Panama Tax Revenue: % of GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Panama Tax revenue: % of GDP

  • Panama Tax revenue: % of GDP was reported at 6.4 % in Dec 2025.
  • This records a decrease from the previous number of 6.6 % for Sep 2025.
  • Panama Tax revenue: % of GDP data is updated quarterly, averaging 9.9 % from Mar 2007 to Dec 2025, with 76 observations.
  • The data reached an all-time high of 12.8 % in Mar 2012 and a record low of 5.6 % in Sep 2024.
  • 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 Dec 2025 in the chart:

Panama Tax Revenue: % of GDP

What was Panama's Tax Revenue: % of GDP in Dec 2025?

Panama Tax revenue: % of GDP was reported at 6.4 % in Dec 2025. See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.4 Dec 2025 6.6 Sep 2025 5.6 Sep 2024 12.8 Mar 2012 % quarterly Mar 2007 - Dec 2025

Tax Revenue: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 20.3 2025 yearly 1997 - 2025
Algeria (%) 4.5 2024 yearly 1997 - 2024
Argentina (%) 14.5 Dec 2025 quarterly Mar 2004 - Dec 2025
Armenia (%) 19.2 Dec 2024 quarterly Mar 2008 - Dec 2024
Australia (%) 30.5 Dec 2025 quarterly Sep 2002 - Dec 2025
Austria (%) 31.5 Dec 2025 quarterly Mar 2001 - Dec 2025
Azerbaijan (%) 17.3 2025 yearly 1993 - 2025
Bahrain (%) 5.3 2024 yearly 1990 - 2024
Bangladesh (%) 7.1 2025 yearly 2006 - 2025
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 28.8 2025 yearly 1980 - 2025
Bolivia (%) 17.8 2024 yearly 1990 - 2024
Bosnia and Herzegovina (%) 22.3 2024 yearly 2005 - 2024
Botswana (%) 23.2 Dec 2025 quarterly Jun 2007 - Dec 2025
Brazil (%) 18.4 Mar 2026 quarterly Sep 1994 - Mar 2026
Brunei (%) 1.8 2024 yearly 2007 - 2024
Bulgaria (%) 29.5 Dec 2025 quarterly Mar 2003 - Dec 2025
Cambodia (%) 11.5 2024 yearly 2009 - 2024
Canada (%) 12.9 Dec 2025 quarterly Mar 1996 - Dec 2025
Chile (%) 19.7 2024 yearly 1990 - 2024
China (%) 3.6 Mar 2026 quarterly Mar 1995 - Mar 2026
Colombia (%) 13.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Croatia (%) 25.6 Sep 2025 quarterly Mar 1999 - Sep 2025
Cyprus (%) 27.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Czech Republic (%) 19.1 Dec 2025 quarterly Mar 1995 - Dec 2025
Denmark (%) 42.8 Dec 2025 quarterly Mar 1999 - Dec 2025
Ecuador (%) 12.1 Dec 2025 quarterly Mar 2000 - Dec 2025
Egypt (%) 6.0 2025 yearly 2005 - 2025
Estonia (%) 25.4 Dec 2025 quarterly Mar 1999 - Dec 2025
European Union (%) 26.1 2025 yearly 1995 - 2025
Finland (%) 31.7 Dec 2025 quarterly Mar 1999 - Dec 2025
France (%) 18.3 Dec 2025 quarterly Mar 2006 - Dec 2025
Georgia (%) 23.3 Dec 2025 quarterly Mar 2006 - Dec 2025
Germany (%) 23.5 Dec 2025 quarterly Mar 1991 - Dec 2025
Ghana (%) 15.1 Jun 2025 quarterly Mar 2008 - Jun 2025
Greece (%) 30.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Hong Kong SAR, China (%) 25.4 Dec 2025 quarterly Sep 1979 - Dec 2025
Hungary (%) 23.7 Dec 2025 quarterly Mar 1999 - Dec 2025
Iceland (%) 35.5 Dec 2025 quarterly Mar 2002 - Dec 2025
India (%) 7.8 Dec 2025 quarterly Jun 1997 - Dec 2025
Indonesia (%) 7.5 Mar 2026 quarterly Mar 2014 - Mar 2026
Iran (%) 4.9 2023 yearly 1996 - 2023
Ireland (%) 24.1 Dec 2025 quarterly Mar 2000 - Dec 2025
Israel (%) 23.4 Dec 2025 quarterly Mar 2001 - Dec 2025
Italy (%) 37.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Ivory Coast (%) 12.9 2024 yearly 1960 - 2024
Japan (%) 13.0 Dec 2025 quarterly Jun 1983 - Dec 2025
Jordan (%) 16.0 2025 yearly 1999 - 2025
Kazakhstan (%) 15.8 Sep 2025 quarterly Mar 2008 - Sep 2025
Kenya (%) 6.6 2024 yearly 2006 - 2024
South Korea (%) 11.9 Dec 2025 quarterly Mar 2000 - Dec 2025
Kosovo (%) 24.8 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.2 2024 yearly 1986 - 2024
Kyrgyzstan (%) 30.2 Mar 2026 quarterly Mar 2007 - Mar 2026
Laos (%) 15.0 2024 yearly 2012 - 2024
Latvia (%) 21.8 Dec 2025 quarterly Mar 1999 - Dec 2025
Lebanon (%) 9.3 2024 yearly 1998 - 2024
Lithuania (%) 23.2 Dec 2025 quarterly Mar 1999 - Dec 2025
Luxembourg (%) 29.5 2025 yearly 1995 - 2025
Macau SAR, China (%) 27.4 2024 yearly 2002 - 2024
North Macedonia (%) 17.9 Dec 2025 quarterly Mar 2004 - Dec 2025
Malawi (%) 13.5 2022 yearly 2009 - 2022
Malaysia (%) 12.1 Dec 2025 quarterly Mar 1991 - Dec 2025
Malta (%) 27.8 Dec 2025 quarterly Mar 1999 - Dec 2025
Mauritius (%) 27.6 Jun 2025 quarterly Mar 2010 - Jun 2025
Mexico (%) 13.7 Dec 2025 quarterly Mar 1993 - Dec 2025
Moldova (%) 21.3 2024 yearly 2004 - 2024
Mongolia (%) 21.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Montenegro (%) 26.9 Dec 2025 quarterly Mar 2012 - Dec 2025
Morocco (%) 21.0 Sep 2024 quarterly Mar 2007 - Sep 2024
Mozambique (%) 18.2 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 25.6 Dec 2025 quarterly Mar 1999 - Dec 2025
New Zealand (%) 30.5 2025 yearly 1999 - 2025
Norway (%) 29.5 Dec 2025 quarterly Mar 2002 - Dec 2025
Oman (%) 4.5 2024 yearly 1996 - 2024
Pakistan (%) 10.3 2024 yearly 2001 - 2024
Palestinian Territory (%) 23.4 2024 yearly 2005 - 2024
Panama (%) 6.4 Dec 2025 quarterly Mar 2007 - Dec 2025
Paraguay (%) 10.2 Dec 2025 quarterly Mar 1998 - Dec 2025
Peru (%) 13.9 Dec 2025 quarterly Mar 1990 - Dec 2025
Philippines (%) 14.0 Mar 2026 quarterly Mar 1985 - Mar 2026
Poland (%) 15.1 Dec 2025 quarterly Mar 2007 - Dec 2025
Portugal (%) 24.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Russia (%) 21.4 Dec 2025 quarterly Mar 1996 - Dec 2025
Serbia (%) 35.9 Dec 2025 quarterly Mar 2005 - Dec 2025
Singapore (%) 10.9 Dec 2025 quarterly Dec 1987 - Dec 2025
Slovakia (%) 15.9 Dec 2025 quarterly Mar 2005 - Dec 2025
Slovenia (%) 20.9 Dec 2025 quarterly Mar 2000 - Dec 2025
South Africa (%) 24.3 Dec 2025 quarterly Mar 1990 - Dec 2025
Spain (%) 22.9 2024 yearly 1995 - 2024
Sri Lanka (%) 17.1 Dec 2025 quarterly Mar 2014 - Dec 2025
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.3 2025 yearly 1995 - 2025
Switzerland (%) 20.4 2024 yearly 1990 - 2024
Taiwan, China (%) 8.3 Mar 2026 quarterly Mar 1975 - Mar 2026
Tajikistan (%) 19.0 2024 yearly 2000 - 2024
Thailand (%) 13.1 2024 yearly 1990 - 2024
Tunisia (%) 26.7 2025 yearly 1991 - 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.7 2025 yearly 2003 - 2025
Consolidated Fiscal Balance (USD mn) -3,320.820 2025 yearly 2003 - 2025
Tax Revenue (USD mn) 420.760 Feb 2026 monthly Jan 1995 - Feb 2026
Tax Revenue: % of GDP (%) 6.4 Dec 2025 quarterly Mar 2007 - Dec 2025
National Government Debt (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Government Debt: % of GDP (%) 65.6 Dec 2025 quarterly Dec 2007 - Dec 2025
Forecast: Government Expenditure (PAB bn) 27.414 2031 yearly 1994 - 2031
Forecast: Government Net Debt (PAB bn) 70.782 2031 yearly 1994 - 2031
Forecast: Government Revenue (PAB bn) 25.515 2031 yearly 1994 - 2031
Central Government Revenue: Current Revenue (PAB th) 525,756.409 Feb 2026 monthly Jan 1995 - Feb 2026
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 207,575.084 Feb 2026 monthly Jan 1995 - Feb 2026
Central Government Revenue: Current Revenue: Tax (PAB th) 420,759.706 Feb 2026 monthly Jan 1995 - Feb 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -952.4 Feb 2026 monthly Jan 1964 - Feb 2026
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) -14.6 Feb 2026 monthly Jan 2001 - Feb 2026
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,018.8 Feb 2026 monthly Jan 2000 - Feb 2026
Total Imports Growth (%) -10.9 Feb 2026 monthly Jan 2001 - Feb 2026
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 18.946 Dec 2025 monthly Jan 1970 - Dec 2025
Total Imports from USA (USD mn) 159.945 Dec 2025 monthly Jan 1967 - Dec 2025
Total Exports to China (USD mn) 1,311.685 2023 yearly 1999 - 2023
Total Imports from China (USD mn) 124.901 Dec 2025 monthly Mar 1989 - Dec 2025
Exports: FOB: America: NAFTA: USA (PAB th) 145,828.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 233,057.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,311,685.000 2023 yearly 1999 - 2023
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 66,371.000 2023 yearly 1999 - 2023
Exports: FOB: America: NAFTA: Mexico (PAB th) 46,106.000 2023 yearly 1999 - 2023
Exports: FOB: Prawn (PAB th) 6,920.533 Feb 2026 monthly Jan 2000 - Feb 2026
Exports: FOB: Banana (PAB th) 2,954.330 Feb 2026 monthly Jan 2000 - Feb 2026
Exports: FOB: Seafood Products (PAB th) 5,811.298 Feb 2026 monthly Jan 2002 - Feb 2026
Exports: FOB (PAB th) 66,412.864 Feb 2026 monthly Jan 2000 - Feb 2026
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 108,126.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: China (PAB th) 1,755,621.000 2023 yearly 1999 - 2023
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 299,244.000 2023 yearly 1999 - 2023
Imports: CIF: America: NAFTA: USA (PAB th) 2,729,967.000 2023 yearly 1999 - 2023
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 47,260.000 2023 yearly 1999 - 2023
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
Import Value Index (2015=100) 152.300 2023 yearly 1981 - 2023
Export Value Index (2015=100) 147.500 2023 yearly 1981 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 212.3 Dec 2025 quarterly Mar 2013 - Dec 2025
Current Account Balance (USD mn) 93.7 Dec 2025 quarterly Mar 1998 - Dec 2025
Current Account Balance: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Direct Investment (USD mn) 803.8 Dec 2025 quarterly Mar 1998 - Dec 2025
Foreign Direct Investment: % of GDP (%) 3.1 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Portfolio Investment (USD mn) -11.668 Dec 2025 quarterly Mar 2013 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -0.0 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2025 quarterly Mar 2013 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -11.668 Dec 2025 quarterly Mar 2013 - Dec 2025
External Debt (USD mn) 48,680.8 Dec 2025 monthly Jul 2004 - Dec 2025
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) -3.282 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -77,745.917 Dec 2025 quarterly Mar 2002 - Dec 2025
BoP: Net Errors and Omissions (PAB mn) -2,721.267 Dec 2025 quarterly Mar 2013 - Dec 2025
Balance of Payment (BoP): Current Account (CA) (PAB mn) 93.682 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Goods: Debit (PAB mn) -7,282.947 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Goods (PAB mn) -3,313.938 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Goods: Credit (PAB mn) 3,969.010 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Services (PAB mn) 4,152.366 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Services: Debit (PAB mn) -1,476.172 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Services: Credit (PAB mn) 5,628.539 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Income (PAB mn) -646.384 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Capital Account (PAB mn) 1.007 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Financing: Reserve Assets (PAB mn) 248.795 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Income: Debit (PAB mn) -1,757.686 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: FA: Direct Investment (PAB mn) 591.506 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: CA: Income: Credit (PAB mn) 1,111.303 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Capital Account: Credit (PAB mn) 1.007 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: FA: Portfolio Investment: Assets (PAB mn) 13.787 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -11.668 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2025 quarterly Mar 2013 - Dec 2025
BoP: Financial Account (FA) (PAB mn) 2,121.850 Dec 2025 quarterly Mar 2013 - Dec 2025
International Investment Position (IIP) (USD mn) -77,745.917 Dec 2025 quarterly Mar 2015 - Dec 2025
IIP: Assets (USD mn) 117,758.868 Dec 2025 quarterly Mar 2015 - Dec 2025
IIP: Liabilities (USD mn) 195,504.785 Dec 2025 quarterly Mar 2015 - Dec 2025
Foreign Direct Investment (FDI) (PAB mn) 803.813 Dec 2025 quarterly Mar 2013 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Feb 2026 monthly Dec 2008 - Feb 2026
Household Debt: % of GDP (%) 37.8 Dec 2025 quarterly Dec 2007 - Dec 2025
Non-Performing Loans (USD mn) 1,648.210 Feb 2026 monthly Dec 2008 - Feb 2026
Money Supply M1 (USD mn) 9,755.360 Feb 2026 monthly Dec 2002 - Feb 2026
Money Supply M2 (USD mn) 46,841.810 Feb 2026 monthly Dec 2002 - Feb 2026
M2 Growth (%) 6.7 Feb 2026 monthly Dec 2003 - Feb 2026
Foreign Exchange Reserves (USD mn) 4,030.5 Mar 2026 monthly Oct 1969 - Mar 2026
Foreign Exchange Reserves: % of GDP (%) 6.239 Dec 2025 quarterly Dec 2007 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 4.7 Feb 2026 monthly Jan 2000 - Feb 2026
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 118,521.639 Mar 2026 monthly Dec 1998 - Mar 2026
Total Deposits Growth (%) 6.6 Mar 2026 monthly Dec 1999 - Mar 2026
Domestic Credit (USD mn) 64,257.9 Mar 2026 monthly Dec 2001 - Mar 2026
Domestic Credit Growth (%) -0.1 Mar 2026 monthly Dec 2002 - Mar 2026
Household Debt (USD mn) 34,223.1 Feb 2026 monthly Oct 2005 - Feb 2026
Total Loans (USD mn) 103,530.063 Mar 2026 monthly Dec 1998 - Mar 2026
Total Loans Growth (%) 3.68 Mar 2026 monthly Dec 1999 - Mar 2026
Private Debt: % of Nominal GDP (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Money Supply: M3 (PAB mn) 46,841.810 Feb 2026 monthly Dec 2002 - Feb 2026
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,538.593 Mar 2026 monthly Dec 2002 - Mar 2026

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