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Panama Revenue, excluding grants (% of GDP) 2026: Interactive Chart & Historical Data

Revenue, excluding grants (% of GDP) in Panama stood at 10.7% in 2024, according to World Bank. The latest value is down 1.31 percentage points from 12% in 2023. Ten years earlier, in 2014, the value was 13.23% (down 2.54 percentage points since). The latest value is the lowest since 2014; the highest was 13.44% in 2017. Panama ranked 105th highest of the 111 countries in this dataset in 2023; Nauru ranked first.

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

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Revenue, excluding grants (% of GDP)?

Revenue, excluding grants (% of GDP), measured in %, measures the total economic output of Panama. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Panama, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.

Key facts

What is the latest Revenue, excluding grants (% of GDP) in Panama?

Revenue, excluding grants (% of GDP) in Panama stood at 10.7% in 2024, according to World Bank.

Is Revenue, excluding grants (% of GDP) in Panama rising or falling?

The latest value is down 1.31 percentage points from 12% in 2023. Ten years earlier, in 2014, the value was 13.23% (down 2.54 percentage points since).

How does Panama rank for Revenue, excluding grants (% of GDP)?

Panama ranked 105th highest of the 111 countries in this dataset in 2023; Nauru ranked first.

What is the highest Revenue, excluding grants (% of GDP) on record in Panama?

The latest value is the lowest since 2014; the highest was 13.44% in 2017.

Metadata for Revenue, excluding grants (% of GDP) in Panama
IndicatorRevenue, excluding grants (% of GDP)
CountryPanama
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 10.7% (2024)

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Source:World Bank — series GC.REV.XGRT.GD.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Revenue, excluding grants (% of GDP) — Panama [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/PAN. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS

MLA

World Bank. "Revenue, excluding grants (% of GDP) — Panama." EconDash, 2026, https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/PAN. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS.

Chicago

World Bank. 2026. "Revenue, excluding grants (% of GDP) — Panama." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/PAN. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS.

BibTeX
@misc{econdash_wdi_gc_rev_xgrt_gd_zs_pan,
  author = {{World Bank}},
  title = {{Revenue, excluding grants (\% of GDP) --- Panama}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/PAN},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS}
}