Paying taxes: Time (hours per year) - Score in Panama
Panama: Paying taxes: Time (hours per year) - Score was 44.51 in 2019. ▲ Rising
Paying taxes: Time (hours per year) - Score in Panama, 2005–2019
Source: World Bank.
Analysis
The most recent figure for paying taxes: time (hours per year) - score in Panama is 44.51, measured in 2019. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 34.6% over ten years.
Over the whole period, paying taxes: time (hours per year) - score in Panama peaked at 44.51 in 2018 and was at its lowest, 21.02, in 2005.
Panama ranks 174th of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Time (hours per year) - Score in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 21.02 | — |
| 2006 | 21.02 | +0.0% |
| 2007 | 33.08 | +57.4% |
| 2008 | 33.08 | +0.0% |
| 2009 | 33.08 | +0.0% |
| 2010 | 33.08 | +0.0% |
| 2011 | 33.08 | +0.0% |
| 2012 | 40.96 | +23.8% |
| 2013 | 43.12 | +5.3% |
| 2014 | 43.12 | +0.0% |
| 2015 | 43.12 | +0.0% |
| 2016 | 43.12 | +0.0% |
| 2017 | 43.12 | +0.0% |
| 2018 | 44.51 | +3.2% |
| 2019 | 44.51 | +0.0% |
Panama compared with similar countries
- Panama's 44.51 is below the median for high income countries, which is 85.7, 52% of the median. (62 countries reporting)
- Panama's 44.51 is below the median for Latin America & Caribbean, which is 73.88, 60% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.25 | 21.02 | 33.08 | 5 |
| 2010s | 41.17 | 33.08 | 44.51 | 10 |
Countries ranked near Panama
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: time (hours per year) - score in Panama?
- Paying taxes: time (hours per year) - score in Panama was 44.51 in 2019, according to the World Bank.
- What is the highest paying taxes: time (hours per year) - score recorded in Panama?
- The highest recorded value was 44.51 in 2018.
- What is the lowest paying taxes: time (hours per year) - score recorded in Panama?
- The lowest recorded value was 21.02 in 2005.
- How does Panama rank for paying taxes: time (hours per year) - score?
- Panama ranks 174th out of 191 countries with data for 2019.
- Is paying taxes: time (hours per year) - score rising or falling in Panama?
- Over the last ten years it is up 34.6%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Paying taxes: Time (hours per year) - Score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for time to comply with tax laws benchmarks economies with respect to the regulatory best practice on the indicator. The score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.