Paying taxes: Time in Panama
Panama: Paying taxes: Time was 408 hours per year in 2019. ▼ Falling
Paying taxes: Time in Panama, 2005–2019
Source: World Bank. Measured in hours per year.
Analysis
In 2019, paying taxes: time in Panama stood at 408 hours per year. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 15.4% over ten years.
Over the whole period, paying taxes: time in Panama peaked at 560 hours per year in 2005 and was at its lowest, 408 hours per year, in 2018.
That places Panama 17th out of 187 countries with data for 2019, putting it in the top 10%.
The long-run direction has been consistently falling across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 513.2 hours per year | 482 hours per year | 560 hours per year | 5 |
| 2010s | 429.6 hours per year | 408 hours per year | 482 hours per year | 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 in Panama?
- Paying taxes: time in Panama was 408 hours per year in 2019, according to the World Bank.
- What is the highest paying taxes: time recorded in Panama?
- The highest recorded value was 560 hours per year in 2005.
- What is the lowest paying taxes: time recorded in Panama?
- The lowest recorded value was 408 hours per year in 2018.
- How does Panama rank for paying taxes: time?
- Panama ranks 17th out of 187 countries with data for 2019.
- Is paying taxes: time rising or falling in Panama?
- Over the last ten years it is down 15.4%. 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: Time (hours per year). 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 time to comply with tax laws measures the time taken to prepare, ?le and pay three major types of taxes and contributions: the corporate income tax, value added or sales tax and labor taxes, including payroll taxes and social contributions.