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Panama Direct taxes 2026: Interactive Chart & Historical Data

Direct taxes in Panama stood at 43.71% in 2024, according to World Bank. The latest value is down 8.04 percentage points from 51.75% in 2023. Ten years earlier, in 2014, the value was 39.99% (up 3.71 percentage points since). The highest value since 2014 was 51.75% in 2023, the lowest 39.99% in 2014. Panama ranked 22nd highest of the 108 countries in this dataset in 2023; United States ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024

Key facts

What is the latest Direct taxes in Panama?

Direct taxes in Panama stood at 43.71% in 2024, according to World Bank.

Is Direct taxes in Panama rising or falling?

The latest value is down 8.04 percentage points from 51.75% in 2023. Ten years earlier, in 2014, the value was 39.99% (up 3.71 percentage points since).

How does Panama rank for Direct taxes?

Panama ranked 22nd highest of the 108 countries in this dataset in 2023; United States ranked first.

What is the highest Direct taxes on record in Panama?

The highest value since 2014 was 51.75% in 2023, the lowest 39.99% in 2014.

Metadata for Direct taxes in Panama
IndicatorDirect taxes
CountryPanama
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 43.71% (2024)

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Source:World Bank — series GC.TAX.YPKG.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Direct taxes — Panama [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/direct-taxes/PAN. Original source: https://data.worldbank.org/indicator/GC.TAX.YPKG.ZS

MLA

World Bank. "Direct taxes — Panama." EconDash, 2026, https://econdash.org/chart/direct-taxes/PAN. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.YPKG.ZS.

Chicago

World Bank. 2026. "Direct taxes — Panama." EconDash. Accessed November 13, 2026. https://econdash.org/chart/direct-taxes/PAN. Original source: https://data.worldbank.org/indicator/GC.TAX.YPKG.ZS.

BibTeX
@misc{econdash_direct_taxes_pan,
  author = {{World Bank}},
  title = {{Direct taxes --- Panama}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/direct-taxes/PAN},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.YPKG.ZS}
}