Tariff rate across all products in Panama
Panama: Tariff rate across all products was 5.9% in 2022. ▼ Falling
Tariff rate across all products in Panama, 1997–2022
Source: World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data. Measured in %.
Analysis
In 2022, tariff rate across all products in Panama stood at 5.9%.
Compared with earlier readings it is down 7.8% on the previous year and down 3.3% over ten years.
Over the whole period, tariff rate across all products in Panama peaked at 10.6% in 1997 and was at its lowest, 5.4%, in 2015.
That places Panama 73rd out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Tariff rate across all products in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 10.6% | — |
| 1998 | 8.7% | -18.2% |
| 1999 | 7.8% | -9.9% |
| 2000 | 7.2% | -8.2% |
| 2001 | 6.9% | -4.6% |
| 2002 | 7.5% | +8.7% |
| 2003 | 7.9% | +5.8% |
| 2004 | 7.6% | -3.3% |
| 2005 | 6.9% | -9.4% |
| 2006 | 7.6% | +10.0% |
| 2007 | 7.5% | -0.8% |
| 2008 | 7.2% | -4.0% |
| 2009 | 7.0% | -2.8% |
| 2010 | 6.9% | -1.6% |
| 2011 | 5.8% | -16.9% |
| 2012 | 6.1% | +6.4% |
| 2013 | 6.1% | -0.8% |
| 2015 | 5.4% | -11.0% |
| 2020 | 5.8% | +6.7% |
| 2021 | 6.4% | +11.4% |
| 2022 | 5.9% | -7.8% |
Panama compared with similar countries
- Panama's 5.9% is above the median for high income countries, which is 1.3%, 4.5× the median. (64 countries reporting)
- Panama's 5.9% is below the median for Latin America & Caribbean, which is 7.0%, 85% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.0% | 7.8% | 10.6% | 3 |
| 2000s | 7.3% | 6.9% | 7.9% | 10 |
| 2010s | 6.1% | 5.4% | 6.9% | 5 |
| 2020s | 6.0% | 5.8% | 6.4% | 3 |
Countries ranked near Panama
- 70 Tonga 6.4% compare
- 71 Liberia 6.2% compare
- 72 Malawi 6.0% compare
- 74 French Polynesia 5.8% compare
- 75 South Korea 5.7% compare
- 76 Afghanistan 5.6% 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 tariff rate across all products in Panama?
- Tariff rate across all products in Panama was 5.9% in 2022, according to World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data.
- What is the highest tariff rate across all products recorded in Panama?
- The highest recorded value was 10.6% in 1997.
- What is the lowest tariff rate across all products recorded in Panama?
- The lowest recorded value was 5.4% in 2015.
- How does Panama rank for tariff rate across all products?
- Panama ranks 73rd out of 184 countries with data for 2022.
- Is tariff rate across all products rising or falling in Panama?
- Over the last ten years it is down 3.3%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data, published as part of Tariff rate across all products. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country.