Panama Tax Revenue: % of GDP

2007 - 2020 | Quarterly | % | CEIC Data

Panama Tax revenue: % of GDP was reported at 8.5 % in Sep 2020. This records an increase from the previous number of 6.3 % for Jun 2020. Panama Tax revenue: % of GDP data is updated quarterly, averaging 9.7 % from Mar 2007 to Sep 2020, with 55 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 Sep 2020 in the chart:

Panama Tax Revenue: % of GDP

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

Last Previous Min Max Unit Frequency Range
8.5 Sep 2020 6.3 Jun 2020 6.3 Jun 2020 12.8 Mar 2012 % quarterly Mar 2007 - Sep 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 (%) 19.5 2019 yearly 2008 - 2019
Algeria (%) 6.5 2017 yearly 1997 - 2017
Argentina (%) 18.0 Sep 2020 quarterly Mar 2004 - Sep 2020
Armenia (%) 18.8 Sep 2020 quarterly Mar 2008 - Sep 2020
Australia (%) 26.2 Sep 2020 quarterly Sep 2002 - Sep 2020
Austria (%) 25.4 Sep 2020 quarterly Mar 2001 - Sep 2020
Azerbaijan (%) 14.4 2019 yearly 1993 - 2019
Bahrain (%) 2.1 2017 yearly 1990 - 2017
Bangladesh (%) 9.1 2019 yearly 2006 - 2019
Belarus (%) 21.7 Sep 2020 quarterly Mar 2009 - Sep 2020
Belgium (%) 29.8 2019 yearly 1980 - 2019
Bolivia (%) 18.3 2018 yearly 1990 - 2018
Bosnia and Herzegovina (%) 22.7 2019 yearly 2005 - 2019
Botswana (%) 21.7 Sep 2020 quarterly Jun 2007 - Sep 2020
Brazil (%) 15.9 Dec 2020 quarterly Sep 1994 - Dec 2020
Brunei (%) 1.9 2019 yearly 2010 - 2019
Bulgaria (%) 28.2 Sep 2020 quarterly Mar 2003 - Sep 2020
Cambodia (%) 19.4 2019 yearly 2013 - 2019
Canada (%) 12.3 Sep 2020 quarterly Mar 1996 - Sep 2020
Chile (%) 19.1 2019 yearly 1990 - 2019
China (%) 12.0 Dec 2020 quarterly Mar 1995 - Dec 2020
Colombia (%) 13.6 Sep 2020 quarterly Mar 2000 - Sep 2020
Croatia (%) 26.6 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 25.0 Sep 2020 quarterly Mar 1995 - Sep 2020
Czech Republic (%) 20.5 Sep 2020 quarterly Mar 1995 - Sep 2020
Denmark (%) 44.6 Sep 2020 quarterly Mar 1999 - Sep 2020
Ecuador (%) 12.7 Sep 2020 quarterly Mar 2000 - Sep 2020
Egypt (%) 5.4 2019 yearly 2005 - 2019
Estonia (%) 22.6 Sep 2020 quarterly Mar 2000 - Sep 2020
European Union (%) 26.5 2019 yearly 1995 - 2019
Finland (%) 27.2 Sep 2020 quarterly Mar 1999 - Sep 2020
France (%) 18.6 Dec 2020 quarterly Mar 2006 - Dec 2020
Georgia (%) 19.8 Sep 2020 quarterly Mar 2006 - Sep 2020
Germany (%) 21.4 Sep 2020 quarterly Mar 1991 - Sep 2020
Ghana (%) 10.4 Jun 2020 quarterly Mar 2008 - Jun 2020
Greece (%) 22.3 Sep 2020 quarterly Mar 1999 - Sep 2020
Hong Kong SAR, China (%) 7.4 Sep 2020 quarterly Sep 1979 - Sep 2020
Hungary (%) 25.4 Sep 2020 quarterly Mar 1999 - Sep 2020
Iceland (%) 31.9 Sep 2020 quarterly Mar 2004 - Sep 2020
India (%) 6.9 Sep 2020 quarterly Jun 1997 - Sep 2020
Indonesia (%) 9.9 Dec 2020 quarterly Mar 2014 - Dec 2020
Iran (%) 7.6 2017 yearly 1996 - 2017
Ireland (%) 14.2 Sep 2020 quarterly Mar 2000 - Sep 2020
Israel (%) 23.6 Sep 2020 quarterly Mar 2001 - Sep 2020
Italy (%) 26.0 Sep 2020 quarterly Mar 1999 - Sep 2020
Ivory Coast (%) 12.0 2018 yearly 1960 - 2018
Japan (%) 10.6 Sep 2020 quarterly Jun 1983 - Sep 2020
Jordan (%) 15.3 2018 yearly 1999 - 2018
Kazakhstan (%) 12.1 Sep 2020 quarterly Mar 2008 - Sep 2020
Kenya (%) 7.8 2019 yearly 2006 - 2019
South Korea (%) 16.7 Sep 2020 quarterly Mar 2000 - Sep 2020
Kosovo (%) 21.6 Sep 2020 quarterly Mar 2010 - Sep 2020
Kuwait (%) 1.4 2017 yearly 1986 - 2017
Kyrgyzstan (%) 17.0 Dec 2020 quarterly Mar 2007 - Dec 2020
Laos (%) 10.8 2019 yearly 2012 - 2019
Latvia (%) 22.2 Sep 2020 quarterly Mar 1999 - Sep 2020
Lebanon (%) 15.5 2019 yearly 1998 - 2019
Lithuania (%) 18.7 Sep 2020 quarterly Mar 1999 - Sep 2020
Luxembourg (%) 27.9 2019 yearly 1995 - 2019
Macau SAR, China (%) 29.7 2019 yearly 2002 - 2019
North Macedonia (%) 16.0 Sep 2020 quarterly Mar 2004 - Sep 2020
Malawi (%) 17.3 2019 yearly 2009 - 2019
Malaysia (%) 8.3 Sep 2020 quarterly Mar 1991 - Sep 2020
Malta (%) 22.8 Sep 2020 quarterly Mar 2000 - Sep 2020
Mauritius (%) 25.2 Jun 2020 quarterly Mar 2010 - Jun 2020
Mexico (%) 13.1 Sep 2020 quarterly Mar 1993 - Sep 2020
Moldova (%) 19.0 2019 yearly 2004 - 2019
Mongolia (%) 19.8 Sep 2020 quarterly Mar 2000 - Sep 2020
Montenegro (%) 19.9 Sep 2020 quarterly Mar 2012 - Sep 2020
Morocco (%) 21.1 Dec 2017 quarterly Mar 2007 - Dec 2017
Mozambique (%) 18.4 2016 yearly 1996 - 2016
Myanmar (%) 6.5 2017 yearly 2005 - 2017
Nepal (%) 21.7 2018 yearly 2001 - 2018
Netherlands (%) 23.2 Sep 2020 quarterly Mar 1999 - Sep 2020
New Zealand (%) 29.9 2019 yearly 1999 - 2019
Norway (%) 27.8 Sep 2020 quarterly Mar 2002 - Sep 2020
Oman (%) 4.1 2019 yearly 1996 - 2019
Pakistan (%) 5.9 2020 yearly 2000 - 2020
Palestinian Territory (%) 19.0 2019 yearly 2005 - 2019
Panama (%) 8.5 Sep 2020 quarterly Mar 2007 - Sep 2020
Paraguay (%) 11.2 Sep 2020 quarterly Mar 1998 - Sep 2020
Peru (%) 11.6 Sep 2020 quarterly Mar 1990 - Sep 2020
Philippines (%) 15.1 Sep 2020 quarterly Mar 1985 - Sep 2020
Poland (%) 17.9 Sep 2020 quarterly Mar 2007 - Sep 2020
Portugal (%) 27.2 Sep 2020 quarterly Mar 1999 - Sep 2020
Russia (%) 17.5 Sep 2020 quarterly Mar 1996 - Sep 2020
Serbia (%) 36.9 Sep 2020 quarterly Mar 2005 - Sep 2020
Singapore (%) 13.7 Sep 2020 quarterly Dec 1987 - Sep 2020
Slovakia (%) 13.2 Sep 2020 quarterly Mar 2005 - Sep 2020
Slovenia (%) 19.6 Sep 2020 quarterly Mar 2000 - Sep 2020
South Africa (%) 21.7 Sep 2020 quarterly Mar 1990 - Sep 2020
Spain (%) 22.3 2019 yearly 1995 - 2019
Sri Lanka (%) 8.2 Sep 2020 quarterly Mar 2014 - Sep 2020
Sudan (%) 5.8 2019 yearly 2001 - 2019
Sweden (%) 22.1 2019 yearly 1995 - 2019
Switzerland (%) 26.9 2018 yearly 1990 - 2018
Taiwan (%) 10.0 Dec 2020 quarterly Mar 1975 - Dec 2020
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.9 2018 yearly 1990 - 2018
Tunisia (%) 25.1 2019 yearly 1991 - 2019

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Panama Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.1 2019 yearly 2003 - 2019
Consolidated Fiscal Balance (USD mn) -2,100.700 2019 yearly 2003 - 2019
Tax Revenue (USD mn) 610.618 Dec 2020 monthly Jan 1995 - Dec 2020
Tax Revenue: % of GDP (%) 8.5 Sep 2020 quarterly Mar 2007 - Sep 2020
National Government Debt (USD mn) 36,959.9 Dec 2020 monthly Jul 2004 - Dec 2020
Government Debt: % of GDP (%) 65.1 Sep 2020 quarterly Dec 2007 - Sep 2020
Forecast: Government Expenditure (PAB bn) 18.113 2025 yearly 1994 - 2025
Forecast: Government Net Debt (PAB bn) 45.294 2025 yearly 1994 - 2025
Forecast: Government Revenue (PAB bn) 16.898 2025 yearly 1994 - 2025
Central Government Revenue: Current Revenue (PAB th) 2,134,607.561 Dec 2020 monthly Jan 1995 - Dec 2020
Central Government Revenue: Current Revenue: Tax (PAB th) 610,617.730 Dec 2020 monthly Jan 1995 - Dec 2020
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 362,156.249 Dec 2020 monthly Jan 1995 - Dec 2020
Central Government Operations: Total Revenue (PAB th) 12,335,110.903 2018 yearly 2000 - 2018
Central Government Operations: Total Expenditure (PAB th) 13,335,911.222 2019 yearly 2000 - 2019
CGO: Expenditure: Current (USD mn) 7,406.300 2019 yearly 1993 - 2019
CGO: Expenditure: Capital (USD mn) 3,521.800 2019 yearly 1993 - 2019
CGO: Overall Balance, Accrual Basis (USD mn) -2,504.800 2019 yearly 1993 - 2019
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 9.344 2025 yearly 1980 - 2025
Trade Balance (USD mn) -670.5 Dec 2020 monthly Jan 1964 - Dec 2020
Total Exports (USD mn) 172.9 Dec 2020 monthly Jan 2000 - Dec 2020
Total Exports Growth (%) 4.6 Dec 2020 monthly Jan 2001 - Dec 2020
Aluminum: Exports (USD th) 7,433.156 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 828,726.833 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 52,026.873 2019 yearly 1995 - 2019
Total Imports (USD mn) 843.4 Dec 2020 monthly Jan 2000 - Dec 2020
Total Imports Growth (%) -16.6 Dec 2020 monthly Jan 2001 - Dec 2020
Imports: Medicament (USD th) 945,925.460 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 179,739.197 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 156.061 Aug 2020 monthly Jan 1967 - Aug 2020
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 54.206 Oct 2020 monthly Mar 1989 - Oct 2020
Exports: FOB (PAB th) 172,851.421 Dec 2020 monthly Jan 2000 - Dec 2020
Exports: FOB: Seafood Products (PAB th) 5,456.555 Dec 2020 monthly Jan 2002 - Dec 2020
Exports: FOB: Banana (PAB th) 14,064.987 Oct 2020 monthly Jan 2000 - Oct 2020
Exports: FOB: Prawn (PAB th) 1,069.631 Oct 2020 monthly Jan 2000 - Oct 2020
Exports: FOB: America: NAFTA: USA (PAB th) 112,882.000 2018 yearly 1999 - 2018
Exports: FOB: America: NAFTA: Mexico (PAB th) 8,293.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 49,411.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: China (PAB th) 30,644.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 7,417.000 2018 yearly 1999 - 2018
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) 120,467.000 2018 yearly 1999 - 2018
Imports: CIF: Asia: Rest of Asia: China (PAB th) 57,989.000 2018 yearly 1999 - 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 195,501.000 2018 yearly 1999 - 2018
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 243,990.000 2018 yearly 1999 - 2018
Imports: CIF: America: NAFTA: USA (PAB th) 3,281,120.000 2018 yearly 1999 - 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 334.3 Sep 2020 quarterly Mar 2013 - Sep 2020
Current Account Balance (USD mn) 17.8 Sep 2020 quarterly Mar 1998 - Sep 2020
Current Account Balance: % of GDP (%) 0.1 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Direct Investment (USD mn) 461.8 Sep 2020 quarterly Mar 1998 - Sep 2020
Foreign Direct Investment: % of GDP (%) 3.8 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2020 quarterly Mar 2013 - Jun 2020
Foreign Portfolio Investment: % of GDP (%) 26.3 Jun 2020 quarterly Mar 2007 - Jun 2020
Foreign Portfolio Investment (USD mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 2,473.719 Jun 2020 quarterly Mar 2013 - Jun 2020
External Debt (USD mn) 29,817.4 Dec 2020 monthly Jul 2004 - Dec 2020
External Debt: % of GDP (%) 156.8 2019 yearly 2014 - 2019
External Debt: Short Term (USD mn) 38,673.4 Jun 2020 quarterly Sep 2014 - Jun 2020
External Debt: Short Term: % of GDP (%) 55.1 2019 yearly 1970 - 2019
Forecast: Current Account Balance (USD bn) -2.540 2025 yearly 1980 - 2025
Net International Investment Position (USD mn) -67,708.231 Jun 2020 quarterly Mar 2002 - Jun 2020
BoP: Capital Account (PAB mn) 2.510 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Financial Account (FA) (PAB mn) 2,991.995 Sep 2020 quarterly Mar 2013 - Sep 2020
Balance of Payment (BoP): Current Account (CA) (PAB mn) 17.824 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Direct Investment (PAB mn) 127.490 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Portfolio Investment: Assets (PAB mn) 443.412 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods: Credit (PAB mn) 2,818.869 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income: Credit (PAB mn) 366.092 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services (PAB mn) 1,300.330 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services: Credit (PAB mn) 1,858.600 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services: Debit (PAB mn) -558.270 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods: Debit (PAB mn) -3,500.405 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Financing: Reserve Assets (PAB mn) -4,139.419 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income (PAB mn) -632.289 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods (PAB mn) -681.536 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income: Debit (PAB mn) -998.381 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account: Credit (PAB mn) 2.510 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2020 quarterly Mar 2013 - Sep 2020
International Investment Position (IIP) (USD mn) -63,872.394 Sep 2020 quarterly Mar 2015 - Sep 2020
IIP: Liabilities (USD mn) 141,903.927 Sep 2020 quarterly Mar 2015 - Sep 2020
IIP: Assets (USD mn) 78,031.533 Sep 2020 quarterly Mar 2015 - Sep 2020
Foreign Direct Investment (FDI) (PAB mn) 461.767 Sep 2020 quarterly Mar 2013 - Sep 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2020 monthly Dec 2008 - Nov 2020
Household Debt: % of GDP (%) 49.6 Sep 2020 quarterly Dec 2007 - Sep 2020
Non-Performing Loans (USD mn) 1,194.080 Nov 2020 monthly Dec 2008 - Nov 2020
Money Supply M1 (USD mn) 9,111.172 Dec 2020 monthly Dec 2002 - Dec 2020
Money Supply M2 (USD mn) 45,626.708 Dec 2020 monthly Dec 2002 - Dec 2020
M2 Growth (%) 8.0 Dec 2020 monthly Dec 2003 - Dec 2020
Foreign Exchange Reserves (USD mn) 8,376.6 Nov 2020 monthly Oct 1969 - Nov 2020
Foreign Exchange Reserves: % of GDP (%) 17.261 Sep 2020 quarterly Dec 2007 - Sep 2020
Foreign Exchange Reserves: Months of Import (NA) 11.8 Nov 2020 monthly Jan 2000 - Nov 2020
Gold Reserves (USD mn) 0.000 Nov 2020 monthly Sep 1969 - Nov 2020
Total Deposits Growth (%) 9.3 Nov 2020 monthly Dec 1999 - Nov 2020
Total Deposits (USD mn) 95,356.741 Nov 2020 monthly Dec 1998 - Nov 2020
Domestic Credit (USD mn) 54,698.5 Nov 2020 monthly Dec 2001 - Nov 2020
Domestic Credit Growth (%) -1.8 Nov 2020 monthly Dec 2002 - Nov 2020
Household Debt (USD mn) 27,643.5 Nov 2020 monthly Oct 2005 - Nov 2020
Total Loans (USD mn) 73,399.346 Oct 2020 monthly Dec 1998 - Oct 2020
Total Loans Growth (%) -5.63 Oct 2020 monthly Dec 1999 - Oct 2020
Private Debt: % of Nominal GDP (%) 93.85 Sep 2020 quarterly Dec 2007 - Sep 2020
Money Supply: M3 (PAB mn) 45,626.708 Dec 2020 monthly Dec 2002 - Dec 2020
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,064.376 Nov 2020 monthly Dec 2002 - Nov 2020

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