Taxes as a % of price: value added tax in Panama
Panama: Taxes as a % of price: value added tax was 13.0% in 2022. ▬ Flat
Latest (2022)
13.0%
Change on year
unchanged
World rank
84th
of 189 countries
All-time high
13.0%
in 2008
All-time low
13.0%
in 2008
Years of data
8
2008–2022
Taxes as a % of price: value added tax in Panama, 2008–2022
Source: World Health Organization, Global Health Observatory.
Analysis
The most recent figure for taxes as a % of price: value added tax in Panama is 13.0%, measured in 2022. That is the highest value across all 8 years on record.
The figure is unchanged over ten years.
Over the whole period, taxes as a % of price: value added tax in Panama peaked at 13.0% in 2008 and was at its lowest, 13.0%, in 2008.
That places Panama 84th out of 189 countries with data for 2022, putting it in the middle of the range.
Taxes as a % of price: value added tax in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 13.0% | — |
| 2010 | 13.0% | +0.0% |
| 2012 | 13.0% | +0.0% |
| 2014 | 13.0% | +0.0% |
| 2016 | 13.0% | +0.0% |
| 2018 | 13.0% | +0.0% |
| 2020 | 13.0% | +0.0% |
| 2022 | 13.0% | +0.0% |
Panama compared with similar countries
- Panama's 13.0% is below the median for high income countries, which is 16.0%, 82% of the median. (61 countries reporting)
- Panama's 13.0% is above the median for Latin America & Caribbean, which is 13.0%, 1.0× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.0% | 13.0% | 13.0% | 1 |
| 2010s | 13.0% | 13.0% | 13.0% | 5 |
| 2020s | 13.0% | 13.0% | 13.0% | 2 |
Countries ranked near Panama
- 84 Nicaragua 13.0% compare
- 84 Antigua and Barbuda 13.0% compare
- 84 Uzbekistan 13.0% compare
- 84 Zimbabwe 13.0% compare
- 84 Samoa 13.0% compare
- 84 Gambia 13.0% compare
- 84 Turkmenistan 13.0% compare
- 84 Namibia 13.0% compare
- 84 Sri Lanka 13.0% compare
- 84 Grenada 13.0% compare
- 84 New Zealand 13.0% compare
- 84 Lesotho 13.0% compare
- 84 Jamaica 13.0% compare
- 84 Dominica 13.0% compare
- 84 Sierra Leone 13.0% compare
- 84 Eswatini 13.0% compare
- 84 South Africa 13.0% compare
- 84 Ethiopia 13.0% compare
- 84 Fiji 13.0% compare
- 84 Mauritius 13.0% compare
- 84 Seychelles 13.0% compare
- 84 Saudi Arabia 13.0% compare
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: value added tax in Panama?
- Taxes as a % of price: value added tax in Panama was 13.0% in 2022, according to World Health Organization, Global Health Observatory.
- What is the highest taxes as a % of price: value added tax recorded in Panama?
- The highest recorded value was 13.0% in 2008.
- What is the lowest taxes as a % of price: value added tax recorded in Panama?
- The lowest recorded value was 13.0% in 2008.
- How does Panama rank for taxes as a % of price: value added tax?
- Panama ranks 84th out of 189 countries with data for 2022.
- Is taxes as a % of price: value added tax rising or falling in Panama?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- 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: value added tax. Statizoid updates them automatically from the source API.
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