) 1,490.770 2022 yearly 1995 - 2022
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) 1,171.0 Dec 2023 monthly Jan 2000 - Dec 2023
Total Imports Growth (%) -6.6 Dec 2023 monthly Jan 2001 - Dec 2023
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) 14.124 Nov 2023 monthly Jan 1970 - Nov 2023
Total Imports from USA (USD mn) 179.004 Nov 2023 monthly Jan 1967 - Nov 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 149.250 Nov 2023 monthly Mar 1989 - Nov 2023
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 39,889.6 Jan 2024 monthly Jul 2004 - Jan 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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 5,420.6 Jan 2024 monthly Oct 1969 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Sep 1969 - Jan 2024
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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