Panama—Taxes on International Trade (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #66 of 116Updated April 2026
Latest Value
3.8%
2021
YoY Change
+15.7%
2020 → 2021
Global Rank
#66
of 116 countries
Maximum
5.6%
2014
Minimum
3.3%
2020
CAGR
-5.3%
8 years
Last
3.8%
Previous
3.3%
Highest
5.6%
Lowest
3.3%
Source
World Bank World Development Indicators
Panama's taxes on international trade (% of revenue) was 3.8% in 2021, ranking #66 out of 116 countries. This represents a +15.7% change from 2020. Over the past 8 years, the highest recorded value was 5.6% (2014) and the lowest was 3.3% (2020). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 3.8% | +15.7% |
| 2020 | 3.3% | -14.5% |
| 2019 | 3.8% | +2.0% |
| 2018 | 3.8% | -8.4% |
| 2017 | 4.1% | -11.5% |
| 2016 | 4.6% | -14.2% |
| 2015 | 5.4% | -3.0% |
| 2014 | 5.6% |
Top Countries — Taxes on International Trade (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Eswatini | 35.5% | 2021 |
| 2 | Botswana | 32.6% | 2024 |
| 3 | Namibia | 30.6% | 2023 |
| 4 | Solomon Islands | 27.6% | 2022 |
| 5 | Cote d'Ivoire | 25.5% | 2023 |
| 6 | Bahamas, The | 23.7% | 2023 |
| 7 | Philippines | 23.1% | 2023 |
| 8 | Gabon | 19.8% | 2021 |
| 9 | Somalia, Fed. Rep. | 18.5% | 2024 |
| 10 | Ethiopia | 18.5% | 2024 |