Panama—Government Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #129 of 139Updated April 2026
Latest Value
11.2%
2021
YoY Change
-3.1%
2020 → 2021
Global Rank
#129
of 139 countries
Maximum
13.4%
2017
Minimum
11.2%
2021
CAGR
-2.4%
8 years
Last
11.2%
Previous
11.5%
Highest
13.4%
Lowest
11.2%
Source
World Bank World Development Indicators
Panama's government revenue (% of gdp) was 11.2% in 2021, ranking #129 out of 139 countries. This represents a -3.1% change from 2020. Over the past 8 years, the highest recorded value was 13.4% (2017) and the lowest was 11.2% (2021). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 11.2% | -3.1% |
| 2020 | 11.5% | -2.7% |
| 2019 | 11.8% | -10.3% |
| 2018 | 13.2% | -1.9% |
| 2017 | 13.4% | +6.0% |
| 2016 | 12.7% | -1.0% |
| 2015 | 12.8% | -3.1% |
| 2014 | 13.2% |
Top Countries — Government Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 138.8% | 2020 |
| 2 | Kiribati | 81.1% | 2023 |
| 3 | Norway | 54.2% | 2023 |
| 4 | Timor-Leste | 51.5% | 2022 |
| 5 | Lesotho | 44.2% | 2024 |
| 6 | Austria | 44.2% | 2023 |
| 7 | Greece | 43.3% | 2023 |
| 8 | Luxembourg | 42.8% | 2023 |
| 9 | France | 42.2% | 2023 |
| 10 | Finland | 42.1% | 2023 |
About This Indicator
Definition
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).