Taxes as a % of price: total tax in Panama
Panama: Taxes as a % of price: total tax was 56.5% in 2022. ▲ Rising
Latest (2022)
56.5%
Change on year
unchanged
World rank
92nd
of 189 countries
All-time high
59.2%
in 2010
All-time low
36.6%
in 2008
Years of data
8
2008–2022
Taxes as a % of price: total tax in Panama, 2008–2022
Source: World Health Organization, Global Health Observatory.
Analysis
Panama recorded 56.5% for taxes as a % of price: total tax in 2022.
The figure is unchanged over ten years.
Over the whole period, taxes as a % of price: total tax in Panama peaked at 59.2% in 2010 and was at its lowest, 36.6%, in 2008.
That places Panama 92nd out of 189 countries with data for 2022, putting it in the middle of the range.
Taxes as a % of price: total tax in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 36.6% | — |
| 2010 | 59.2% | +61.8% |
| 2012 | 56.5% | -4.5% |
| 2014 | 56.5% | +0.0% |
| 2016 | 56.5% | +0.0% |
| 2018 | 56.5% | +0.0% |
| 2020 | 56.5% | +0.0% |
| 2022 | 56.5% | +0.0% |
Panama compared with similar countries
- Panama's 56.5% is below the median for high income countries, which is 73.8%, 77% of the median. (61 countries reporting)
- Panama's 56.5% is above the median for Latin America & Caribbean, which is 44.7%, 1.3× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.6% | 36.6% | 36.6% | 1 |
| 2010s | 57.1% | 56.5% | 59.2% | 5 |
| 2020s | 56.5% | 56.5% | 56.5% | 2 |
Countries ranked near Panama
More health data for Panama
- Un projection of annual infant deaths, annual growth rate -1.94 % change on previous year (2100)
- Heat deaths vs projected death rates, annual growth rate 0.5994 % change on previous year (2090)
- Estimated changes in temperature-related death rates compared to projected death rates 1,074 deaths per 1,000 people (2090)
- Number of infants who die before age 1 101 deaths (2100)
- Neonatal tetanus - number of reported cases, gaps filled 1 (2025)
- Population ages 00-04, female, annual growth rate -0.2522 % change on previous year (2025)
- Population ages 00-04, female, per unit of GDP 0 units per US$ of GDP (2025)
- Population ages 00-04, female, per capita 0.0378 units per person (2025)
- Population ages 00-04, male, annual growth rate -0.3451 % change on previous year (2025)
- Population ages 00-04, male, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes as a % of price: total tax in Panama?
- Taxes as a % of price: total tax in Panama was 56.5% in 2022, according to World Health Organization, Global Health Observatory.
- What is the highest taxes as a % of price: total tax recorded in Panama?
- The highest recorded value was 59.2% in 2010.
- What is the lowest taxes as a % of price: total tax recorded in Panama?
- The lowest recorded value was 36.6% in 2008.
- How does Panama rank for taxes as a % of price: total tax?
- Panama ranks 92nd out of 189 countries with data for 2022.
- Is taxes as a % of price: total tax rising or falling in Panama?
- Over the last ten years it is unchanged. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from World Health Organization, Global Health Observatory, published as part of Taxes as a % of price: total tax. Statizoid updates them automatically from the source API.
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