Panama Tax Revenue: % of GDP

2007 - 2020 | Quarterly | % | CEIC Data

Key information about Panama`s Tax revenue: % of GDP

  • Panama Tax revenue: % of GDP was reported at 7.5 % in Dec 2020.
  • This records a decrease from the previous number of 8.5 % for Sep 2020.
  • Panama Tax revenue: % of GDP data is updated quarterly, averaging 9.7 % from Mar 2007 to Dec 2020, with 56 observations.
  • The data reached an all-time high of 12.8 % in Mar 2012 and a record low of 6.3 % in Jun 2020.
  • 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: North and South America.

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. Tax Revenue covers Central Government only.

View Panama's Tax Revenue: % of GDP from Mar 2007 to Dec 2020 in the chart:

Panama Tax Revenue: % of GDP

What was Panama's Tax Revenue: % of GDP in Dec 2020?

Panama Tax revenue: % of GDP was reported at 7.5 % in Dec 2020. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.5 Dec 2020 8.5 Sep 2020 6.3 Jun 2020 12.8 Mar 2012 % quarterly Mar 2007 - Dec 2020

Tax Revenue: % of GDP by Country Comparison

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Includes Tax Revenue: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 18.7 2020 yearly 2008 - 2020
Algeria (%) 5.8 2018 yearly 1997 - 2018
Argentina (%) 17.3 Dec 2020 quarterly Mar 2004 - Dec 2020
Armenia (%) 26.4 Mar 2021 quarterly Mar 2008 - Mar 2021
Australia (%) 28.6 Mar 2021 quarterly Sep 2002 - Mar 2021
Austria (%) 28.5 Dec 2020 quarterly Mar 2001 - Dec 2020
Azerbaijan (%) 14.4 2019 yearly 1993 - 2019
Bahrain (%) 2.1 2017 yearly 1990 - 2017
Bangladesh (%) 8.0 2020 yearly 2006 - 2020
Belarus (%) 24.1 Dec 2020 quarterly Mar 2009 - Dec 2020
Belgium (%) 29.8 2020 yearly 1980 - 2020
Bolivia (%) 18.3 2018 yearly 1990 - 2018
Bosnia and Herzegovina (%) 22.7 2019 yearly 2005 - 2019
Botswana (%) 25.6 Dec 2020 quarterly Jun 2007 - Dec 2020
Brazil (%) 17.2 Mar 2021 quarterly Sep 1994 - Mar 2021
Brunei (%) 1.9 2019 yearly 2010 - 2019
Bulgaria (%) 33.4 Mar 2021 quarterly Mar 2003 - Mar 2021
Cambodia (%) 19.4 2019 yearly 2013 - 2019
Canada (%) 13.5 Mar 2021 quarterly Mar 1996 - Mar 2021
Chile (%) 17.8 2020 yearly 1990 - 2020
China (%) 4.7 Mar 2021 quarterly Mar 1995 - Mar 2021
Colombia (%) 15.3 Mar 2021 quarterly Mar 2000 - Mar 2021
Croatia (%) 26.6 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 23.5 Mar 2021 quarterly Mar 1995 - Mar 2021
Czech Republic (%) 20.0 Dec 2020 quarterly Mar 1995 - Dec 2020
Denmark (%) 48.0 Dec 2020 quarterly Mar 1999 - Dec 2020
Ecuador (%) 12.0 Dec 2020 quarterly Mar 2000 - Dec 2020
Egypt (%) 5.6 2020 yearly 2005 - 2020
Estonia (%) 22.2 Dec 2020 quarterly Mar 2000 - Dec 2020
European Union (%) 26.4 2020 yearly 1995 - 2020
Finland (%) 30.7 Dec 2020 quarterly Mar 1999 - Dec 2020
France (%) 15.0 Mar 2021 quarterly Mar 2006 - Mar 2021
Georgia (%) 20.8 Dec 2020 quarterly Mar 2006 - Dec 2020
Germany (%) 23.7 Mar 2021 quarterly Mar 1991 - Mar 2021
Ghana (%) 9.8 Jun 2020 quarterly Mar 2008 - Jun 2020
Greece (%) 32.3 Dec 2020 quarterly Mar 1999 - Dec 2020
Hong Kong SAR, China (%) 19.7 Dec 2020 quarterly Sep 1979 - Dec 2020
Hungary (%) 24.8 Dec 2020 quarterly Mar 1999 - Dec 2020
Iceland (%) 35.1 Dec 2020 quarterly Mar 2004 - Dec 2020
India (%) 8.1 Mar 2021 quarterly Jun 1997 - Mar 2021
Indonesia (%) 7.3 Mar 2021 quarterly Mar 2014 - Mar 2021
Iran (%) 6.6 2018 yearly 1996 - 2018
Ireland (%) 20.8 Dec 2020 quarterly Mar 2000 - Dec 2020
Israel (%) 16.6 Mar 2021 quarterly Mar 2001 - Mar 2021
Italy (%) 37.0 Dec 2020 quarterly Mar 1999 - Dec 2020
Ivory Coast (%) 12.0 2018 yearly 1960 - 2018
Japan (%) 9.7 Mar 2021 quarterly Jun 1983 - Mar 2021
Jordan (%) 15.3 2018 yearly 1999 - 2018
Kazakhstan (%) 12.2 Dec 2020 quarterly Mar 2008 - Dec 2020
Kenya (%) 7.8 2019 yearly 2006 - 2019
South Korea (%) 14.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Kosovo (%) 22.5 Dec 2020 quarterly Mar 2010 - Dec 2020
Kuwait (%) 1.3 2019 yearly 1986 - 2019
Kyrgyzstan (%) 25.3 Mar 2021 quarterly Mar 2007 - Mar 2021
Laos (%) 10.8 2019 yearly 2012 - 2019
Latvia (%) 20.7 Dec 2020 quarterly Mar 1999 - Dec 2020
Lebanon (%) 15.5 2019 yearly 1998 - 2019
Lithuania (%) 21.7 Dec 2020 quarterly Mar 1999 - Dec 2020
Luxembourg (%) 26.7 2020 yearly 1995 - 2020
Macau SAR, China (%) 29.7 2019 yearly 2002 - 2019
North Macedonia (%) 16.5 Dec 2020 quarterly Mar 2004 - Dec 2020
Malawi (%) 17.3 2019 yearly 2009 - 2019
Malaysia (%) 10.8 Mar 2021 quarterly Mar 1991 - Mar 2021
Malta (%) 25.7 Dec 2020 quarterly Mar 2000 - Dec 2020
Mauritius (%) 20.7 Dec 2020 quarterly Mar 2010 - Dec 2020
Mexico (%) 16.4 Mar 2021 quarterly Mar 1993 - Mar 2021
Moldova (%) 19.0 2019 yearly 2004 - 2019
Mongolia (%) 21.1 Mar 2021 quarterly Mar 2000 - Mar 2021
Montenegro (%) 20.9 Dec 2020 quarterly Mar 2012 - Dec 2020
Morocco (%) 19.3 Jun 2020 quarterly Mar 2007 - Jun 2020
Mozambique (%) 18.4 2016 yearly 1996 - 2016
Myanmar (%) 6.5 2017 yearly 2005 - 2017
Nepal (%) 21.7 2018 yearly 2001 - 2018
Netherlands (%) 26.5 Dec 2020 quarterly Mar 1999 - Dec 2020
New Zealand (%) 29.2 2020 yearly 1999 - 2020
Norway (%) 27.3 Mar 2021 quarterly Mar 2002 - Mar 2021
Oman (%) 4.1 2019 yearly 1996 - 2019
Pakistan (%) 5.9 2020 yearly 2000 - 2020
Palestinian Territory (%) 19.0 2019 yearly 2005 - 2019
Panama (%) 7.5 Dec 2020 quarterly Mar 2007 - Dec 2020
Paraguay (%) 9.7 Dec 2020 quarterly Mar 1998 - Dec 2020
Peru (%) 16.8 Mar 2021 quarterly Mar 1990 - Mar 2021
Philippines (%) 14.4 Mar 2021 quarterly Mar 1985 - Mar 2021
Poland (%) 16.4 Mar 2021 quarterly Mar 2007 - Mar 2021
Portugal (%) 26.2 Dec 2020 quarterly Mar 1999 - Dec 2020
Russia (%) 20.0 Dec 2020 quarterly Mar 1996 - Dec 2020
Serbia (%) 38.9 Mar 2021 quarterly Mar 2005 - Mar 2021
Singapore (%) 16.7 Mar 2021 quarterly Dec 1987 - Mar 2021
Slovakia (%) 13.1 Mar 2021 quarterly Mar 2005 - Mar 2021
Slovenia (%) 20.0 Mar 2021 quarterly Mar 2000 - Mar 2021
South Africa (%) 25.2 Dec 2020 quarterly Mar 1990 - Dec 2020
Spain (%) 22.3 2019 yearly 1995 - 2019
Sri Lanka (%) 7.5 Dec 2020 quarterly Mar 2014 - Dec 2020
Sudan (%) 5.8 2019 yearly 2001 - 2019
Sweden (%) 22.0 2019 yearly 1995 - 2019
Switzerland (%) 26.9 2018 yearly 1990 - 2018
Taiwan (%) 8.7 Mar 2021 quarterly Mar 1975 - Mar 2021
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.4 2020 yearly 1990 - 2020
Tunisia (%) 24.6 2020 yearly 1991 - 2020

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Panama Key Series

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Includes 195 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 (%) -10.1 2020 yearly 2003 - 2020
Consolidated Fiscal Balance (USD mn) -5,350.400 2020 yearly 2003 - 2020
Tax Revenue (USD mn) 423.424 Sep 2021 monthly Jan 1995 - Sep 2021
Tax Revenue: % of GDP (%) 7.5 Dec 2020 quarterly Mar 2007 - Dec 2020
National Government Debt (USD mn) 38,405.1 Mar 2021 monthly Jul 2004 - Mar 2021
Government Debt: % of GDP (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Forecast: Government Expenditure (PAB bn) 19.526 2026 yearly 1994 - 2026
Forecast: Government Net Debt (PAB bn) 46.957 2026 yearly 1994 - 2026
Forecast: Government Revenue (PAB bn) 18.214 2026 yearly 1994 - 2026
Central Government Revenue: Current Revenue: Tax (PAB th) 423,423.891 Sep 2021 monthly Jan 1995 - Sep 2021
Central Government Revenue: Current Revenue (PAB th) 532,292.640 Sep 2021 monthly Jan 1995 - Sep 2021
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 248,511.003 Sep 2021 monthly Jan 1995 - Sep 2021
Central Government Operations: Total Revenue (PAB th) 13,334,761.468 2019 yearly 2000 - 2019
Central Government Operations: Total Expenditure (PAB th) 13,335,911.222 2019 yearly 2000 - 2019
CGO: Expenditure: Current (USD mn) 7,991.800 2020 yearly 1993 - 2020
CGO: Expenditure: Capital (USD mn) 3,521.600 2020 yearly 1993 - 2020
CGO: Overall Balance, Accrual Basis (USD mn) -4,886.300 2020 yearly 1993 - 2020
Public Debt: Domestic (USD mn) 7,601.922 Oct 2021 monthly Jul 2004 - Oct 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 8.803 2026 yearly 1980 - 2026
Trade Balance (USD mn) -707.7 Sep 2021 monthly Jan 1964 - Sep 2021
Total Exports (USD mn) 318.4 Sep 2021 monthly Jan 2000 - Sep 2021
Total Exports Growth (%) 40.8 Sep 2021 monthly Jan 2001 - Sep 2021
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,154,109.705 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 151,842.182 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,026.1 Sep 2021 monthly Jan 2000 - Sep 2021
Total Imports Growth (%) 57.3 Sep 2021 monthly Jan 2001 - Sep 2021
Imports: Medicament (USD th) 608,952.511 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 146,042.475 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 155.619 Jan 2021 monthly Jan 1967 - Jan 2021
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 74.919 Feb 2021 monthly Mar 1989 - Feb 2021
Exports: FOB: Prawn (PAB th) 4,039.771 Sep 2021 monthly Jan 2000 - Sep 2021
Exports: FOB: Banana (PAB th) 13,929.887 Sep 2021 monthly Jan 2000 - Sep 2021
Exports: FOB: Seafood Products (PAB th) 3,961.659 Sep 2021 monthly Jan 2002 - Sep 2021
Exports: FOB (PAB th) 318,361.017 Sep 2021 monthly Jan 2000 - Sep 2021
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 8,314.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: China (PAB th) 59,703.000 2019 yearly 1999 - 2019
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 23,331.000 2019 yearly 1999 - 2019
Exports: FOB: America: NAFTA: USA (PAB th) 98,611.000 2019 yearly 1999 - 2019
Exports: FOB: America: NAFTA: Mexico (PAB th) 16,208.000 2019 yearly 1999 - 2019
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: ASEAN: Thailand (PAB th) 107,590.000 2019 yearly 1999 - 2019
Imports: CIF: America: NAFTA: USA (PAB th) 3,263,993.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 52,583.000 2019 yearly 1999 - 2019
Imports: CIF: Asia: Rest of Asia: China (PAB th) 1,290,075.000 2019 yearly 1999 - 2019
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 197,511.000 2019 yearly 1999 - 2019
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 24.2 Mar 2021 quarterly Mar 2013 - Mar 2021
Current Account Balance (USD mn) -225.2 Mar 2021 quarterly Mar 1998 - Mar 2021
Current Account Balance: % of GDP (%) -1.5 Mar 2021 quarterly Mar 2007 - Mar 2021
Foreign Direct Investment (USD mn) 453.6 Mar 2021 quarterly Mar 1998 - Mar 2021
Foreign Direct Investment: % of GDP (%) 3.1 Mar 2021 quarterly Mar 2007 - Mar 2021
Foreign Portfolio Investment (USD mn) 2,062.046 Mar 2021 quarterly Mar 2013 - Mar 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2020 quarterly Mar 2007 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2020 quarterly Mar 2013 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -37.105 Dec 2020 quarterly Mar 2013 - Dec 2020
External Debt (USD mn) 31,734.8 May 2021 monthly Jul 2004 - May 2021
External Debt: % of GDP (%) 201.9 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 36,260.8 Sep 2020 quarterly Sep 2014 - Sep 2020
External Debt: Short Term: % of GDP (%) 67.4 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.242 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -64,252.281 Dec 2020 quarterly Mar 2002 - Dec 2020
BoP: Net Errors and Omissions (PAB mn) -1,261.826 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Goods (PAB mn) -861.109 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Goods: Credit (PAB mn) 3,393.731 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Income (PAB mn) -1,029.220 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,062.046 Mar 2021 quarterly Mar 2013 - Mar 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -225.238 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Services: Credit (PAB mn) 2,488.392 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Capital Account (PAB mn) 1.076 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: FA: Direct Investment (PAB mn) 429.342 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Goods: Debit (PAB mn) -4,254.840 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Income: Credit (PAB mn) 346.440 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Financing: Reserve Assets (PAB mn) 789.094 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Services (PAB mn) 1,597.067 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Income: Debit (PAB mn) -1,375.659 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Financial Account (FA) (PAB mn) 893.916 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: CA: Services: Debit (PAB mn) -891.324 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: Capital Account: Credit (PAB mn) 1.076 Mar 2021 quarterly Mar 2013 - Mar 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,250.161 Mar 2021 quarterly Mar 2013 - Mar 2021
IIP: Assets (USD mn) 77,372.507 Mar 2021 quarterly Mar 2015 - Mar 2021
International Investment Position (IIP) (USD mn) -66,146.657 Mar 2021 quarterly Mar 2015 - Mar 2021
IIP: Liabilities (USD mn) 143,519.164 Mar 2021 quarterly Mar 2015 - Mar 2021
Foreign Direct Investment (FDI) (PAB mn) 453.585 Mar 2021 quarterly Mar 2013 - Mar 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Mar 2021 monthly Dec 2008 - Mar 2021
Household Debt: % of GDP (%) 52.3 Dec 2020 quarterly Dec 2007 - Dec 2020
Non-Performing Loans (USD mn) 1,242.084 Mar 2021 monthly Dec 2008 - Mar 2021
Money Supply M1 (USD mn) 9,249.044 Aug 2021 monthly Dec 2002 - Aug 2021
Money Supply M2 (USD mn) 37,151.253 Aug 2021 monthly Dec 2002 - Aug 2021
M2 Growth (%) -15.3 Aug 2021 monthly Dec 2003 - Aug 2021
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 15.921 Jun 2021 quarterly Dec 2007 - Jun 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 96,710.948 Sep 2021 monthly Dec 1998 - Sep 2021
Total Deposits Growth (%) 9.3 Mar 2021 monthly Dec 1999 - Mar 2021
Domestic Credit (USD mn) 54,726.7 Sep 2021 monthly Dec 2001 - Sep 2021
Domestic Credit Growth (%) 1.1 Sep 2021 monthly Dec 2002 - Sep 2021
Household Debt (USD mn) 28,427.6 Sep 2021 monthly Oct 2005 - Sep 2021
Total Loans (USD mn) 73,712.538 Mar 2021 monthly Dec 1998 - Mar 2021
Total Loans Growth (%) -4.37 Apr 2021 monthly Dec 1999 - Apr 2021
Private Debt: % of Nominal GDP (%) 97.01 Dec 2020 quarterly Dec 2007 - Dec 2020
Money Supply: M3 (PAB mn) 37,151.253 Aug 2021 monthly Dec 2002 - Aug 2021
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,679.522 Sep 2021 monthly Dec 2002 - Sep 2021

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