Proportion of domestic budget funded by domestic taxes (%) in Panama
Panama: Proportion of domestic budget funded by domestic taxes (%) was 41.7% in 2021. ▼ Falling
Latest (2021)
41.7%
Change on year
up 2.9%
World rank
157th
of 183 countries
All-time high
62.1%
in 2016
All-time low
40.6%
in 2020
Years of data
8
2014–2021
Proportion of domestic budget funded by domestic taxes in Panama, 2014–2021
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Panama recorded 41.7% for proportion of domestic budget funded by domestic taxes in 2021.
The figure is up 2.9% on the previous year and down 29.4% over ten years.
That places Panama 157th out of 183 countries with data for 2021, putting it in the bottom quarter.
Proportion of domestic budget funded by domestic taxes (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 59.1% | — |
| 2015 | 57.6% | -2.5% |
| 2016 | 62.1% | +7.8% |
| 2017 | 59.0% | -5.1% |
| 2018 | 60.0% | +1.7% |
| 2019 | 49.3% | -17.8% |
| 2020 | 40.6% | -17.7% |
| 2021 | 41.7% | +2.9% |
Panama compared with similar countries
- Panama's 41.7% is below the median for high income countries, which is 55.1%, 76% of the median. (58 countries reporting)
- Panama's 41.7% is below the median for Latin America & Caribbean, which is 69.4%, 60% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 57.8% | 49.3% | 62.1% | 6 |
| 2020s | 41.2% | 40.6% | 41.7% | 2 |
Countries ranked near Panama
- 154 San Marino 42.8% compare
- 155 Ecuador 42.3% compare
- 156 Romania 41.8% compare
- 158 Sri Lanka 41.4% compare
- 159 Egypt 38.2%
- 160 Timor-Leste 38.0% compare
- 160 East Timor 38.0% compare
More infrastructure data for Panama
- Mobile cellular subscriptions 6.98 million (2023)
- Mobile cellular subscriptions 156.59 per 100 people (2023)
- Fixed telephone subscriptions 774,060 (2023)
- Fixed telephone subscriptions 17.36 per 100 people (2023)
- Fixed telephone subscriptions, per capita 0.1736 units per person (2023)
- Fixed telephone subscriptions, per unit of GDP 0 units per US$ of GDP (2023)
- Fixed telephone subscriptions, annual growth rate -8.18 % change on previous year (2023)
- Fixed telephone subscriptions, gaps filled 774,060 (2023)
- Mobile cellular subscriptions, per capita 1.57 units per person (2023)
- Mobile cellular subscriptions, per unit of GDP 0.0001 units per US$ of GDP (2023)
Frequently asked questions
- What is proportion of domestic budget funded by domestic taxes in Panama?
- Proportion of domestic budget funded by domestic taxes in Panama was 41.7% in 2021, according to United Nations Statistics Division, SDG Global Database.
- What is the highest proportion of domestic budget funded by domestic taxes recorded in Panama?
- The highest recorded value was 62.1% in 2016.
- What is the lowest proportion of domestic budget funded by domestic taxes recorded in Panama?
- The lowest recorded value was 40.6% in 2020.
- How does Panama rank for proportion of domestic budget funded by domestic taxes?
- Panama ranks 157th out of 183 countries with data for 2021.
- Is proportion of domestic budget funded by domestic taxes rising or falling in Panama?
- Over the last ten years it is down 29.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Proportion of domestic budget funded by domestic taxes (%). Statizoid updates them automatically from the source API.
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