Tax revenue as a share of gdp reached 8.51% in 2020 in Panama, according to the National Statistical Office. This is 5.54% less than in the previous year.
Historically, tax revenue as a share of GDP in Panama reached an all time high of 13.5% in 1991 and an all time low of 8.51% in 2020.
Panama has been ranked 102nd within the group of 111 countries we follow in terms of tax revenue as a share of GDP.
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