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Panama Taxes on international trade (current LCU) 2026: Interactive Chart & Historical Data

Taxes on international trade (current LCU) in Panama stood at 308.1 million in 2024, according to World Bank. The latest value is up 4.1% from 295.9 million in 2023. Ten years earlier, in 2014, the value was 381.4 million (down 19% since). The highest value since 2014 was 390.7 million in 2015, the lowest 216.8 million in 2020. Panama ranked 73rd highest of the 86 countries in this dataset in 2023; Uzbekistan ranked first.

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

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Taxes on international trade (current LCU)?

Taxes on international trade (current LCU) captures Panama's cross-border flows of goods and services, revealing the country's competitive position in global markets, trade relationships, and exposure to external economic shocks. Trade data encompasses exports (goods and services sold to other countries), imports (purchases from abroad), and the resulting balance (surplus when exports exceed imports, deficit when the reverse occurs). In Panama, Taxes on international trade (current LCU) reflects comparative advantages — sectors where the country produces efficiently relative to trading partners — as well as exchange rate effects and global demand patterns. Persistent trade deficits may indicate domestic consumption exceeding production, while surpluses suggest strong export competitiveness. Trade relationships also create supply chain dependencies; disruptions in partner countries can affect Panama's industries that rely on imported components or foreign markets for their products.

Key facts

What is the latest Taxes on international trade (current LCU) in Panama?

Taxes on international trade (current LCU) in Panama stood at 308.1 million in 2024, according to World Bank.

Is Taxes on international trade (current LCU) in Panama rising or falling?

The latest value is up 4.1% from 295.9 million in 2023. Ten years earlier, in 2014, the value was 381.4 million (down 19% since).

How does Panama rank for Taxes on international trade (current LCU)?

Panama ranked 73rd highest of the 86 countries in this dataset in 2023; Uzbekistan ranked first.

What is the highest Taxes on international trade (current LCU) on record in Panama?

The highest value since 2014 was 390.7 million in 2015, the lowest 216.8 million in 2020.

Metadata for Taxes on international trade (current LCU) in Panama
IndicatorTaxes on international trade (current LCU)
CountryPanama
CategoryMacroeconomics
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest balance: 308.1 million (2024)

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

World Bank. (2026). Taxes on international trade (current LCU) — Panama [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-intt-cn/PAN. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN

MLA

World Bank. "Taxes on international trade (current LCU) — Panama." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-intt-cn/PAN. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN.

Chicago

World Bank. 2026. "Taxes on international trade (current LCU) — Panama." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-intt-cn/PAN. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN.

BibTeX
@misc{econdash_wdi_gc_tax_intt_cn_pan,
  author = {{World Bank}},
  title = {{Taxes on international trade (current LCU) --- Panama}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-intt-cn/PAN},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN}
}