Paying taxes: Labor tax and contributions in Panama
Panama: Paying taxes: Labor tax and contributions was 20.0% in 2019. ▼ Falling
Paying taxes: Labor tax and contributions in Panama, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: labor tax and contributions in Panama is 20.0%, measured in 2019.
Compared with earlier readings it is down 7.8% over ten years.
Over the whole period, paying taxes: labor tax and contributions in Panama peaked at 21.7% in 2007 and was at its lowest, 19.8%, in 2012.
That places Panama 60th out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Labor tax and contributions in Panama, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 20.7% | — |
| 2006 | 20.9% | +1.0% |
| 2007 | 21.7% | +3.8% |
| 2008 | 21.7% | +0.0% |
| 2009 | 21.7% | +0.0% |
| 2010 | 21.7% | +0.0% |
| 2011 | 21.7% | +0.0% |
| 2012 | 19.8% | -8.8% |
| 2013 | 19.8% | +0.0% |
| 2014 | 20.0% | +1.0% |
| 2015 | 20.0% | +0.0% |
| 2016 | 20.0% | +0.0% |
| 2017 | 20.0% | +0.0% |
| 2018 | 20.0% | +0.0% |
| 2019 | 20.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.3% | 20.7% | 21.7% | 5 |
| 2010s | 20.3% | 19.8% | 21.7% | 10 |
Countries ranked near Panama
- 57 Madagascar 20.3% compare
- 58 India 20.2% compare
- 58 Serbia 20.2% compare
- 61 Central African Republic 19.8% compare
- 62 Türkiye 19.7% compare
- 63 Kyrgyzstan 19.5% compare
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Panama?
- Paying taxes: labor tax and contributions in Panama was 20.0% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Panama?
- The highest recorded value was 21.7% in 2007.
- What is the lowest paying taxes: labor tax and contributions recorded in Panama?
- The lowest recorded value was 19.8% in 2012.
- How does Panama rank for paying taxes: labor tax and contributions?
- Panama ranks 60th out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Panama?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.